- Chinese tourism is growing at twice the rate of GDP and within the industry, Ctrip is gaining significant market share.
- Still, that unstoppable cannonball has kept hitting an unmovable wall.
- Because of intense competition and heavy investments, profits have been meager.
- But increasing returns, network effects and industry consolidation are about to change this, we think.
Ctrip: The Unstoppable Cannonball Finally Hitting Through The Unbreakable Wall?
November 3rd, 2015 · No Comments