not vested
Consumer Discretionary Powerhouses: Ctrip.com International, Ltd. (ADR) (CTRP)
Ctrip.com (CTRP) is basically the Chinese version of Tripadvisor (TRIP) or Expedia (EXPE); it’s a travel, hotel and package tour aggregator specifically for the Chinese market.
The massive expansion of the middle class in China in recent years has meant more disposable income, allowing many Chinese who couldn’t afford to take international vacations the ability to do so.
It’s also allowed many of the people who moved to cities for opportunities to travel back home to see family.
The reality is, this market is much closer to the beginning of its trend than it is to the end. And CTRP has been a pioneer. Being that it’s based in China, it has all the advantages that come with the Chinese market.
Proof: CTRP is up 278% in the past 12 months and it’s still rapidly growing revenues and market share. It is also investing in its direct and indirect competitors, a bright hedge if I’ve ever seen one.
Source: Investor Place