- Deutsche's Vivian Hao, who upgraded Ctrip (CTRP +7.7%) to Buy this morning, declares the Chinese online travel agency is "emerging as a clear leader in mobile." She also states checks point to "strong travel booking volumes going into the peak 3Q season," with hotel volumes doing well thanks to mobile and Mid-Autumn Festival deals.
- Mobile accounted for 20% and 15% of Ctrip's hotel and air ticket bookings, respectively. Hotel reservation revenue (39% of total revenue) rose 25% Y/Y in the quarter, as 44% volume growth more than offset a 14% drop in commission/room.
- Ctrip is making new highs. Smaller rival eLong (LONG +1.3%) is up slightly.
Deutsche's Ctrip upgrade: Mobile strength praised, checks solid
From other sites
at Nasdaq.com (Apr 9, 2015)
at Zacks.com (Mar 23, 2015)
at Nasdaq.com (Jan 30, 2015)
at Benzinga.com (Jan 15, 2015)
at Investor's Business Daily (Jan 8, 2015)
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