STOCK TITAN

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

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.

Rhea-AI Summary
Trip.com Group Limited (TCOM) reports strong financial results for the fourth quarter and full year of 2023, showcasing robust recovery in domestic and international businesses. Net revenue grew by 105% in Q4 2023 compared to the previous year, with net income reaching RMB1.3 billion. The company's focus on globalization and AI innovations is set to drive further growth in the future.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.59%
Tags
-
Rhea-AI Summary
Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) will announce its fourth quarter and full year of 2023 results on February 21, 2024. The management team will host a conference call at 7:00 PM U.S. Eastern Time on the same day. Participants must pre-register to join the call using the provided link. The call will be available on Webcast live and replay at http://investors.trip.com for twelve months.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.17%
Tags
conferences earnings
-
Rhea-AI Summary
Trip.com Group (NASDAQ: TCOM) collaborates with AWS to drive innovation in travel booking, personalized recommendations, and customer service. The multiyear agreement with AWS will allow Trip.com Group to leverage AWS’s global infrastructure and cloud technologies to expand their business globally, deliver seamless customer experiences, and drive innovation across the travel and hospitality industry. Trip.com Group uses AWS Graviton-powered Amazon Elastic Compute Cloud (Amazon EC2) instances to deliver high performance at a lower price for training large language models (LLMs). The company also unveiled a vertical LLM designed to offer increased accessibility, richer customer experiences, and reliable and personalized travel recommendations. Trip.com Group migrated more than 400 of its international business microservices to AWS, which significantly improved the speed of its air ticket booking system and reduced overall total memory consumption by more than 96%, resulting in substantial cost savings. The collaboration with AWS has also led to the successful launch of the “DreamNowTripLater” live video streams, which has generated $10 million in travel bookings to date. Additionally, Trip.com Group and AWS have developed a four-year training program to provide the company’s technologists with access to AWS Training and Certification’s comprehensive cloud training curriculum and resources.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.16%
Tags
none
Rhea-AI Summary
Trip.com Group (TCOM) Announces Strong Recovery and Significant Growth in Third Quarter 2023
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-10.61%
Tags
-
Rhea-AI Summary
Trip.com Group Limited (TCOM) to announce financial results for Q3 2023 on November 20, 2023. Management to host conference call for investors and analysts. Webcast and replay available at investors.trip.com. Participants must pre-register for unique access PIN.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.09%
Tags
conferences earnings
-
Rhea-AI Summary
Trip.com Group welcomes Italy's Minister of Tourism, discussing collaboration and promoting Italy as a destination. Search volumes and bookings for Italy travel products have significantly increased: flight search volume rose by 363% and accommodation bookings increased by 283% in August 2023 compared to the previous year.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
none
Rhea-AI Summary
Trip.com Group reports strong financial results for Q2 2023 with significant revenue growth and recovery in travel bookings. Domestic hotel bookings grew by 170% YoY and outbound hotel and air reservations reached over 60% of pre-COVID levels. Total net revenue increased by 180% YoY, and net income for Q2 was RMB648 million ($91 million), a significant improvement from the same period in 2022. Adjusted EBITDA margin was 33%, compared to 9% in 2022. The company remains optimistic about the long-term market outlook.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.25%
Tags
-
Rhea-AI Summary
Trip.com Group will announce its financial results for Q2 2023 on September 4, 2023. Conference call details available at http://investors.trip.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.36%
Tags
conferences earnings
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
buyback
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.95%
Tags
none

FAQ

What is the current stock price of Trip.com Group American Depositary Shares (TCOM)?

The current stock price of Trip.com Group American Depositary Shares (TCOM) is $68.43 as of October 4, 2024.

What is the market cap of Trip.com Group American Depositary Shares (TCOM)?

The market cap of Trip.com Group American Depositary Shares (TCOM) is approximately 44.3B.

What services does Trip.com Group Limited provide?

Trip.com Group Limited offers accommodation reservations, transportation ticketing, packaged tours, and corporate travel management.

What percentage of Trip.com Group's revenue comes from international business?

In 2019, international business contributed about 25% of Trip.com Group's revenue.

How did Trip.com Group perform in the third quarter of 2023?

Trip.com Group reported net revenue of RMB13.7 billion (US$1.9 billion) for the third quarter of 2023, signifying a 99% increase from the same period in 2022.

What is the primary market for Trip.com Group Limited?

Trip.com Group primarily targets frequent independent travelers in China.

Which brands operate under Trip.com Group's portfolio?

Trip.com Group operates brands including Ctrip, Qunar, Trip.com, and Skyscanner.

How is Trip.com Group expanding its business?

Trip.com Group is focusing on global expansion, AI-related initiatives, and strategic capital return measures like share repurchases and dividends.

What was the net income of Trip.com Group for the third quarter of 2023?

The net income for the third quarter of 2023 was RMB4.6 billion (US$637 million).

What are the recent financial initiatives undertaken by Trip.com Group?

Trip.com Group recently completed a US$1.5 billion convertible senior notes offering, aimed at debt repayment, overseas expansion, and working capital.

How does Trip.com Group generate most of its revenue?

In 2020, about 78% of Trip.com Group's revenue came from accommodation reservations and transportation ticketing.

What mission does Trip.com Group aspire to achieve?

Trip.com Group's mission is to inspire travelers to explore the world and enable cost-effective and enjoyable travel experiences.

Trip.com Group Limited American Depositary Shares

Nasdaq:TCOM

TCOM Rankings

TCOM Stock Data

44.28B
674.29M
38.36%
1.58%
Travel Services
Consumer Cyclical
Link
United States of America
Singapore