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Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a premier global one-stop travel platform. Established in 1999, the company is headquartered in China and has a strong international presence. Trip.com Group is renowned for providing comprehensive travel services including accommodation reservations, transportation ticketing, packaged tours, and corporate travel management.
The company primarily targets frequent independent travelers in China, offering them a wealth of information on hotels, flights, and vacation packages to make informed and budget-friendly travel bookings. This business model has enabled Trip.com Group to capture the rapidly growing market of independent travelers in China, a traditionally under-served segment of the travel industry.
Trip.com Group generated approximately 78% of its 2020 revenue from accommodation reservations and transportation ticketing, with the remainder from package tours and corporate travel. The company also operates various brands such as Ctrip, Qunar, Trip.com, and Skyscanner under its portfolio. Before the pandemic in 2019, 25% of its revenue came from international business, which remains crucial for margin expansion.
Highlighting its recent performance, Trip.com Group reported a significant rebound in both domestic and international travel for the third quarter of 2023. The company achieved a net revenue of RMB13.7 billion (US$1.9 billion), marking a 99% increase from the previous year, driven by strong summer travel demand. Accommodation and transportation ticketing revenues surged, underscoring the recovery of the travel market.
Trip.com Group continues to focus on global expansion and AI-related initiatives, enhancing its supply chain capabilities and brand awareness. With robust financial health, the company had cash and equivalents worth RMB79.0 billion (US$10.8 billion) as of September 30, 2023. Strategic moves include capital return initiatives like share repurchases and cash dividends aimed at rewarding shareholders.
Recent developments include a substantial convertible senior notes offering of US$1.5 billion, intended for debt repayment, overseas expansion, and working capital needs. This strategic financial maneuver highlights the company's adaptive approach to growth and resilience in the dynamic global travel market.
Trip.com Group's continuous innovation and commitment to customer service solidify its status as a leading travel service provider in China and globally. The company's mission is to inspire travelers and enable cost-effective and enjoyable travel experiences.
Trip.com Group (Nasdaq: TCOM) reported stable net revenue of RMB4.1 billion (US$649 million) for Q1 2022, flat year-over-year but down 12% from Q4 2021. Despite pandemic challenges in China, local hotel bookings rose over 20% year-over-year, and air-ticket bookings surged by 270% globally. Accommodation and corporate travel revenues decreased by 8% and 12%, respectively. The company showed resilience with a narrower operating loss of RMB359 million (US$55 million), down from RMB787 million a year ago, alongside a positive adjusted EBITDA of RMB91 million (US$16 million).
Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) will announce its first quarter 2022 financial results on June 27, 2022, after the market closes. A conference call hosted by the management team will follow at 8:00 PM U.S. Eastern Time. Participants can pre-register for the call and access the live webcast at Trip.com Investor Relations. The call will also be available for replay until July 5, 2022. Trip.com is a leading travel service provider offering a variety of travel products and services globally.
Trip.com Group Limited (Nasdaq: TCOM) announced its annual general meeting (AGM) will take place on June 30, 2022, at 1:30 p.m. Hong Kong time in Shanghai. There will be no proposals for shareholder approval; rather, it will serve as a forum for discussions with management. Record holders of ordinary shares as of June 9, 2022, are entitled to attend. The notice of the AGM is available on the Company's Investor Relations website and SEC's page. The Company has filed its annual report for the fiscal year ended December 31, 2021, with audited financial statements included.
The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) has established a strategic partnership with Trip.com Group at the Arabian Travel Market. The agreement aims to enhance Abu Dhabi's visibility in 13 international markets, targeting 57,000 room nights over the next year. This collaboration focuses on promoting the UAE capital as a premier travel destination while launching initiatives for sustainable tourism and talent development.
Leaders from both organizations highlighted the importance of shared marketing efforts to boost the tourism sector and enrich visitor experiences in Abu Dhabi.
Trip.com Group Limited (Nasdaq: TCOM) announced on April 27, 2022, the filing of its annual report on Form 20-F with the Securities and Exchange Commission. The report includes audited financial statements for the years ending December 31, 2021. It is available for review on the Company's investor website. Trip.com Group is a comprehensive travel service provider, catering to travelers in China and globally, offering accommodation, transportation, and corporate travel management services.
Trip.com Group Limited (Nasdaq: TCOM) reported its financial results for Q4 and the full year of 2021. The company showed resilience with a 9% annual revenue increase to RMB 20.0 billion (US$3.1 billion), despite a Q4 net revenue decrease of 6% to RMB 4.7 billion (US$735 million) due to COVID-19 impacts. Corporate travel revenue surged 54% for the year. However, net loss for Q4 was RMB 834 million (US$131 million), contrasting with a profit of RMB 1 billion in Q4 2020. Adjusted EBITDA decreased to RMB 54 million (US$7 million) for Q4, with an annual total of RMB 1.3 billion (US$203 million).
Trip.com Group Ltd. (Nasdaq: TCOM) will report its fourth quarter and full year 2021 financial results on March 23, 2022, after market close. Management will host a conference call at 8:00PM ET that same day, available via live webcast. Interested participants must pre-register to join, receiving dial-in details post-registration. The call will also be archived for replay until March 31, 2022. Trip.com Group is a leading global travel platform, offering a suite of services including accommodation, transportation, and corporate travel management.
Trip.com Group Limited (Nasdaq: TCOM) announced the adoption of significant resolutions during its annual general meeting in Shanghai on December 21, 2021. The resolutions include the adoption of the Chinese name "攜程集團有限公司" as the dual foreign name for the company and amendments to the company's Memorandum and Articles of Association, transitioning to a new Third Amended and Restated version. As a leading one-stop travel service provider, Trip.com Group continues to enhance its global travel platform.
Trip.com Group (Nasdaq: TCOM) reported its Q3 2021 financial results, revealing a net revenue of RMB5.3 billion (US$831 million), a 2% decrease year-over-year and a 9% decline from the previous quarter.
Accommodation reservations fell 11%, while transportation ticketing dropped 5%. However, packaged-tour revenues grew by 20%. The company faced challenges from COVID-19 resurgences but noted a 35% growth in intra-province hotel reservations.
Despite actions to enhance traveler confidence, the net loss attributable to shareholders was RMB849 million (US$131 million).
Trip.com Group Ltd. (Nasdaq: TCOM) will announce its third quarter 2021 results on December 15, 2021, after market close. A conference call will follow at 7:00 PM EST on the same day, accessible via Webcast. Participants must pre-register to join, receiving access details post-registration. For those unable to attend, a telephone replay will be available until December 23, 2021, with a specific international dial-in number provided. Founded in 1999 and listed on Nasdaq since 2003, Trip.com is a leading global travel platform.
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