Trip.com Group Ltd

TCOM

Company Profile

  • Business description

    Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 79% of sales from accommodation reservations and transportation ticketing in 2024. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international travel, which is important to its margin expansion. Most of sales come from its domestic platform, but the company is expanding its overseas business. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.

  • Contact

    30 Raffles Place
    No. 29-01
    Shanghai048622
    SGP

    T: +65 31389736

    E: [email protected]

    https://www.group.trip.com

  • Sector

    Consumer Cyclical

    Stock type

    Cyclical

  • Industry

    Travel Services

    Fiscal Year End

    31 December 2025

    Employees

    41,073

Trip.com Group Ltd News & Analysis

markets

Will a Biden win be good for the Asian stock market?

Reduced tariffs should be positive for sentiment but long-term challenges remain for Sino-US relations, says Morningstar regional director Iris Tan.
markets

Can China's recovery continue?

China funds and trusts have had an excellent year, and a new US President could provide a further boost if they revive US-China relations.
stocks

2 China stocks we like

Morningstar's Chelsey Tam reveals which stocks and sectors have shone—and which have underwhelmed.

Morningstar Investment Ideas

Markets

Index
Last price
Change
% Change
All Ordinaries9,231.102.600.03%
CAC 407,759.3249.510.64%
DAX 4024,115.7437.13-0.15%
Dow JONES (US)45,418.07135.600.30%
FTSE 1009,262.563.24-0.03%
HKSE25,201.76323.16-1.27%
NASDAQ21,544.2794.980.44%
Nikkei 22542,520.27125.870.30%
NZX 50 Index12,861.8496.14-0.74%
S&P 5006,465.940.000.00%
S&P/ASX 2008,960.500.70-0.01%
SSE Composite Index3,800.3568.03-1.76%

Market Movers