Trip.com Group Limited American Depositary Shares - TCOM STOCK NEWS

Trip.com Group's data reveals notable travel trends for China's upcoming Golden Week holiday in October 2024. Key highlights include:

1. Hotel bookings peak on October 1st, with average stays over 7 days.
2. Mid to high-star hotels drive consumption, with 5-star bookings in Europe growing faster than in Asia-Pacific.
3. Long-haul destinations are on the rise, with European stays surpassing 10-14 days.
4. Travelers are exploring lesser-known destinations in Asia-Pacific and Europe.
5. Live entertainment is fueling tourism, especially among millennials in the APAC region.
6. Inbound tourism to China is growing, with 9 out of 10 top outbound destinations also being top inbound source markets.

The data reflects a shift towards high-quality, diverse travel experiences and a growing interest in cultural immersion beyond major capitals.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) reported its unaudited financial results for the second quarter and first half of 2024.

Key highlights include:

• Net revenue for Q2 2024 increased by 14% year-over-year to RMB12.8 billion (US$1.8 billion).
• Net income grew significantly to RMB3.9 billion (US$535 million) from RMB648 million in Q2 2023.
• Adjusted EBITDA for Q2 2024 was RMB4.4 billion (US$611 million), with a margin of 35%, up from 33% in Q2 2023.
• Accommodation bookings on Chinese sites grew by 20% year-over-year.
• Outbound hotel and air reservations recovered to 100% of pre-COVID levels.
• Total revenue of the international OTA brand increased by 70% year-over-year.

Additionally, the company completed a US$1.5 billion offering of cash-par settled convertible senior notes and repurchased approximately 6.0 million ADSs for US$300 million.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961), a leading one-stop travel service provider, will announce its financial results for Q2 and H1 2024 on August 26, 2024, U.S. Time. The company will host a conference call at 8:00 PM U.S. Eastern Time on the same day (8:00 AM on August 27, 2024, Hong Kong Time) following the announcement.

The conference call will be available via live webcast and replay on the company's investor relations website. Participants must pre-register for the call using the provided link to receive dial-in details and a unique access PIN.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) has completed its offering of US$1.5 billion in convertible senior notes due 2029. This includes an additional US$200 million from the initial purchasers' option. The notes, aimed at qualified institutional buyers, are unsecured and bear an interest rate of 0.75% per year, payable semiannually. The net proceeds will be used for debt repayment, overseas business expansion, and working capital. The initial conversion rate is 15.0462 ADSs per US$1,000 of the notes, equivalent to a conversion price of US$66.46 per ADS.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) announced the pricing of its US$1.3 billion convertible senior notes due 2029. These notes are offered to qualified institutional buyers and bear an interest rate of 0.75% per year, payable semiannually. The company has also granted an option to purchase an additional US$200 million in notes. The proceeds will be used for debt repayment, overseas business expansion, and working capital needs. Concurrently, Trip.com plans to repurchase approximately 6 million ADSs worth US$300 million, to offset potential share dilution. The initial conversion rate is 15.0462 ADSs per US$1,000 principal, with a conversion price of approximately US$66.46 per ADS, a 32.5% premium over the closing price on June 4, 2024. Conversion and redemption terms are specified, and the offering is expected to close around June 7, 2024.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) has announced a proposed offering of US$1.3 billion convertible senior notes due 2029, subject to market conditions. The company intends to use the net proceeds for repayment of existing debt, overseas business expansion, and working capital needs. The notes will be unsecured obligations and will mature on June 15, 2029. Holders may require repurchase under certain conditions. Concurrently, Trip.com plans to repurchase up to US$400 million of its ADSs, expected to offset potential dilution upon note conversion. Terms like the interest rate and initial conversion rate will be determined at the pricing of the offering. These notes have not been registered under the Securities Act and will only be offered to qualified institutional buyers.

Trip.com Group, a key travel service provider, will hold its Annual General Meeting (AGM) on June 18, 2024, at 2:30 p.m. Singapore time, at 30 Raffles Place, Singapore. This meeting will serve as an open forum for shareholders and American depositary shares (ADS) holders to discuss company affairs with the management. No proposals will be submitted for approval.

Shareholders recorded as of June 3, 2024, are entitled to attend the AGM. The notice of the AGM is available on Trip.com's Investor Relations website, the SEC's website, and the HKEX's website. Trip.com has also filed its annual report for the year ending December 31, 2023, with the SEC and HKEX. Shareholders can request a hard copy of the report by contacting the company's investor relations department.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) reported its unaudited financial results for Q1 2024, highlighting significant growth in both domestic and international markets. Key performance indicators include a 29% year-over-year increase in net revenue to RMB11.9 billion (US$1.6 billion) and a net income of RMB4.3 billion (US$599 million), up from RMB3.4 billion in Q1 2023. Adjusted EBITDA saw a 43% rise to RMB4.0 billion (US$550 million) with an improved margin of 33%. Notably, outbound hotel and air bookings surged over 100% year over year.

Accommodation reservation revenue increased by 29% to RMB4.5 billion (US$623 million), and transportation ticketing revenue rose 20% to RMB5.0 billion (US$692 million). Packaged-tour revenue grew by 129% to RMB883 million (US$122 million), while corporate travel revenue increased by 15% to RMB511 million (US$71 million). However, corporate travel revenue decreased by 19% from the previous quarter due to seasonality.

The company ended the quarter with RMB81.9 billion (US$11.3 billion) in cash and equivalents. Expenses rose across the board with cost of revenue increasing by 37%, product development by 16%, sales and marketing by 32%, and general and administrative expenses by 4% compared to Q1 2023.

Trip.com Group (Nasdaq: TCOM; HKEX: 9961) will announce its financial results for the first quarter of 2024 on May 20, 2024. The management team will host a conference call to discuss the results. Participants can register in advance to join the call.