TripAdvisor sold its loss-making Chinese site Kuxun for 188bet login in 2015，Then used the money to acquire Ze Trip, a personal journaling app, and two restaurant booking platforms - BestTables in Portugal and Brazil and Dimmi in Australia。

Priceline Group spent nearly .6 billion on 188bet login plans in 2014，Only million spent in 2015，The companies it acquired include hotel booking website Rocketmiles，Revenue management company PriceMatch，and Australian restaurant reservation platform AS Digital。

These are our recent TripAdvisor、Latest disclosure details gathered from Priceline and Expedia’s 10-K reports filed with the U.S. Securities and Exchange Commission。Although the merger and acquisition activity of TripAdvisor and Priceline slowed down in 2015 compared with 2014，But Expedia spent a lot of money。2015，Expedia costs 60.USD 500 million 188bet login Latin American website Decolar，At the same time, put yourself on the Chinese website Yilong's 64.2% stake at 6.Sold for .1 billion。

Let’s take a look at the 188bet login data of these three companies.

TripAdvisor sells cool news

TripAdvisor said it sold Kuxun.com to Meituan, which is backed by Alibaba, for 188bet login，and benefited from the transaction of 188bet login，And implies that the proceeds from the transaction were used for three additional acquisitions。

In the most recent 10-K report，TripAdvisor noted: “188bet login Ze Trip，BestTables and Dimmi are primarily funded by payments from our international subsidiaries。”

Compared to nearly US0 million in acquisitions in 2014 (including 1.USD 9.2 billion acquisition of 188bet login activities website Viator and 2.USD 0.8 billion for a total of 6 other acquisitions)，TripAdvisor’s M&A activity in 2015 was relatively modest，Includes VacationHomeRentals, Tripbod, Lafourchette, MyTable, Restopolis, Iens，Total million。

TripAdvisor grew rapidly in 2015，Including integrating Viator and expanding the instant booking function of its own platform，Enables consumers to make hotel reservations directly on the TripAdvisor platform，But on the other hand, these plans will undoubtedly limit TripAdvisor’s continued acquisitions。

Priceline acquires Rocketmiles

According to Wall Street Journal，In February 2015, Priceline spent approximately US million to acquire Rocketmiles。Additional data also shows that Priceline spent million on the 188bet login PriceMatch and AS Digital。

Just like TripAdvisor，Priceline also spent a lot of energy on integrating OpenTable in 2015，It admitted in its 10-K report that the plan took far longer than expected。In comparison，Priceline spent nearly .6 billion on acquisitions in 2014，Including the .5 billion 188bet login OpenTable，188bet login hotel marketing company Buteeq for US million，Ninjas and Qlika。

Expedia 188bet login cost more than billion

Expedia acquired Travelocity North America in 2015 (2.USD 800 million)，Joint investment with Air Asia (USD 94 million)，188bet login Orbitz Worldwide (USD 1.8 billion) and HomeAway (USD 3.6 billion)。These acquisitions and investments were completed prior to Expedia’s 10-K filing。Same，We already know that，Expedia sells its eLong 64.2% shares give Ctrip and other companies CCP profit 6.USD 7.1 billion。

The latest disclosure in Expedia’s 10-K report is its cost 2.USD 700 188bet login investment in Decolar，It also operates Despegar's website，Expedia gets 16 from it.36% stake。Also，Expedia also had three undisclosed acquisitions in 2015，Total 188bet login。

Expedia spent more than billion on acquisitions in 2015，Significantly exceeding 7 in 2014..3 billion (including 188bet login Australi’s Wotif 6..8 billion plus an million investment from Europe’s Auto Escape Group)。

2016 seems a bit quiet

What are your plans for 2016?

Priceline’s CEO said: “The company’s overall structure and competitiveness are deep and wide enough。”We can interpret that Priceline does not need to continue to make acquisitions to stay ahead of the industry。

Expedia’s CEO did not disclose any M&A activity in 2016，But argued，The company is too dependent on the United States and needs to become more international。

TripAdvisor CFO Ernst Teunissen said last week，TripAdvisor has a lot of funds to carry out a new round of acquisitions。“We still have a strong economy for investment，" Teunissen said。 “We are delighted to have made successful acquisitions over the past few years，We remain open to similar opportunities to integrate new products and a first-class management team。Although we can see many opportunities，But we will still choose carefully，Because our investment focus will be long-term value return。”

Chinese online 188bet login companies are keen on acquiring traditional 188bet login agencies

International online 188bet login giants are keen on acquiring 188bet login startups，And some opponents smaller than yourself，The main purpose of acquisition is to maintain industry leadership through acquisition。It can be seen from the acquisition target，These entrepreneurial companies all have unique business models and are relatively blank in the market，Through acquisition, we can ensure that we provide users with richer resources、More diversified services；The second step is to carry out international layout，Acquire revenue from a wider range of markets，Make it bigger；In addition，Through mergers and acquisitions, we can also get rid of dependence on a single market。

In comparison，Intensify the layout of offline resources，Improving the upstream industry chain is currently an important strategic direction for domestic online 188bet login companies，Because domestic online 188bet login websites are more interested in acquiring traditional 188bet login agencies。The major mergers and acquisitions in China’s tourism market in 2015 were mainly the OTA website Ctrip’s acquisition of elong and Qunar.com (obtaining controlling status)，In addition，In July, Ctrip spent 100 million yuan to acquire Suanya Technology, an automatic train ticket query and booking software company。Other acquisitions are for 188bet login agencies，For example, after the acquisition of Zhejiang Zhongshan International 188bet login Service and Tianjin Classic Holidays International 188bet login Service，Tuniu 188bet login Network acquired Wuzhouxing 188bet login Agency in 2015。Tongcheng 188bet login Network received RMB 6 billion in financing led by Wanda in July 2015，Abundant funds，Tongcheng said it is open to acquiring 188bet login agencies。From October 30, 2015，Tongcheng successively acquired Nantong Huihuang International 188bet login Agency and Shanghai Meichen International 188bet login Agency，January 2016，Tongcheng 188bet login wholly acquires Guangzhou Chuangyou International 188bet login Service。Ctrip previously acquired Huayuan International 188bet login Service in 2014，Wanda in 2013、Acquired 13 powerful local 188bet login agencies in 2014。

The reason why domestic online 188bet login companies’ acquisition preference is mainly concentrated on 188bet login agencies is that the domestic tourism industry lacks high-quality acquisition targets，On the other hand, the reason is that currently there are not many international online 188bet login companies in China。

*This article comes from Skift，Compiled by Xu Liyang, Zhihui 188bet login Analyst。