China's Ctrip reported a 22 percent year-over-year increase in fourth-quarter corporate travel revenues - Business Travel News

Share this page

Business Travel Supplier Directory

Text size: A A A

NewsLog
RSS

February 01, 2013 - 09:35 AM ET

China's Ctrip reported a 22 percent year-over-year increase in fourth-quarter corporate travel revenues to RMB58 million (US$9.2 million), "primarily driven by the increased corporate travel demand from business activities." Full-year 2012 corporate travel revenues jumped 24 percent to RMB200 million (US$31.7 million), accounting for 5 percent of total company revenue. "Ctrip corporate travel services has once again achieved strong growth by gaining more market share," said COO Jane Sun during a conference call with analysts. "We see great potential in more Chinese companies proactively managing their travel expenses. Our online booking ratio was over 50 percent in the fourth quarter." For corporate travel in the current quarter, Ctrip expects growth "will be largely in line with the air ticketing business, which is 15 percent to 20 percent," said deputy CFO Jenny Wu.

This page is protected by Copyright laws. Do Not Copy. Purchase Reprint

Leave your comment:

Comments

blog comments powered by Disqus
Related NewsLog
Alaska Air Group on Thursday reported its fourth-quarter net income as $148 million,... read more »
American Express in the fourth quarter of 2014 reported $594 million net income for card-billed business in its Global Commercial Services division... read more »
The average daily rate at U.S. hotels in December increased 4.3 percent year over year to $113.42,... read more »
Adelman Travel acquired Dallas-based travel agency Plaza Travel,... read more »
Consolidated airline ticket sales among U.S. travel agencies in 2014 rose 4 percent year over year to $89.6 billion,... read more »
Delta Air Lines in December was the most punctual major U.S. carrier, with an on-time arrival rate of 84.8 percent,... read more »
Direct Travel announced the acquisition of Bloomington, Ill.-based Suzi Davis Travel,... read more »
SAP on Thursday completed its $8.3 billion acquisition of Concur,... read more »
October air transactions processed by mega travel agencies and settled through ARC rose 4 percent year over year,... read more »
Direct Travel acquired Peak Travel Group, a San Jose, Calif.-based travel management company with $185 million in annual sales volume.... read more »
Total revenue for Serko increased 50 percent year over year for the six months ending Sept. 30,... read more »