On February 26, Trip.com Group Limited announced its unaudited financial results for the fourth quarter and the full year of 2025.

The report indicates that for the fourth quarter of 2025, Trip.com Group's net operating revenue reached RMB 15.4 billion, marking a 21% increase compared to the same period last year, primarily driven by resilient travel demand. Sequentially, net operating revenue decreased by 16%, mainly attributable to seasonal factors. For the full year of 2025, net operating revenue totaled RMB 62.4 billion, representing a 17% year-on-year growth.

In terms of profitability, the net profit for the fourth quarter of 2025 was RMB 4.3 billion, compared to a net profit of RMB 2.2 billion in the fourth quarter of 2024. For the full year of 2025, the net profit was RMB 33.4 billion, versus a net profit of RMB 17.2 billion for the full year of 2024. The year-on-year increase was primarily due to investment gains of RMB 19.9 billion included in other (expenses)/income for 2025, compared to RMB 1.1 billion in 2024.

A breakdown shows that all of Trip.com's revenue streams achieved steady growth in 2025. Data reveals that for the full year, accommodation reservation revenue was RMB 26.1 billion, up 21% year-on-year, accounting for 42% of total operating revenue. Transportation ticketing revenue was RMB 22.5 billion, an 11% increase, representing 36% of the total. Package tour and corporate travel revenue was RMB 4.7 billion, rising 8% and contributing 7%. Corporate travel management revenue reached RMB 2.8 billion, a 13% increase, accounting for 5%.

The financial report also showed that for the full year of 2025, total bookings on Trip.com's international OTA platforms grew by approximately 60% year-on-year, with the platform serving approximately 20 million inbound travelers throughout the year.

Regarding inbound tourism, Trip.com invested an average of RMB 1 billion annually in 2025, assisting over 40 cities across the country in increasing their inbound tourist reception capacity through its overseas platforms. The platform's enabling effect was significant, with nearly 70,000 hotels, attractions, and travel agencies receiving inbound tourism orders from Trip.com's overseas platforms for the first time.

On the product supply side, Trip.com facilitated over 6,000 scenic spots in opening up to the international market for the first time, adding 63,000 new ticket types bookable by foreigners; 95% of ticket types at major domestic attractions now support booking by foreign nationals. Performance in the hotel sector was equally strong, with over 60,000 hotels receiving inbound travel orders during the year, and for nearly 10,000 of these hotels, inbound room nights accounted for 10% of their total business. To cater to the demand for in-depth experiences among inbound travelers, the platform added more than 2,800 multi-language day tour products and over 2,000 foreign-language guided tour products, with related revenue surging 140% year-on-year.

Jane Sun, CEO of Trip.com Group, stated, "Inbound tourism remains a key growth driver for economic development and for creating employment opportunities for young talent and industry partners. Over the past year, we have served approximately 20 million inbound travelers and effectively connected inbound travel demand with resources from about 150,000 hotels through our platform. We have also launched customized inbound tourism products, over 90% of which are high-star-rated products, enhancing the overall experience for tourists."

During the reporting period, Trip.com continued to deepen its focus on AI products for the travel vertical. It was reported that the self-developed AI translation engine "Zhi Yi Wei Lai" produced 6 billion words annually, covering 25 core languages, effectively reducing global operational costs and enabling travelers worldwide to access China's flight, hotel, and activity services seamlessly in their native languages. AI-powered itinerary products efficiently recommend connected routes based on user orders, reducing the effort required for inbound itinerary planning. In 2025, the AI capabilities for Trip.com's itinerary products were upgraded to a self-developed model, leading to a 400% year-on-year increase in the number of inbound travel itinerary products.

James Liang, Executive Chairman of the Board of Trip.com Group, commented, "Tourism is not just an industry; it is a key economic infrastructure that promotes connection, accelerates mobility, and enables mutual growth. Inbound tourism is a crucial force for broadening opportunities and fostering local community development. Through our continued investment in inbound tourism, social responsibility, and AI innovation, we are laying a solid foundation for sustainable long-term development."