Ctrip Brings the Magic of Hong Kong Disneyland to Mainland China
12 Juillet 2005 - 3:55PM
PR Newswire (US)
Ctrip Brings the Magic of Hong Kong Disneyland to Mainland China
SHANGHAI, China, July 12 /Xinhua-PRNewswire-FirstCall/ -- Ctrip.com
International, Ltd. (NASDAQ:CTRP), a leading consolidator of hotel
accommodations and airline tickets in China, today announced that
its affiliate Shanghai Ctrip Charming International Travel Service
Co., Ltd. ("Shanghai Ctrip Charming") has entered into an agreement
with Hong Kong Disneyland to distribute Hong Kong Disneyland's
hotel rooms and tickets in mainland China. Hong Kong Disneyland is
the first Disney theme park in China, which is scheduled to open on
September 12, 2005. Ctrip, through Shanghai Ctrip Charming, will
enjoy certain guaranteed inventory of rooms in the luxurious
Victorian-style Hong Kong Disneyland hotel and the
Tinseltown-inspired Disney's Hollywood Hotel, as well as theme park
tickets from Hong Kong Disneyland and in turn offer them to Ctrip's
customers in mainland China. "We are excited to cooperate with Hong
Kong Disneyland, which is set to become a premier vacation
destination in Asia. We believe Hong Kong Disneyland products will
be particularly popular among independent travelers. Our Hong Kong
Disneyland vacation packages are developed and can be personalized
to ensure that our customers have the most magical experience
possible," said James Liang, Chairman and CEO of Ctrip. According
to Hong Kong Disneyland, the number of Mainland visitors is
expected to account for over half of Hong Kong's total tourist
arrivals in 2005 and it anticipates a significant percentage of
Hong Kong Disneyland's guests will be from the mainland. "We are
very pleased to be working with Ctrip. Ctrip will play an important
role in collectively spreading the Disney magic to our guests in
the mainland China and creating wonderful vacation packages. We
look forward to welcoming guests from the mainland from September
12 and beyond," said Roy Tan Hardy, Hong Kong Disneyland Vice
President Sales and Marketing. When Hong Kong Disneyland opens, it
will offer guests of all ages a magical and immersive entertainment
experience where they can step into the fantastic worlds of
yesterday and tomorrow and encounter some of Disney's most beloved
friends. About Ctrip.com International, Ltd. Ctrip.com
International, Ltd. is a leading consolidator of hotel
accommodations and airline tickets in China. Ctrip aggregates
information on hotels and flights and enable customers to make
informed and cost-effective hotel and flight bookings. Ctrip
targets primarily business and leisure travelers in China who do
not travel in group. These travelers form a traditionally
under-served yet fast-growing segment of the China travel industry.
Since its inception in 1999, Ctrip has experienced substantial
growth and become one of the best-known travel brands in China.
Ctrip became a publicly traded company in December 2003. Ctrip's
American Depositary Shares, or ADSs, each of which represents two
ordinary shares of Ctrip, are currently traded on the Nasdaq
National Market under the symbol "CTRP." Safe Harbor Statement This
announcement contains forward-looking statements. These statements
are made under the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. These forward-looking
statements can be identified by terminology such as "will,"
"expects," "anticipates," "future," "intends," "plans," "believes,"
"estimates" and similar statements. Among other things, the
Business Outlook section and quotations from management in this
press release, as well as Ctrip's strategic and operational plans,
contain forward-looking statements. Ctrip may also make written or
oral forward-looking statements in its periodic reports to the U.S.
Securities and Exchange Commission on forms 20-F and 6-K, etc., in
its annual report to shareholders, in press releases and other
written materials and in oral statements made by its officers,
directors or employees to third parties. Statements that are not
historical facts, including statements about Ctrip's beliefs and
expectations, are forward-looking statements. Forward-looking
statements involve inherent risks and uncertainties. A number of
important factors could cause actual results to differ materially
from those contained in any forward-looking statement. Potential
risks and uncertainties include, but are not limited to, Ctrip's
historical losses, its limited operating history, declines or
disruptions in the travel industry, the recurrence of SARS, Ctrip's
reliance on the relationships with hotel suppliers and airline
ticket suppliers, fluctuations in quarterly operating results,
failure of competing against new and exist competitors, and other
risks outlined in Ctrip's filings with the U.S. Securities and
Exchange Commission, including its registration statements on Form
F-1 and Form F-2, as amended. Ctrip does not undertake any
obligation to update any forward-looking statement, except as
required under applicable law. For Further Information: Yin Yin
Ctrip.com International, Ltd. Tel: (+852) 2169-0915/0912 Email:
DATASOURCE: Ctrip.com International, Ltd. CONTACT: Yin Yin of
Ctrip.com International, Ltd., +852-2169-0915/0912,
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