Trip.com Group reported strong Q1 2024 financial results with total revenue reaching RMB11.9 billion, up 29% YoY. Net income increased 28% YoY to RMB4.3 billion, while operating income grew 48% to RMB3.3 billion. Accommodation reservation revenue rose 29% to RMB4.5 billion, and transportation ticketing revenue increased 20% to RMB5.0 billion.The company maintained robust growth across all business segments, with packaged tours revenue showing significant recovery, surging 129% YoY to RMB883 million. Corporate travel revenue grew 15% to RMB511 million. The gross profit margin improved to 81% from 82% in the same period last year.As of March 31, 2024, Trip.com held RMB42.2 billion in cash and cash equivalents, with total assets of RMB228.5 billion. The company's investments portfolio included significant stakes in BTG (12%), Tongcheng Travel (27%), and MakeMyTrip (49%), with a total market value of RMB38.7 billion for publicly traded equity investments.

Trip.com Group reported strong Q1 2024 financial results with total revenue reaching RMB11.9 billion, up 29% YoY. Net income increased 28% YoY to RMB4.3 billion, while operating income grew 48% to RMB3.3 billion. Accommodation reservation revenue rose 29% to RMB4.5 billion, and transportation ticketing revenue increased 20% to RMB5.0 billion.The company maintained robust growth across all business segments, with packaged tours revenue showing significant recovery, surging 129% YoY to RMB883 million. Corporate travel revenue grew 15% to RMB511 million. The gross profit margin improved to 81% from 82% in the same period last year.As of March 31, 2024, Trip.com held RMB42.2 billion in cash and cash equivalents, with total assets of RMB228.5 billion. The company's investments portfolio included significant stakes in BTG (12%), Tongcheng Travel (27%), and MakeMyTrip (49%), with a total market value of RMB38.7 billion for publicly traded equity investments.