Ctrip reports strong growth

September 4, 2017 by  
Filed under News, North Asia, tour operators

SHANGHAI, 4 September 2017: China’s mega travel corporation Ctrip reports strong financial results in the second quarter of 2017 with net revenue increasing 45% year-on-year to RMB6.4 billion (USD946 million).

The unaudited results revealed Ctrip’s accommodation reservation business delivered healthy growth. Revenue for the second quarter of 2017 reached RMB2.3 billion (USD341 million), representing a 30% increase from the same period of 2016

The transportation ticketing business also continued its strong growth. Revenue for the second quarter of 2017 reached RMB3.0 billion (USD441 million), representing a 49% increase from the same period of 2016, primarily driven by an increase in ticketing volume and the consolidation of Skyscanner’s financial results since December 31, 2016. Read more