In order for travellers to find the best deals for travel, millions of people turn to travel comparison sites. One of the most widely used sites, Skyscanner, is about to get a little bigger with an announcement that it is buying out Chinese rival comparison site Youbibi. So far, no financial terms have been disclosed, but it is likely that Skyscanner is paying top dollar for the start-up company.
Skyscanner, which is based in Edinburgh, said that this new deal will allow Chinese travellers to search for all of their travel needs in just one place. This is only made possible because Skyscanner can combine its international flight information with Youbibi’s information regarding mainland China. It should provide the best of both worlds, according to the co-founder and chief executive officer of Skyscanner, Gareth Williams.
When speaking about this new deal, Williams said that since his company established a team in China in 2012, the number of visitors heading to Skyscanner has increased nearly tenfold. This proves that there is a lot of opportunity for growth in China. This is something that Skyscanner would like to follow up with. Skyscanner believes that the buyout of Youbibi will help reach that end. This is a strong travel specialist for China. It can help Skyscanner really understand how to cater to Chinese nationals, both on an international level and a domestic one.
Currently, Skyscanner has more than 500 staff in six offices around the world. These new plans will help it fulfil plans to deliver more products that will help travellers in China, and other areas around the world, enjoy more travel that is straightforward.
In April, the company said that it is planning for the future, and the future of travel is being able to plan a trip all in one place. People will soon be able to take a virtual reality tour of places that they want to visit. This will give them the best idea of what a potential holiday destination really looks like. The ability to experience a place before even travelling there will eventually be what planning a trip is all about. Technology is not far from being able to provide travellers with such a reality.
The chief executive officer and co-founder of Youbibi, Steven Pang, said that this acquisition is going to help create a really exciting travel tool for Chinese travellers to use. It should make planning travel for Chinese travellers who are looking to travel overseas even easier. In the end, that is all both companies really want for travellers.