Ctrip publicity brochures
Revenues and profits from China’s major online travel business rose strongly in the second quarter of the year.
Ctrip.com saw quarterly revenue rise by 30% to $55 million, compared to the same period one year earlier.
Net profits were up 34% over the same period, reaching $17 million.
The company’s positive results were driven by a surge in online sales of air tickets.
Ticketing revenues rose 44% to $25m.
China’s increasingly affluent population is using air travel more for business trips, vacations and family visits. In addition, China has recently phased out paper tickets in favour of e-tickets, allowing ticket sales to be transacted completely online.
Apart from air ticket sales, Ctrip’s other main revenue generator is its hotel bookings business, which increased 14% over the year to $29 million.
Source: VNU Net