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Ctrip Reports Q1 Revenue Of $49M 

CTRP, Ctrip, Internet, hotel, travel

Posted by: Megan Ko on May 15, 2008 | 10:05

Editorial Summary

Online travel services provider Ctrip (Nasdaq: CTRP) announced first quarter results after market on Wednesday. Net revenues were $49 million, up 47 percent year-on-year and down four percent from the previous quarter. Net income came in at $14 million, up 52 percent year-on-year and down 27 percent from the fourth quarter. Revenue from hotel reservations was $24 million, up 28 percent from the year-ago period and down 13 percent quarter-on-quarter. Air ticket booking revenues totaled $23 million, up 68 percent year-on-year and 3 percent quarter-on-quarter.

Ctrip expects approximately 30 percent of year-on-year revenue growth in the second quarter.



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CTRP, Ctrip, Internet, hotel, travel

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