Trip Group Limited Reports Unaudited Fourth Quarter.

Trip.com Group reported strong financial results for the fourth quarter of 2023. Domestic and international businesses showed robust recovery, with domestic hotel reservations growing by over 130% year over year. Outbound hotel and air reservations also recovered to over 80% of pre-COVID levels. Net revenue for Q4 increased by 105% compared to the same period in 2022, reaching RMB1.3bn (US$189m). Adjusted EBITDA for the quarter was RMB2.9bn (US$401m), with a 28% margin, improving from 6% in the previous year.

February 21, 2024
10 Articles

Further Reading