Trip.com Group Ltd. Sponsored ADR (TCOM) has released an update.
Discover the Best Stocks and Maximize Your Portfolio:
- See what stocks are receiving strong buy ratings from top-rated analysts.
- Filter, analyze, and streamline your search for investment opportunities with TipRanks’ Stock Screener.
Trip.com Group Limited has announced a robust financial performance for the second quarter of 2024, with a 14% year-over-year increase in net revenue and net income surging to RMB 3.9 billion from RMB 648 million in the same period last year. The travel giant’s recovery has been particularly pronounced in outbound hotel and air reservations, achieving 100% of pre-COVID levels, outpacing the industry recovery rate. This positive momentum is driven by strong travel demand and the company’s focus on innovation and leveraging AI in the travel industry.
For further insights into TCOM stock, check out TipRanks’ Stock Analysis page.
