TRIP.COM-S (09961) releases third-quarter performance with a net profit attributable to shareholders of 6.765 billion yuan, a year-on-year increase of 46.59%. International OTA platform hotel and flight bookings increased by over 60% year-on-year.

Trip.com-S (09961) released its performance report for the third quarter of 2024, with a total revenue of 15.9 billion yuan, a year-on-year increase of 15.63%; net revenue of 15.873 billion yuan, a year-on-year increase of 15.52%; net profit attributable to Ctrip Group Co., Ltd. was 6.765 billion yuan, a year-on-year increase of 46.59%; basic earnings per share were 10.37 yuan. The announcement stated that the increase in net operating income was mainly due to the growing demand for tourism. Net operating income increased by 24% quarter-on-quarter, mainly due to seasonal factors. In the third quarter of 2024, various international business segments showed rapid growth trends, with outbound hotel and air ticket bookings fully recovering to 120% of the levels before the epidemic in 2019. The company's international OTA platform saw hotel and air ticket bookings increase by more than 60% year-on-year. "In the third quarter of 2024, both domestic and international travel showed strong growth momentum," said Liang Jianzhang, Chairman of Ctrip's Board of Directors. "With the boost in consumer confidence and the increase in travel enthusiasm, we are optimistic about the continued growth of the tourism industry. At the same time, we firmly believe that the technology revolution led by artificial intelligence will be the core DRIVE shaping the future of the global tourism industry." "We are pleased to see the resilience of the tourism market. Through our efforts, we are proud to create new job opportunities for young people and bring new business opportunities to our tourism industry partners," said Sun Jie, CEO of Ctrip. "Travel is a catalyst for economic growth, a bridge for understanding, and a path to a harmonious and inclusive world. We are committed to introducing China to the world through excellent customer service, promoting the development of partners' businesses, and promoting cooperation."