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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) 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.
Trip.com Group launched the 'LIVE for Trip' campaign from October 10 to November 11, 2020, to support the global travel industry's recovery. The initiative includes livestream promotions featuring significant discounts, totaling USD 150 million, during Trip.com LIVE broadcasts across Singapore, Hong Kong, and Japan. Following the announcement of a travel bubble between Singapore and Hong Kong, searches for flights increased by 56.4%. The campaign has generated over USD 360 million in gross merchandise value (GMV) and attracted 4.6 million views, helping to boost travel interest.
Trip.com Group has launched the 'LIVE for Trip' campaign to support the global travel industry's recovery. The campaign was highlighted during the Global Partner Summit held on October 29, attended by over 2,600 industry representatives including tourism, accommodation, and transportation sectors. Chairman James Liang and CEO Jane Sun emphasized digital transformation and innovative marketing strategies for travel revival. Notably, Trip.com Group's livestreams generated USD 360 million in GMV by October 28, showcasing effective content-driven marketing strategies.
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