Ctrip Improves Business Trip Management System

Ctrip.com International (NASDAQ: CTRP), China's largest online travel service provider, has updated its corporate business trip management system that seamlessly fits mainstream corporate administrative applications and offer approval, booking and feedback services. The system, which claims to save 15% to 25% of business trip costs, earned 70% more for Ctrip in the second quarter of this year but it still represents only 5% of total revenue, said Ctrip vice president Zhuang Yuxiang. China's overall tourism market is worth ¥1 trillion ($1 = ¥6.7) and the business trip segment is worth ¥100 billion, of which only 10% are outsourced to specialists like Ctrip, said Zhuang. Ctrip takes a quarter of that ¥10 billion niche market.