Given the explosive nature of Chinese outbound travel. It’s unsurprising that Ctrip, China’s largest online travel agency (OTA), is experiencing growth. However, the pace of revenue and profit growth is still impressive. In Q3, Ctrip’s net revenue grew by 42 percent year on year, to $1.197 billion (7.9 billion yuan). Gross margin was up 82 percent compared to Q3 2016, up from 82 percent in Q2 2017. What explains this rapid growth? Co-founder and Executive Chairman of the Board, James Jianzhang Liang, cited the organic growth of traditional revenue sources as the primary cause of continued growth. For example, accommodation reservation revenue grew by 36 percent year-on-year in Q3. However, Liang noted that Ctrip’s acquisition of Skyscanner almost a year ago has contributed substantially to continued growth in 2017. Get the full story at Jing Travel