Qunar doubles sales as chinese seek deals
August 02, 2012 | Online Travel
Qunar.com, a Chinese online travel company part-owned by Baidu, said first-half revenue doubled as consumers used its website to search for more deals on tickets and hotels, generating higher advertising sales.
Collaboration with Baidu aided growth in user traffic at Qunar, Chief Executive Officer CC Zhuang said in a phone interview yesterday. Sales and usage of Qunar’s website doubled in the first half, Zhuang said, declining to provide figures.
Qunar’s business is weathering the economic slowdown in China and increased competition from online travel rivals including Ctrip.com International Ltd. (CTRP) (CTRP), Zhuang said. Similar to the U.S. website operator Kayak Software Corp., Qunar operates a travel search-engine for consumers and sells paid web-links to customers including airlines and hotels.
“This is one of the best years we’ve had,” Zhuang said. “Last year we more than doubled, it’s likely we will continue this very strong growth this year,” he said, referring to revenue. He declined to provide a forecast for full-year sales.
Get the full story at Bloomberg Businessweek
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