Welcome to our dedicated page for Trip.com Group news (Ticker: TCOM), a resource for investors and traders seeking the latest updates and insights on Trip.com Group stock.
Trip.com Group Limited reports news as a global online travel platform providing accommodation reservations, transportation ticketing, packaged tours, and corporate travel management. Its updates commonly cover quarterly and annual financial results, booking trends across domestic and international travel, inbound and outbound travel demand, and activity across brands including Ctrip, Qunar, Trip.com, and Skyscanner.
Company news also includes Form 20-F annual report announcements, HKEX-related reporting, conference-call notices, and regulatory matters affecting its travel platform operations, including the PRC Anti-Monopoly Law investigation disclosed by the company.
Trip.com Group Limited (Nasdaq: TCOM) has priced $500 million in exchangeable senior notes due 2027. The notes were offered in offshore transactions and can be exchanged for cash or Huazhu Group ADSs, with an initial exchange price of $40.36 per Huazhu ADS, representing a 20% premium over the last sale price. The notes carry a 1.50% annual interest rate, payable semiannually, and mature on July 1, 2027. Proceeds will be used for general corporate purposes, including debt repayment. The offering is expected to close around July 20, 2020.
Trip.com Group Limited (Nasdaq: TCOM) announced its proposal to offer up to US$500 million in exchangeable senior notes due 2027 in offshore transactions. The exchangeable notes will allow holders to receive cash, American depositary shares (ADS) of Huazhu Group Limited (Nasdaq: HTHT), or a combination of both. The funds will be used for general corporate purposes, including repaying existing debts. The announcement emphasizes that the offering is subject to market conditions and that no assurance can be given regarding its completion.
Trip.com Group has reported positive trends in the China travel market in its "2020 Dragon Boat Festival Holiday Tourism Big Data Report." Despite COVID-19 setbacks, domestic tourism revenue increased, with 37.77 million trips generating USD 1.36 billion over the holiday. Hotel and transport sectors saw growth of 15% and 13%, respectively. The report also highlights a shift towards premium travel experiences, with 60% opting for high-end hotels. Additionally, Trip.com Group launched the "Travel On" initiative, achieving over USD 70 million in sales. These factors indicate a promising recovery for the travel industry.