Trip.com reports 'robust' domestic and international business recovery in 2Q2023

Trip.com reported (04-Sep-2023) its domestic and international business continued to show "robust" recovery during 2Q2023. Outbound hotel and air reservations recovered to over 60% of 2Q2019 levels, surpassing the industry wide recovery rate of 37% in terms of international air passenger volume. Air ticket bookings on the company's global online travel agency platform grew by over 120% year-on-year and nearly doubled compared to 2Q2019. Corporate travel revenue increased 178%, primarily due to a "substantial" recovery in travel. Executive chairman James Liang stated demand for both domestic and international travel remained "resilient", adding: "We remain optimistic about the enduring demand for travel and the long-term market outlook". CEO Jane Sun added: "With the thriving market demand and our outstanding performance, we are poised to take the lead in driving the industry's recovery and actively creating an abundance of job opportunities alongside our esteemed business partners". [more - original PR]