Citi see empty Ctrip where to wait for online travel

According to the Southern Metropolis Daily, Citigroup analyst Li Muzhi reported in Monday that the bank's analysis of the hotel's sales channels showed that "the outlook for online tourism agencies Ctrip" was bleak. Li Muzhi recently reiterated that Ctrip's stock rating was "sold", saying the company was under competitive pressure. He noted that while the overall tourism market was booming, online travel agencies accounted for only a small share of the market and accounted for about 10% per cent of the total number of hotel rooms.　　He also points out that Nasdaq:bidu, where the company owns 2/3 of ownership, appears to be shrinking its business. According to its analysis, the market had assumed that online travel agencies would grab more market share from offline agencies, but where the destructive power of companies would make it easier for offline travel agencies to sell their services online, reducing the share of online travel agencies.