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.

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