Ctrip remained the leader in China’s online travel booking market in the second quarter with 41.8% market share by revenue according to Analysis International’s latest report.
where is this coming from>? i cant find any info on eLong's revenue growth. in order for market share to double in the environment, rev must be up 130%. expedia doesnt break out revenue for elong, only earnings, and weve seen margin contraction, which is why earnings only increased like 20-25%, with revenue increasing 130%? thoughts?
between 2009 and 2011, they grw revenue by a total of 65% (CAGR=18%). Between Q1 and Q2, they grew revenue by 110%. If the market grows 20% on annualized basis, so 5% in Q2, the index = 105. 7/100->13.2/100, or 13.9/105. 13.9/7=2. so maybe closer to 100% than 130%
DOES NOBODY SEE THIS!!