Skyscanner and Gogobot Acquisitions Help Trip.com Navigate China Domestic Travel Woes
Skift Take
Acquisitions can have unintended consequences. Trip.com Group likely didn't view the acquisitions of Skyscanner and Gogobot as hedges against the collapse of China travel.
Trip.com Group's 2016 acquisition of Skyscanner and purchase of Trip.com, formerly called Gogobot, the following year appear to be paying off abroad because Covid hit China hard, particularly in big cities, in March, April and May.
In releasing its first quarter results Monday, Shanghai-based Trip.com Group showed how its global platforms outside China, namely Scotland-based Skyscanner and Trip.com, were bright spot given that China domestic travel still facing challenges.
Trip.com Group's main domestic brand is Ctrip, and it uses its Trip.com brand, inherited with the 2017 acquisition of Trip.com/Gogobot, internationally.
Both hot
