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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.
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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.
Trip.com Group has officially launched its air charter service in Macau from October 29 to 31, 2020, at the Macau Business Aviation Exhibition. This service aims to enhance air charter connections between domestic and international destinations. With over 3,000 aircraft available from more than 200 international operators, customers can easily browse options online. The initiative addresses customer complaints about offline services, offering transparency in pricing and improved service quality, which is anticipated to foster growth in the Macau market.
Trip.com Group celebrated its 21st anniversary with the 'LIVE for Trip' campaign, generating over USD 56 million in transaction volume during a marathon livestream event. Overall, the campaign has amassed USD 360 million in gross merchandise value (GMV) and attracted 150 million+ viewers since March 2020. Collaborating with over 100 hotel brands, the initiative offers customers USD 150 million in discounts, reflecting a robust recovery in domestic travel in China, with hotel bookings up 300% year-on-year during the October Golden Week.
Trip.com Group CEO Jane Sun has been recognized by Fortune as one of the "Most Powerful Women International" for 2020, marking her fourth consecutive year on the list. Sun has been influential in the travel industry, prioritizing customer safety and innovating marketing strategies during the COVID-19 pandemic. Under her leadership, Trip.com Group launched the "Travel On" initiative, investing hundreds of millions into the travel sector and promoting recovery as domestic markets show improvement.
Trip.com Group is launching the "LIVE for Trip" campaign from October 10 to November 11, 2020, aimed at accelerating the recovery of the travel industry coinciding with its 21st anniversary.
The campaign will feature daily livestreams showcasing over 2,500 travel products with discounts exceeding $150 million. Key events include a marathon livestream on October 28 in Chengdu and the Global Partner Summit on October 29.
This initiative is part of Trip.com Group's broader strategy to support the travel sector amidst COVID-19 challenges, offering innovative solutions and flexible booking options.
Trip.com Group Limited (Nasdaq: TCOM) reported Q2 2020 results with net revenue of RMB3.2 billion (US$448 million), a 64% decline year-over-year. Domestic hotel and flight reservations showed recovery, yet international segments continued to struggle. The operating loss was RMB688 million (US$97 million), with a gross margin of 72%. The company anticipates a net revenue drop of 47%-52% for Q3 2020 due to ongoing COVID-19 impacts. As of June 30, 2020, cash and equivalents totaled RMB64.3 billion (US$9.1 billion).
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