Company Overview

Trip.com Group Limited, founded in 1999 and headquartered in Singapore, is a leading global travel service provider. The company offers a comprehensive range of services including accommodation reservation, transportation ticketing, packaged tours, in-destination services, and corporate travel management. Operating in China and internationally, Trip.com Group was formerly known as Ctrip.com International, Ltd., and rebranded to Trip.com Group Limited in October 2019. It was originally founded by James Jianzhang Liang, Min Fan, Neil Nanpeng Shen, and Qi Ji.

Business Operations and Services

The company's integrated platform offers a wide array of travel products and services, enriched with differentiated travel content, catering to both leisure and business travelers across multiple segments:

Accommodation and Transportation Services

- Accommodation: Acts as an agent for hotel bookings.

- Transportation: Facilitates selling air tickets, train tickets, long-distance bus tickets, and ferry tickets.

- Ancillary Services: Offers travel insurance (e.g., flight delay, air accident, baggage loss coverage), air-ticket delivery, online check-in and seat selection, express security screening, real-time flight status tracking, and airport VIP lounge access.

Tour Packages and Corporate Solutions

- Packaged Tours: Provides bundled tour products, including group, semi-group, and customized tours with various transportation arrangements (air, cruise, bus, car rental).

- Corporate Travel: Delivers solutions for business visits, incentive trips, meetings, and conferences, along with travel data collection, analysis, and industry benchmarking.

Brand Portfolio and Market Presence

Trip.com Group operates a diverse portfolio of well-known brands, including Ctrip, Qunar, Trip.com, Travix, Travelfusion, and Skyscanner. Founded in 1999, the company owns and operates several travel fare aggregators and metasearch engines. Its online presence spans websites in approximately 40 languages, serving users in over 200 countries.

The company's American Depositary Shares (ADSs) have been listed on the NASDAQ Global Market since December 2003 and the NASDAQ Global Select Market since July 2006. Ordinary shares were listed on the Hong Kong Stock Exchange in April 2021.

Financial Performance and Market Position

Trip.com Group has demonstrated strong financial recovery and growth. The company is a dominant player in the global online travel market, leveraging its extensive brand portfolio and technological capabilities.

Recent Financial Highlights

- Q2 2025 Results:

- Net Revenue: RMB14.8 billion (US$2.1 billion), a 16% increase year-over-year and 7% increase quarter-over-quarter.

- Net Income Attributable to Shareholders: RMB4.8 billion (US$676 million), up from RMB3.8 billion in Q2 2024.

- Revenue Breakdown (Q2 2025):

- Accommodation Reservation: RMB6.2 billion (US$869 million) - 21% increase YoY.

- Transportation Ticketing: RMB5.4 billion (US$753 million) - 11% increase YoY.

- Packaged-Tour: RMB1.1 billion (US$151 million) - 5% increase YoY.

- Corporate Travel: RMB692 million (US$97 million) - 9% increase YoY.

- Q3 2024 Performance:

- Net Revenue: RMB15.9 billion (US$2.3 billion) - 16% increase YoY.

- Diluted Earnings per Share/ADS: CNY9.93 or USD1.42.

International Growth and Recovery

International business has been a significant driver of growth, with overall reservations on the company's international OTA platform increasing by over 60% year-over-year in Q2 2025. Inbound travel bookings to China surged by over 100% year-over-year. Outbound hotel and air ticket bookings have surpassed 120% of pre-COVID levels (2019). At the time of its 2019 rebranding, international business represented approximately 35% of total revenue, with projections to grow to 40-50% within three to five years.

Financial Position and Capital Returns

As of December 31, 2024, the company held substantial liquidity:

- Cash & Equivalents, Investments: RMB90.0 billion (US$12.3 billion).

The company also demonstrates a commitment to shareholder returns:

- Share Repurchase Program (2025): Authorized up to US$400 million for ordinary shares and/or ADSs.

- Ordinary Cash Dividend (2024): Declared US$0.30 per ordinary share or ADS for the financial year 2024.

Strategic Focus Areas

Trip.com Group is focused on expanding its global footprint while maintaining its leadership in the Chinese travel market. Key strategic priorities include:

- Global Expansion: Continuing to grow its international operations, which commenced in 2009.

- Cross-Border Travel: Capitalizing on the recovery of cross-border travel, with a strong emphasis on inbound tourism to China and outbound travel from China.

- Technological Innovation: Leveraging technology to enhance user experience and service offerings across its diverse brand portfolio.

Trip.com Group stands as one of the world's largest online travel agencies, combining technological innovation with comprehensive travel services to serve millions of travelers globally through its diversified brand portfolio and extensive market presence.