Tripcom Group Ltd Stock Price, News & Analysis

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.