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
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

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

Executives

Guangfu Cui – CEO

Mike Doyle – CFO

Analysts

Alicia Yap – Barclays Capital

Eddie Leung – Merrill Lynch

Fawne Jiang – Brean Murray

Wendy Huang – RBS

[Geena Chen] – [TH Capital]

Presentation

(Q&A Session Transcription Only)

Question-and-Answer Session

Operator

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

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

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

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
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!
DOW 17,051.73 -48.45 -0.28%
S&P 500 1,973.63 -4.59 -0.23%
NASDAQ 4,424.7040 -7.4420 -0.17%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto
Advertising Partners

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