#Singapore #financial results #travel industry #Trip.com

Trip.com Group Financial Performance for Q1 2025

Trip.com Group Limited, a globally leading travel service provider, recently announced its unaudited financial results for the first quarter of 2025. In this period, the company reported remarkable growth across all business segments, primarily fueled by a resurgence in travel demand worldwide.

Key Financial Highlights

• - Net Revenue: The company recorded net revenues totaling RMB 13.8 billion (approximately USD 1.9 billion), marking a 16% increase compared to the previous year. This growth can be attributed to robust consumer demand and effective travel policies that encouraged bookings.
• - Accommodation Reservations: Revenue from accommodation reservations stood at RMB 5.5 billion (USD 764 million), reflecting a 23% increase year-over-year. Seasonal factors further influenced this impressive uptick, with a 7% growth from the preceding quarter.
• - Transportation Ticketing: This segment generated RMB 5.4 billion (USD 747 million) in revenue, which is an 8% increase from last year. The growth was driven by higher transportation reservations, showing an encouraging 13% rise compared to Q4 2024.
• - Corporate Travel: Recording RMB 573 million (USD 79 million) in revenue, corporate travel also saw a 12% year-over-year increase. However, there was an 18% decline from the previous quarter, largely due to seasonal fluctuations.

Executive Chairman James Liang highlighted the vibrant atmosphere within the travel industry, noting “the momentum in early 2025 is a testament to the resilient consumer demand and favorable policies supporting travel.” CEO Jane Sun reiterated the company's commitment to innovative, customer-focused solutions that cater to evolving traveler needs.

Operational Insights

One of the standout figures from Trip.com Group's report was the staggering growth in international bookings, which increased by over 60% year-over-year. Specifically, inbound travel bookings doubled, surging nearly 100% compared to Q1 2024. Outbound hotel and airline ticket bookings also exceeded pre-COVID levels by 120%, underscoring the strong recovery in global travel demand.

Cost Management

The company did report an increase in operating expenses, reflecting an overall rise in costs associated with revenue production, product development, and marketing. Notably, costs related to product development rose 13% year-over-year to RMB 3.5 billion (USD 486 million) while sales and marketing expenses were up 30% to RMB 3.0 billion (USD 413 million). Despite these increases, net income was maintained at RMB 4.3 billion (USD 591 million) this quarter, consistent with last year’s figures and up from RMB 2.2 billion in Q4 2024.

Looking Ahead

With a solid balance sheet and a significant cash reserve of RMB 92.9 billion (USD 12.8 billion) as of March 31, 2025, Trip.com Group sits in a position of strength to navigate the ongoing global economic uncertainties while seeking to capitalize on growth opportunities.

The company has also shown proactive shareholder engagement by repurchasing 1.6 million ADSs for a total of USD 84 million, reinforcing its commitment to returning value to investors.

Conclusion

Trip.com Group's first quarter results for 2025 reflect exceptional performance driven by robust demand across multiple segments of its travel services. As the travel industry continues to rebound, Trip.com is well-positioned to leverage its comprehensive services and strategic market positioning to sustain this growth trajectory. With the ongoing support from travelers and partners alike, the company aims to shape the future of travel and become the preferred platform for diverse travel needs.