The momentum of recovery continues!Ctrip's net revenue in the second quarter was 4 billion, and the hotel reservation rebounded

Future Network, Beijing, September 22 (Reporter Xie Qing) Today, the domestic OTA (online tourism) platform header "Ctrip" announced that as of the second quarter of June 30, 2022, unveiled financial results (hereinafter referred to as "" hereinafter referred to as " Q2 Financial Report ").

Q2's financial report shows that in the second quarter, Ctrip's net operating income was 4 billion yuan, a year -on -year decrease of 32%and a decrease of 2%month -on -month, but the previous market expectations were exceeded. In addition, the net profit is 43 million yuan, and the losses were 1 billion yuan in the first quarter.

Among them, in the second quarter, Ctrip accommodation revenue was 1.4 billion yuan, transportation ticket revenue was 1.8 billion yuan, tourism and vacation business revenue was 122 million yuan, and business travel management business revenue was 210 million yuan.

In the impact of the epidemic, from April and May this year, many domestic businesses in China were sluggish. As the epidemic improved in June, the business rose again, of which accommodation reservations were typical representatives.

In the future, the reporter noticed that local hotels have become the main force to promote Ctrip accommodation reservations. According to the financial report data, from mid -May to the end of June, South China and West China Hotels, which have less affected the domestic epidemic, took the lead in recovery, exceeding the same period of 2019. By late June, domestic hotel reservations have been fully restored, and the reservation volume will increase by more than 30%compared with the same period in 2019.

The financial report states that with the implementation of accurate epidemic prevention policies, the recovery momentum lasted until the third quarter. And since the end of 2021, the number of hotels covered by Ctrip Hotel has increased by 20%, of which 65%are Gaoxing Hotel.

Screenshot of Ctrip Group's unaudited financial performance announcement in the second quarter

In addition to the signs of recovery in local tourism, in terms of overseas business, Ctrip's revenue in the European and American markets in the second quarter has exceeded the same period of 2019. The proportion of overseas business in overall revenue has increased, and the Asia -Pacific market is also growing rapidly.

The financial report shows that in the second quarter, Europe is the fastest market for Ctrip's international business. Among them, hotel reservation increases by nearly 400%year -on -year, and the number of air ticket reservations is close to the pre -epidemic level. In terms of overseas air tickets and hotel reservations, Ctrip Hotel reservation increased by more than 50%compared with the epidemic, and the number of booked products in destinations increased by 24%month -on -month.

In this regard, Ctrip CEO Sun Jie publicly stated that as the border is open and the travel restrictions are further lifted, the travel activities in the Asia -Pacific region have also rebounded, and the unprecedented speed has been recovered at an unprecedented speed since the outbreak of the epidemic. Sun Jie believes that in the next July and August, Ctrip International's business will continue to recover.

Figure based on Ctrip Travel Research Institute

In addition, with the coming of the "Eleventh National Day" holiday, the "National Day Forecast Report of 2022" (hereinafter referred to as the "Forecast Report") released by Ctrip also shows that the overall tourism market has a good trend. In the past week, the order volume of the National Day travel has increased by 64%from the previous week.

The forecast report shows that starting from the Mid -Autumn Festival, National Day tourism has entered a stable growth stage, and the average daily order growth rate exceeds 30%. From the perspective of the current product reservation trend, the National Day tourism reservation for half a month in advance is still mainly long -term tourism, and local surrounding reservations have also entered the heating stage. Data show that the National Day long -distance travel products account for nearly 60%, and local peripheral products account for 40%.

In addition, as of September 15, the number of orders for rural tourism products in the National Day Golden Week increased by 36%year -on -year, and the proportion of rural tourism orders increased by 6%year -on -year. In the future, reporters noticed that the prediction report pointed out that in the rural tourist groups, parent -child families accounted for 35%, and the order volume of rural hotels for parent -child families increased by 43%year -on -year.

As of September 21, Eastern Time closed, Ctrip's stock price was US $ 24.43/share, with a total market value of 15.678 billion US dollars. As of September 22, Beijing time closed, Ctrip's stock price was HK $ 196.70 per share, with a total market value of HK $ 134.5 billion.

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