Trip.com Group Limited

Trip.com Group Limited Earnings Recaps

TCOM Consumer Discretionary 2 recaps
Q3 2025 Nov 18, 2025

Trip.com Group reported a strong Q3 2025, with net revenue increasing by 16% year-over-year, driven by robust domestic and international travel demand and innovative offerings.

Key takeaways
  • Domestic and outbound travel bookings surged, with outbound hotel and air bookings growing by nearly 20% compared to last year, achieving 140% of 2019 levels.
  • Inbound bookings surged over 100% year-over-year, reflecting the success of targeted initiatives like the free layover experience at Hong Kong International Airport.
  • Mobile booking now accounts for over 70% of total bookings, enhancing user experience through seamless management of travel needs.
  • Age-diverse travel segments showed significant growth, with affluent seniors driving a notable increase in spending and demand for tailored travel experiences.
Q2 2025 Aug 28, 2025

Trip.com Group's Q2 2025 earnings showcased a robust recovery in the travel market, with a 100% year-over-year increase in inbound travel bookings, driven by demand from Asia. The company's strategic investments in AI and enhanced user experiences position it well for future growth.

Key takeaways
  • Net revenue rose by 16% year-over-year, with adjusted EBITDA up 10% due to operational efficiencies and strong demand.
  • Inbound travel bookings surged over 100% year-over-year, supported by significant interest from Korea and Southeast Asia.
  • The introduction of the Trip.Planner AI tool offers personalized itineraries and seamless travel planning, enhancing customer engagement.
  • Launch of the first inbound travel service center at Beijing Capital International Airport aims to improve traveler support and streamline services.
  • Trip.com is strategically poised for continued growth in China's travel sector, which still has substantial room for expansion in GDP contribution.