Greentree Inn Hotels Partners with Expedia
Expedia, World's Largest Online Travel Company
Beijing, China - May 26, 2010 - Expedia, Inc. (NASDAQ: EXPE), the world's largest online travel company, today announced a partnership agreement with GreenTree Inn Hotels, one of China's leading business hotel brands operating in over 100 cities throughout China. Under the new agreement, GreenTree Inn properties will be made available to travelers shopping on the more than 90 Expedia- and Hotels.com-branded travel booking sites worldwide.
“We're delighted that by partnering with Expedia, we are able to extend the reach of the GreenTree Inn brand to online travel shoppers around the world,” said Alex Xu, CEO of GreenTree Inn Hotels. “We are hopeful that this exposure will help GreenTree Inn continue to grow and advance the brand as the leading business hotel chain in China.”
“Our partnership with GreenTree Inn Hotels is in line with our commitment to expanding the selection of accommodations we offer to our travelers worldwide, while delivering value to hotel partners like GreenTree,”said Cyril Ranque, vice president of Expedia Partner Services, APAC. “We are excited to bring Expedia's wealth of consumer online travel intelligence, marketing expertise and revenue management resources to help GreenTree develop the most effective distribution strategy possible.”
This agreement follows the announcement last month of an agreement between Expedia and hotel connectivity provider CHINAOnline, which will facilitate the sharing of rates and inventory information between Expedia and GreenTree Inn properties.
The partnership was announced today at a press conference, where Expedia CEO Dara Khosrowshahi addressed an audience of Chinese reporters and business leaders.. Khosrowshahi was in Beijing this week for the World Travel and Tourism Council Summit, at which he will speak during a session on May 27, 2010 titled “Adapting to Change.”
About Expedia, Inc.
Expedia, Inc. is the largest online travel company in the world, with an extensive brand portfolio that includes more than 90 localized Expedia.com®- and Hotels.com®-branded sites; leading U.S. discount travel site Hotwire®; leading agency hotel company Venere.com™; Egencia™, the world's fifth largest corporate travel management company; the world's largest travel community TripAdvisor® Media Network; destination activities provider ExpediaLocalExpert®; luxury travel specialist Classic Vacations®; and China's second largest booking site eLong™. The company delivers consumers value in leisure and business travel, drives incremental demand and direct bookings to travel suppliers, and provides advertisers vast opportunity to reach the most valuable audience of in-market travel consumers anywhere through TripAdvisor Media Network and Expedia Media Solutions. Expedia also powers bookings for some of the world's leading airlines and hotels, top consumer brands, high traffic websites, and thousands of active affiliates through Expedia® Affiliate Network. (NASDAQ: EXPE)
About Expedia Partner Services Group
Expedia Partner Services Group (PSG) is the central point of contact for travel suppliers to access the global Expedia marketplace of leading travel brands comprising more than 90 points of sale worldwide. With hundreds of employees in local markets throughout the world, Expedia® PSG makes it easy for suppliers to meet their global distribution objectives, and delivers a portfolio of innovative connectivity solutions, rate and inventory management tools, business intelligence reports, and online marketing expertise.
About GreenTree Inn Hotels
GreenTree Inns Management Group, business chain hotel of high taste and cost-effective, was co-established by several American investment enterprises in chain. GreenTree Inns aim to provide service of “beyond health, beyond comfort, beyond value and beyond expectations”. At the end of April 2010, GreenTree Inn hotel brand has covered more than 100 large and middle scale cities such as Beijing, Shanghai etc., and has 480 chain hotels altogether, over 200 of which were opened. Most of the room prices range from 99.8 to 220 RMB. In addition, GreenTree Inn is now developing chain hotels in the United States, India, Indonesia and Vietnam, etc.
Marriott International, Inc. (NASDAQ: MAR) is a global leading lodging company based in Bethesda,Maryland, USA, with more than 4,200 properties in 80 countries and territories. Marriott International reported revenues of nearly $14 billion in fiscal year 2014. The company operates and franchises hotels and licenses vacation ownership resorts under 19 brands, including: The Ritz-Carlton®, BVlgari®, EDITION®, JW Marriott®, Autograph Collection® Hotels, Renaissance® Hotels, Marriott Hotels®, Delta Hotels and Resorts®, Marriott Executive Apartments®, Marriott Vacation Club®, Gaylord Hotels®, AC Hotels by Marriott®, Courtyard®, Residence Inn®, SpringHill Suites®, Fairfield Inn & Suites®, TownePlace Suites®, Protea Hotels® and MoxyHotels®. Marriott has been consistently recognized as a top employer and for its superior business ethics. The company also manages the award-winning guest loyalty program, Marriott Rewards® and The Ritz-Carlton Rewards® program, which together surpass 50 million members. For more information or reservations, please visit our website at 
