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In July 2015, MakeMyTrip invested in the travel information and hotel review portal HolidayIQ and picked up approximately 30% stake in the company. [15] In the same month, it invested $5 million in a startup called Bona Vita. [16] In January 2016, the China-based travel booking company Ctrip agreed to invest $180 million in MakeMyTrip. [17]
Metasearch engines often make use of "screen scraping" to get live availability of flights. Screen scraping is a way of crawling through the airline websites, getting content from those sites by extracting data from the same HTML feed used by consumers for browsing (rather than using a Semantic Web or database feed designed to be machine-readable).
The company was founded as Ctrip.com by James Liang, Neil Shen, Min Fan, and Qi Ji in June 1999. [9] [10]The company was listed on the NASDAQ in 2003 through a variable interest entity (VIE) based in the Cayman Islands in a Merrill Lynch-led offering, raising US$75 million from the sale of 4.2 million American depositary receipts at $18 each.
In airline reservation systems, a record locator is an alphanumeric code used to identify and access a specific record on an airline’s reservation system. An airline’s reservation system automatically generates a unique record locator whenever a customer makes a reservation or booking, commonly known in the industry as an itinerary. When an ...
American Airlines and Teleregister Company developed a number of automated airline booking systems known as Reservisor. it first version was an electromechanical version of the flight boards introduced for the "sell and report" system that was installed in American's Boston reservation office in February 1946.
In October 2016, India based online travel company MakeMyTrip, a Nasdaq listed firm and ibibo Group, [15] India's largest travel group agreed to merge in a stock transaction, to form the country's biggest online travel company. [16] [17] Both these online platforms have AI-powered chatbots named Myra and Gia respectively. [18]
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