Welcome to our dedicated page for Tripcom Group news (Ticker: TCOM), a resource for investors and traders seeking the latest updates and insights on Tripcom Group stock.
Trip.com Group Ltd (TCOM) provides a comprehensive news hub for tracking this global travel leader's strategic developments. Investors and industry observers will find curated press releases and analysis-worthy updates covering operational milestones across accommodation reservations, transportation services, and corporate travel solutions.
This resource centralizes critical announcements including quarterly earnings reports, technology partnerships, and market expansion initiatives. Users gain insights into how the company leverages AI-driven platform enhancements and responds to evolving travel industry dynamics.
All content undergoes strict verification to ensure factual accuracy and relevance. The chronological organization enables efficient tracking of TCOM's progress in maintaining its position as a leading online travel agency across domestic and international markets.
Bookmark this page for streamlined access to Trip.com Group's official communications and third-party analyses. Regular updates provide stakeholders with the timely information needed to assess the company's operational health and strategic direction.
Trip.com Group (TCOM) reported strong Q4 2024 financial results with net revenue of RMB12.7 billion (US$1.7 billion), up 23% year-over-year. Net income reached RMB2.2 billion (US$300 million), compared to RMB1.3 billion in Q4 2023.
International business showed robust growth with outbound hotel and air ticket bookings exceeding 120% of pre-COVID levels. Air ticket and hotel bookings on the international OTA platform increased by over 70% year-over-year, while inbound travel bookings surged by more than 100%.
For full-year 2024, net revenue was RMB53.3 billion (US$7.3 billion), a 20% increase from 2023. The company announced a new capital return program including a US$400 million share repurchase authorization and a US$0.30 per share dividend, totaling approximately US$200 million.
Trip.com Group (TCOM) has announced it will release its fourth quarter and full year 2024 financial results on Monday, February 24, 2025, after U.S. market close. The company's management will host a conference call at 7:00 PM U.S. Eastern Time on the same day (8:00 AM February 25, 2025 Hong Kong Time).
The conference call will be accessible via webcast with live and replay options available at investors.trip.com. The webcast will be archived for twelve months. Participants must pre-register for the conference call through a provided registration link to receive dial-in numbers and a unique access PIN.
Trip.com Group (Nasdaq: TCOM; HKEX: 9961) announced changes to its board of directors on February 11, 2025. Mr. Junjie He, a director nominated by Baidu, has resigned from his position. He will be replaced by Mr. Rong Luo, the current Executive Vice President of Baidu.
Mr. Luo brings significant financial leadership experience, having served as Baidu's CFO from November 2021 to October 2024. His prior roles include CFO positions at TAL Education Group and eLong Inc., as well as financial management positions at Lenovo Group and Microsoft. He holds degrees from Peking University and Tsinghua University.
According to Trip.com Group's articles of association, Mr. Luo will serve as director until the first annual general meeting following his appointment, where he will be eligible for re-election.
Trip.com Group reported strong financial results for Q3 2024, with net revenue increasing 16% year-over-year to RMB15.9 billion (US$2.3 billion). Net income reached RMB6.8 billion (US$970 million), up from RMB4.6 billion in the same period of 2023. International business showed robust growth, with outbound hotel and air reservations reaching 120% of pre-COVID levels. The company's accommodation reservation revenue grew 22% to RMB6.8 billion, while transportation ticketing revenue increased 5% to RMB5.7 billion. Adjusted EBITDA improved to RMB5.7 billion (US$808 million) from RMB4.6 billion last year.
Trip.com Group (Nasdaq: TCOM; HKEX: 9961) has scheduled the release of its third quarter 2024 financial results for November 18, 2024, U.S. Time. The company will host a conference call at 7:00 PM U.S. Eastern Time on November 18 (8:00 AM November 19, Shanghai/Hong Kong Time). A webcast will be available live and for replay at investors.trip.com, with the recording archived for twelve months. Participants must pre-register for the conference call through the provided registration link to receive dial-in details and a unique access PIN.
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.
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