Ctrip Group: Net revenue in the second quarter was 11.2 billion yuan, a year-on-year increase of 180%

News from this site on September 5, Ctrip Group announced its results for the second quarter and first half of 2023. Net operating income in the second quarter was 11.2 billion yuan, a year-on-year increase of 180%; net profit was 648 million yuan Yuan, compared with 43 million yuan in the same period of 2022; adjusted EBITDA was 3.7 billion yuan, with a profit margin of 33%; net profit attributable to shareholders of Ctrip Group was 631 million yuan, compared with 69 million yuan in the same period of 2022.

Looking at the breakdown, in the second quarter, the accommodation booking business revenue was 4.3 billion yuan, a year-on-year increase of 216%; the transportation ticketing operating income was 4.8 billion yuan, a year-on-year increase of 173%; the tourism and vacation business operating income was 722 million yuan , a year-on-year increase of 492%; business travel management business operating income was 584 million yuan, a year-on-year increase of 178%; operating costs were 2 billion yuan, a year-on-year increase of 106%; product research and development expenses were 3 billion yuan, a year-on-year increase of 67%; sales and marketing expenses was 2.4 billion yuan, a year-on-year increase of 185%.

#This site learned from Ctrip’s financial report that domestic hotel bookings increased by 170% year-on-year, and increased by more than 60% compared with the same period before the epidemic in 2019; outbound hotel and air ticket bookings have recovered to more than 60% of the pre-epidemic levels in 2019, although international Passenger volume in the aviation industry has only recovered to 37%; ticket bookings on international OTA platforms have increased by more than 120% year-on-year, nearly twice the level of the same period in 2019.

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