Mid to high-star hotels drive consumptionChinese travellers are seeking destinations beyond key capitals with a focus on lesser-known destinations Top outbound destinations are in APAC: Japan, Thailand, South KoreaEuropean long-haul travel is up almost 30%, with multi-destination trips above the global average length of stay.     SHANGHAI, Sept. 24, 2024 /PRNewswire/ -- As millions of Chinese travellers prepare for the upcoming Golden Week holiday in October, Trip.com Group's latest data reveals notable tra ...

携程（TCOM.O） 更新报告 买入 2024 年 9 月 4 日 国内业务彰显韧性，出境及海外延续高增 24Q2 业 绩增 长 超预期 ： 24H1 集团实现收入 、经调整 净利润分别为 247.1/90.4 亿元人民币（下同），同比+20.7%/+64.4%，其中 24Q2 收入、 经调整净利润分别为 127.9/49.9 亿元，同比+13.5%/+45.2%。在当前国内 旅游行业或面临价格扰动的环境下，集团经营增长彰显韧性。 国内出行稳健，出境及海外延续高增：分业务看，集团于 24H1 住宿预订/交通 票务/旅游度假/商旅管理/其他业务收入分别为 96.3/98.7/19.1/11.4/21.5 亿 元，同比+24.0%/+10.0%/+72.2%/+11.2%/+34.5%，其中 24Q2 单季度收入分别 为 51.4/48.7/10.3/6.3/11.2 亿 元 ， 同 比 +19.9%/+1.2%/+42.0%/+8.4%/ +31.0%。分区域市场看，集团中文站点 24Q2 酒店预订共计同比约+20%。我们 预计，其中 1）国内游方面，集团期内受酒店价格波动的负面影响略好于行 业，且酒店及交通票 ...

Klaus Vedfelt Recap and Q2 Earnings We last covered Trip.com (NASDAQ:TCOM) (OTCPK:TRPCF) back in Nov 2023. Coverage history (Seeking Alpha) We noted that the management was cautious about the company's potential for short-term margin expansion because it has increased marketing spending to compete with other nearby businesses like Meituan (OTCPK:MPNGF) and Douyin, the parent company of TikTok. With a strategic alliance with Booking (BKNG) and an edge in the supply chain, management was enthusiastic ab ...

Trip.com (TCOM US) Resilient travel demand amid peak summer season to ease market concern Trip.com Group (TCOM) released (27 Aug) 2Q24 results: net revenue was RMB12.8bn, up 13.6% YoY, in line with Bloomberg consensus estimates; nonGAAP operating income (OP) was RMB4.2bn, 6% better than consensus forecast at RMB4.0bn, thanks to better-than-expected cost control on R&D. Excluding the RMB1.1bn impact from equity in income of affiliates, non-GAAP net income of RMB3.9bn was 9% better than consensus. Although fa ...

Key TakeawaysOnline travel platform Trip.com Group reported better-than-expected profit and sales as demand for cross-border and holiday travel surged.The biggest Chinese online travel service said revenue for the latest quarter was boosted by the resilience of travel consumption in China.Trip.com's sales for accommodation reservations, transportation ticketing, package tours, and corporate travel were all higher.Its U.S.-listed shares jumped nearly 9% Tuesday after the earnings news was released. U.S.-list ...

Key TakeawaysShares of companies in the travel industry moved higher Tuesday, aided by strong earnings results from Singapore-based travel platform Trip.com.Stocks posting gains included cruise operators Norwegian Cruise Line, Royal Caribbean, and Carnival, as well as online travel platform Expedia.Cruise operators received an additional boost from a Zacks Equities Research report highlighting the industry's booking and pricing trends. Shares of travel-industry companies moved higher on Tuesday, lifted by t ...

Trip.com (TCOM) came out with quarterly earnings of $1 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.70 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 35.14%. A quarter ago, it was expected that this travel services company would post earnings of $0.62 per share when it actually produced earnings of $0.83, delivering a surprise of 33.87%.Over the last four quarters, the co ...

sefa ozel Executive summary Trip.com (NASDAQ:TCOM) owns the leading travel sales platform in China, with an estimated 50% market share and a growing presence in South East Asia. The group owns the leading online travel brands in the market and can drive traffic to its platform efficiently, providing merchants with the largest pool of potential customers. As of late, the company's profits have been growing rapidly as travel restrictions out of China are being eased and travellers flock to Thailand, Japan and ...

Trip.com Group Limited (NASDAQ:TCOM) Q2 2024 Earnings Conference Call August 26, 2024 8:00 PM ET Company Participants Michelle Qi - Senior IR Director James Liang - Executive Chairman Jane Sun - CEO Cindy Wang - CFO Conference Call Participants Joyce Ju - Bank of America Alex Poon - Morgan Stanley Thomas Chong - Jefferies Brian Gong - Citi Alex Yao - JPMorgan Wei Xiong - UBS Simon Cheung - Goldman Sachs Jiong Shao - Barclays Ellie Jiang - Macquarie Parash Jain - HSBC Operator [Starts Abruptly] After the spe ...

Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2024 Financial Results 08/26/2024 SINGAPORE, Aug. 26, 2024 /PRNewswire/ -- Trip.com Group Limited (Nasdaq: TCOM; 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 second quarter and first half of 2024. Key Highlights for the Second Qua ...