For the third quarter of 2024, Trip.com Group reported net revenue of RMB15.9 billion (USD 2.3 billion), representing a 16% increase from the same period in 2023, primarily driven by stronger travel demand. Net revenue for the third quarter of 2024 increased by 24% from the previous quarter, primarily due to seasonality.
International businesses experienced robust growth across all segments in the third quarter of 2024:
* Outbound hotel and air reservations rebounded to approximately 120% of the pre-COVID level for the same period in 2019.
* Air ticket and hotel reservations on the Company's international OTA brand increased by over 60% year-over-year.
"During the third quarter of 2024, both domestic and international travel exhibited robust growth," said James Liang, Executive Chairman. "With increasing consumer confidence and heightened travel sentiment, we are optimistic about the continued growth of the travel industry. Additionally, we are confident that the AI-driven technological revolution will play a pivotal role in shaping the future of the global travel industry."
