Trip.com Group Reports 16% Revenue Increase and Maintains Net Income of RMB4.3 Billion in Q1 2025

Reuters
05/20
Trip.com Group Reports 16% Revenue Increase and Maintains Net Income of RMB4.3 Billion in Q1 2025

Trip.com Group Ltd., a prominent global travel service provider, has announced its unaudited financial results for the first quarter of 2025. The company reported a net revenue of RMB13.8 billion (US$1.9 billion), marking a 16% increase compared to the same quarter in 2024. This growth was primarily fueled by stronger travel demand. The net revenue also saw a 9% rise from the previous quarter, attributed mainly to seasonal factors. Net income attributable to Trip.com Group's shareholders stood at RMB4.3 billion (US$591 million), consistent with the same period in 2024 and up from RMB2.2 billion in the previous quarter. On a non-GAAP basis, excluding certain adjustments, the net income was RMB4.2 billion (US$579 million), up from RMB4.1 billion in the same quarter of 2024 and RMB3.0 billion in the prior quarter. Accommodation reservation revenue soared to RMB5.5 billion (US$764 million), a 23% increase from the same period last year, driven by more reservations. This segment also experienced a 7% increase from the previous quarter due to seasonal influences. Key business highlights include a robust international performance, with overall reservations on the company's international online travel agency platform increasing by over 60% year-over-year. Inbound travel bookings surged by around 100% year-over-year, while outbound hotel and air ticket bookings exceeded 120% of the pre-COVID levels for the same period in 2019.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Trip.com Group Ltd. published the original content used to generate this news brief via PR Newswire (Ref. ID: CN90729) on May 19, 2025, and is solely responsible for the information contained therein.

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