CREATION - Hongkong.com acquires Miller Freeman's TTG Asia

<p>Hongkong.com has acquired Miller Freeman Asia's travel and tourism </p><p>group, as well as its publishing services, as part of its "B2B travel </p><p>service strategy". </p><p><BR><BR> </p><p>The acquisition gives hongkong.com access to the publisher's travel and </p><p>tourism content, and is expected to gradually focus the publications on </p><p>the Web. </p><p><BR><BR> </p><p>Miller Freeman Asia holds an important share of the regional exhibition </p><p>and publishing market. Its titles include Travel Trade Gazette Asia, </p><p>Business Travel News Asia-Pacific and Incentives and Meetings Asia. </p><p><BR><BR> </p><p>TTG Asia has been in publication for more than 26 years. Its readership </p><p>is estimated at 100,000. The group's travel-related events include </p><p>Incentive Travel & Conventions, Meetings Asia (IT&CMA) and Corporate </p><p>Travel World (CTW) Asia-Pacific. </p><p><BR><BR> </p><p>The move follows a recent investment in Chinaholiday by the Internet </p><p>company. Chinaholiday has exclusive online franchise for distribution of </p><p>China Travel Services products. </p><p><BR><BR> </p><p>Chinaholiday, which also comes under the hongkong.com group, serves more </p><p>than 800 registered travel agents and 2,000 hotels. </p><p><BR><BR> </p><p>Rudy Chan, chief executive officer of hongkong.com, said: "While we </p><p>recognise that there are economic, infrastructure and other significant </p><p>challenges ahead in extracting the synergistic value of both companies, </p><p>we believe that the combination of Chinaholiday's B2B travel platform </p><p>and TTG Asia's unrivalled publishing expertise in the Asian travel </p><p>industry, when successfully implemented, will lay a solid foundation for </p><p>our B2B e-travel services strategy." </p><p><BR><BR> </p>

by | 10/27/2000