Ctrip's corporate travel management services generated September quarter revenues of US$9 million, up 25 percent from a year earlier. The Chinese travel company cited "increased corporate travel demand from business activities." Corporate travel services represented 4 percent of Ctrip's total revenue. The company posted net income of US$31 million, down from US$328 million in the September 2011 quarter due in part to large jumps in product development, sales and marketing expenses.
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Danny Hood, Lord Colin Marshall, Randy Smith, Jonathan Tisch and Joe Vittoria this week were inducted into BTN's Business Travel Hall of Fame.... read more »