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.
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