When Chinese citizens decide to spend a vacation traveling, chances are they will use CTrip.com (CTRP) at some point in the planning stages. The company operates much the same as the US equivalent Orbitz or Expedia except for the fact that CTRP enjoys what essentially amounts to monopoly status. Bear Stearns estimates that the company holds a 57% market share of the Chinese online travel market and that level has been growing quarter after quarter.
Read More