Triple-Digit Growth: Ctrip Reports Record-Breaking Surge in Travel Demand During Chinese National Day Holiday
Ctrip Raises Business Outlook with triple digits growth registered during Chinese National Day.
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$Trip.com Group Limited(TCOM)$
Ctrip’s strong growth during the Chinese National Day holiday shows a bright future for the company. With travel orders surpassing pre-pandemic levels and more tourists from smaller cities, the demand for travel is rising quickly. The return of flights, stable prices, and an increase in family and international trips suggest this trend will continue. As tourism picks up both in China and globally, Ctrip is in a good position to grow its business and increase revenue in the coming months.
1. Inbound tourism daily growth rate: Nearly 80% during the National Day holiday.
2. Foreign tourists staying over 7 days: Over 50%.
3. Year-on-year growth in inbound tourism orders from countries like Italy, Malaysia, Russia, and the US: More than 3 times (300%).
4. Daily outbound tourism orders for fourth- and fifth-tier city residents: Fourth-tier cities increased by 1 time (100%), and fifth-tier cities increased by 3 times (300%).
5. Parent-child family travel average spending: More than 2 times (200%) higher than the overall average.
6. Year-on-year growth in car rental orders among Generation Z (00s): 115%.
7. Year-on-year growth in new energy vehicle orders among young tourists: 72%.
8. Red tourism orders: 70% year-on-year increase.
9. Daily county-level tourism orders: 40% year-on-year growth.
10. Top 10 fastest-growing county-level destinations: Each grew by over 4 times (400%).
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