Where Can Ctrip’s Growth Come From In The Next 5 Years?
Ctrip had one of its best years in terms of performance in 2015 with an over 40% growth in revenues and over 900% growth in net income attributable to shareholders. Looking at the company’s consolidation efforts in the domestic front and alliances with global leaders, it seems the company is ready to soar even higher this year. Expedia sold its 62% stake in eLong, and Ctrip bought a ~40% stake in eLong, and entered into a partnership with Expedia, as well. In October 2015, Ctrip completed a share exchange transaction with Qunar’s backer, Baidu. Ctrip can own a 45% stake in Qunar post the completion of the transaction. Additionally, Ctrip’s partnership with Priceline had strengthened in 2015 and Priceline currently has the option of owning a ~ 15% stake in Ctrip. In January 2016, Ctrip made an investment of $180 million in India’s largest OTA, MakeMyTrip, through convertible bonds. In addition, Ctrip can acquire MakeMyTrip’s shares in the open market and own up to a 26.6% stake in the company. We expect Ctrip’s growth story to continue over the next five years.
Have more questions about Ctrip? See the links below.
- What Is Ctrip’s Revenue And EBITDA Breakdown?
- How Has Ctrip’s Revenue And EBITDA Composition Changed Over 2012-2016E?
- Ctrip Q4 2015 Pre-Earnings Report
- What Drove Ctrip’s Revenue Growth And Led To Its EBITDA Decline Over The Last Five Years?
- Ctrip: Year 2015 In Review
- Ctrip Q1 2016 Earnings Preview
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