携程2025年营收624亿元，国际业务贡献四成收入

Core Insights - Ctrip Group reported a 17% year-on-year increase in net operating revenue for 2025, reaching 62.4 billion RMB, with a net profit of 33.29 billion RMB, a 95% increase, largely due to investment gains of 19.9 billion RMB [1][5] - The company announced significant board changes, including the resignation of co-founder and president Fan Min, and the appointment of new independent directors Wu Yihong and Xiao Yang, effective February 25, 2026 [1] Financial Performance - In Q4 2025, Ctrip's net operating revenue was 15.4 billion RMB, a 21% increase year-on-year but a 16% decrease quarter-on-quarter due to seasonal factors [5] - The core OTA business transaction volume for 2025 was 1.1 trillion RMB, with accommodation and air ticketing contributing approximately 280 billion RMB (25%) and 550 billion RMB (50%) respectively [6] Market Dynamics - Ctrip's international OTA platform bookings grew by about 60% year-on-year, contributing 40% to total revenue, up from 35% the previous year [6] - The company served approximately 20 million inbound travelers in 2025, with a growth rate close to 100% [6] Strategic Initiatives - Ctrip plans to invest over 1 billion RMB to boost the inbound tourism market, focusing on platform enhancements and partnerships to promote Chinese tourist destinations [6] - The company aims to double the number of inbound tourists by 2026 [6] AI Integration - Ctrip's CEO Liang Jianzhang emphasized the importance of AI in enhancing operational efficiency and user experience, stating that AI will be a core pillar of the company's long-term strategy [7] - The company is developing specialized AI models tailored for the complexities of the travel industry, aiming to integrate AI deeply into various operational aspects [7]