Ctrip Q3 2014 Earnings Show Aggressive Investment and Dampened Margins

So far, Ctrip has been able to gain market share across all its segments through its investments and joint ventures. The company expects the Chinese income growth to be higher in 2015 than 2014, which will translate to accelerated travel consumption, especially in the high end of the market such as outbound travels and luxury hotels. Ctrip also predicts that the focus areas for travel business in China are business travelers and the second and third tier cities, where there is immense growth pot...