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.
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