Welcome to our dedicated page for Trip.com Group American Depositary Shares news (Ticker: TCOM), a resource for investors and traders seeking the latest updates and insights on Trip.com Group American Depositary Shares stock.
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 Limited (Nasdaq: TCOM) announced the launch of its Hong Kong Public Offering, part of a global offering totaling 31,635,600 ordinary shares. The offering consists of 2,214,500 shares for the Hong Kong Public Offering and 29,421,100 shares for international investors, with a maximum price of HK$333.00 per share (approximately USD 42.95). The company aims to use the proceeds for expansion, technology investments, and working capital. The application process for this offering is fully electronic, starting on April 8, 2021, and closing on April 13, 2021.
Trip.com Group Limited (Nasdaq: TCOM) announced that its extraordinary general meeting held on March 18, 2021, resulted in the adoption of a resolution for a share subdivision. Each ordinary share of nominal value US$0.01 will be subdivided into eight shares of nominal value US$0.00125, effective March 18, 2021. Concurrently, the ADS ratio will change from eight ADSs representing one ordinary share to one ADS representing one ordinary share. This adjustment is neutral in impact on the ADS holders' interests, requiring no action on their part.
Trip.com Group Limited (Nasdaq: TCOM) filed its annual report on Form 20-F with the SEC on March 15, 2021. The report includes audited financial statements for the three years ended December 31, 2020. This comprehensive document is available on the Company's website, and securities holders can request a copy free of charge. Trip.com Group is a major player in the travel industry, offering diverse services through its platforms, including Trip.com and Ctrip, enabling users to make informed bookings efficiently.
Trip.com Group reported its Q4 and full-year 2020 financial results, highlighting a strong recovery in its domestic China business despite the ongoing impacts of COVID-19. Q4 net revenue was RMB5.0 billion (US$761 million), down 40% YoY, while full-year revenue fell 49% to RMB18.3 billion (US$2.8 billion). The company's gross margin was 82% for Q4. Significant declines in accommodation, ticketing, and packaged-tour revenues were noted. However, non-GAAP operating profit margin for the year stood at 2%. The cash balance as of December 31, 2020, was RMB59.6 billion (US$9.1 billion).
Trip.com Group Ltd. (Nasdaq: TCOM) is set to announce its fourth quarter and full year 2020 financial results on March 3, 2021, after market close. The management team will host a conference call at 7:00 PM ET on the same day, with a replay available until March 11, 2021. Participants can register for the call via the provided link. Trip.com Group, founded in 1999, is a leading travel service provider, offering platforms like Trip.com, Ctrip, and Skyscanner for comprehensive travel bookings and services.
Trip.com Group Limited (Nasdaq: TCOM) will hold an extraordinary general meeting (EGM) on March 18, 2021, to discuss a proposal for a one-to-eight share subdivision. This change will adjust the American depositary share (ADS) ratio from eight ADSs per ordinary share to one ADS per ordinary share, effective the same day. The record date for shareholders entitled to vote is February 16, 2021. Importantly, the change will not affect the percentage interest represented by each ADS or impact trading prices on Nasdaq.
Trip.com Group Limited (Nasdaq: TCOM) will hold its 2020 annual general meeting on December 21, 2020, at 9:30 a.m. Shanghai/Hong Kong Time. The meeting, located at Building 16, Sky SOHO, Shanghai, will not present any proposals for shareholder approval but will facilitate an open discussion between shareholders and management. Only holders of record as of December 10, 2020, are entitled to attend. Shareholders can view the meeting notice and the company’s annual report on its Investor Relations website.
Trip.com Group Limited (NASDAQ: TCOM) announced its Q3 2020 results, showing a net revenue of RMB5.5 billion (US$805 million), a 48% decline YoY but a 73% improvement from Q2 2020.
Domestic air ticketing and hotel reservations in China experienced growth, with mid-to-high-end hotel bookings up significantly. Operating income was RMB790 million (US$117 million), showing strong profitability despite COVID-19 challenges. The company expects a further revenue decline of 37% to 42% in Q4 2020 due to ongoing pandemic effects.
Trip.com Group Ltd. (Nasdaq: TCOM) will announce its third quarter 2020 results on December 1, 2020, after market close. The management team will hold a conference call at 7:00 PM Eastern Time on the same day, which will be accessible via a live webcast. Interested participants must pre-register to join the call. Trip.com is recognized as a leading travel service provider, facilitating comprehensive booking solutions through its platforms, including Trip.com, Ctrip, Skyscanner, and Qunar.
Trip.com Group has launched the “LIVE for Trip” campaign from October 10 to November 11, 2020, to support the recovery of the travel industry. The campaign includes USD 150 million in discounts and features localized live broadcasts from Singapore, Hong Kong, and Japan. Significant increases in flight and hotel searches were reported in Singapore post the announcement of a travel bubble with Hong Kong. The campaign has generated over USD 360 million in gross merchandise volume (GMV) since March 2020, highlighting innovative marketing strategies during the pandemic.
FAQ
What is the current stock price of Trip.com Group American Depositary Shares (TCOM)?
What is the market cap of Trip.com Group American Depositary Shares (TCOM)?
What services does Trip.com Group Limited provide?
What percentage of Trip.com Group's revenue comes from international business?
How did Trip.com Group perform in the third quarter of 2023?
What is the primary market for Trip.com Group Limited?
Which brands operate under Trip.com Group's portfolio?
How is Trip.com Group expanding its business?
What was the net income of Trip.com Group for the third quarter of 2023?
What are the recent financial initiatives undertaken by Trip.com Group?
How does Trip.com Group generate most of its revenue?
What mission does Trip.com Group aspire to achieve?
