The big shareholder groups in Ctrip.com International, Ltd. (NASDAQ:CTRP) have power over the company. Institutions...
Tripadvisor recently laid off well over 200 employees to reboot its once-market-darling Experiences business as part of a wider reorganization. The company's share price has basically been in free fall since the summer of 2014 when it reached $110 per share. With coronavirus taking a toll in recent days, Tripadvisor's stock was trading at lower […]
TripAdvisor and Trip.com Group, the China-based online travel agency formerly known as Ctrip, entered into a global joint venture. Under the terms of the deal, the two companies formed a global joint venture under the TripAdvisor brand in China, and there are also global content-licensing agreements where Trip.com Group brands, including Ctrip, Trip.com, Qunar, and […]
Online booking companies are stepping up their efforts to sell travelers tours, attractions, events, and activities. But the travel industry's three largest online agency conglomerates — Booking Holdings, Expedia Group, and Trip.com Group — continue to have strikingly small market share in the sector. Some industry observers assumed the giants would swoop in. After all, […]
Ctrip CEO Jane Sun shares how she has helped to empower female leaders at her company.
Ctrip recently acquired Skyscanner and Trip.com and is looking to break into new markets. Ctrip covers over 1 million hotels globally and is rapidly expanding into the ride hailing business as well. Yahoo Finance’s Brian Sozzi and Alexis Christoforous discuss with Ctrip CEO Jane Sun.
HONG KONG/BEIJING (Reuters) - U.S.-listed online travel giant Ctrip is talking to banks about a planned secondary listing in Hong Kong, putting the group at the head of a queue of Chinese companies expected to follow Alibaba in establishing an investor base closer to China. Ctrip, also known as Trip.com Group Ltd, has approached China International Capital Corp, JPMorgan and Morgan Stanley for its planned share sale in Hong Kong, said four people with knowledge of the matter.
James Liang, Co-Founder and Executive Chairman of Ctrip Group, today attended the 6th World Internet Conference in Wuzhen, where he stressed the importance of maintaining a young, skilled and entrepreneurial talent pool into the future. For China, he says, the future of innovative capacity depends largely on the ability of policymakers to ensure that the country’s workforce maintains its vitality, or risk losing its competitive edge. Liang, an accomplished Internet business leader and renowned demographer, has spoken at length on the relationship between talent retention and innovative capacity of national economies.
Growth is decelerating for Trip.com Group, with the largest online travel company in China even foreseeing the possibility of single-digit growth in the fourth quarter that would be a dubious first in its 20-year history. Revenue rose 12 percent to $1.5 billion (RMB10.5 billion) in the third quarter over the same period in 2018. This […]
International travel service provider Trip.com recently sent volunteers to SDN 042 Palembang, South Sumatra to provide haze management guidance. Stanly Fredrik Napoleon, General Manager of Indonesia, Trip.com, said that this was Trip.com’s way of supporting victims in the local community. The haze that blanketed the whole of Sumatra Island, as well as neighboring countries such as Malaysia and Singapore, hampered student activities.
The story of the year wasn’t about a jaw-dropping event such as CEOs getting forced out, like what happened to Gillian Tans of Booking.com and Mark Okerstrom of Expedia Group. Nor was the story about a game-changing acquisition, of which there were few of epic proportions in the last 12 months in online travel. Instead, […]
Fresh off the news announcing 200 layoffs around the world, Tripadvisor informed employees on Thursday about a wide-ranging reorganization. The company will reverse its long-standing playbook and emphasize Viator as a separate tours and activities brand. In an employee letter obtained by Skift from a source close to the company, and sent after market close […]
Ctrip Group, Asia’s largest online travel agency, today signed a memorandum of understanding (MOU) with JR Kyushu Railway Company (below:JR Kyushu), in a partnership that promises to drive Chinese and foreign tourism to the Kyushu region. For Ctrip, the co-operation marks the company’s second with JR Railways, having signed an agreement with JR East in April 2018. JR Kyushu Railway Company Senior Managing Executive Officer Mr. Yohji Furumiya and Ctrip Chief Marketing Officer Mr. Bo Sun signed the agreement at a ceremony held on at Ctrip Headquarters.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of […]
MakeMyTrip isn't setting any money aside in the event that a regulatory probe involving its relationship with hotel chain Oyo should go against the India online travel agency. Asked during an earnings call Monday whether MakeMyTrip feels the need to establish a contingent liability related to the Competition Commission of India investigation, which is expected to take […]
2019 is almost coming to an end, and right now, the best time to travel just before the holidays, and if you want to make travel plans, you should consider the best places to visit in the U.S in November. November and generally the onset of the fall and winter seasons means that many places […]
Most investors tend to think that hedge funds and other asset managers are worthless, as they cannot beat even simple index fund portfolios. In fact, most people expect hedge funds to compete with and outperform the bull market that we have witnessed in recent years. However, hedge funds are generally partially hedged and aim at […]
There’s an old adage — and some data to support it — that U.S. presidential election years put a damper on leisure travel sales. With 2020 promising to be an especially bumpy ride through political division and uncertainty, could that hold true for the year ahead? To get some perspective, Skift spoke to a variety […]
Tripadvisor Experiences is raising commission rates and introducing a single minimum commission rate depending on the type of tour operator and location, the company said in an email on Thursday to tours and activities operators that created confusion for its opaqueness. The communication (see the email embedded below) to operators states that Tripadvisor Experiences will […]
Trip.com General Manager of Destination Marketing Edison Chen and Ctrip Area General Manager Ru Yi both spoke at the convention, which the Asian travel sector's premier annual trade fair, akin to its parent trade show ITB Berlin. This marks the third year that Ctrip Group has participated in and sponsored the exhibition held annually in Singapore, which last year attracted over 1,000 exhibitors, 1,000 buyers and 11,000 attendees. As an industry leader, representatives from Ctrip Group this year took to the stage to share the company's experiences with peers at the travel industry's largest gathering in the region.