Ctrip.com International
From China Stock Market
Contents |
CTRP
Ctrip.com International, Ltd., through its subsidiaries, provides travel-related services, including hotel reservation, air ticketing, packaged tour services, Internet-related advertising, and other related services in China. It also engages in hotel management operations, business travel service, limo rental service and credit card etc.
Ctrip.com is headquartered in Shanghai, China. It is the largest online travel service provider / agent in China.
How to Invest
Ctrip.com trades on the Nasdaq stock exchange under ticker symbol CTRP.
Competitors
eLong.com is the primary competitor in China's online travel service provider business. Smaller domestic competitors also include private company Mango City and Travel Sky.
The airlines could be potential competitors as they ramp up direct sales approach in the future. (Think Southwest Airlines in the United States.)
Key Development
May, 2007: reports first quarter result 49% yoy revenue growth. transcript at Seeking Alpha. Key business metrics include average commision of about RMB$69.5 per hotel reservation and RMB$45 per airline ticket.
Jan. 24, 2007: Ctrip.com announces a partnership agreement with Microsoft's MSN China division, gaining access to over 20 million MSN Messenger users in China.
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