Trip.com Group operations income up 52% as company begins new chapter
PhocusWire | November 14, 2019
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.