#6 - Ctrip.com (NASDAQ:CTRP)
Ctrip.com (NASDAQ: CTRP) - Another Chinese company that is absolutely crushing it in 2019 is the online travel agent Ctrip.com. The company’s stock is up 53% in 2019. In fact, after many companies entered the online travel space, CTRP appears to be the sole survivor. Top line revenue was expected to grow 16.1% last year and, despite the ongoing trade war, is expected to grow 18% this year. In March, the company reported fourth-quarter numbers that beat both topline and bottom line estimates. One of the primary drivers for this growth is the desire among Chinese consumers to travel internationally, which may correspond to increasing urbanization inside the country. The number of international trips booked by Chinese residents increased by 15% year over year in the first half of 2018. What’s particularly encouraging is that growth is coming from the 5% of the population that owns a passport, which presents a very real long-term growth opportunity.
About Ctrip.Com International
Ctrip.com International, Ltd. operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, and corporate travel management in China. The company acts as an agent for hotel-related transactions and selling air tickets; and provides other related services, including sale of aviation and train insurance, air-ticket delivery services, online check-in, and other value-added services, such as online seat selection, express security check, and real-time flight status.
Read More - Current Price
- $72.44
- Consensus Rating
- N/A
- Ratings Breakdown
- 0 Buy Ratings, 0 Hold Ratings, 0 Sell Ratings.
- Consensus Price Target
- N/A
