When you think of the leading players in online travel globally, Priceline and Expedia might be near the top of your list. But, would you immediately place Ctrip, the Shanghai-based travel agency, in the upper echelons, as well?
The answer should be “yes,” given the recent market-cap gains made by China’s dominant online travel company.
Fueled by last week’s China Lodging Group IPO and Ctrip’s investment in the hotel company, Ctrip’s stock price has been rising and its market cap April 1 stood at $5.34 billion.
Read the full story at:http://www.tnooz.com/2010/04/01/news/online-travel-powerhouses-priceline-expedia-and-ctrip/