Amid a slowing economy, CTIN Corp (台灣旅遊聯盟), an online travel service provider that has partnerships with 400 hotels, unexpectedly stopped its online booking service yesterday.
CTIN said on its company Web site that it was suspending all online booking services affecting 4,166 people with a loss of NT$18.51 million (US$579,000).
In the statement, CTIN, operated by Sinotour (信欣旅行社) and founded by James Yu (余錫堅), apologized for any incovenience its decision might have caused its clients and business partners.
The company’s Taipei office on Songjiang Road (松江路) was closed yesterday, Unique Satellite TV (非凡電視) cable TV reported. But a poster outside the company’s office said it would hold a meeting on Friday at the office of Travel Quality Assurance Association (品保協會) to discuss the matter with its partner hotels and clients.
Like most travel agencies in Taiwan, CTIN has seen business sales decline significantly this year as a result of a slowing economy and rising inflationary pressures.
The company has a staff of about 100. Leading online firms such as Eztravel.com (易遊網) and Star Travel Corp (燦星) are its main competitors.
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