Trip.com Group Ltd. Sponsored ADR (TCOM) has released an update.
Trip.com Group Ltd. reported a strong first quarter in 2024, with a 29% increase in net revenue and robust growth across domestic and international markets. Hotel and air bookings saw significant year-over-year increases, with international bookings doubling and contributing to an 80% rise in global OTA platform revenue. The company witnessed a net income of RMB 4.3 billion, marking a substantial profit compared to the same period last year.
For further insights into TCOM stock, check out TipRanks’ Stock Analysis page.
