$TRIP.COM-S(09961)$ This morning, Ctrip released its interim report, with Q2 revenue of 12.79 billion, up 14% year-on-year; earnings per share of 7.25 yuan, up 41.8% year-on-year, far exceeding expectations.
Among the major businesses, transportation ticketing is not very good, mainly because of the heavy discounts on air tickets; but hotel revenue is +20%, travel and vacation +42%, and business travel (business trips) +8.4%, all very good. The best of them is overseas business, with international platform revenue +70%.
Tourism is still a good track, so Ctrip enjoys a relatively high valuation, up nearly 10%...
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