TCOM - Trip.com Group's Domestic & International Businesses Show Recovery Thanks To Summer Travel Demands | Benzinga
Trip.com Group Ltd (NASDAQ: TCOM) reported Q3 FY23 revenues that rose 99% Y/Y to RMB13.7 billion, led by a significant travel market recovery.
Revenue from Accommodation reservations escalated 92% Y/Y, Transportation ticketing grew 105% Y/Y and Packaged-tour jumped 243% % Y/Y.
Domestic hotel bookings grew 90% Y/Y and over 70% vs. pre-COVID in 2019. Outbound hotel and air reservations recovered to around 80% vs. the pre-COVID level, exceeding the industry-wide recovery rate of international ...