TRIP Latest Report

Performance Review

Trip.Com Group's total operating revenue in December 2024 was RMB411,000,000, up 5.38% from RMB390,000,000 in the same period of 2023. This growth indicates the company's stable development in terms of operating revenue despite the challenges of market competition and economic fluctuations.

Key Data in the Financial Report

1. The total operating revenue grew by 5.38% YoY, showing the company's adaptability in market recovery.

2. The first-quarter revenue was US$395 million, up 6% YoY, although the net loss was US$59 million, down 19.18% YoY.

3. Competitors like Ctrip and Booking achieved 9.4% and 8.9% revenue growth in Q3 2024, respectively, indicating intensified industry competition.

4. The market strategy adjustment of Trip.Com may have contributed to revenue growth, including product optimization and digital marketing.

Peer Comparison

1. Industry-wide analysis: The tourism industry as a whole showed signs of recovery in 2024, with many companies reporting growth in operating revenue. The industry's recovery is closely related to the rebound in consumer confidence, especially after the pandemic, which has had a positive impact on the entire industry.

2. Peer evaluation analysis: Compared with other companies in the same industry, Trip.Com's operating revenue growth is at a moderate level. Although the company achieved a 5.38% growth, there may be higher growth rates in some competitors, indicating that the company faces certain market competition pressure.

Summary

Trip.Com Group showed a certain growth in operating revenue in 2024, which is closely related to the recovery of market demand, optimization of products and services, and adjustments in marketing strategies. However, compared with the growth rates of its industry competitors, Trip.Com's growth still appears stable, facing certain market competition pressure.

Opportunities

1. With the recovery of the tourism market, Trip.Com can continue to optimize its product and service portfolio to further enhance user experience.

2. The company can leverage the advantages of digital marketing to expand market penetration and attract more users.

3. It can continue to focus on the needs of high-net-worth individuals and travelers in tier-three and four cities to develop new market potential.

4. Policy promotion and improved market environment provide opportunities for further growth.

Risks

1. Intensified market competition, especially pressure from competitors like Ctrip and Booking, may affect Trip.Com's market share.

2. If the overall economic environment deteriorates, consumer spending may be suppressed, affecting the company's operating revenue.

3. The company's net loss issue may raise concerns among investors about its financial health.

4. There may be execution risks during the transformation process, such as the effect of marketing strategies falling short of expectations, affecting overall performance.