Shares of the China-based online travelagency Ctrip International are trading higher Friday morning on better-than-expected results for the fourth quarter.
Backed by continued acceleration in hotel bookings and higher international revenues, leading online travelagency Expedia posted yet another quarter of solid growth despite a weak macro environment.
Priceline has rode overseas growth to become the best positioned online travelagency in the group, evidenced by a 65 percent increase in international bookings that helped pad strong 2011 first quarter profits.