Ctrip, Asia's leading online travel agency today announced the celebration of its15th Anniversary of its listing on NASDAQ. To commemorate the occasion, the company remotely rang the NASDAQ opening bell in Shanghai. Since its listing on December 10, 2003, this is the fourth time that Ctrip was invited to NASDAQ’s opening bell.
From a business perspective, the company has extended its business scope from initially providing flight services and hotel reservations to become a one-stop travel platform with more than 60 products and services covering all aspects of tourism from corporate travel, high-speed rail, transportation, car rentals, financial services and more.
Ctrip Group has rapidly accelerated its international strategy through the development of its Skyscanner and Trip.com brands that represent about 90 million active global users while in China through Ctrip and Qunar represents 100 million Chinese users. Ctrip now has more than 1.4 million hotel resources around the world, nearly 1000 international airlines and air ticket suppliers as well as oversea call centers in Edinburgh, Seoul and Tokyo. Ctrip Group will continue to explore overseas markets.
China’s travel market is huge and the online travel market still holds great potential, with total transaction volume predicted to exceed RMB 1000 billion by 2020, eventually reaching 15.2% market penetration.
As an important leader, Ctrip will fully grasp the opportunity to further implement its globalization strategy and continue to penetrate China’s lower-tier-cities. Customer service and innovation are key factors for Ctrip to continue to empower the travel industry through focusing on innovation, technology and ensuring that young talents are able to reach their full potential.
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