Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
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

Xinhua Silk Road Database
Company

Ctrip Q3 nets RMB1.6 bln on tourism recovery in China

December 02, 2020


Abstract : China's online travel agency Ctrip realized a net profit of 1.6 billion yuan in the third quarter of 2020, marking the first profitable quarter since the outbreak of the pandemic, the Xinhua-run Shanghai Securities Journal reported on Wednesday.

d0def2d81871b65df7c99d8418e402ca.png

BEIJNG, Dec. 2 (Xinhua) -- China's online travel agency Ctrip realized a net profit of 1.6 billion yuan in the third quarter of 2020, marking the first profitable quarter since the outbreak of the pandemic, the Xinhua-run Shanghai Securities Journal reported on Wednesday.

According to the financial report released on Wednesday, the company registered a net revenue of 5.5 billion yuan in the third quarter, hiking 73 percent from the previous quarter. 

The company attributed the growth of net revenue to the effective control of the COVID-19 pandemic in China and the strong recovery of inter-provincial travel activities in the country, . 

During the period, its domestic business showed a strong momentum of recovery.

The company's revenue related to accommodation reservation reached 2.5 billion yuan in the quarter, up 98 percent on quarter, while its transportation ticketing revenue amounted to 1.9 billion yuan, up 66 percent on quarter.

(Edited by Yang Yifan with Xinhua Silk Road, yangyifan@xinhua.org)

Scan the QR code and push it to your mobile phone

Keyword: Ctrip

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.

Identifying code 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 silkroadweekly@xinhua.org 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