Beijing Business Daily News (Reporter Wu Qiyun) On November 21, Ctrip Group announced its unaudited financial performance for the third quarter of 2023. During the reporting period, Ctrip Group's net operating income was 13.7 billion yuan, a year-on-year increase of 99%.
According to the financial report, Ctrip's accommodation booking revenue in the third quarter was 5.6 billion yuan, a year-on-year increase of 92%; The revenue from transportation ticketing was 5.4 billion yuan, a year-on-year increase of 105%; The revenue from tourism and vacation business was 1.3 billion yuan, a year-on-year increase of 243%; The revenue from business travel management business was 591 million yuan, a year-on-year increase of 60%.
The domestic market has entered a stage of stable growth, with Ctrip's domestic hotel booking volume increasing by over 90% year-on-year in the third quarter, and an increase of over 70% compared to the same period in 2019. The recovery of outbound tourism is significant. Although the cross-border air passenger volume in the third quarter only recovered to around 50% of the same period in 2019, Ctrip's outbound hotel and flight booking volume has returned to around 80% of the same period in 2019. At the same time, the global tourism market prospects are improving, and Ctrip's international business continues to maintain strong momentum. The total bookings of Ctrip International OTA platform in the third quarter increased by over 100% compared to the same period last year and 2019.
In addition, in terms of inbound tourism, Ctrip's inbound tourism orders increased by 34% in the third quarter of this year compared to the second quarter. Ctrip has signed a strategic framework agreement with the China Association for Foreign Cultural Exchange to promote the national tourism image of "Hello! China"; Establishing an inbound tourism service platform; Jointly launch the inbound tourism cooperation alliance initiative with enterprises such as China Travel Service and Ant Group.