Home World News The profit of China’s tourism market recovery platform “Ctrip” increased 6 times last year

The profit of China’s tourism market recovery platform “Ctrip” increased 6 times last year

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The profit of China’s tourism market recovery platform “Ctrip” increased 6 times last year

With the beginning of last yearpandemicAfter the lockdown was lifted, China’s tourism market gradually recovered last year, which also boosted the profits of travel platforms. The latest results released by the Chinese travel platform “Ctrip Group” show that the net operating income in the fourth quarter of last year was 10.3 billion yuan, an increase of 105% year-on-year. Overall, the net profit for the whole of last year reached 9.918 billion yuan, an annual increase of 6.07 times.

Ctrip’s share price jumped today. The stock price reached a new listing this morning, reaching a high of 349.6 yuan. By 10:30, it was up 4.83%, making it the best performing blue chip for the time being.

Detailedhong kongThe Hong Kong Economic Times and Hong Kong Economic Daily reported that Ctrip Group said its domestic and overseas business continued the strong improvement trend in the fourth quarter of last year, with net operating income increasing by more than 105% year-on-year. Hui. 10.3 billion yuan (RMB, same below) from the year before, but was affected by seasonal effects, down 25% from the previous quarter. Net profit was 1.297 billion yuan, a year-on-year decrease of 36.95%, and basic earnings per share were 1.99 yuan.

Among them, operating income from accommodation reservations was 3.9 billion yuan, an annual increase of 131%, and a quarterly decrease of 30%; Transportation ticketing operating income was 4.1 billion yuan, an annual increase of 86%, and a quarter-on-quarter decrease of 23%; Tourism and leisure business operating income was 704 million yuan, an annual increase of 329%, quarter-on-quarter decrease of 47%; Business travel management business operating income was 634 million yuan, an annual increase of 129%, quarterly increase of 7%.

Ctrip Group reported that in the fourth quarter of last year, domestic hotel bookings increased by more than 130% year-on-year, and outbound hotel and air ticket bookings reached more than 80% of pre-pandemic levels. period in 2019. Compared to the international aviation industry, passenger volume increased by 60%. Total bookings on the company’s international OTA platform increased by more than 70%.

For the full year, Ctrip Group’s net operating income was 44.5 billion yuan, an annual increase of 122%; Net profit was 9.918 billion yuan, a significant increase of 606.91% compared with the same period last year; Basic earnings per share were 15.19 yuan.

Liang Jianzhang, executive chairman of Ctrip, said that inspired by last year’s tourism boom, China has embarked on an important journey to reconnect with the world. Benefiting from the Group’s growing market influence, its international business has achieved significant growth. He also said the group will continue to focus on globalization and artificial intelligence innovation and is confident it will achieve success in 2023 and look for future opportunities.

Sun Jie, CEO of Ctrip, said that the global tourism industry has shown excellent resilience and is expected to maintain its growth trend. To catch up with this trend and create new opportunities, the Group will continue to striveinvestFocus on technology and product innovation, improve customer service, and promote the sustainable development of the tourism industry.

China

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