Ctrip Group Celebrates 15th Anniversary NASDAQ Listing
11 December 2018 - 3:00AM
Ctrip, Asia's leading online travel agency today announced the
celebration of its 15th Anniversary of its listing on NASDAQ. To
commemorate the occasion, the company remotely rang the NASDAQ
opening bell in Shanghai. The bell ringing celebration ceremony,
which was attended by Jane Sun, Ctrip CEO, James Liang, Ctrip
Chairman, investors and travel partners celebrated Ctrip’s business
achievements over the last 15 years as well as the challenges it
has overcome.
Since its listing on the 10th of December 2003, this is the
fourth time that Ctrip was invited to NASDAQ’s opening bell. Adena
Friedman, CEO of NASDAQ said, “It is a great honour to share this
day with you as you celebrate 15 years of listing on Nasdaq. This
milestone is a tremendous achievement and we have certainly enjoyed
watching your business thrive. Since listing on NASDAQ, you’ve
grown to become the leading travel company in China and you have
expanded internationally through the Trip.com brand. When we look
at Ctrip, we see tremendous entrepreneur spirit and a passion for
innovation which truly inspires us.”
Photos accompanying this announcement are available at
http://www.globenewswire.com/NewsRoom/AttachmentNg/be5f79d5-0f6e-4159-a49b-e6f82ecab436
http://www.globenewswire.com/NewsRoom/AttachmentNg/87918464-3ee8-4b2e-9f13-9dae053c3342
http://www.globenewswire.com/NewsRoom/AttachmentNg/66ea4a14-af95-4e70-bdbd-63f0a9aadf52
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. Today, we generate nearly $100 billion
USD of travel related transaction value trailing twelve months as
end of third quarter 2018.
China’s travel industry has experienced a great change in the
past 15 years, as the demands and needs of travel consumers have
shifted. Ctrip has consistently refined its business model to adapt
to these trends, placing an emphasis on reshaping the tourism
industry through making advancements in services, technology and
innovation. 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 1000 billion RMB 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 stay ahead thus Ctrip
will continue to empower the travel industry through focusing on
innovation, technology and ensuring that young talents are able to
reach their full potential.
Jane Sun, CEO of Ctrip said, “Going forward, Ctrip will continue
to work with our great partners to promote the healthy development
of tourism. As the largest online travel service provider in Asia,
Ctrip currently only accounts for about 10 percent of the domestic
market, so there remains plenty of room for future
development.”
Ctrip Co-founder and Executive Chairman James Liang said, “As
the tourism industry experiences rapid growth, Ctrip will continue
to work hard to expand our scale advantage and seize the
opportunities brought by globalization so as to realize Ctrip's
long-term success. We wish to thank our partners and investors for
their support over the last 15 years and look forward to further
collaboration.”
About Ctrip.com International,
Ltd.
Ctrip.com International, Ltd. is a leading travel service
provider of accommodation reservation, transportation ticketing,
packaged tours and corporate travel management in China. It is the
largest online consolidator of accommodations and transportation
tickets in China in terms of transaction volume. Ctrip enables
business and leisure travelers to make informed and cost-effective
bookings by aggregating comprehensive travel related information
and offering its services through an advanced transaction and
service platform consisting of its mobile apps, Internet websites
and centralized, toll-free, 24-hour customer service center. Ctrip
also helps customers book vacation packages and guided tours. In
addition, through its corporate travel management services, Ctrip
helps corporate clients effectively manage their travel
requirements. Since its inception in 1999, Ctrip has experienced
substantial growth and become one of the best-known travel brands
in China.
For further information, please contact:
International PRCtrip.com International, ltd.Tel: (+86) 21 3406
4880 ext 196455Email: Pr@ctrip.com
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