CTrip Reports 90.5 Billion RMB Revenue for First Half of 2025: Non-Mainland City Users Drive Growth

Sina Tech News, August 18th, CTrip, a listed company in Hong Kong, today released its financial report for the second quarter and first half of 2025.Revenue reached 90.5 billion RMB, an increase of 11.5% year-on-year; adjusted net profit was 15.6 billion RMB; and adjusted EBITDA reached 23.4 billion RMB, a significant increase of 35.2%.

From the user scale perspective, as of the end of the second quarter, CTrip had served 19.9 billion users cumulatively in the year, an increase of 7.2% year-on-year. The number of paying users reached 2.52 billion, a historical high.

Looking at it from the business perspective, the accommodation business performed outstandingly well.Revenue reached 25.6 billion RMB in the first half, an increase of 18.8% year-on-year, with growth significantly faster than the overall revenue growth.

The transportation business also maintained a steady growth trend.Revenue reached 38.8 billion RMB in the first half, an increase of 11.6%. Notably, the number of new users increased by 241% year-on-year, indicating continued enhancements to user acquisition capabilities.

International business became a new growth highlight.In the second quarter, CTrip's international flight ticket volume grew nearly 30% year-on-year, setting a historical record for daily ticket quantity.

Other revenue, including online vacation packages, reached 13.6 billion RMB, an increase of 24.1%, making it the fastest-growing business segment.

Looking at regional distribution, non-mainland city users' consumption vitality continued to rise, becoming a key driver of revenue growth. The financial report data shows that this group's consumption frequency and average single amount both exhibited an upward trend.

CTrip CEO Ma Hongping pointed out in the financial report that the release of non-mainland city consumers' potential represents a significant opportunity for the company's development. However, as competition intensifies and customer acquisition costs rise, how to maintain growth while improving operational efficiency will be a major challenge facing the company.