BEIJING, Sep. 28, 2009 (Xinhua News Agency) -- China's leading online travel agent Ctrip.com International, Ltd. (NASDAQ:CTRP) (CTRP.NASDAQ) was rated "neutral" by China International Capital Corporation Limited (CICC), given that the current price does not reflect potential challenges to the company.
Ctrip will be placed under greater pressure as business models and the industrial landscape changes with the emergence of Travel 2.0, which incorporates meta-search engines and comprehensive service providers.
Despite Ctrip's positive efforts to diversify its business through developing economic hotels and strengthening business travel services, their contribution to its income will be limited over the next two to three years, CICC said.
The target price of Ctrip will be 48 US dollars, CICC estimated.
