Trip.com grows business travel revenue to nearly $50m in third quarter

Business travel is booming for Chinese online travel agency Trip.com, according to its third-quarter results. The predominantly leisure-focused OTA recorded US$47 million in corporate travel revenue for the third quarter of 2019, which is an increase of 26 per cent compared with the same period in 2018, and 9 per cent up from the second quarter this year. The OTA rebranded to Trip.com Group Limited from Ctrip at the end of last month, and said the business travel boost was driven by “expansion in its corporate customer base and an optimised product mix trend”.

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