|Bid||0.00 x 2900|
|Ask||0.00 x 900|
|Day's range||34.10 - 35.24|
|52-week range||25.34 - 46.50|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||49.20|
|Earnings date||13 Nov 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||41.30|
James Liang, Co-Founder and Executive Chairman of Ctrip Group, today attended the 6th World Internet Conference in Wuzhen, where he stressed the importance of maintaining a young, skilled and entrepreneurial talent pool into the future. For China, he says, the future of innovative capacity depends largely on the ability of policymakers to ensure that the country’s workforce maintains its vitality, or risk losing its competitive edge. Liang, an accomplished Internet business leader and renowned demographer, has spoken at length on the relationship between talent retention and innovative capacity of national economies.
International travel service provider Trip.com recently sent volunteers to SDN 042 Palembang, South Sumatra to provide haze management guidance. Stanly Fredrik Napoleon, General Manager of Indonesia, Trip.com, said that this was Trip.com’s way of supporting victims in the local community. The haze that blanketed the whole of Sumatra Island, as well as neighboring countries such as Malaysia and Singapore, hampered student activities.
The big shareholder groups in Ctrip.com International, Ltd. (NASDAQ:CTRP) have power over the company. Institutions...
Trip.com General Manager of Destination Marketing Edison Chen and Ctrip Area General Manager Ru Yi both spoke at the convention, which the Asian travel sector's premier annual trade fair, akin to its parent trade show ITB Berlin. This marks the third year that Ctrip Group has participated in and sponsored the exhibition held annually in Singapore, which last year attracted over 1,000 exhibitors, 1,000 buyers and 11,000 attendees. As an industry leader, representatives from Ctrip Group this year took to the stage to share the company's experiences with peers at the travel industry's largest gathering in the region.
Ctrip Group, Asia’s largest online travel agency, today signed a memorandum of understanding (MOU) with JR Kyushu Railway Company (below:JR Kyushu), in a partnership that promises to drive Chinese and foreign tourism to the Kyushu region. For Ctrip, the co-operation marks the company’s second with JR Railways, having signed an agreement with JR East in April 2018. JR Kyushu Railway Company Senior Managing Executive Officer Mr. Yohji Furumiya and Ctrip Chief Marketing Officer Mr. Bo Sun signed the agreement at a ceremony held on at Ctrip Headquarters.
Ctrip Co-founder and Executive Chairman James Liang today met with Philippines Secretary of Tourism Bernadette Romulo-Puyat. The pair discussed areas for collaboration ranging from destination marketing to strategies for improving customer service and safety for travelers to the Philippines and the wider South-East Asia region. The Philippines is an archipelagic state made up of over 7000 islands.
(Bloomberg) -- Baidu Inc. is selling about a third of its stake in online travel site Ctrip.com International Ltd., generating around $1 billion to counter a slowing economy and intensifying competition in its key advertising business.Ctrip announced Thursday a proposed secondary offering of 31.3 million American depositary shares held by Baidu. That represents around 30% of its stake in Ctrip and is equivalent to around $1 billion according to Ctrip’s current share price.Baidu will remain Ctrip’s largest shareholder. It owned a 19% stake in the company after exchanging its shares in rival travel service provider Qunar in 2015. The share swap created China’s biggest online travel agency, putting a halt to a cash-burning price war.The proceeds will come in handy for the Beijing-based company. “Baidu may use the cash to meet its operational needs as its near-term sales falter amid macro-economic and competitive pressures,” Bloomberg Intelligence analysts Vey-Sern Ling and Tiffany Tam wrote in a research note on Thursday.Baidu over the past years has sold its food-delivery arm to Alibaba Group Holding Ltd.’s Ele.me, and merged its music streaming service with Chinese record label Taihe, allowing the search giant to focus on its key units such as advertising, smart speakers and autonomous cars.More recently, the 19-year-old company has expanded its investment into content needed to attract and keep users, backing social media platforms including Q&A app Zhihu.To contact the reporter on this story: Zheping Huang in Hong Kong at email@example.comTo contact the editors responsible for this story: Edwin Chan at firstname.lastname@example.org, Colum MurphyFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Today we're going to take a look at the well-established Ctrip.com International, Ltd. (NASDAQ:CTRP). The company's...
Ctrip Group, Asia’s largest online travel agency, signed a strategic partnership agreement with Okura Nikko Hotel Management to promote Japan and the hotel group by launching an exclusive Okura Nikko flagship store. Okura Nikko Hotel Management will be the first hotel group in Japan to sign a partnership agreement with Ctrip, whose international hotel business just completed a successful second quarter, with a growth rate that doubled that of the China outbound traffic growth in the same period.
Jane Sun, CEO of Ctrip.com, International Ltd. today spoke at the Milken Institute Asia Summit 2019, where she expressed optimism for continued growth in the Chinese tourism economy, and offered her company’s resources to international partners looking to enter the Chinese market. Ms. Sun was joined by a panel of China hands and accomplished investors, including SupChina CEO Anla Cheng, Clearwater Funds Co-Founder Robert Petty, Fitch Ratings Senior Director Grace Wu, and CITIC Capital CEO Yishen Zhang. Ms. Sun said that she is confident in the overwhelmingly positive outlook for the tourism sector.
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 email@example.comTo contact the editor responsible for this story: Matthew Brooker at firstname.lastname@example.orgThis 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.