Ctrip.com is an international organization that was established in 1999. The headquarters of Ctrip.com International Limited (NASDAQ:CTRP)are located in Shanghai, China. Ctrip(NASDAQ:CTRP)gives travel guidelines to 60,000 destinations in China, Hong Kong, Taiwan and Macau. As earlier as the year 2014, Ctrip(NASDAQ:CTRP)invested in ToursForFun and expanded its business to reach North America as well.
When the company announced its fourth quarterly revenue generation, it was up by 20%. The Chinese online travel agency is moving ahead at steady speed. It provides information regarding accommodations as well as booking facility in various hotels, where ever their business travels. When the numbers came out, Ctrip.com (NASDAQ:CTRP)had generated $308 million in the fourth quarter, which is almost 33% more as compared to previous years.
It has been successful in beating its own set record of 30%. As the total revenue generation for the entire year sums up to be$1.2 billion. Analysts are hopeful that this profitable streak will continue and the company will make up to $305 million in the coming quarter. The overall net loss of the company has also been lower as compared to previous quarters; it has reduced from $43 million to $36 million. The overall results show a slight decline from the expected 72% to 69%; it was missed by a slight margin.
The loss has also effected the share prices, declining it by $0.26, but the revenues produced by the reservations and accommodations department have increased by 31%; summing up the total amount to be $136 million. Since Ctrip.com (NASDAQ:CTRP)is expanding its business, the input of money is also gaining pace, and the company is doing better than its own expectations. The profit has increased by 53% over the years, greater than the profit projected by the company of 40-50%.
Transportation generated $125million, showing increase of 34%. The ticketing department has been the most promising and the profits rose by an astounding 102%. Ctrip.com’s(NASDAQ:CTRP)chairman James Liang, has much-admired and congratulated everyone on the board of directors for their successful input in the betterment of the Company’s future. The expenses also increased by 137% to almost $127million, which as upsurge of 29% when compared to the last year’s numbers.
When the company issued its annual report the net money spawned was $374 million, it was 86% higher than previous years. Ctrip(NASDAQ:CTRP)has been making its facilities on-the-go as well, by creating mobile applications. The growing use of android based smartphones and applications has proved profitable for Ctirp(NASDAQ:CTRP)as well. When company introduced its mobile application, it was warmly welcomed by the users and quickly reached 600 million downloads.
It has increased 70% from the previous years; another estimate has shown that the mobile application is so successful and readily used that almost 70% of the reservations are made using the mobile phone app, especially during New Year and the holiday seasons.The company is expected to 40-60% increase in net profits over the coming years.
