Ctrip is currently the second largest OTA in the world with a market capitalization of around $21 billion (surpassing Expedia's $17 billion). From being a regional leader in China, Ctrip now plans on a possible entry into the U.S. and a wider international reach in the future. After consolidating China's competitive online travel market, Ctrip is still focusing on continuing its discounts to the lower budget hotels in China, in order to eliminate competition from that segment. Ctrip's aggressive stance in every possible segment of its business is one of the primary reasons for its growth, which we expect to continue into the future.
Ctrip's total revenue is expected to grow at a compounded annual growth rate of around 21% from 2016 to 2023. Ctrip's dominance in China, its partnership with OTA leaders such as Priceline and Expedia, its continuous investments in its technology and offerings are some of the reasons why the company will emerge as a bigger player in the global OTA market in the future.
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Have more questions about Ctrip? See the links below.
- What Is Ctrip's Revenue And EBITDA Breakdown?
- How Has Ctrip's Revenue And EBITDA Composition Changed Over 2012-2016E?
- Ctrip Q4 2015 Pre-Earnings Report
- What Drove Ctrip's Revenue Growth And Led To Its EBITDA Decline Over The Last Five Years?
- Ctrip: Year 2015 In Review
- Ctrip Q1 2016 Earnings Preview
- Where Can Ctrip's Growth Come From In The Next 5 Years?
- Which Two Segments Are The Biggest Contributors To Ctrip's Growth?
- How Fast Is Ctrip's Hotel Revenue Growing?
- How Can Ctrip's Expansion In Geographies Like The U.S. Impact Its Share Price?
- How Did The Brexit Decision Impact Ctrip So Far?
- Ctrip Q2 2016 Earnings Preview
- Ctrip Continues Growing Though Its Bottom Line Remained Dampened Due To Investments
- What Drove Ctrip's Packaged Tour Business In Q2 2016?
- Reasons Why We Upgraded Ctrip's Stock Price By Almost 20%
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