According to the financial report, Ctrip’s international business revenue accounted for more than 35%, and the low-star hotel overnight rose by more than 50%.
On September 10, Beijing time, Ctrip announced its second quarter financial data as of June 30, 2019. According to the financial report, in the Q2 quarter of 2019, Ctrip’s net operating income reached 8.7 billion yuan, a year-on-year increase of 19%, a 6% increase from the previous month; operating profit was 1.3 billion yuan, compared with 1.1 billion yuan in the same period in 2018.
This achievement exceeds Wall Street’s expectations for Ctrip’s revenue growth of 17%-18%.
According to the Fastdata pole number report, the online travel (QTA) market transaction volume in the first half of 2019 exceeded 700 billion. Among them, “Ctrip + where to go” accounted for 55.7%; the share of flying pigs was second, 18.4%; Tongcheng Yilong accounted for 12.1%; Mei Group was 5.5%. In addition, Analysys released in the second quarter of 2019 China online accommodation booking market analysis and analysis, Ctrip market share has reached 47.5%. The financial report shows that in the second quarter, Ctrip’s accommodation booking business revenue was 3.4 billion yuan, a year-on-year increase of 21% and a quarter-on-quarter increase of 13%.
Image from Fastdata poles
In addition, the globalization strategy has also achieved results. According to the financial report, Ctrip’s international business revenue accounted for more than 35% of total revenue in the Q2 quarter of 2019. The growth rate of international hotel and international air ticket business is more than twice that of China’s outbound travel, which is benefited from Ctrip’s overseas business since 2016. Layout.
Public information shows that in January 2016, Ctrip established its Southeast Asia headquarters in Singapore. In the same year, Ctrip invested in Indian tourism company MakeMyTrip and American Chinese community, vertical and horizontal, seagull, and travel, and invested in the UK ticket search platform. In 2017, Ctrip entered into cooperation with Stenaline, the world’s largest ferry company, and acquired Trip.com and Twizzo in the same year. In January 2018, Ctrip Food Forest and OpenTable reached a cooperation.
In addition, on August 30th, Ctrip announced the completion of the equity swap transaction with Naspers Limited, becoming the largest shareholder of India’s online travel company MakeMyTrip.
Ctrip has previously disclosed that its international train ticket business has been deployed in more than 50 countries and regions, and overseas taxi service has covered more than 785 cities in 47 countries in Europe, America and Southeast Asia.
In addition, Ctrip is also working hard in the sinking market. Fastdata pole count data shows that third- and fourth-tier cities have become the most important incremental market. The financial report shows that the night of the low-star hotel increased by more than 50%.
Image from Fastdata poles
According to the data released by Ctrip earlier, its three brand stores (Ctrip, where to travel, travel know-how), the sales of the group from January to August exceeded 10 billion yuan, 4 months ahead of 2018 Ten billion goals. Ctrip also introduced that the “Ctrip Travel” brand stores have covered more than 240 prefecture-level cities and more than 450 county-level cities, and the number of stores will reach 8,000 this year.
It can be seen that Ctrip is further expanding its market share in low-tier cities in China. According to the financial report, from the store operation data, the peak value of single-day turnover in the second quarter exceeded 120 million yuan.
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