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.

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精彩评论

  • Barbarazhao
    2021-05-19
    Barbarazhao
    Great. I bought more on this share recently. Still can add on more. 
  • tungngie
    2021-05-19
    tungngie
    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.
  • ZacC
    2021-05-19
    ZacC
    Please like and comment 
  • Felicialim
    2021-05-19
    Felicialim
    Good article!
  • mcwood
    2021-05-19
    mcwood
    [得意] 
  • miaomee
    2021-05-19
    miaomee
    Wow
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