How Fast Is Ctrip’s Hotel Revenue Growing?
Hotel booking contributes to around 50% of China’s leading online travel agency, Ctrip’s revenues. Though Ctrip’s top line had been growing steadily in this segment, its bottom line had remained dampened till last year on account of the fierce competition in China’s online travel domain. Ctrip had taken a few important steps to consolidate its market share in China, such as buying a 40% stake in its erstwhile competitor eLong, and buying a 45% stake in another big rival, Qunar. The company has also tied up with the top two global OTAs, Priceline and Expedia, to increase its global reach. As a result of all these actions, Ctrip’s bottom line had also started growing significantly. Currently Ctrip’s hotel revenue is growing at a CAGR of 56% over the two-year period ending 2016, while its overall revenue is growing at a CAGR of 46%.
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
- Where Can Ctrip’s Growth Come From In The Next 5 Years?
- Which Two Segments Are The Biggest Contributors To Ctrip’s Growth?
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