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The
stock, which trades on Nasdaq, plummeted 20 percent in recent
months due to China's economic turbulence and a recent merger
with money-losing peer Qunar. But Ctrip's dominant position in
the country's travel industry is likely to produce "rapid gains
in revenues and profit margins for years to come," the
publication said.
Even as growth in China's broader economy drops to the slowest
pace since the 2009 recession, its travel industry is booming,
growing 19 percent last year, Barron's said.
"China's online travel market could top America's by the end of
the decade," the magazine said.
(Reporting by Carl O'Donnell; Editing by Dan Grebler)
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