November 13, 2018
Booking.com’s alternative accommodations listings surge
In the third quarter, Booking.com reported having 21% more global alternative accommodations listings than it reported having in the same quarter last year.Read more
Ctrip says that accommodation generated $425 million, a 21% increase over a year earlier, primarily driven by an increase in accommodation reservation volume.
Ctrip posted gains in all of its major categories in the second quarter of 2018, with total revenue of $1.1 billion, a 13% increase over the same period in 2017 and a 9% increase from the three months prior.
The biggest jump within its core business came in the packaged tour category, which posted a 31% increase in revenue year-over-year to a total of $127 million. In its earnings statement, the Shanghai-based company says the increase was “primarily driven by an increase in volume growth of organized tours and self-guided tours.”
Corporate travel revenue was also a bright spot with a 28% jump in revenue in the second quarter compared to the same period in 2017 to $38 million.
Get the full story at PhocusWire and Ctrip
Read also "Why Ctrip has to be part of a hotel distribution strategy"
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