Ctrip sees 120% recovery in outbound tourism bookings
Ctrip Group yesterday announced its unaudited financial results for Q3 2024, reporting net revenue of 15.9 billion RMB ($2.3 billion), up 16% YoY and 24% from Q2. Net profit reached 6.8 billion RMB ($970 million), a significant increase from both last year and Q2. The company saw strong growth in its international business, with outbound tourism bookings reaching 120% of pre-pandemic levels. Flight bookings on its global OTA platform grew more than 60% YoY.