Ctrip Profit Soars Tenfold as Discounts, Deals Fuel Revenue
- Net income climbs as more Chinese travelers book trips online
- Deal with Qunar eases competitive pressure faced by Ctrip
This article is for subscribers only.
Ctrip.com International Ltd. profit soared almost tenfold last year as the China-based online travel-booker’s alliances and discount policies drew more customers and raised revenue.
Net income attributable to shareholders soared to 2.5 billion yuan ($387 million) in 2015, compared with 243 million yuan in the previous year, the Shanghai-based company said Wednesday in a statement. Sales rose 48 percent to 10.9 billion yuan.