Trip.com reports Q1 EPS 88c, consensus 58c

Reports Q1 revenue $1.65B, consensus $1.64B. Reports Q1: Domestic hotel and air bookings each increased by over 20% year over year. Outbound hotel and air bookings both increased by over 100% year over year. “The year 2024 has begun with a significant increase in both domestic and outbound travel demand in China, facilitated by a more stabilized supply and further relaxation of visa requirements,” said James Liang, Executive Chairman. “Additionally, our global business has experienced robust growth, driven by our improved product offerings. We are committed to investing in product and technology innovations to deliver a superior travel experience to our users.”