Yes. On March 4, Ctrip Group released its financial results for the fourth quarter and full year ended December 31, 2020, with net operating income of RMB18.3 billion and GMV of RMB395 billion for the full year of 2020, stabilizing its position as the No. 1 online travel company in the global travel industry for three consecutive years. The strength of the recovery is in a leading position compared to global peers.

The key to Ctrip's business recovery has been domestic short-haul and local travel, for example, in the fourth quarter of 2020, GMV of provincial hotels grew by more than 20% year-on-year, and bookings for scenic area tickets and local fun nearly doubled, with the outstanding performance of short-haul and local travel continuing into the Chinese New Year holiday.

It's not easy for Ctrip to achieve such results in 2020, after all, according to the United Nations World Tourism Organization, the global tourism industry will lose $1.3 trillion in revenue in 2020 due to the impact of the new coronavirus epidemic, making it the "worst year in the history of the tourism industry". This background Ctrip full-year results in the industry head.

Extended information

Ctrip net operating income of 5 billion yuan in the fourth quarter of 2020

Ctrip Group released its financial results, showing that in the fourth quarter of 2020 Ctrip Group net operating income of 5 billion yuan, attributable to the shareholders of the Ctrip Group net income of 1 billion yuan, gross margin of 82%. Ctrip's gross profit margin reached 82%, a record high for the 11th consecutive quarter. Each of Ctrip's main businesses had its own highlights in the fourth quarter.

Breaking down Ctrip's revenue for the fourth quarter of 2020, the company reported 2.2 billion yuan of revenue from accommodation bookings; 1.7 billion yuan of revenue from transportation and ticketing, and 262 million yuan of revenue from travel and vacation in the fourth quarter of 2020; and the full-year 2020 revenue for the above businesses was 7.1 billion yuan, 7.1 billion yuan, and 1.2 billion yuan, respectively.