Ctrip CEO offers access to China for global partners
19 September 2019 - 8:51PM
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.
The panel's discussion was primarily concerned with the future
of the Chinese investment environment, and the question of whether
growth could slow as a result of trade tensions.
Ms. Sun said that she is confident in the overwhelmingly
positive outlook for the tourism sector. “The Chinese tourism
industry continues to experience constant, exponential growth,” she
said. “Last year, we sold 700 million high speed railway tickets,
350 million airplane tickets, and 350 million hotel rooms.”
External indicators, too, point to sustained growth for the
tourism industry. According to UNWTO statistics, in 2018, 150
million Chinese travellers went abroad, contributing USD $250
billion to the global economy. These figures have grown
exponentially over the past two decades, and will continue to do
so, said Sun, as 66 million households join the middle class and
passport ownership doubles over the next decade.
But it’s not just the travel industry that will reap the
benefits of a growing middle class, said Ms. Sun. "With growth,
more and more foreign investors are going to want to be a part of
this booming economy, ” said Sun. As a company based in China with
a global vision, Ms. Sun said that in the same way Ctrip has
benefited from forging partnerships globally, her company would be
well-placed and willing to offer its assistance to new entrants to
the Chinese market. “Openness, whether for a company or a country,
enables us to serve our customers better. Locals know the market
best, and we welcome global firms to access our platform of 300
million registered users, so that we can all become stronger,
together.”
Against the backdrop of intermittent unrest and international
tensions, Ms. Sun highlighted the role that companies like hers
have to play in helping to break down barriers to trade, exchange
and investment, and deepening understandings between nations. “The
United States, as well as Australia, Italy, the UK, France, Germany
and Spain are among the top destinations for Chinese travellers,”
she said. “Travel is such a great way to bring people from
different countries and backgrounds together, to educate one
another, breakdown barriers, and avoid misunderstandings. I believe
that it is our duty to enable as many people as possible to have
this opportunity.”
As Ctrip continues to expand its reach both domestically and
abroad, the company looks forward to forging meaningful
partnerships, to better serve its hundreds of millions of customers
in more ways than ever before.
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
A photo accompanying this announcement is available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/0d18db70-1b62-4b1a-b0e2-656075d15ba3
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