CNET: US-based Internet-based travel service provider Travelocity is now eyeing India and China as part of its Asia push. The company, in a deal worth $34 million, had just acquired the full ownership of Zuji, a travel company which was launched in 2002 and has presence in Australia, Hong Kong, Korea, New Zealand, Singapore and Taiwan.
“It is a natural progression for Travelocity to take full ownership of Zuji and the purchase positions us nicely for future growth in the fast-growing Asia-Pacific region,” Travelocity CEO Michelle Peluso said in the statement. “This acquisition, coupled with our acquisitions in Europe last year, demonstrates how we are continuing to expand the Travelocity network globally.” With the completion of the deal, the company said it intends to expand its presence into China and India.
It’s likely Travelocity can look at an acquisition in India rather than building one from the scratch.