7 November 2007
China boost travel revenue by 50 percent
China's thriving economy paved way for increase in travel and leisure rate by the close of third quarter. China's Ctrip.com, leading travel agency, raised its revenue by up to 50 percent for the last three months of 2007.
China's Ctrip.com competed victoriously in the latest stock market, garnering 21 cents for each American Share. The robust business performance of middle to upper class Chinese contributed to the increase of travel rate locally and internationally. The growing income of Chinese enabled them to afford frequent air flight fees and hotel accommodations. Families were able to spend their vacation in top tourist destinations abroad. Look at ssd performance for info on alternatives to hard drives.
Nasdaq showed that Ctrip's share rose to 60 dollars on Monday, competing impressively in the stock market. Ctrip managed to reach the $61.62 share on Tuesday. Reuters Estimates reported that Ctrip accumulated 26 cents for each American Depositary Share, outdoing the expected 22 cents share. Ctrip profited 46 million dollars at the close of September, showing flourishing travel and leisure revenues in air flight ticket sales, hotel accommodations, tour and restaurant packages.
Dramatic increase in travel activities of Chinese businessmen and families contributed greatly to the height of Ctrip revenue. Ctrip performed 84 percent better this 2007, outdoing its competitors such as eLong Inc. and Expedia Inc. Ctrip stated that it is looking forward for the revenue opportunities in the upcoming 2008 Beijing Olympics. The immensity of athletes, staff, families and supporters who will travel to China will yield more business opportunities for Ctrip.
Ctrip features a convenient package for its ticket, hotel accommodation, tour and restaurant deals. Its simple and one-stop marketing campaign helps attract busy customers.
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