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China's biggest online travel company, Ctrip.com, reported a rise in their net profits in the second quarter, fueled by the growing tourist sector.
The net profit grew to 61 million yuan in the second quarter, up 7 percent from one year ago.
Revenue from hotel bookings rose 28 percent and revenue from air ticket bookings nearly doubled to 73 million yuan.
Ctrip's sales are roughly three times the size of its nearest competitor, Elong, which also posted its first-ever profits in the second quarter.
Airlines, hotels and travel agents are establishing their own websites and call centers in increasing numbers.
But Evolution Securities Analyst Wendy Huang says companies like Ctrip and Elong will not be threatened in the foreseeable future, because they have their own unique advantages.
(CRIENGLISH.com August 15, 2006)
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