On February 22nd, Ctrip Group (TCOM-NASDAQ, 9961. HK) announced its unaudited financial performance for the fourth quarter and full year of 2023. In the fourth quarter of 2023, Ctrip achieved a net operating income of 10.3 billion yuan, a year-on-year increase of 105%; The net profit was 1.3 billion yuan, a year-on-year decrease of 38%. In 2023, Ctrip achieved a net operating income of 44.5 billion yuan, a year-on-year increase of 122%; The net profit was 10 billion yuan, a year-on-year increase of 614%.
Ice and snow tourism, as well as local cultural and tourism activities, have caused the traditional off-season tourism market to maintain high heat in the fourth quarter, driving the growth of Ctrip's various businesses. In the fourth quarter, Ctrip's accommodation booking revenue was 3.9 billion yuan, a year-on-year increase of 131%; The operating revenue of transportation ticketing was 4.1 billion yuan, a year-on-year increase of 86%; The operating revenue of tourism and vacation business was 704 million yuan, a year-on-year increase of 329%; The operating revenue of business travel management business was 634 million yuan, a year-on-year increase of 129%. In the fourth quarter, Ctrip's net operating revenue increased by 105% year-on-year, reaching 10.3 billion yuan.
In the fourth quarter of 2023, Ctrip's outbound hotel and flight bookings recovered to over 80% of the same period in 2019, while the international aviation industry's passenger volume recovered to 60%; The total bookings on Ctrip International OTA platform increased by over 70% year-on-year.
In 2023, Ctrip's net operating income was 44.5 billion yuan. Among them, the revenue from accommodation booking was 17.3 billion yuan, the revenue from transportation ticketing was 18.4 billion yuan, the revenue from tourism and vacation business was 3.1 billion yuan, and the revenue from business and tourism management business was 2.3 billion yuan, with year-on-year growth of 133%, 123%, 294%, and 109%, respectively.
In 2023, through refined operations, the number of airport segments in fourth - and fifth tier cities on the Ctrip platform has significantly increased, with a year-on-year increase of 127% and a 13% increase compared to 2019. The number of new homestay merchants admitted by Ctrip increased by 122% year-on-year throughout the year. Through professional training, traffic exposure, and other measures, the GMV of new homestay merchants in 2023 increased by more than three times compared to 2022.
The tourism industry has a significant driving effect on consumption such as accommodation, catering, and shopping, and is also an effective way for rural revitalization. In 2023, Ctrip opened 8 new vacation farms, with a total of 28 currently. These Ctrip vacation farms have driven an average annual income growth of 40000 yuan per capita for local employees, creating a cumulative value of 860 million yuan, indirectly bringing about a growth of 580 million yuan in related industry chain output value and more than 20000 new jobs in related industries.