The biggest Chinese online travel service reported better-than-expected profit and sales as demand for cross-border and holiday travel surged
Aug 28, 2024
Trip.com said the increase in sales came as more people traveled in China, especially during the holiday season. Executive Chairman James Liang said cross-border travel was particularly strong. CEO Jane Sun added that the company benefited from “the resilience of travel consumption in China.”
Key takeaways
- The company said revenue for the latest quarter was boosted by the resilience of travel consumption in China;
- Trip.com’s revenue from lodging reservations, transportation tickets, package tours and corporate travel were all higher;
- Accommodation reservation revenue climbed 20% to RMB5.1 billion in the second quarter.
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