TRIP.COM NASDAQ: TCOM
Background of Trip.com
- Trip.com Group, Ltd., formerly Ctrip.com International, is a Chinese multinational online travel company which provides an extensive portfolio of services including accommodation reservation, transport ticketing, packaged tours, and corporate travel management.
- Trip.com Group, Ltd. traces its history back to 1999 when James Liang, Min Fan, Neil Shen, and Qi Ji founded it.
- Trip.com Group, Ltd. was listed on NASDAQ in 2003 trough a variable interest entity (VIE) in the Cayman Islands during a Merrill Lynch-led offering, which raised $75 million (1 billion ZAR) from the sale of 4.2 million American depositary receipts to the value of $18 (262.87 ZAR) each.
- At close, it appreciated 86% to $33.94 (495.66 ZAR) per ADR on the first day of trading, trading at a peak of $37.35 (545.46 ZAR), making it the first company since November 2000 when Transmeta’s initial public offering (IPO) doubled its price on the first day of trading.
- In 2006, 70% of com Group, Ltd.’s sales came from just four cities in China namely Beijing, Guangzhou, Shanghai, and Shenzhen.
- By 2014, Priceline.com announced an investment of $500 million (7.3 billion ZAR) in com Group, Ltd. to broaden its options in China.
- Between Priceline and Ctrip, which had a commercial partnership since 2012, increased their cross-promotion of each hotel inventory of com Group, Ltd. as well as other travel services.
- In 2015, Booking Holdings (formerly known as The Priceline Group) announced an investment of an additional $250 million (3.6 million ZAR) in com Group, Ltd.
- Trip.com Group, Ltd. announced and completed the purchase of Skyscanner for £1.4 billion (28.4 billion ZAR) and during the same month, Jane Jie Sun became the CEO of Ctrip after having been with the company for 11 years.
- In 2017, Trip.com was acquired by Ctrip, resulting in the rebranding of Trip.com as the global brand website.
- In 2018, Ctrip launched TrainPal, which served as a comprehensive ticketing platform which featured split ticketing. It was launched in the United Kingdom and accredited by the National Rail of the UK, with the platform providing services for the UK and several other European countries.
- IN 2019, Ctrip completed a share exchange with Naspers, resulting in it becoming the largest shareholder of MakeMyTrip.
- In 2019, at the annual general meeting of shareholders, approval was received to change the company name from Ctrip.com International to com Group, Ltd.
- In 2025, com Group, Ltd. joined China Eastern and launched a new airline in Hainan, with plans in motion to make the island a free trade hub, promising greater traffic.
- In April, com Group, Ltd. was officially listed on the Hong Kong Stock Exchange.
- Trip.com Group, Ltd. is a proponent of scientific management, and the perfect example is the randomised control trial that Ctrip ran on telecommuting, which had significant impact on company profits.
- Before management decisions were made, Ctrip ran an experiment on 242 employees, sponsored by professors from Stanford University and Peking University.
- This experiment found that employees who were randomly assigned to work at home for 9 months increased their output by 13.5% compared to the office-based control group, resulting in turnover rates falling by 50%, resulting in Ctrip implementing telecommuting across the company.
- Today, Trip.com Group, Ltd.’s area of service is worldwide and there are more than 44,300 employees that form its staff compliment.
Trip.com Shares Growth Driver
- Trip.com Group, Ltd. is the largest online travel agency (OTA) based in China as well as one of the largest travel service providers in the world.
- Trip.com Group, Ltd. was the first company since 2000 that doubled its price on the first day of trading following the IPO.
- One of the major forces behind investment in com Group, Ltd. relates to the resilient recovery shown during the Covid-19 pandemic, especially in the China domestic market.
- The first quarter of 2025, when compared with the same period pre-Covid in 2019, shows that both domestic hotel and air ticketing reservations fully recovered since March, achieving double-digit growth for that month.
- The revenues from corporate travel management grew by 101% year-over-year and 6% when compared with the same period in 2019, showing increased performance despite the challenges faced during the past year.
Trip.com Investor Tip
- com Group, Ltd. trades its shares on the NASDAQ Stock Market (NASDAQ) under the stock symbol TCOM. Trip.com Group, Ltd. also trades its shares on Hong Kong Stock Exchange (SEHK) under the stock symbol 9961.
- An analysis on the market performance for com Group, Ltd. for the first quarter which ended in March indicated net revenue of $628 million (9.1 billion ZAR), which represented a 13% decrease from the same quarter in 2025, as result of the strong recovery by Trip.com Group, Ltd. in March.
- This was partially offset by the decrease in cross-border travel due to certain restrictions put in place to curb the spread of the virus.
- com Group, Ltd. net revenue for the first quarter of 2025 decreased by 17% when compared to the fourth quarter of 2025.
- com Group, Ltd.’s accommodation reservation revenue was $241 million (3.5 billion ZAR) which shows a 37% increase from the same quarter in 2025. This is as result of the strong demand for inter-provincial stays.
- The accommodation reservation revenue for com Group, Ltd. for the first quarter decreased by 30% from the previous quarter as result of travel restrictions in January and February.
- Transportation ticketing revenue for the first quarter of 2025 was $230 million (3.3 billion ZAR) which shows a 37% decrease when compared to the same quarter in 2025 in addition to an 11% decrease from the previous quarter, primarily as result of travel restrictions imposed in January and February to curb the spread of Covid-19.
- The revenue derived from packaged tours in the first quarter of 2025 reached a value of $26 million (379 million ZAR). This represents a 68% decrease from the same quarter in 2025 and a 35% decrease from the previous quarter.
- Corporate travel revenues achieved a revenue of $39 million (569 million ZAR) which indicates a 101% increase from the first quarter of 2025 while revenue decreased by 18% from the previous quarter.
- The gross margin for com Group, Ltd. was 75% for the first quarter of 2025, which showed a significant increase from 74% for the same quarter in 2025. However, it decreased significantly from 82% for the previous quarter due to travel restrictions.
- With economies reopening and restrictions easing with phased vaccination operations, com Group, Ltd.’s forecast for the second quarter of 2025 indicates improved finances and lucrative dividends for shareholders.
- Data from the analysis should be weighed against forecasted performance during this pandemic, but for now, prices on shares and in turn dividends remain unaffected, which provides shareholders with assurance that they will have a strong buy-in on NASDAQ.
Sector
Consumer Cyclical
Industry
Travel Services
Sub industry
Travel Agency
Latest News
Trip.com: How to buy Trip.com Shares Online
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FAQ
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Yes, it is. However, keep in mind that Trip.com Group, Ltd. is still recovering as result of restrictions which were imposed during the first half of the year.
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