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

chinadaily.com.cn
left corner left corner
China Daily Website

Price war cuts Ctrip.com's income by 39%

Updated: 2013-02-02 02:31
By Wang Wen ( China Daily)

Income at Ctrip.com International Ltd, the largest Chinese online travel agency by market share, continued to fall in 2012.

The agency's operational income was 655 million yuan ($105 million) last year, down 39 percent from 2011, while its net revenue was 4.2 billion yuan, up 19 percent year-on-year, according to the company's annual results released on Friday.

Ctrip.com's income has declined since the third quarter of 2011, although its net revenue has maintained double-digit growth.

The low income has been put down to stiffer competition among Chinese online travel agencies and Ctrip.com's growing expenses for sales and marketing in 2012.

Fan Min, its CEO, described 2012 as a "year of investment".

The agency spent 984 million yuan on sales and marketing last year, a year-on-year rise of 58 percent, as China's online travel agencies started a price war in the summer.

Mangocity.com, a subsidiary of China Travel Service (Holdings) Hong Kong Ltd, used an 80 million yuan cash allowance to trigger the war in June, with Ctrip.com fighting back with the launch of a $500 million promotion in July.

Smaller agencies had to join the price war to keep their market position and increase market share. Agencies say the war will continue this year.

Ctrip.com will offer air ticket rebates to customers after Spring Festival, as a coupon promotion it launched mainly applied to its hotel reservation business in 2012, said Sun Jie, its chief operations officer.

Cui Guangfu, CEO of eLong Inc, an online travel service provider, said the price war will not stop until the market achieves new balance.

Wang Tingting, an analyst from iResearch Consulting Group, an organization focusing on research in China's Internet industry, said: "According to the agencies' cash flow, the price war is still under control."

Wang said agencies are also trying to increase market share through investing in coupons and rebates, as the online travel market in China is still very robust.

The market is seeing annual growth of 30 percent on average, according to iResearch.

Ctrip.com is also concentrating its resources on its online business, laying off some employees in its off-line sales department since the end of 2012.

"Ctrip.com was optimizing the off-line sales channels and made proper arrangements for the employees involved," the company said in a statement on the redundancies.

It did not say how many employees were laid off, but reports said 500 employees were involved.

Wang added: "Online sales are obviously much more efficient than those off-line, as human resource costs are rising."

8.03K
 
...
...
...
主站蜘蛛池模板: 亚洲国产日韩综合久久精品 | 欧美成人三级大全 | 国产性tv国产精品 | 视频一区 欧美 | 成人看片黄a免费 | 91成人在线免费观看 | 免费一区二区三区四区 | 国产精品久久久久久久9999 | 一级aaaaaa毛片免费 | 国产精品久久久久毛片 | 久久国产视频一区 | 成年女人看片免费视频播放器 | 九色国产在线 | 性欧美欧美之巨大69 | 97国产成人精品免费视频 | 久热国产视频 | 三级三级三级全黄 | 亚洲一级高清在线中文字幕 | 亚洲a级片在线观看 | 国产不卡毛片 | 91免费视频版 | 日韩精品一区二区三区免费观看 | 久久精品视频8 | 久操视频免费在线观看 | 亚洲一区二区中文字幕 | 国产午夜精品理论片在线 | 亚洲精品精品一区 | 亚洲国产成人麻豆精品 | 一级做a爱片特黄在线观看免费看 | 亚洲毛片在线观看 | chinese多姿势videos | 欧美日韩在线观看视频 | 国产成人综合一区精品 | 亚洲精品精品 | 成人在线免费观看网站 | 成人黄页网站 | 欧美精品v欧洲精品 | 亚洲天堂成人在线观看 | 精品国产香蕉在线播出 | 欧美亚洲国产精品久久久久 | 国产成人一区二区三区在线播放 |