Travel services provider Trip.com Group-S (09961) has announced its financial results for the first quarter of 2026.

The company reported net operating revenue of RMB 16.2 billion, representing a 17% increase compared to the same period last year.

Net profit attributable to shareholders of Trip.com Group for the quarter was RMB 2.5 billion. This compares to a profit of RMB 4.3 billion in the first quarter of 2025.

Diluted earnings per ordinary share and per American Depositary Share (ADS) were RMB 3.67.

Drivers of Revenue Growth

The 17% year-on-year rise in net operating revenue for Q1 2026 was primarily attributed to the resilience of travel demand.

Revenue also increased by 5% compared to the previous quarter, a result largely driven by seasonal factors.

Management Commentary

James Liang, Executive Chairman of the Board at Trip.com Group, commented on the ongoing recovery in inbound tourism, stating it is creating significant opportunities across the travel value chain and contributing to local economic development.

He emphasized the company's commitment to strengthening the connection between global travelers and local services through continued investment in technology R&D, product innovation, and destination enablement.

Liang added that the company is deepening its destination service capabilities and ecosystem interconnectivity to fully unlock the potential of inbound tourism and create long-term value for all stakeholders, expressing optimism about the industry's future.

Jane Sun, Chief Executive Officer of Trip.com Group, noted the market's robust performance in Q1, supported by growing international travel demand and an increasing interest in personalized experiences.

In response to evolving market needs, she highlighted the company's close collaboration with local partners to make travel more convenient and seamless.

Sun pointed to technological innovation, AI-driven solutions, and strategic destination expansion as key tools for helping travelers overcome language and information barriers, and for connecting more partners, including first-time entrants to the international tourism space, with global demand.

Looking ahead, the company plans to further deepen its partner ecosystem to collectively seize the opportunities presented by the growth in international travel.