This Day On The Street
Continue to site
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

ELong's CEO Discusses Q1 2012 Results - Earnings Call Transcript

eLong, Inc. (EPOC)

Q1 2012 Earnings Call

May 17, 2012 8:00 p.m. EDT


Guangfu Cui – CEO

Mike Doyle – CFO


Alicia Yap – Barclays Capital

Eddie Leung – Merrill Lynch

Fawne Jiang – Brean Murray

Wendy Huang – RBS

[Geena Chen] – [TH Capital]


(Q&A Session Transcription Only)

Question-and-Answer Session


Thank you. (Operator Instructions).

Our first question comes from Alicia Yap of Barclays. Ma’am, you may begin.

Alicia Yap – Barclays Capital

Hi, good morning. Yeah, good morning. Thanks for taking my questions. Wanted to understand a bit on your hotel business breakdown, how much of the volume is from leisure versus the business travel. And is the first quarter high volume growth helped by the Chinese New Year promotion that we should expect some seasonal drop in the second quarter?

Mike Doyle

This is Mike. As far as the mix between business and leisure, it’s not a metric that we track closely regularly. We believe that our growth is very much being fueled by the expansion of the leisure market in China, and we believe that our mix is shifting towards leisure. Our best guess is that we are about two-thirds business, one-third leisure today, with the leisure market growing faster than the business market.

As far as the seasonality of our business, we certainly do see a spike around Spring Festival with leisure demand, but we saw strong rates of room night growth in every month of Q1, and we don’t expect any difference to seasonal patterns in Q2.

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
Only $9.95
14-Days Free
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
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $93.74 0.00%
FB $117.58 0.00%
GOOG $693.01 0.00%
TSLA $240.76 0.00%
YHOO $36.60 0.00%


Chart of I:DJI
DOW 17,773.64 -57.12 -0.32%
S&P 500 2,065.30 -10.51 -0.51%
NASDAQ 4,775.3580 -29.9330 -0.62%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs