Trip.com Group anticipates revenue impact from coronavirus, hopes for quick domestic travel recovery
PhocusWire | March 19, 2020
Trip.com Group expects net revenue to decrease by 45% to 50% year-over-year in the first quarter of 2020 due to the outbreak of the COVID-19 coronavirus. The Shanghai, China-based online travel agency disclosed its low expectations for the start of 2020 during its earnings call recapping its full-year 2019 results. “The beginning of 2020 has been challenging with the outbreak of the Coronavirus,” says CEO Jane Sun in the call to discuss earnings. Sun adds that its strong operations “have prepared us well for times like this.”