Trip.com’s international business maintained rapid recovery, with the overall air-ticket bookings on global platforms increasing over 100% year over year.

Its total net revenue increased by 29% year over year and increased by 72% quarter over quarter to RMB6.9 billion (US$969 million), mainly driven by the robust recovery in China’s domestic market and overseas markets.

• Accommodation reservation revenue was RMB2.9 billion (US$408 million), representing a 32% increase YoY or 114% increase QoQ
• Transportation ticketing revenue was RMB2.6 billion (US$369 million), representing a 44% YoY or 49% QoQ
• Packaged-tour revenue was relatively stable at RMB387 million (US$54 million) compared to the same period in 2021. Packaged-tour revenue increased by 217% from the previous quarter
• Corporate travel revenue was RMB370 million (US$52 million), representing a 9% YoY or 76% increase QoQ

Net income for the third quarter of 2022 was RMB245 million (US$34 million), which improved from a net loss of RMB868 million for the same period in 2021 and a net income of RMB43 million for the previous quarter.

Adjusted EBITDA for the third quarter of 2022 was RMB1.4 billion (US$198 million), representing a 164% increase from RMB537 million for the same period in 2021 and a 300% increase from RMB355 million for the previous quarter.

Adjusted EBITDA margin was 21% for the third quarter, compared with 10% for the same period in 2021 and 9% for the previous quarter.

As of 12:00 on 8 December, the travel search popularity for 2023 last week had increased by more than 900% compared with the same period last year. Within two hours after the release of the New Year’s holiday schedule on 8 December, the search volume of Trip.com’s air tickets and hotel products increased by 6 times and 7 times respectively from the same period the previous day.

China’s air ticket online booking market is upcoming and on the rise, with seen increases in market share and dominance of certain air divisions, coupled with increased direct sales channels to enhance the pace of growth.

According to Analysys’s released report in Q1 of 2017 on China’s air ticket online booking market, its market size reached 132 billion yuan (US$19 billion), with a year on year growth rate of 31.8%, as seen in the chart below.

Following the July 2016 revised ticket sales policy for the pay-per-month segment vote, each air division is aimed at improving corporate profits, exerting market dominance and directing marketing channels to accelerate the pace, all working with OTA to rectify the ticket agent industry.

This year, the airline continued to strengthen its platform and held sales of the tickets, hotels, tour package through direct channels in order to increase market share.

With each air divisions playing individual strategies with increased intensities, OTA’s profit margins are gradually decreasing. This quarter, while OTA is continuing to enhance product experience and operational efficiency, at the same time, it is also focussing on the layout of higher prices of the international air ticket market.

From engaging in depths of integration, and aspects of upgrading, manufacturers provide more competitive online aviation service products. On the other hand, manufacturers further strengthen the international ticket product and service side of supply through online international voyage and flagship stores.

China online travel market overview Q1 2017

China online travel market totaled 602.6 billion yuan (US$87.46 bn) in 2016 with an increase of 34%. It’s estimated to exceed 1 trillion yuan (US$147 bn) in 2019.

The OTA market in China reached 30 billion yuan (US$4.33 bn) in 2016 and will grow to 53 billion yuan (US$7.69 bn) in 2019 according to iResearch.

Online ticketing remains the largest section of China’s online travel market(56.8%) in 2016.

China’s domestic travel market reached 4.44 billion person-trips in 2016, an increase of 11% YoY. The corresponding revenues totaled 3.9 trillion yuan with a growth of 14% according to China National Tourism Administration. See China travel market overview 2016 »

Total transactions of China’s online travel market reached 162.76 billion yuan (US$23.59 billion). OTA revenues totaled 8.19 billion yuan (US$1.19 billion).

China’s online travel market totaled 162.76 billion yuan (US$23.59 billion) with an increase of 11.8% QoQ or 28.4% YoY. Online travel transactions via mobile apps continued to grow to 62.2% in September 2016 from 59.2% in June 2016.

Total revenues in China’s OTA market reached 8.19 billion yuan with a growth rate of 38.7% YoY.

Air tickets booking accounted for 53.6% of China’s online travel transactions in Q3 2016; accommodations 21.8%; and, holiday booking 18.8%.

The total transactions of China’s online travel market exceeded RMB 143 billion (USD 21.4 billion) in Q2 2016, an increase of 31.3% YoY or 8.9% QoQ according to iResearch data.

The total revenues of China’s online travel agency market reached RMB 7.04 billion (USD 1.05 billion) in Q2 2016, an increase of 46.1% YoY.

Online booking of air tickets accounts for 57.2% of total online travel market revenues in China.

eLong’s hotel room nights stayed in the fourth quarter of 2014 increased 27% to 9.4 million room nights compared to 7.4 million in Q4 2013 according to eLong unaudited financial results.

Mobile bookings comprised approximately 55% of eLong brand room nights, excluding room nights from non-eLong brand distribution partners and resellers, in the fourth quarter; and the cumulative downloads of eLong mobile apps reached 132 million.

Domestic hotel coverage network expanded 186% to over 200,000 domestic hotels as of December 31, 2014, compared to 70,000 as of December 31, 2013.

More than 28,000 properties have contracted to use the free, cloud-based, multi-device hotel property management systems, Yunzhanggui and Zhuzhe, produced by eLong investee companies.

eLong Business Results in Q4 2014

Total Revenues

Total revenues by product for the fourth quarter of 2014 as compared to the same period in 2013 were as follows (in RMB million):

eLong net revenues for the fourth quarter decreased 6% to RMB246.2 million (US$39.7 million), compared to RMB261.0 million(US$43.1 million) in the fourth quarter of 2013.

Hotel Reservations

Hotel revenue decreased 6% in the fourth quarter of 2014 compared to the same period in 2013, primarily due to lower hotel revenue per room night, partially offset by higher volume. Room nights stayed in the fourth quarter increased 27% year-on-year to 9.4 million, and hotel revenue per room night decreased due to the growth of our coupon program and lower commission rate hotel room nights for which we recognize revenues on a net basis, partially offset by the growth of prepurchased hotel room night transactions for which we recognize revenues on a gross basis. Hotel revenue comprised 79% of total revenues, compared to 80% in the prior year quarter.

Air Ticketing

Air tickets booking segments increased to 1.0 million in the fourth quarter, an increase 23% compared to the prior year period. eLong air revenue decreased 13% in the fourth quarter, primarily due to a decrease in air revenue per segment. Air revenue decreased to 11% of total revenues from 12% in the prior year quarter.

Highlights of eLong’s performance in 2014

Total revenues by product for the full year 2014 as compared to 2013 were as follows (in RMB million):

• Hotel room nights stayed in 2014 increased 32% to 34.2 million room nights compared to 25.8 million in 2013.
• Hotel revenue in 2014 increased 9% to RMB938.8 million (US$151.3 million), compared to RMB858.2 million (US$141.8 million) in 2013.
• Net revenues in 2014 increased 8% to RMB1,086.2 million (US$175.1 million), compared to RMB1,009.7 million (US$166.8 million) in 2013.
• Air segments increased 8% to 3.3 million for the full year 2014. Air revenue for the full year 2014 decreased 7%, primarily due to a 14% decrease in air revenue per segment. Air revenue decreased to 11% of total revenues from 12% in the prior year.

Our mobile lodging transactions have surpassed 100,000 per day on peak days; and our lodging network has grown to more than 200,000 properties in China and more than 400,000 properties worldwide. Facing fierce competition, we are innovating more quickly and investing more in our products, technology and people than at any time in our history. We will continue to invest in order to accelerate our growth in 2015

said Guangfu Cui, Chief Executive Officer of eLong.

Qunar.com total revenues for the second quarter of 2014 were RMB400.4 million (US$64.5 million), an increase of 127.3% year-on-year, the highest revenue growth rate in ten quarters.

Qunar has built strength on mobile. Qunar Travel apps downloads had reached 105.716 million times by this May being the first travel app exceeding 100 million downloads according to Jinlv Consulting, a research and consultancy firm for travel industry. Its mobile revenues for Q2 were RMB142.3 million (US$22.9 million), an increase of 511.8% year-on-year, representing 35.5% of total revenues, compared to 13.2% in the corresponding period of 2013.

Total Estimated Flight Ticket volume (TEFT) and Total Estimated Hotel Room-night volume (TEHR) for the second quarter of 2014 were 19.1 million and 7.3 million, respectively, an increase of 66.1% and 105.2% year-on-year.

We witnessed another strong quarter of accelerating revenue growth and impressive volume growth across our business units, driven by market share gains and pricing leverage. Returns on our investments have been coming in earlier and quicker than we had expected,

said Chenchao (CC) Zhuang, chief executive officer and co-founder of Qunar.

Flight revenue per ticket grew 46% year-on-year, a testament to our growing market position and to the superior value proposition Qunar brings to travel service providers.

We remain focused on providing consumers with the most comprehensive product offerings and best deals in the industry,

Mr. Zhuang added.

In the second quarter alone, we signed over 72,000 hotels, taking our direct sales network to over 165,000 hotels. We also consolidated our position as the platform of choice for mobile users. Tour package GMV maintained its rapid momentum, expanding by more than five times year-on-year.

We are pleased to see our investments in technology and product sourcing continue to drive strong growth right across the business,

said Sam Sun, chief financial officer of Qunar.

However, Qunar sees loss in the second quarter. Net loss attributable to Qunar’s shareholders for the second quarter of 2014 was RMB421.6 million (US$68.0 million), compared to RMB41.2 million in the corresponding period of 2013 and RMB183.6 million in the first quarter of 2014.

For the third quarter of 2014, the Company expects year-on-year revenue growth in the range of 90% to 95%. This forecast reflects Qunar’s current and preliminary view, which is subject to change.

Get an overview of China’s online travel market here.

Source: Qunar