Ctrip CEO on Positioning For Trade War

The video discusses China's strategy of limiting outbound tourism to the US amid trade tensions, highlighting the significant spending power of Chinese tourists. The CEO of a major travel company, C Trick, shares insights on business travel resilience, market adjustments, and strategic priorities for 2019. The company focuses on efficiency in the domestic market and exploring new markets, while also addressing macroeconomic and industry-specific challenges. The importance of global collaboration and peace is emphasized for mutual benefits.

What is one of China's strategies in response to trade tensions with the US?

• Restricting the number of tourists going to the US

• Investing in US technology companies

• Lowering tariffs on US goods

• Increasing exports to the US

What percentage of C Trick's business is accounted for by business travelers?

• 25%

• 50%

• 75%

• 100%

How might mid to high-end customers adjust their travel plans due to budget constraints?

• Travel more frequently to the US

• Choose more expensive destinations

• Opt for nearby cities or domestic travel

• Cancel all travel plans

What is one of C Trick's main priorities for 2019?

• Increasing commission rates

• Achieving more efficiency in the domestic market

• Expanding into the US market

• Reducing the number of business travelers

Why is global cooperation important according to the CEO of C Trick?

• It allows for more competition in the travel industry

• It is good for all countries, including Europe and the UK

• It benefits only China and the US

• It helps reduce travel costs