Ctrip stepped up investments in mobile Internet and new products as mobile devices surpassed desktop computers to become the most important hotel booking platform, Chairman and Chief Executive Officer James Liang said on a May 7 conference call. The company will report revenue of $270 million for the April-June period, up 33 percent from a year earlier, 11 analyst estimates compiled by Bloomberg show. The average projection is 5.4 percent higher than it was six months ago. While Ctrip’s second-quarter operating profit may drop 5 percent from a year earlier to $30.3 million, it will grow 8 percent this quarter and 32 percent in the last three months of the year, according to the average of seven analyst estimates compiled by Bloomberg. Chinese hotel revenue per available room increased 7 percent in May, the highest since 2010, according to a Bloomberg Intelligence note. This may indicate a return of higher domestic leisure and business travel offsetting a corruption crackdown that’s crimped lavish official spending, the report said. Get the full story at Bloomberg