Trip.com Group operations income up 52% as company begins new chapter

PhocusWire | November 14, 2019

Trip.com Group operations income up 52% as company begins new chapter
Trip.com Group (formerly Ctrip) posted a 52% year-over-year increase in income from operations to $314 million, according to the company’s unaudited financial results for the third quarter of 2019. Operating margin reached 21% for the quarter, topping the 16% mark for the same period in 2018. The Shanghai-based OTA, which recently celebrated its 20-year anniversary, reported a 50% year-over-year growth rate in its international hotel business (excluding Greater China). It was also the 12th consecutive quarter of triple digit growth for international air ticketing volume.

Spotlight

When travel policies and programs fail to account for individual traveler needs and preferences, it sends a message to employees that their needs aren’t valued. Management’s push for cost and risk control can often clash with traveler needs to book trips that meet their specific preferences. By implementing employee-centric poli

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Spotlight

When travel policies and programs fail to account for individual traveler needs and preferences, it sends a message to employees that their needs aren’t valued. Management’s push for cost and risk control can often clash with traveler needs to book trips that meet their specific preferences. By implementing employee-centric poli