The Chinese Ctrip wins more than 900 million in the second quarter, 13% more

Chinese online travel agency Ctrip has earned 7.3 billion renminbi (918 million euros) during the second quarter of the year, 13% more than in the same period last year and 9% more than the first quarter of the year. course.

Revenue from travel management increased during the second quarter with respect to the same period of the previous year. Specifically, revenues from accommodation bookings grew by 21%, ticket sales by 1%, tour package tickets by 31% and corporate travel by 28%.

In this quarter, the company increased expenses by 11% after product development, which represented the investment of 31% of revenues, while marketing expenses increased by 9% and administration expenses by 12%.

The operating profit of the second quarter of the agency was 10% higher than in the same period of 2017 and 9% higher than in the previous quarter, while gross margin stood at 80%, 3% lower than in past year.

For the third quarter of 2018, Ctrip expects profits to continue growing at an annual rate of 13% -18%.