The following is a summary of the Trip.com Group Limited (TCOM) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Trip.com Group reported a Q1 net revenue of RMB 11.9 billion, a 29% increase year-over-year, and a 15% increase quarter-over-quarter.

• Accommodation reservation revenue was RMB 4.5 billion, a 29% increase year over year and a 15% increase quarter over quarter.

• Transportation ticketing revenue for the first quarter was RMB 5 billion, a 20% increase year-over-year and a 22% increase quarter-over-quarter.

• A good recovery was especially noticeable in the Packaged-tour segment with a revenue of RMB 883 million, representing a 129% increase year over year.

Business Progress:

• Trip.com Group achieved strong growth in Q1 due to strategies targeting different market segments and the expansion of their user base in second and third-tier cities.

• The company's strategy to expand beyond China, particularly in the Asia Pacific region, led to a significant rise in inbound travel contribution to revenue.

• Continued investment in AI development and content strategy is set to further drive growth. The company is also focused on meeting its social responsibilities, enhancing rural development, and generating job opportunities.

More details: Trip.com IR

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.