|Bid||27.80 x 3200|
|Ask||28.14 x 900|
|Day's range||27.73 - 28.77|
|52-week range||25.00 - 51.91|
|Beta (3Y monthly)||1.09|
|PE ratio (TTM)||39.69|
|Earnings date||12 Mar 2019 - 18 Mar 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||35.16|
Dec.10 -- Ctrip co-founder and Executive Chairman James Liang says U.S.-China trade tensions will have a "temporary" negative impact on China tourism and travel. He speaks with Bloomberg's Selina Wang in an exclusive interview from Shanghai, China.
SHANGHAI, China, Dec. 14, 2018 -- Ctrip Group’s Oasis Lab, the largest travel innovation hub in Asia, signed a strategic partnership with Plug and Play, a Silicon Valley-based.
Today, Ctrip, Asia's leading online travel agency held the first ever Ctrip Day, inviting government officials, industry partners and other key stakeholders, to an event showcasing how Ctrip and its partners from across the travel industry value chain are innovating in travel. During Ctrip Day, Ctrip’s Co-Founder and Chairman James Liang and CEO Jane Sun set the tone at the conference by highlighting the importance of Ctrip’s synergy with travel industry partners in the creation of a comprehensive travel ecosystem, bringing value to customers. Throughout the day, executives from Ctrip’s major business units shared their vision for how the Ctrip platform can add value to supply chain partners’ businesses in areas such as flights, accommodation, package tours, corporate travel and more.
Ctrip, Asia's leading online travel agency today announced the celebration of its 15th Anniversary of its listing on NASDAQ. To commemorate the occasion, the company remotely rang the NASDAQ opening bell in Shanghai. The bell ringing celebration ceremony, which was attended by Jane Sun, Ctrip CEO, James Liang, Ctrip Chairman, investors and travel partners celebrated Ctrip’s business achievements over the last 15 years as well as the challenges it has overcome.
Offering comprehensive travel services for flights, hotels and trains to millions of members worldwide, Trip.com allow customers access to a large inventory of over 1.2 million accommodation choices. Car rentals and airport transfer services are offered across all major destinations globally, and the site’s Things To Do section features over 21,000 travel products, including tickets, tours and popular activities in more than 50 cities. Lynn Qu, VP of Product at Trip.com said, “We are delighted to expand Trip.com’s global footprint, bringing our award-winning travel app and world-class service to customers in more markets.
Currently, Expedia’s (EXPE) PE multiple stands at 20.63x. At its current multiple, the stock is trading at a premium valuation to its peers Booking Holdings (BKNG) and Ctrip.com International (CTRP) and at a discount to TripAdvisor (TRIP). Booking Holdings, Ctrip, and TripAdvisor have PE multiples of 20.05x, 17.07x, and 39.44x, respectively.
Analysts expect Expedia (EXPE) to continue to benefit from an environment of healthy travel demand. The company’s three consecutive quarters of better-than-expected results have increased analysts’ confidence in its stock.
Lodging accounted for 72% of Expedia’s (EXPE) third-quarter revenue, and it remains the most important contributor to Expedia’s top line. Expedia’s lodging revenue rose 12% YoY (year-over-year) in the quarter. This growth came as a result of a 13% YoY increase in room nights, and it was partially offset by a 1% fall in revenue per room night.
Expedia’s (EXPE) revenue rose 10.5% YoY (year-over-year) to $3.28 billion in the third quarter. Its revenue is divided into four segments: Core OTA, Egencia, HomeAway, and Trivago.
Expedia (EXPE) reported mixed third-quarter results in October. Its EPS surpassed analysts’ estimate, but its top line missed the estimate. However, the company marked YoY (year-over-year) improvements on both counts.
In the last decade, the dynamics of the travel industry have drastically changed. More and more travelers are moving to online travel booking agencies rather than traditional ones. In the past few years, online travel booking agencies have gained significant momentum due to increased mobile and online penetration across the world.
Expedia (EXPE) could be an intriguing stock to watch, according to Wall Street analysts’ latest ratings. Given Wall Street’s one-year forward price target of $148.07, EXPE has a potential upside of 32.7% from its current price of $111.62. The optimism surrounding Expedia stock can be attributed to its back-to-back quarters of strong bottom line results.
Jane Sun, CEO of Ctrip, the largest online travel agent in Asia met with Ms. Fumiko Hayashi, Mayor of Yokohama, Japan on the 19th of November, 2018. 2018 marks the 45th Anniversary of Shanghai and Yokohama becoming sister cities. The capital of Kanagawa Prefecture, Yokohama is the second largest city in Japan after Tokyo.
Currently, TripAdvisor’s (TRIP) PE ratio stands at 39.0x, which is between its all-time high of 50.7x in July 2014 and its all-time low of 17.4x in October 2012. At the current multiples, the stock trades at a premium valuation to its peers. Expedia (EXPE), Booking Holdings (BKNG), and Ctrip.com International (CTRP) have PE multiples of 23.7x, 22.9x, 23.3x, respectively.
Analysts expect TripAdvisor’s (TRIP) fourth-quarter top and bottom-line results to continue benefiting from the healthy travel demand environment. Better-than-expected results for three consecutive quarters have increased investors’ confidence in the stock.
TripAdvisor’s (TRIP) third-quarter adjusted EBITDA increased to $146 million from $95 million in the third quarter of 2017, which was ~54% YoY (year-over-year) growth. The adjusted EBITDA margin increased by ten percentage points to 32% from 22% in the third quarter of 2017.
On November 9, most online travel agency shares fell after CNN Business reported deep concerns about the slowing Chinese economy. Since the travel sector is highly sensitive to macroeconomic factors, any uncertainty in the global economy will likely have a negative impact on the companies’ prospects in the travel space. Online travel agencies stocks including Ctrip.com International (CTRP), TripAdvisor (TRIP), Booking Holdings (BKNG), and Expedia (EXPE) have lost 6.3%, 5.4%, 2%, and 1.1%, respectively, on November 9. The Invesco Dynamic Leisure and Entertainment ETF (PEJ), which invests in US entertainment and leisure industry stock, fell ~1% on November 9.
TripAdvisor’s (TRIP) average monthly unique visitors grew 8% YoY (year-over-year) to 490 million users in the third quarter. For the first nine months of 2018, the unique visitor growth averaged 10%. User reviews on the company’s website grew 23% YoY during the third quarter to 702 million reviews on over eight million places to stay, places to eat, and things to do.
TripAdvisor’s (TRIP) third-quarter revenues grew 4% YoY (year-over-year) to $458 million. The YoY growth was mainly driven by the Non-Hotel segment’s strong performance, which more than offset the Hotel segment’s dismal performance. Hotel revenues, which account for ~67% of TripAdvisor’s revenues, declined 2% YoY to $305 million.
TripAdvisor (TRIP) reported mixed third-quarter results. The bottom line beat analysts’ estimates, while the top line missed the estimates. However, the company marked a YoY (year-over-year) improvement in the bottom and top line.
On November 8, TripAdvisor (TRIP) stock rose more than 15%. The company announced its third-quarter earnings on November 7 after the market closed. The company’s third-quarter non-GAAP EPS rose two-fold to $0.72 and handily beat analysts’ estimate of $0.48. However, the revenues of $458 million fell short of the forecast and registered 4% growth YoY (year-over-year).