In Q2 2015, China’s online accommodations booking market reached 19.52 billion yuan (US$3.09 billion), with an increase of 15.9% QoQ and 63.5% YoY.
China’s online accommodations booking competition remained fierce among the several companies. Ctrip led the market with the transaction volume of 8.81 billion yuan (US$1.42 billion), followed by Qunar, with 3.31 billion yuan (US$0.53 billion). Ctrip had 45.15% market share; Qunar 16.9%.
In Q2 2015, Ctrip acquired eLong in May; and Alitrip built the hotel backend service by the cooperation with Ant Financial. The first four vendors made up 79.8% of the whole market. According to Ctrip, in Q2 2015 it reached US$100 million in operating profit which was the first positive quarter after long-term losses and was the only one vendor gaining profits.
Also read: China Online Vacation Market in Q1 2015