Trip.com Group Ltd

09961

Company Profile

  • Business description

    Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international business, which is important to its margin expansion. Most of sales come from its online platform, but the company also maintains offline call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.

  • Contact

    968 Jin Zhong Road
    Shanghai200335
    CHN

    T: +86 2134064880

    E: [email protected]

    https://www.ctrip.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Travel Services

    Fiscal Year End

    31 December 2024

    Employees

    36,249

Trip.com Group Ltd News & Analysis

stocks

China’s travel stocks are benefitting from Covid-19 relaxations

But a V-shaped recovery like the one seen in 2021 is very unlikely in 2023.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries8,633.1066.100.77%
CAC 407,213.3214.870.21%
DAX 4019,146.17141.390.74%
Dow JONES (US)43,870.35461.881.06%
FTSE 1008,149.2764.200.79%
HKSE19,295.71305.40-1.56%
NASDAQ18,972.426.280.03%
Nikkei 22538,360.29334.120.88%
NZX 50 Index13,041.90276.662.17%
S&P 5005,948.7131.600.53%
S&P/ASX 2008,393.8070.800.85%
SSE Composite Index3,316.6653.74-1.59%

Market Movers