Who is Ctrip, the 40 billion dollar online travel company?

Many in the west would recognize trip.com group limited (nasdaq: tcom/sehk:9961), however, ctrip changed its english name to the new one in 2019 after purchasing the namesake website in 2017, likely in an attempt to expand further abroad.

The reason, as you might have guessed, is the strong results it achieved in its first month.

It was that the online travel agency (ota) saw its share prices soar in nasdaq, mainly because of the strong results it achieved in its first month.

() the quarterly revenue was also up 23% from the previous year's forecast, with 42.8% coming from hotels and accommodation, which was 6.8 billion rmb (935.31 million usd) in q3. the group's "other market" grew by 52% yoy, with 35.5% yoy rising at 5.7 billion rmb (784.01 million usd), the highest yoy growth for the company, earning 1.23 billion rmb (169.18 million usd).

Ctrip's ctrip reported that transportation ticketing at 5.7 billion rmb (784.01 million usd) increased by 5% yoy.

As a result of the challenges faced by social media companies such as facebook, twitter, and others, otas like ctrip have been struggling to earn 15 billion rmb (2.07 billion usd) in net income in the first three quarters of this year, up from ten billion for the entirety of 2023. ctrip is growing via its international brand, the aforementioned trip.com, as the ota that holds 56.7 percent market share in china in 2023 is expanding into the travel market.

In 2025, the company's strategy against booking.com and expedia, as well as red at home, is certainly worth watching.