**Trip.com Group Reports Strong 2025 Performance, Driven by International Growth and AI Investments**
SINGAPORE – Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961), a global titan in the travel services sector, today announced robust financial results for the fourth quarter and full year of 2025. The company showcased significant year-over-year growth, underscoring its resilience and strategic expansion, particularly in international markets.
**Key Financial and Operational Highlights for 2025:**
* **International Business Surges:** Trip.com Group’s international online travel agency (OTA) platform experienced an impressive surge, with overall bookings increasing by approximately 60% compared to the previous year. This expansion reflects the company’s successful penetration into global markets.
* **Inbound Tourism Rebounds:** The company facilitated travel for approximately 20 million inbound tourists throughout 2025, signaling a healthy recovery and increased global mobility.
* **Revenue Growth:** Net revenue for the fourth quarter of 2025 reached RMB 15.4 billion (US$2.2 billion), a 21% increase year-over-year, demonstrating sustained demand. For the full year 2025, net revenue climbed to RMB 62.4 billion (US$8.9 billion), marking a 17% increase from 2024.
* **Segment Performance:**
* **Accommodation Reservation:** Q4 2025 revenue was RMB 6.3 billion (US$899 million), up 21% year-over-year. Full-year revenue reached RMB 26.1 billion (US$3.7 billion), accounting for 42% of total revenue.
* **Transportation Ticketing:** Q4 2025 revenue increased by 12% year-over-year to RMB 5.4 billion (US$768 million). Full-year revenue stood at RMB 22.5 billion (US$3.2 billion), representing 36% of total revenue.
* **Packaged Tours:** Q4 2025 revenue grew by 21% year-over-year to RMB 1.1 billion (US$151 million). Full-year revenue reached RMB 4.7 billion (US$670 million), comprising 7% of total revenue.
* **Corporate Travel:** Q4 2025 revenue saw a 15% year-over-year increase to RMB 808 million (US$116 million). Full-year revenue was RMB 2.8 billion (US$405 million), accounting for 5% of total revenue.
**Strategic Vision and Technological Integration:**
James Liang, Executive Chairman, emphasized the critical role of travel as economic infrastructure, stating, “Travel is more than an industry; it is an essential economic infrastructure that enables connection, mobility, and shared growth. Inbound travel plays a meaningful role in expanding opportunity and contributing to local communities.” He highlighted the company’s commitment to a customer-centric approach, supported by consistent investment in inbound tourism, social responsibility, and Artificial Intelligence (AI) innovations to foster sustainable long-term development.
Jane Sun, Chief Executive Officer, echoed this sentiment, noting the travel market’s resilience in 2025. “The travel market demonstrated strong resilience in 2025,” she said. “Inbound travel remains a key growth driver, contributing to economic growth and creating job opportunities for young talents and industry partners.” Sun affirmed the company’s strategy of empowering local partners and building a dynamic, sustainable travel ecosystem.
The company’s sustained investment in technology, particularly AI, is poised to enhance user experience and operational efficiency. By leveraging AI, Trip.com Group aims to personalize travel recommendations, streamline booking processes, and provide more responsive customer support, further solidifying its competitive edge in the rapidly evolving travel landscape. This strategic focus on technology is crucial for navigating the complexities of global travel and meeting the demands of modern consumers.
**Financial Health and Governance:**
The company reported a healthy balance sheet as of December 31, 2025, with cash and cash equivalents, restricted cash, short-term investments, and held-to-maturity time deposits totaling RMB 105.8 billion (US$15.1 billion).
In a significant governance update, Trip.com Group announced changes to its board of directors, effective February 25, 2026. Min Fan and Qi Ji have stepped down from their directorial roles, with the company expressing deep gratitude for their foundational contributions. The appointments of May Yihong Wu and Iris Yang Xiao as new independent directors are expected to bring valuable expertise and fresh perspectives to the board.
**Regulatory Developments:**
The company also disclosed that in January 2026, it received a notice regarding an investigation by the State Administration for Market Regulation (SAMR) under the PRC Anti-monopoly Law. Trip.com Group stated its full cooperation with the SAMR and assured that its business operations remain normal. The company is committed to compliance and will provide further updates as the investigation progresses.
**Looking Ahead:**
Trip.com Group’s consistent performance and strategic investments position it for continued growth in the global travel market. The company’s focus on international expansion, technological innovation, and customer-centricity are key drivers expected to shape its trajectory in the coming years.
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**About Trip.com Group Limited:**
Trip.com Group Limited operates a leading global one-stop travel platform, offering a comprehensive suite of travel products and services. With a portfolio of brands including Ctrip, Qunar, Trip.com, and Skyscanner, the company aims to “pursue the perfect trip for a better world.” Founded in 1999, it is listed on Nasdaq and the Hong Kong Stock Exchange.
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