Digital Booking Sites

Ctrip Share Price Increases 123 Percent in 2013

Dec 24, 2013 1:00 pm

Skift Take

Competition in the China online travel market is intense, with Qunar and eLong beginning to challenge Ctrip, which is holding its own so far.

— Dennis Schaal

Evolving Strategies in Travel Ad Tech and Bookings

Shanghai-based Ctrip, the biggest online travel agency in China, gained 4 percent to $50.62, the highest close since Nov. 18. It has extended its advance this year to 123 percent.

The company invested about $110 million in eHi Auto Services, becoming the Shanghai-based car rental company’s second biggest strategic investor, eHi Executive Vice President Leo Cai said in a phone interview Dec. 20.

“The car services complement Ctrip’s travel booking and can leverage Ctrip’s user base,” 86Research Ltd. wrote in a note yesterday. “Ctrip is making solid progress toward a one- stop travel service platform.”

The Hang Seng China Enterprises Index in Hong Kong climbed 0.2 percent to 10,647.35, after sinking 3.6 percent last week. The Shanghai Composite Index advanced 0.2 percent to 2,089.71, snapping a nine-day decline.

–Editors: Marie-France Han, Rita Nazareth

To contact the reporter on this story: Belinda Cao in New York at lcao4@bloomberg.net

To contact the editor responsible for this story: Tal Barak Harif at tbarak@bloomberg.net

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