In an announcement that surprised most analysts, Ctrip, the largest online travel company in China, China’s largest online travel provider, has said it expects that first-quarter sales will grow as much as 50 percent to about $390 million. Founded in 1999 and listed four years later on NASDAQ, the company said its international travel business is expanding as more Chinese can afford overseas trips. The revenue forecast shows that the travel and tourism industry in China is continuing to grow at a healthy rate, even as the Chinese economy has slowed down. Read more at:
http://skift.com/2015/03/21/ctrips-first-quarter-sales-surprise-everyone/?
