Trip.com reports strong Chinese travel trends
The biggest Chinese online travel service reported better-than-expected profit and sales as demand for cross-border and holiday travel surged
Trip.com said the increase in sales came as more people traveled in China, especially during the holiday season. Executive Chairman James Liang said cross-border travel was particularly strong. CEO Jane Sun added that the company benefited from "the resilience of travel consumption in China."
Key takeaways
- The company said revenue for the latest quarter was boosted by the resilience of travel consumption in China;
- Trip.com's revenue from lodging reservations, transportation tickets, package tours and corporate travel were all higher;
- Accommodation reservation revenue climbed 20% to RMB5.1 billion in the second quarter.
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