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Search results for “lower-tier city”
Ctrip to use discounts to lure travelers as economy slows
11/30/2018
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9:50:50 AM
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Ctrip’s hefty cash pile gives it flexibility to target specific markets within China with advertising and attract customers with special deals and lower prices, said CFO Cindy Xiaofan Wang.
Ctrip embarks on hotel operation, Xiaozhu gets $300 million funding, and more
10/18/2018
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8:22:02 AM
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High-speed railway passenger volume increased by more than 50% year-on-year during China’s National Day holiday, Airbnb rival Xiaozhu has pocketed $300 million for beefing up security and services.
Ctrip's Q3 net revenue increases by 15% year-on-year
11/08/2018
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11:57:33 AM
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Ctrip's accommodation reservation revenue for the third quarter of 2018 increased 21% to $528 million, transportation ticketing revenue rose 6% to $527 million.
Ctrip net revenue rises 13% to $1.1 billion, accommodation revenue climbs 21%
09/06/2018
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6:43:10 AM
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Ctrip's accommodation reservation revenue for the second quarter of 2018 rose 21% to USD 425 million, transportation ticketing revenue increased 1% to USD 457 million.
Is Ctrip gearing up for a two-sided marketplace? No, says Jane Sun
09/20/2018
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10:10:03 AM
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Ctrip's CEO acknowledges that it is vital for the group to sustain the stickiness of its platform. Rather than operating a two-sided marketplace, the team is optimistic about sustaining its growth based on its core strengths - Ctrip's team, data prowess, service delivery etc.
A fascinating tussle brews for outbound hotel distribution pie in China
07/13/2018
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8:03:20 AM
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The battle to target a bigger pie of the outbound business featuring travelers from lower-tier cities in China is getting intense.
China’s big 5 hotel platforms have 96% of the market
08/31/2018
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9:42:14 AM
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Ctrip, Meituan, Qunar, Tongcheng-eLong and Fliggy accounted for 96.4% of online hotel bookings in the second quarter.
Ctrip records $10m offline daily sales, Alibaba invests in FunNow, and more
08/19/2018
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3:54:23 PM
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Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.
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