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Trip.com rises 6% as first quarter brings surprise profit, revenue turnaround

Tiger Newspress2021-05-19

Trip.com Group Limited (Nasdaq: TCOM and HKEX: 9961) ("Trip.com Group" or the "Company"), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours and corporate travel management, today announced its unaudited financial results for the first quarter ended March 31, 2021.

Key Highlights for the First Quarter of 2021

  • Our business has showed resilient recovery in the China domestic market.

- Compared with the same period pre-COVID in 2019, both domestic hotel and air ticketing reservations have fully recovered since early March 2021 and achieved double-digit growth for the month.

- Revenues from corporate travel management grew 101% year-over-year and 6% compared with the same period in 2019.

"Trip.com Group's mission is to pursue the perfect trip for a better world. Over the past two decades, we have continuously been exploring and innovating to further expand our offerings," said James Liang, Executive Chairman. "Going forward, we will continue to expand product offerings, improve service quality, innovate our content, and bring new value to the travel industry."

"Despite the challenges in January and February of 2021 due to outbreaks of virus during the winter season, China domestic travel rebounded quickly in March and showed stronger momentum in April and May," said Jane Sun, Chief Executive Officer. "Quality leisure travel showed rapid growth, with reservations for mid to high-end hotels spearheading growth. Meanwhile, long-distance travel in mainland China has fully recovered, and short-distance travel has shown a continuing growth trajectory."

Trip.com once rose 6% in after hour trading.

免责声明:本文观点仅代表作者个人观点,不构成本平台的投资建议,本平台不对文章信息准确性、完整性和及时性做出任何保证,亦不对因使用或信赖文章信息引发的任何损失承担责任。

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评论21

  • Barbarazhao
    ·2021-05-19
    Great. I bought more on this share recently. Still can add on more. 
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  • tungngie
    ·2021-05-19
    As vaccine rolls out and govt urging industries to get bk moving as they wanna start gg into stopping QE phase, hope travel industry can recover. I am looking out for revenge spending on travelling as i am too.. wanting to travel to see my family members and loved one.
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  • ZacC
    ·2021-05-19
    Please like and comment 
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    • Acella
      😀
      2021-05-19
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    • 77c7f244
      Recovery play
      2021-05-19
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  • Felicialim
    ·2021-05-19
    Good article!
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    • jamieee
      LiKes
      2021-05-19
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  • mcwood
    ·2021-05-19
    [得意] 
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  • miaomee
    ·2021-05-19
    Wow
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  • Will monitor 
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  • Phantom3349
    ·2021-05-19
    Wow
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  • ISSEY1413
    ·2021-05-19
    Interesting. 
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  • Huatkia168
    ·2021-05-19
    Hmmm.. interesting 🤔 
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  • HappyCloud
    ·2021-05-19
    Pls like and comment. Thanks.
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    • tungleh
      Done
      2021-05-19
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    • HH浩
      RecIprocate
      2021-05-19
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  • 40c9acb5
    ·2021-05-19
    Pls like and comment 
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    • HappyCloud
      Pls Comment too.
      2021-05-19
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    • tungleh
      Done
      2021-05-19
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    • HH浩
      Reciprocate
      2021-05-19
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  • James3128
    ·2021-05-19
    Pls comment and like 
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    • HappyCloud
      Ok
      2021-05-19
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    • HH浩
      Reciprocate
      2021-05-19
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  • sharonyim
    ·2021-05-19
    pls like and comment 😊
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    • J5385
      liked
      2021-05-19
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    • sharonyim
      pls like and comment 😊
      2021-05-20
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  • Melodykjh
    ·2021-05-19
    Interesting 
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    • J5385
      like
      2021-05-19
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    • sunnylimbs
      sure
      2021-05-19
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  • Kelvinyoon26
    ·2021-05-19
    Like and comment 
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    • sharonyim
      pls like and comment 😊
      2021-05-19
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    • tungleh
      Done
      2021-05-19
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  • Ralfy
    ·2021-05-19
    Like and comment pls thks
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    • Nebhol
      Like comment
      2021-05-19
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    • Ralfy
      thks
      2021-05-19
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    • Ralfy
      thks
      2021-05-19
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  • lin2993
    ·2021-05-19
    Comment and like pls for trip.com
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    • 643dd069
      good
      2021-05-19
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    • Ralfy
      liked
      2021-05-19
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  • JL45
    ·2021-05-19
    Like and comment pls
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    • lin2993
      Comment too!
      2021-05-19
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    • JL45
      CommenT
      2021-05-19
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    • sunnylimbs
      sure
      2021-05-19
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  • Waffles_11
    ·2021-05-19
    Awesome 👍🏼
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