Ctrip posts big surge in second quarter revenue

Ctrip.com International Ltd, China's largest online travel agency by revenue, posted strong second-quarter earnings in all of its business segments on Tuesday on the back of the growing wanderlust of Chinese tourists traveling abroad.

The Nasdaq-listed company said sales revenue in the quarter ending on June 30 hit 8.7 billion yuan ($1.22 billion), up 19 percent year-on-year. Net profit stood at 1.3 billion yuan in the period, surging 84 percent year-on-year, its earnings report said.

Revenues generated from international business, including services for cross-border travelers in China and users in foreign countries, accounted for more than 35 percent of total revenue.