The ota china tuniu multiplies by six losses in 2014
The Agency online Chinese Tuniu suffered losses of 447 million Yuan (66 million euros) in 2014, which means multiplying by six losses of the previous year, which reached 79 million Yuan (11.6 million euros).
Revenues of the OTA came to 3.554 billion yuan (524 million euros), representing an increase of 81% on the 1,962 million Yuan (289 million euros) from the previous year.
This last figure indicates that the Agency continues gaining market against face-to-face agencies share. As reported by HOSTELTUR tourism news in the OTA Chinese grow in a highly competitive market.
In fact, as reported by La china OTA Ctrip drastically reduces their profits in 2014, largest Chinese market, Ctrip, online agency also suffers this competitiveness, as evidenced by their numbers, although it also increased turnover, a 36%.
As she picked up this newspaper in growing competition in China with new acquisitions, Tuniu bought in March, two travel agencies, Zhejiang Zhongshan International Travel Services (known as Zhongshan) and China Classical Holiday (CCH). The first based in Hangzhou and the second in Tianjing.
On the other hand, Ctrip also announced at end of year a multi-million-dollar investment in Tuniu. Along with the investor Hony and web JD.com – digital sales portal competition from Alibaba – invested 148 million dollars (118 million euros).