|Bid||35.82 x 3000|
|Ask||36.02 x 1000|
|Day's Range||35.32 - 36.13|
|52 Week Range||25.00 - 46.50|
|Beta (3Y Monthly)||1.47|
|PE Ratio (TTM)||50.72|
|Earnings Date||Nov 5, 2019 - Nov 11, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||42.80|
Online travel agent Ctrip CTRP reported 18.8% revenue growth in the second quarter, in line with its guidance midpoint of 18.5% but lower than Meituan's 43% growth in the in-store, hotel, and travel segment and Tongcheng-Elong's 21% growth. For the third quarter, the company expects revenue growth of 10%-15%, lower than the second quarter's growth due to weak macroeconomics.
As the Chinese travel market becomes more saturated, CTrip’s revenue growth has slowed. Still, the company said its international hotel and air business had strong momentum in the second quarter.
Ctrip.com International, Ltd., Asia’s largest online travel agency, today signed an agreement with Oita tourism bureau to cooperate in the promotion of inbound tourism to the region. Oita Tourism Bureau is the first municipality in the Kyushu region to sign an agreement with Ctrip. Home to famous hot spring resorts such as Yufuin and Beppu, Oita prefecture hosted 1.38 million foreign guests in 2017, an increase by 67.7% compared to the previous year, denoting the highest growth rate among all prefectures nationally for that year.
Ctrip.com International (NASDAQ: CTRP ) reported second-quarter earnings of 33 cents per share on Monday, beating the consensus estimate of 29 cents. This is a 13.79% increase over earnings of 29 cents ...
Cindy Xiaofan Wang, Ctrip's chief financial officer, says the hit from 'short-term macro and industry headwinds' could amount to a drop in revenue of 400 to 500 basis points for the online travel giant.
What's in a name? Ctrip will become the third major online travel agency to change its name since 2018. The new proposed brand for the Shanghai-based company would be Trip.com Group Ltd. That follows the Priceline Group rebranding to Booking Holdings in 2018, which was followed shortly thereafter by Expedia Inc. becoming Expedia Group. So […]
SHANGHAI , Sept. 9, 2019 /PRNewswire/ -- Ctrip.com International, Ltd. (Nasdaq: CTRP) ("Ctrip" or the "Company"), a leading provider of online travel and related services, including ...
SHANGHAI, Sept. 9, 2019 /PRNewswire/ -- Ctrip.com International, Ltd. (CTRP), a leading provider of online travel and related services including accommodation reservation, transportation ticketing, packaged tours and in-destination services, corporate travel management, and other travel-related services ("Ctrip" or the "Company"), today announced that it will hold an annual general meeting of shareholders at Building 16, 968 Jin Zhong Road, Shanghai 200335, People's Republic of China, on October 25, 2019 at 12:00 pm (Shanghai/Hong Kong time). The Company proposes to change its name from "Ctrip.com International, Ltd." to "Trip.com Group Limited" subject to approval by vote at the annual general meeting.
On Monday, September 9, Ctrip.com International (NASDAQ: CTRP ) will release its latest earnings report. Check out Benzinga's preview to understand the implications. Earnings and Revenue Analysts predict ...
Ctrip, Asia’s largest online travel agent, has formally signed a strategic co-operation agreement with Morocco’s National Tourism Office to boost Chinese tourism to Morocco. Official attendees included Mr. Mohamed Sajid, Minister of Tourism, Air Transport, Handicrafts and Social Economy, and Mr. Adel El Fakir, Director General of Morocco’s National Tourism Office.
Today the world’s biggest tourism companies including Ctrip and Skyscanner announce a partnership with His Royal Highness The Duke of Sussex to launch Travalyst - a unique sustainable travel initiative. Travalyst will address the pressing issues in world travel: minimizing environmental impact, ensuring that local communities grow sustainably, supporting charitable initiatives, fostering cross-cultural exchange, and deepening mutual understanding between travelers and their hosts. Ctrip is a founding member of the initiative and played a key role in its inception.
In March 2019, Ctrip.com International, Ltd. (NASDAQ:CTRP) announced its earnings update. Overall, analysts seem...
(Bloomberg Opinion) -- Investors celebrating Meituan Dianping’s first quarterly profit have as much reason to cheer how the company got there as the numbers themselves.Surging revenue, market-share gains against rivals such as Alibaba Group Holding Ltd. and success in controlling expenses all helped the Chinese food delivery and bookings provider post net income of 877.4 million yuan ($124 million) versus the 1.57 billion yuan loss analysts were expecting. Most encouraging, though, may be the signs that the company is creating the kind of virtuous cycle enjoyed by Amazon.com Inc.Meituan’s business model is simple and familiar. Restaurants use the company to sell food. Meituan aggressively chases both consumers and merchants. Customers keep coming back because they know they’ll find a wide range, good prices and quick delivery. The more that food buyers flock to Meituan, the more restaurants realize they need to be on the platform.Then comes the real magic. To get ahead of the competition, restaurants find they need to up their game by advertising or paying for priority listings. Because others are doing it, rivals have to as well. And so the cycle goes. That should sound familiar because it’s precisely what Amazon has been doing for years. My colleague Shira Ovide summed it up last month with a column titled: Amazon Advertising Is Just a Toll in Disguise. In just two years, the proportion of Amazon’s sales from advertising almost doubled to 4.7%. If you strip out the Amazon Web Services cloud and subscription businesses, the percentage contribution would be even higher.At Meituan, online marketing services climbed to 8.6% of revenue from its food delivery business in the most recent period, from 5.4% a year earlier. Food delivery remains the company’s biggest and fastest-growing business, accounting for 57% of revenue, yet its travel and hotel-bookings division is no slouch at 43% growth from a year earlier and with an 89% gross margin.Just as Amazon is enjoying tidy growth and profit at non-core businesses, Meituan appears to be having success in leveraging its relationship with food-delivery consumers to help them book holidays and hotels. While Alibaba-backed ele.me is Meituan’s chief rival in food, the travel division puts it head to head with Ctrip.com International Ltd.A concern for investors has been the cost of gaining such traction and fighting off competitors. The company fought bitterly with ele.me to gain users, merchants and delivery riders. Meituan’s second-quarter numbers indicate this rivalry may have slowed. Sales and marketing expenses dropped as a ratio of revenue, helped greatly by declining proportions for driver costs and user incentives. Such pragmatism has become a feature: The company scaled back its bike-rental business last year and the stock has been rewarded accordingly. Meituan shares have gained more than 70% in Hong Kong this year, and climbed as much as 7.7% to a record on Monday.If the company can remain nimble enough to seize new opportunities and ditch failures, there’s a good chance it’ll ride out China’s economic slowdown and emerge as dominant as Amazon is in the U.S. (Corrects the second-last paragraph to more accurately characterise Meituan’s presence in the bike-rental business.)To contact the author of this story: Tim Culpan at firstname.lastname@example.orgTo contact the editor responsible for this story: Matthew Brooker at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Tim Culpan is a Bloomberg Opinion columnist covering technology. He previously covered technology for Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Ctrip.com International, Ltd. Asia’s largest and the world’s second largest online travel agency, signed an agreement with Aichi prefecture to cooperate in promoting inbound tourism to the region. Ctrip so far has signed five agreements with local governments and organizations, including the Osaka Convention & Tourism Bureau and Hokkaido Tourism Organization. Japan has been a popular destination for Chinese tourists in recent years, with the total number exceeding 8 million in 2018, which represents an increase by 13.9% from the previous year.
As required by rules of the United States Securities and Exchange Commission (the "SEC"), the Company will file a Tender Offer Statement on Schedule TO today. In addition, documents specifying the terms, conditions and procedures for exercising the Put Right will be available through the Depository Trust Company and the paying agent, which is The Bank of New York Mellon.
Skyscanner, owned by Chinese travel giant Ctrip, will close Trip by Skyscanner next month, marking the end of the user-generated travel planning mobile app and website founded in 2010 under the brand Gogobot. Skyscanner pulled the plug at a time when consumers don't want to visit yet another travel website when they already visit so […]