Expedia's eLong Bumped up a Tier in Nasdaq Trading

Skift Take

Competition in the Chinese online travel market is intense these days, and eLong's transition into the highest tier on Nasdaq is just another signal that the business is maturing.

China online travel agency eLong's American depository shares start trading January 2 as part of the Nasdaq Global Select Market.

In the three-tier Nasdaq trading hierarchy, the Global Select Market is one level above the Nasdaq Global Market, where eLong previously traded. The lowest tier is the Nasdaq Capital Market.

"We are delighted that Nasdaq recognized our high quality business and governance standards by selecting eLong for inclusion in its top tier market," said Guangfu Cui, eLong CEO.

eLong's chief rival, the larger Ctrip, also trades as part of the Nasdaq Global Select Market.

Expedia Inc. is the majority shareholder in eLong, and Tencent Holdings Limited is the next largest shareholder.

Up Next

Hotels

How Data Quality Issues Impact Global Hospitality Operations

There are wide discrepancies in data quality for hotel transactions across global regions, with the largest occurring in Asia-Pacific. Because hotels and agencies need to harness data quality to thrive, they must take a more nuanced regional approach to monitoring potential issues.

Onyx CenterSource + Skift | 1 week ago

How Allegiant’s Florida Resort Became a Drain on Its Profits

Allegiant wanted to go into the hotel business with a sprawling resort in southwest Florida. Now, just over a year later, it’s looking to offload the costly hotel.

Meghna Maharishi | 6 minutes ago

Space Mountain is light up at night with Mickey Mouse and other characters standing outside it.

Tourism

Disney's Gamble: More Cruise Ships, Parks, and Premium Prices

Disney is expanding its cruise fleet and investing billions in its theme parks internationally. Yet maintaining premium pricing across a much larger footprint won't be easy.

Jade Wilson and Sean O'Neill | 24 minutes ago

Online Travel

NYC Enforcement Boss on Short-Term Rental Law: 'It's Working' - Exclusive

The short-term rental market in New York City in 2025 is largely unrecognizable when measured against the short-term rental scene in 2023. Whether that's a good or a bad thing depends on your perspective.

Dennis Schaal | 26 minutes ago

Online Travel

Trivago Pushes AI-Powered Ads, Tries to Reduce Reliance on Google

Trivago's CEO said changes to Google ads are primarily what caused repeated revenue declines over the past couple of years.

Justin Dawes | 2 hours ago

First read is on us.

Expedia's eLong Bumped up a Tier in Nasdaq Trading

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

How Allegiant’s Florida Resort Became a Drain on Its Profits

Disney's Gamble: More Cruise Ships, Parks, and Premium Prices

NYC Enforcement Boss on Short-Term Rental Law: 'It's Working' - Exclusive

Trivago Pushes AI-Powered Ads, Tries to Reduce Reliance on Google

First read is on us.
Subscribe to read more essential travel industry news.

First read is on us.

Expedia's eLong Bumped up a Tier in Nasdaq Trading

Skift Take

Up Next

How Data Quality Issues Impact Global Hospitality Operations

How Allegiant’s Florida Resort Became a Drain on Its Profits

Disney's Gamble: More Cruise Ships, Parks, and Premium Prices

NYC Enforcement Boss on Short-Term Rental Law: 'It's Working' - Exclusive

Trivago Pushes AI-Powered Ads, Tries to Reduce Reliance on Google

First read is on us.Subscribe to read more essential travel industry news.

First read is on us.
Subscribe to read more essential travel industry news.