Qunar’s total revenues for Q3 2014 more than doubled YoY to US$81.6 million and its mobile revenues was US$33 million an increase of 445.1% YoY.
Qunar’s total revenues for the third quarter of 2014 were RMB501.1 million (US$81.6 million), an increase of 107.8% year-on-year. Mobile revenues for the third quarter of 2014 were RMB202.7 million (US$33.0 million), an increase of 445.1% year-on-year, representing 40.4% of total revenues, compared to 15.4% in the corresponding period of 2013. Pay-for-performance (“P4P”) revenues for the third quarter of 2014 were RMB476.4 million (US$77.6 million), an increase of 119.3% year-on-year and 25.8% quarter-on-quarter.
Qunar’s total Estimated Flight Ticket volume (TEFT) and Total Estimated Hotel Room-night volume (TEHR) for the third quarter of 2014 were 22.7 million and 10.0 million, respectively, an increase of 57.0% and 84.6% year-on-year.
Hotel network direct sales contributed 51% of Qunar’s total hotel volume for the third quarter in 2014. Mobile continued to be a key driver of the growth, accounting for 40% of total revenue, 55% of TEHR, and 43% of TEFT.
For the fourth quarter of 2014, Qunar expects year-on-year revenue growth in the range of 90% to 95%.
Also read: Guest Satisfaction Research of China Hotels