Core Insights - Ctrip Group reported a net operating revenue of 13.8 billion RMB for Q1 2025, a year-on-year increase of 16% [1] - The net profit attributable to shareholders was 4.3 billion RMB, unchanged from the same period in 2024 [1] - The diluted earnings per share were 6.09 RMB [1] Business Performance - International OTA platform bookings increased by over 60% year-on-year [1] - Inbound travel bookings saw a growth of over 100% year-on-year [1] - Outbound hotel and flight bookings exceeded 120% of the pre-pandemic levels in 2019 [1] Revenue Breakdown - Accommodation booking revenue reached 5.5 billion RMB, up 23% year-on-year, driven by growth in accommodation bookings [1] - Transportation ticketing revenue was 5.4 billion RMB, an 8% increase year-on-year, attributed to the rise in ticket bookings [1] - Vacation business revenue amounted to 947 million RMB, a 7% year-on-year increase, mainly due to growth in vacation bookings [1] - Business travel management revenue was 573 million RMB, up 12% year-on-year, supported by an increase in business travel orders [1] - Business travel management revenue decreased by 18% quarter-on-quarter due to seasonal effects [1] Industry Outlook - The tourism industry maintained strong growth momentum in Q1 2025, supported by robust consumer demand and favorable policies [2] - The company emphasized its diversified market layout, which positions it to respond to global economic fluctuations and seize emerging opportunities [2] - The CEO highlighted the importance of innovation and customer-centric solutions to meet the evolving needs of travelers, contributing to sustained growth and long-term value creation for stakeholders [2]