About Sinorama

Sinorama Corporation operates as a travel operator company. The company engages in the sale of self-developed products, including bus tour products and Asian tour products. The company also sells third party products (air tickets, hotel, and other travel products). The company offers travel products and services primarily through various distribution methods, such as the agency methods, online retail methods, and offline store sales methods. Under the agency methods, another travel agency acts as the agent in the transaction. It provides real-time search, pricing, booking, change and payment for travelers. The company provides integrated itinerary creation for travelers, who use the services of agency methods for both leisure and business travel. Under the online and offline sales methods, the company provides real-time search, pricing, booking, change, payment and integrated itinerary creation for travelers, who use the services of online and offline travel methods for both leisure and business travel. Bus Tour Services Bus tour services are provided primarily by local tour operators. The company conducts a process in designing travel products and services before selling these products to its customers, and participates in the design of bus tours. Asian Tour Services Asian tour services are provided primarily by cross-border travel operators. The company conducts a process in designing travel products and services before selling these products to its customers, and participates in the design of Asian tours. Third Party Products Sales The company conducts a review in selecting travel products and services before selling these products to its customers. The third-party products are derived from air ticket, hotel reservation, cruise, and insurance. Subsidiaries The company’s operating subsidiaries are Vacances Sinorama Inc. (Vacances Sinorama) and Sinorama Voyages. Vacances Sinorama is a primary integrated tour company providing bus tours, Asian tours, air tickets, hotel reservations, cruises and other travel services to its customers worldwide. Vacances Sinorama facilitates travel commerce with online and offline travel businesses, targeting both the business to customer (B2C) and the business to business (B2B) travel marketplace. Sinorama Voyages is an integrated travel company providing bus tours, Asian tours, air tickets and other services to its customers worldwide. Sinorama Voyages facilitates travel commerce with online and offline travel businesses. Sinorama Voyages is providing both the B2C and B2B travel marketplace. Sourcing Product During 2017, the company’s payments to each of the vendors represented 5% or more of its cost of goods sold, such as Flash Travel; Sinorama International Travel; Hubei Sinorama; Chongqing Yangtze Gold Cruise Co., Ltd.; and Chongqing New Century. Wholesale Distribution Majority of the company’s marketing is direct to travelers. However, it also markets to other travel agencies and aggregators. The company’s sales to related parties are made on the same terms as it offers to unrelated third parties. Strategies The company’s strategies are to expand product designation and offerings; expand languages services offerings; further improve user base and increase user engagement; strengthen supply chain management; improve online platform; continue to invest in technology and product development capabilities; and pursue strategic acquisitions. Seasonality The company has historically experienced higher revenue from bus tours between May to October of the year (year ended December 2017), and lower revenue between November to April of the following year. The company also has historically experienced higher revenue from Asian tours between April to June and between September to November of the year, and lower revenue for the rest of the year, because majority of its customers tend to travel during summer holidays. The company’s growth has tended to mask the seasonality of its business. History Sinorama Corporation was founded in 2016. The company was incorporated in the state of Florida in 2016.