|Bid||0.00 x 2900|
|Ask||0.00 x 900|
|Day's range||34.10 - 35.24|
|52-week range||25.93 - 46.50|
|Beta (3Y monthly)||1.60|
|PE ratio (TTM)||49.20|
|Earnings date||13 Nov 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||41.30|
James Liang, Co-Founder and Executive Chairman of Ctrip Group, today attended the 6th World Internet Conference in Wuzhen, where he stressed the importance of maintaining a young, skilled and entrepreneurial talent pool into the future. For China, he says, the future of innovative capacity depends largely on the ability of policymakers to ensure that the country’s workforce maintains its vitality, or risk losing its competitive edge. Liang, an accomplished Internet business leader and renowned demographer, has spoken at length on the relationship between talent retention and innovative capacity of national economies.
International travel service provider Trip.com recently sent volunteers to SDN 042 Palembang, South Sumatra to provide haze management guidance. Stanly Fredrik Napoleon, General Manager of Indonesia, Trip.com, said that this was Trip.com’s way of supporting victims in the local community. The haze that blanketed the whole of Sumatra Island, as well as neighboring countries such as Malaysia and Singapore, hampered student activities.
Trip.com General Manager of Destination Marketing Edison Chen and Ctrip Area General Manager Ru Yi both spoke at the convention, which the Asian travel sector's premier annual trade fair, akin to its parent trade show ITB Berlin. This marks the third year that Ctrip Group has participated in and sponsored the exhibition held annually in Singapore, which last year attracted over 1,000 exhibitors, 1,000 buyers and 11,000 attendees. As an industry leader, representatives from Ctrip Group this year took to the stage to share the company's experiences with peers at the travel industry's largest gathering in the region.
Ctrip Group, Asia’s largest online travel agency, today signed a memorandum of understanding (MOU) with JR Kyushu Railway Company (below:JR Kyushu), in a partnership that promises to drive Chinese and foreign tourism to the Kyushu region. For Ctrip, the co-operation marks the company’s second with JR Railways, having signed an agreement with JR East in April 2018. JR Kyushu Railway Company Senior Managing Executive Officer Mr. Yohji Furumiya and Ctrip Chief Marketing Officer Mr. Bo Sun signed the agreement at a ceremony held on at Ctrip Headquarters.
Chinese organisers on Wednesday cancelled a fan event on the eve of a National Basketball Association (NBA) exhibition game in Shanghai, the latest fallout in a growing dispute over a tweet by a team official supporting the recent protests in Hong Kong. Chinese sponsors and partners have been cutting ties with the NBA after the Twitter post by Houston Rockets General Manager Daryl Morey last week supporting anti-government protests in the Chinese-ruled city.
Ctrip Co-founder and Executive Chairman James Liang today met with Philippines Secretary of Tourism Bernadette Romulo-Puyat. The pair discussed areas for collaboration ranging from destination marketing to strategies for improving customer service and safety for travelers to the Philippines and the wider South-East Asia region. The Philippines is an archipelagic state made up of over 7000 islands.
** Centene Corp and Wellcare Health Plans Inc have agreed to sell Wellcare's Missouri and Nebraska Medicaid plans for people with low income to Anthem Inc , as the companies look to close their $15.27 billion deal. ** Thyssenkrupp will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as the closely-watched auction gathers pace regardless of the planned ousting of CEO Guido Kerkhoff. ** Chinese internet search giant Baidu Inc will sell nearly a third of its stake in online travel firm Ctrip.com International Ltd, aiming to raise about $1 billion as it looks to invest in new revenue streams.
Ctrip Group, Asia’s largest online travel agency, signed a strategic partnership agreement with Okura Nikko Hotel Management to promote Japan and the hotel group by launching an exclusive Okura Nikko flagship store. Okura Nikko Hotel Management will be the first hotel group in Japan to sign a partnership agreement with Ctrip, whose international hotel business just completed a successful second quarter, with a growth rate that doubled that of the China outbound traffic growth in the same period.
Jane Sun, CEO of Ctrip.com, International Ltd. today spoke at the Milken Institute Asia Summit 2019, where she expressed optimism for continued growth in the Chinese tourism economy, and offered her company’s resources to international partners looking to enter the Chinese market. Ms. Sun was joined by a panel of China hands and accomplished investors, including SupChina CEO Anla Cheng, Clearwater Funds Co-Founder Robert Petty, Fitch Ratings Senior Director Grace Wu, and CITIC Capital CEO Yishen Zhang. Ms. Sun said that she is confident in the overwhelmingly positive outlook for the tourism sector.
Ctrip.com International, Ltd., Asia’s largest online travel agency, today signed an agreement with Oita tourism bureau to cooperate in the promotion of inbound tourism to the region. Oita Tourism Bureau is the first municipality in the Kyushu region to sign an agreement with Ctrip. Home to famous hot spring resorts such as Yufuin and Beppu, Oita prefecture hosted 1.38 million foreign guests in 2017, an increase by 67.7% compared to the previous year, denoting the highest growth rate among all prefectures nationally for that year.
Ctrip, Asia’s largest online travel agent, has formally signed a strategic co-operation agreement with Morocco’s National Tourism Office to boost Chinese tourism to Morocco. Official attendees included Mr. Mohamed Sajid, Minister of Tourism, Air Transport, Handicrafts and Social Economy, and Mr. Adel El Fakir, Director General of Morocco’s National Tourism Office.
Today the world’s biggest tourism companies including Ctrip and Skyscanner announce a partnership with His Royal Highness The Duke of Sussex to launch Travalyst - a unique sustainable travel initiative. Travalyst will address the pressing issues in world travel: minimizing environmental impact, ensuring that local communities grow sustainably, supporting charitable initiatives, fostering cross-cultural exchange, and deepening mutual understanding between travelers and their hosts. Ctrip is a founding member of the initiative and played a key role in its inception.
Ctrip.com International, Ltd. Asia’s largest and the world’s second largest online travel agency, signed an agreement with Aichi prefecture to cooperate in promoting inbound tourism to the region. Ctrip so far has signed five agreements with local governments and organizations, including the Osaka Convention & Tourism Bureau and Hokkaido Tourism Organization. Japan has been a popular destination for Chinese tourists in recent years, with the total number exceeding 8 million in 2018, which represents an increase by 13.9% from the previous year.
Jane Sun, CEO of Ctrip.com, International Ltd. (CTRP), and David Rubenstein, Co-Chairman of The Carlyle Group, recently met at the 2019 Aspen Action Forum in Aspen, Colorado, USA. The successful American financier invested in Ctrip shortly after the company’s listing on NASDAQ in 2003, at the time with a valuation of around USD $100 million, which he would later sell for a four-to-five hundred percent profit. In the time since Mr. Rubenstein’s initial investment in 2003, Ctrip’s market capitalization has grown exponentially, becoming the largest online travel agent in China and Asia.
Ctrip, the largest online travel agency in Asia today announced a strategic partnership with Sicily that promises to bring a bigger share of the world’s largest outbound tourism market to the Mediterranean island. In the presence of Michele Geraci, Undersecretary of State for International Trade and Investment Attraction at the Ministry of Economic Development, Ctrip Chief Marketing Officer Bo Sun, the Region of Sicily, represented by Gaetano Armao, Regional Councilor for Economy and Vice-President of the Region of Sicily, and Lucia Di Fatta, General Director of the Regional Department of Tourism, Sport and Entertainment, on behalf of Councilor Manlio Messina, exchanged letters of mutual appreciation and support for a strategic partnership between Ctrip and the local industry, represented by Alessandro Albanese, President of Sicindustria and Francesco Picarella, President of Confcommercio Sicilia.