Strong international growth and AI investments drive success, despite Nasdaq stock dip
Feb 27, 2025
Trip.com’s Hong Kong-listed shares jumped after the company reported a 72% increase in net income for the year, fueled by a strong recovery in the global tourism industry. Despite the positive financial results, the company’s U.S.-listed stock saw a sharp decline. The company attributed its success to rising demand for travel, strategic investments in AI, and a focus on inbound tourism to China.
Key takeaways
- Strong earnings growth: Net profit rose 72% year over year to CNY17.1 billion ($2.3 billion), with revenue up 20% to CNY53.3 billion;
- Q4 performance: In the fourth quarter, net income increased 69% to CNY2.2 billion, while revenue increased 23% to CNY12.7 billion;
- International expansion: Overseas hotel and air bookings on the Chinese platform surpassed 2019 levels by 20%, while bookings on international sites increased by more than 70%;
- Inbound travel boost: Inbound travel bookings to China more than doubled in 2024, with a 150% increase in bookings from visa-free countries;
- Strategic investments: The company is focusing on AI development and promoting inbound tourism to improve the travel experience;
- Stock market reaction: Trip.Com’s Hong Kong-listed shares rose 4.5%, but its Nasdaq-listed shares fell 11.4%.
Get the full story at Trip.com
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