TCOM Trip com Group Ltd

By Sabela Ojea

Trip.com Group said revenue surged in the latest quarter, driven by a recovery in the domestic and international travel industry amid increasing travel bookings.

The Shanghai-based travel service provider said revenue jumped 99% to $1.9 billion in the third quarter.

Total bookings on the company's global online travel agents platform have more than doubled both year over year and compared to pre-Covid-19 levels, Trip.com said.

"Looking ahead, we will continue our efforts in expanding our global presence and cultivating AI-related initiatives, laying the foundation for continued growth of our company," Executive Chairman James Liang said.

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

(END) Dow Jones Newswires

November 20, 2023 17:49 ET (22:49 GMT)

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