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China Hotel and Tourism News

Saturday, August 11, 2007

Online travel bookings boom in China

China's leading online travel agent, Ctrip.com, reported stronger than expected second quarter results this week, indicating growing interest in online flight, hotel and vacation package bookings in the world's most populous nation. Ctrip's Net revenues jumped 52 per cent year-on-year to $37.8m. Ctrip's strongest growth was in air ticket sales, which rose 67 per cent over the past year. The company sold about 2.55 million air tickets during the three months from April to June,