Issue 1115

16th May 2015

  • Ctrip stress

Shares in China’s largest travel booking website Ctrip tumbled on news of lower profits. The US listed company said increasing competition is eroding margins, reports Bloomberg.Hotel reservations account for around 40% of sales, and rose 56% in volume in the last quarter, to USD155m. Ctrip is now chasing extra business in second tier cities.
Read the full story here:
http://www.bloomberg.com/news/2014-11-28/ctrip-plunges-in-new-york-on-profit-margin-concern.html

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