This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

ELong CEO Discusses Q4 2010 Results - Question & Answer Session Transcript

eLong, Inc. ( LONG)

Q4 2010 Earnings Call

February 17, 2011 7:00 PM ET

Executives

Mike Doyle – CFO

Guangfu Cui – CEO

Analysts

Ming Zhao – SIG

Fawne Jiang – Brean Murry, Carret & Co

Adam Krejcik – Roth Capital Partners

Question-and-Answer Session

Operator

Thank you, sir. (Operator Instructions) Our first question is coming from the line of Ming Zhao from SIG. Please go ahead.

Ming Zhao – SIG

Thank you very much. Good morning, Guangfu and Mike. I have two questions here. The first question is on the hotel mix shift towards more budget hotel. Do you think your fourth quarter mix is already at the balanced structure meaning percentage-wise the budget hotel in the whole mix is stabilized going forward or do we still see this percentage of budget hotel going up in 2011?

Mike Doyle

Hi Ming, this is Mike. It’s difficult to say exactly where the budget hotel mix will settle. We’ve seen an increase each quarter now on six quarters running. We have stabilized a bit versus last quarter and about 35% of our room nights in the budget segment and this is up considerably from Q4 ‘09. We think that as the China consumer purchases travel for the first time and is purchasing travel online for the first time. Budget hotels represents an attractive product to them and we feel there is a lot of growth still in that segment.

Ming Zhao – SIG

Yeah I guess the reason I asked the question is I see your room night growth in the fourth quarter was very good, almost 40% year-over-year, but the revenue is up by 25% which is partly because of this shift. So going forward would you say that this gap between your volume growth and revenue growth will be narrower and narrower?

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs