www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Industries

Online travel firms set to lock horns

By Wang Wen (China Daily) Updated: 2014-12-05 08:00

Online travel firms set to lock horns

Billboards for Ctrip.com International Ltd in Shanghai. The company's sales and marketing expenses increased to 598 million yuan in the third quarter. Yan Daming / For China Daily

Online travel firms are set to up the ante with a slew of promotional prices and other incentives as the battle to grab a slice of the huge outbound tourism pie in China intensifies, industry sources said on Thursday.

Ctrip.com International Ltd, China's largest online travel agency in terms of market value, plans to invest 1 billion yuan ($162.47 million) next year to take on the competition, according to Liang Jianzhang, its chairman and chief executive.

The company will launch a huge promotion laced with special discounts on Dec 12 and make it an annual event, Liang said, with an eye on growing market share and profit.

The price war among Chinese online travel agencies has intensified in the last two years and some main players have lost a lot.

The net loss of eLong Inc, the second-largest online travel agency and main rival of Ctrip, stood at 168 million yuan in 2013, largely due to the steep price discounts it offered.

That situation has not changed much for the company and its net loss stood at 58.3 million yuan during the third quarter of this year, despite the fall in sales and marketing expenses during the period.

During the third quarter of 2014, Ctrip's sales and marketing expenses increased by 69 percent over the corresponding period in 2013 to 598 million yuan.

Wei Changren, general manager of Ctcnn.com Inc, a company that provides analysis of the online tourism sector, said: "The price war is expected to continue for another five years as the gap in market share between companies is relatively small."

The competition will be even more fierce next year, as the players will all try their best to grab more market share, Wei said, adding that much of the action would be in the outbound tourism sector.

According to the National Tourism Administration on Wednesday, the number of Chinese people going abroad exceeded 100 million by November.

Zhang Jilin, the administration's spokesman, said: "It is a milestone for China's tourism industry."

Meanwhile, some online travel agencies have already started drafting plans to tap into the growing market, although Chinese online companies account for just 17 percent of the entire tourism market.

Tongcheng Network Technology Share Co Ltd, an online travel agency based in Suzhou, Jiangsu province, released a letter of challenge on Tuesday to Tuniu Corp, another tour-booking website focusing on outbound tourism products with special prices.

Liu Qing, CEO of Tongcheng's outbound tourism department, said in the letter that the agency will serve more than 1 million outbound travelers in 2015. "Our outbound tourism business will surpass Tuniu in terms of scale after 12 months," Liu said in the letter.

The letter follows Tuniu asking its suppliers to offer higher prices or not provide resources at all to Tongcheng in November.

Tongcheng, which got funding several times this year, has amassed a huge war-chest to take on competition and this has made Tuniu nervous, as outbound business accounts for a huge chunk of its profit, said industry sources.

Hot Topics

Editor's Picks
...
主站蜘蛛池模板: 免费一级毛片在线播放 | 国产精品久久久久久爽爽爽 | 成人久久18免费网站 | 毛片在线看网站 | 成人网18免费下 | 成人三级在线播放 | 国产在线观看一区二区三区 | 99热只有精品一区二区 | 欧美日本一区二区三区道 | 中国美女乱淫免费看视频 | 国产精品久久国产三级国电话系列 | 亚洲精品国产免费 | 亚洲欧美精品久久 | 美女张开腿黄网站免费国产 | 国产高清a毛片在线看 | 国产在线欧美日韩精品一区二区 | 一区二区三区免费视频播放器 | 国产手机在线小视频免费观看 | 精品国产成人高清在线 | 欧美久久久久久 | 深夜福利爽爽爽动态图 | 男人使劲躁女人视频小v | 国产美女视频一区 | 国产久草在线 | 日韩精品在线一区 | 在线免费观看一区二区三区 | 日本一级aaaa特黄毛片 | a毛片免费全部播放完整成 a毛片免费全部在线播放毛 | 国产综合成人亚洲区 | 2021一本久道 | 一级毛片免费不卡在线视频 | 欧美一线高本道高清在线 | 岛国午夜精品视频在线观看 | 亚洲精品国产一区二区三区四区 | 久久国产精品一区二区三区 | 午夜性片| 亚洲 欧美 成人 | 久久亚洲天堂 | 国产深夜福利在线观看网站 | 亚洲综合伊人色一区 | 欧美极品在线播放 |