#Singapore #Trip.com Group #Financial Growth #travel services

Trip.com Group Limited Reports Strong Financial Performance for Q2 2025

Trip.com Group Limited has recently announced its unaudited financial results for the second quarter and first half of 2025, revealing impressive growth and a promising future for the travel service provider. The Company, recognized as a leading global one-stop travel service provider, experienced significant increases across various segments of their international business during the quarter, reflecting a robust recovery in the travel sector.

Key Growth Metrics

The metrics speak for themselves, with a staggering 60% increase in overall reservations on the Company’s international OTA platform year-over-year. Particularly noteworthy is the over 100% surge in inbound travel bookings, which signals a resurgence in travel enthusiasm among consumers eager to explore global destinations again. The demand for outbound hotel and air ticket bookings has also exceeded 120% compared to pre-COVID levels recorded in 2019 for the same period, signaling an unmistakable recovery in the travel industry.

James Liang, the Executive Chairman of Trip.com Group, emphasized the vital role that travel plays in both national growth and global engagement. He remarked, “Travel is not just an economic driver; it is a catalyst for cultural exchange and global understanding.” The confidence expressed by the management regarding the industry's long-term growth is bolstered by their continued focus on strategic investments in innovation and partnership development.

CEO Jane Sun added to the optimism, stating that their strategy is tailored towards capturing rising demand across various demographics, with a particular focus on inbound travel. The company is actively enhancing service capabilities to guarantee seamless, enriching experiences for global travelers, which reinforces its position as a trusted platform in the global travel landscape.

Second Quarter Financial Highlights

Examining the financial figures, Trip.com Group reported a net revenue of RMB 14.8 billion (approximately USD 2.1 billion) for Q2 2025, reflecting a 16% year-over-year growth and a 7% increase from Q1 of the same year.

• - Accommodation Reservation Revenue: The Company generated RMB 6.2 billion (USD 869 million) from accommodation reservations, marking a 21% increase compared to Q2 2024. This growth is primarily driven by heightened accommodation bookings during peak travel periods.

• - Transportation Ticketing Revenue: Revenue from ticketing reached RMB 5.4 billion (USD 753 million), an 11% rise from the previous year, indicating solid demand for travel. Notably, this segment's revenue remained stable quarter-over-quarter.

• - Packaged-Tour Revenue: The revenue here stood at RMB 1.1 billion (USD 151 million), showcasing a 5% increase from Q2 2024 and demonstrating increased consumer willingness to invest in packaged travel experiences following times of global uncertainty.

• - Corporate Travel Revenue: Corporate bookings also flourished, with revenue hitting RMB 692 million (USD 97 million), a 9% increase year-over-year and a notable 21% increase from the previous quarter.

While revenue escalated, the cost of revenue grew by 22%, totaling RMB 2.8 billion (USD 393 million), which largely aligned with the net revenue influx. The operating expense structure is indicative of the Company's pro-active stance, with product development expenses climbing 17% to RMB 3.5 billion (USD 489 million) due to investment in personnel and technological advancements.

Shareholder Value and Future Prospects

In terms of shareholder returns, the Company has shown its commitment by repurchasing 7 million ADSs amounting to a total of USD 400 million under its share repurchase program. The Board has also green-lighted a new program aimed at repurchasing up to USD 5 billion of outstanding ordinary shares, signifying a strong commitment to returning value to shareholders.

The upcoming conference call on August 27, 2025, will provide further insights into these developments and the Company's long-term strategic vision. Management is optimistic about continuing the strong momentum as travel rebounds across all segments.

As Trip.com Group navigates the complexities of the recovery and growth in the travel industry, its concerted efforts towards innovation, strategic partnerships, and enhanced customer experiences remain pivotal. This dynamic positioning not only aims to stimulate revenue growth but also fosters cultural exchange through travel, reinforcing the Company's mission to create a better world through exceptional travel experiences.