iResearch: Ctrip Income Increased rapidly in 2007
Ctrip total income reached 1.3 billion RMB in 2007
According to the latest financial results of Ctrip, total income reached 383 million RMB in Q4, an increase of 10.7% sequentially, or 58.3% YOY. The total income keeps increasing in 2007, and the annual income increased 54.1% YOY to 1.29 billion RMB.
Balanced room reserving and ticket booking business
According to the annual report, iResearch found that 51.2% of Ctrip¡¯s income was from room reserving business, while 40.3% was from ticket booking business. All the other businesses only covers 8.6% of its total income.
According to iResearch, room reserving business is Ctri¡¯s main source of income, but its share decreased from 57.0% in Q4, 2006 to 51.2% Q4, 2007. Share of ticket booking service is increasing gradually and reached 40.3% Q4, 2007.
According to latest data from iUserTracker, total visits reached 86.12 million Q4, 2007, almost the same as Q3. iResearch believes with the impact of Spring Festival Travel Season, visits will continue to increase in Q1, 2008, while the growth rate will slow down because of the snow storm.
Source : Chinatechnews - Authorization duplication : iResearch
