Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. Ctrip.com is the Chinese version of Booking (aka Priceline) and Expedia.
Ctrip.com reported earnings on Tuesday and beat revenue and profit expectations citing a greater presence in lower-tier cities, and growth in their Ctrip-branded low-star hotels. The numbers impressed investors to the tune of a 20% increase in the stock price.
If you are like me, then you live in the future and I think Ctrip.com has a very bright future. China’s transformation to a predominantly urban society is key
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