“Ctrip is world’s top-three travel platform by gross transaction volume, but still we are only at the tip of the iceberg. China’s travel expenditure is around $800 billion, including various verticals like flight, hotels, in-destination, and more. As for the global market, it’s a massive $5 trillion market – 10% of GDP. We are only a small part of the industry in China and globally,” said Victor Tseng, Vice President of Chinese online travel giant Ctrip, at TechCrunch Hangzhou.

“With more than 180 million active users, Ctrip does have a lot of travel related data that’s accumulated over 20 years. We also cooperate with a lot of partners to see how we can present information and travel to personalize the service to each traveler’s needs.”

People’s rising passion for travel and the complexity in travel itinerary, especially those involve multiple stops and countries, is making online travel an increasingly successful business. With the help of emerging technologies like AI and big data, we are enjoying more convenient and affordable services that past travelers didn’t have.

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

What you get

Full access to all premium content and our full archives

Members'-only newsletters

Preferential access and discounts to all TechNode events

Direct access to the TechNode newsroom

Start your free trial now.

Get instant access to all our premium content, archives, newsletters, and online community.

Monthly Membership

Yearly Membership

Emma Lee

Emma Lee is Shanghai-based tech writer, covering startups and tech happenings in China and Asia in general. We are looking for stories related to tech and China. Reach her at lixin@technode.com.