|Bid||35.15 x 800|
|Ask||35.16 x 1800|
|Day's range||34.92 - 35.50|
|52-week range||25.00 - 46.50|
|Beta (3Y monthly)||1.47|
|PE ratio (TTM)||49.51|
|Earnings date||5 Nov. 2019 - 11 Nov. 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||42.60|
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, 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.
Jane Sun, CEO of Ctrip.com, International Ltd. (CTRP), and David Rubenstein, Co-Chairman of The Carlyle Group, recently met at the 2019 Aspen Action Forum in Aspen, Colorado, USA. The successful American financier invested in Ctrip shortly after the company’s listing on NASDAQ in 2003, at the time with a valuation of around USD $100 million, which he would later sell for a four-to-five hundred percent profit. In the time since Mr. Rubenstein’s initial investment in 2003, Ctrip’s market capitalization has grown exponentially, becoming the largest online travel agent in China and Asia.
Does the August share price for Ctrip.com International, Ltd. (NASDAQ:CTRP) reflect what it's really worth? Today, we...
Ctrip, the largest online travel agency in Asia today announced a strategic partnership with Sicily that promises to bring a bigger share of the world’s largest outbound tourism market to the Mediterranean island. In the presence of Michele Geraci, Undersecretary of State for International Trade and Investment Attraction at the Ministry of Economic Development, Ctrip Chief Marketing Officer Bo Sun, the Region of Sicily, represented by Gaetano Armao, Regional Councilor for Economy and Vice-President of the Region of Sicily, and Lucia Di Fatta, General Director of the Regional Department of Tourism, Sport and Entertainment, on behalf of Councilor Manlio Messina, exchanged letters of mutual appreciation and support for a strategic partnership between Ctrip and the local industry, represented by Alessandro Albanese, President of Sicindustria and Francesco Picarella, President of Confcommercio Sicilia.
Trip.com, an independent international brand and part of Ctrip Group, the largest online travel agent in Asia and the second largest in the world, has officially announced that Lawrence Wong will be Trip.com’s first spokesperson in Singapore and Malaysia. Starting from August 2019, Lawrence Wong will appear in advertisements for Trip.com on buses, subway stations, as well as on branded websites and mobile apps. Buses linking Singapore and Malaysia’s Johor featuring Lawrence's image will resume from the 8th of August.
Ctrip.com International, Ltd. (CTRP) (“Ctrip”), Asia’s largest online travel agency and the second largest in the world, recently held a joint ceremony at the United Nations building in Beijing in a pledge to upgrade its Global SOS Emergency Response platform. The pledge to improve the platform, which provides assistance to overseas travelers in times of crisis, was made in conjunction with the United Nations Development Programme (UNDP), the China International Centre For Economic & Technical Exchanges and the China Tourism Academy, and includes the release of a new handbook for safety for global travel.
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
Amazon's (AMZN) warehouse workers at Shakopee, MN are planning to go on a strike on the first day of Prime Day 2019 which does not bode well for the company.
Ctrip.com International, Ltd. Asia’s largest and the world’s second largest online travel agency, signed a groundbreaking agreement with Japan’s largest and oldest non-mutual private insurance provider Tokio Marine Nichido. The signing ceremony was attended by the Vice President of Ctrip Group Wang Wei, and the Managing Executive Officer of Tokio Marine Nichido, Fumiaki Yokoi. Established in 1879, Tokio Marine Nichido possesses a wealth of resources that will make important steps toward improving the safety of Japan-bound tourists.
Trip.com, Ctrip Group’s global brand, signed a strategic agreement with Hotel Shilla in Seoul. In the Memorandum Of Understanding (MOU) signed today, Trip.com and Hotel Shilla agreed to enhance their partnership with the purpose of mutual development and invigorating the tourism industry in Asia. Trip.com and Hotel Shilla will cooperate to develop and supply high level travel products and services that will include additional value for travelers.
Trip.com, an independent international brand and part of Ctrip Group, the largest online travel agent in Asia and the second largest in the world, partners Mediacorp in an extensive partnership for Star Search 2019 - Mediacorp’s iconic talent discovery platform, which has produced many popular celebrities like Zoe Tay, Chew Chor Meng, Felicia China and Romeo Tan since 1988. Star Search 2019 is the 11th edition of the show.
This week, Jane Sun, CEO of Ctrip International, met with Bulgarian President Rumen Radev during the president’s state visit to China, at Ctrip’s headquarters in Shanghai. Bulgaria is an essential participant and advocate of the cooperation between China and the Central and Eastern European countries.