The revenues of China's online vacation market totaled roughly 26 billion yuan (US$3.82 bn) in Q2 2018, increases of 19.3% year-on-year or 11.3% quarter-on-quarter. Three holidays in this quarter, namely, Tomb-sweeping Day, Labor's Day, and Dragon Boat Festival put this market back on track, which altogether received 337.1 million person-trips, up by 8.6% from Q1 2018.
Within this market, Tuniu and Ctrip took the first two spots with market shares of 28.54% and 24.07% respectively. Lvmama ranked third with a share of 13.01%.
While Tongcheng-eLong kept sharking its shares in online vacation after it filed for HongKong IPO and transferred its business focus to transportation ticket and accommodation reservation....
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