--- SEARCH ---
WEATHER
CHINA
INTERNATIONAL
BUSINESS
GOVERNMENT
EDUCATION
ENVIRONMENT
CULTURE
WOMEN
BOOKS
SPORTS
HEALTH
ENTERTAINMENT
Living in China
Archaeology
Film
Learning Chinese
China Town
Chinese Suppliers
Exchange Rates
Hotel Service
China Calendar
Telephone and
Postal Codes


Hot Links
China Development Gateway
Chinese Embassies
Info
FedEx
China Post
China Air Express
Hospitals in China
Chinese Embassies
Foreign Embassies
China
Construction Bank
People's
Bank of China
Industrial and Commercial Bank of China
Travel Agencies
China Travel Service
China International Travel Service
Beijing Youth Travel Service
Beijing Xinhua Tours
Links
China Tibet Tour
China Tours
Ctrip
China National Tourism Administration

Manufacturers, Exporters, Wholesalers - Global trade starts here.
Ctrip.com Fares Well in Fourth Quarter

The rise in Chinese travelers venturing away from home helped Ctrip.com International Ltd report a 50 percent rise of net incomes in the fourth quarter over the same period one year earlier.

 

Ctrip, the top Chinese travel provider, said yesterday its revenues for the quarter were US$19.2 million, 57 percent higher than the fourth quarter of 2004, while profits reached US$7.8 million. Diluted earnings per share were 47 US cents.

 

The American depository shares of Shanghai-based Ctrip closed at US$67.00, rising 3.57 percent, in after-hours trading.

 

"We saw healthy growth across all of our service sectors, reflecting the continued momentum of our business," said James Liang, Ctrip chairman.

 

Ctrip mainly offers hotel and airline ticket-booking services and packages. The fourth quarter is usually a strong quarter for business travelers, as many travel for the holidays.

 

The company's annual revenues last year were US$64.6 million, compared to US$40 million in 2004.

 

Last year, 1.2 billion Chinese traveled, 10 percent more than in 2004, according to the National Tourism Administration,

 

However, the firm believes its overall 2006 performance will be better, predicting a 35 percent growth over 2005.

 

(China Daily February 24, 2006)

 

Cross-Straits Travel Companies to Cooperate
Online Travel Firm Revenues Grow
Online Travel Service Gets Boost
Print This Page
|
Email This Page
About Us SiteMap Feedback
Copyright © China Internet Information Center. All Rights Reserved
E-mail: webmaster@china.org.cn Tel: 86-10-88828000