Tripcom Group Ltd Stock Price, News & Analysis

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.

Trip.com Group has signed a strategic global agreement with Wyndham Hotels & Resorts, enhancing collaboration in the travel industry. This partnership enables Trip.com users to access over 9,000 Wyndham hotels across 22 brands, significantly boosting their accommodation inventory. The agreement aims to strengthen marketing initiatives and optimize the booking experience, particularly for Chinese travelers. Wyndham's popular presence in Mainland China is underscored by record sales during Ctrip's 919 Super Brand Day campaign. Both companies anticipate this alliance will accelerate recovery in global travel.

Trip.com Group Limited (Nasdaq: TCOM) announced an annual general meeting (AGM) for shareholders on December 21, 2021, at 9:00 a.m. Hong Kong time. Shareholders of record as of November 16, 2021, are entitled to participate. The AGM will focus on approving the adoption of a dual foreign name and the amendment of the Company's articles of association. The notice of the meeting is available on the Company's website and SEC's site. Trip.com Group is a leading global travel service provider, operating under brands like Ctrip and Skyscanner.

On October 18, 2021, Trip.com Group Limited (Nasdaq: TCOM) announced a $1.5 billion transferable term loan facility agreement with several financial institutions. The facility has a 3-year tenor and aims to repay an existing $1.5 billion term loan from July 2019. Trip.com Group, a premier travel service provider, offers accommodations, transportation, packaged tours, and corporate travel management globally. This strategic move reflects the company's efforts to manage its financial obligations effectively.

Trip.com Group (TCOM) reported a strong recovery in its second quarter of 2021, with net revenue reaching RMB5.9 billion (US$912 million), an 86% increase year-over-year and a 43% rise quarter-over-quarter. Key drivers included a 150% growth in domestic hotel and air-ticket GMV. Corporate travel revenue grew 141% year-over-year. However, the company faced a net loss of RMB647 million (US$100 million), compared to a loss of RMB476 million a year earlier. Gross margin improved to 79%. As of June 30, 2021, the company held RMB75.4 billion (US$11.7 billion) in cash and equivalents.

Trip.com Group Ltd. (Nasdaq: TCOM) will report its financial results for Q2 and H1 of 2021 on September 23, 2021, after market closure. The management will host a conference call at 8:00 PM U.S. Eastern Time the same day, with a live webcast available on their investor relations site. Participants must pre-register to join and will receive access details. A telephone replay will be available until October 1, 2021. Established in 1999, Trip.com Group is a leading global travel platform, providing various travel services.

On June 1, 2021, Trip.com Group and Tripadvisor announced an expansion of their strategic partnership, initially established in November 2019. This new collaboration includes a commercial arrangement to support Tripadvisor Plus, offering preferential pricing on over 10,000 properties for subscribers. Trip.com has received approval to sell a portion of its 6.95 million shares in Tripadvisor, relinquishing its right to nominate a director on Tripadvisor's board. Despite this, CEO Jane Sun will maintain her board position, indicating a commitment to continued collaboration.

Trip.com Group reported its Q1 2021 financial results, showing a resilient recovery in the China domestic market. Net revenue was RMB4.1 billion (US$628 million), down 13% year-over-year. Accommodation revenue surged 37% to RMB1.6 billion (US$241 million), while corporate travel management revenue soared 101% year-over-year. Net income attributable to shareholders reached RMB1.8 billion (US$273 million), contrasting with a net loss of RMB5.4 billion in the previous year. The company noted a strong recovery in domestic travel, particularly in March and April 2021, despite travel restrictions affecting early 2021.