First cooperation agreement with CTRIP, China's leading online travel website, and with other tourism companies.
Sports Events 365, the international provider of tickets for sports and music events worldwide, through its Chinese brand PiaoYou365, has entered the Chinese market and is predicting it could become the company’s largest market, already in 2019. The Israel-based company, a leading force in the secondary ticket market for sporting events of global interest, has teamed up with CTRIP, China’s leading online travel company, to offer tickets on the site using Sports Events 365’s independent and self-owned, destination-based database and search engine.
Sports Events 365 has also initiated activity on a B2B basis with 20 Chinese tourism and sports tourism companies that will purchase tickets directly from Sports Events 365 on a permanent basis. The B2B activity is still at a very preliminary stage and has only started to tap the huge potential of the Chinese market, where there is tremendous interest in sporting events.
“We expect sales in China to reach $2 million to $3 million in 2019, which would make that market our largest,” predicts Sefi Donner, founder and CEO of Sports Events 365. He adds that the Chinese are particularly interested in football in England, Spain and Italy as well as American sporting events, primarily basketball.
Sports Events 365 will also develop its Chinese office by increasing the number of local employees who will be able to deal with the increased demand during convenient hours, thus supporting the Chinese language website piaoyou365.com.
Additionally, Sports Events 365 plans to establish a web hosting infrastructure in China that will expand the reach of the Chinese website to the local users.
The company participated for the first time at the annual China Outbound Travel and Tourism Market (COTTM) exhibition in Beijing, the leading foreign tourism event in China, which took place in mid-April.