Trip Com Group Ltd

TCOM

Equity

ISIN US89677Q1076 / Valor 50840049

NASDAQ (2024-12-24)

USD 72.31-0.97%

Trip Com Group Ltd
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About company

Trip.com Group Ltd is a leading online travel agency that offers a wide range of travel services including hotel bookings, flight reservations, car rentals, and vacation packages.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Growth

In the third quarter of 2024, Trip.com Group Ltd reported a net revenue of RMB15.9 billion (US$2.3 billion), marking a 16% increase from the same period in 2023. This growth was primarily driven by stronger travel demand, reflecting a robust recovery in the travel industry.

Net Income Increase

Trip.com Group Ltd achieved a net income of RMB6.8 billion (US$970 million) for the third quarter of 2024, compared to RMB4.6 billion in the same period of 2023. This significant increase highlights the company's successful adaptation to the post-pandemic travel landscape.

Accommodation Revenue

For the third quarter of 2024, accommodation reservation revenue for Trip.com Group Ltd was RMB6.8 billion (US$969 million), representing a 22% increase from the same period in 2023. This growth was primarily driven by an increase in accommodation reservations, showcasing the recovery in travel activities.

Transportation Ticketing

Transportation ticketing revenue for Trip.com Group Ltd in the third quarter of 2024 was RMB5.7 billion (US$805 million), a 5% increase from the same period in 2023. The rise in transportation reservations contributed to this growth, indicating a resurgence in travel demand.

Packaged-Tour Revenue

Trip.com Group Ltd reported packaged-tour revenue of RMB1.6 billion (US$222 million) for the third quarter of 2024, reflecting a 17% increase from the same period in 2023. The increase in packaged-tour reservations was a key factor in this growth, underscoring the recovery in leisure travel.

Summarized from source with an LLMView Source

Key figures

110%1Y

204%3Y

110%5Y

Performance

42.6%1Y

53.5%3Y

50.5%5Y

Volatility