xinhua silk road logo xinhua silk road logo
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

maritime silk road search
Company

Ctrip Q2 revenue surges as int'l business expands

September 10, 2019


Abstract : China's online travel agency Ctrip reported a 19 percent increase in revenue for the second quarter of this year, beating market expectations.

SHANGHAI, Sept. 10 (Xinhua) -- China's online travel agency Ctrip reported a 19 percent increase in revenue for the second quarter of this year, beating market expectations.

Transportation ticketing and accommodation reservations made up the majority of the company's total Q2 net revenue of 8.7 billion yuan (about 1.2 billion U.S. dollars), according to a financial report released Tuesday.

Q2 operating profits reached 1.3 billion yuan, up 84 percent year on year.

The Shanghai-based company saw a robust growth in its international businesses during the period, which accounted for 35 percent of the total revenue.

Chinese made about 81.3 million outbound trips in the first half of this year, up 14 percent year on year, said an earlier report from the China Tourism Academy.

Ctrip predicted a year on year growth rate of up to 15 percent for its net revenue in Q3.

According to Ctrip's CEO Sun Jie, the company is confident about the long-term prospects of the global tourism industry.

"We will continue to expand the range of our products, provide higher quality services and enhance our brand influence both at home and abroad," Sun said.


Scan the QR code and push it to your mobile phone

Keyword: Ctrip

Reading:

China records surging travelers to Central, Eastern Europe

Ctrip closes a partnership to bring Chinese tourists to Sicily

Chinese travelers report robust summer overseas trips

Ctrip expands investment in Indian travel market

Big data report on tourism under BRI unveiled in Beijing

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial