Price war among mainland online travel agencies to leave few survivors

The mainland's biggest online travel agent, Ctrip, says the fierce price war being waged by online agencies will leave only a few survivors in the industry.

"This is the first time we have encountered such a cut-throat price war since we set up business 13 years ago," said Fan Min, the chief executive of Ctrip.com International, the biggest online ticketing portal on the mainland.

via Business feed http://www.scmp.com/business/china-business/article/1056042/price-war-among-mainland-online-travel-agencies-leave-few