Strong Revenue and Profit Growth
Gross booking value for the quarter reached $2.3 billion, with a year-on-year growth of 24.3% in constant currency. Adjusted operating profit was $37.5 million, showing a year-on-year growth of 33%.
International Business Expansion
International air ticketing revenue grew over 39% year-on-year, now accounting for 38% of the adjusted margin. International hotels outbound business revenue grew 62% year-on-year, accounting for 17% of adjusted margins.
Growth in Accommodation Segment
The accommodation business, including hotels and homestays, recorded a 21.4% year-on-year growth in adjusted margins on a constant currency basis.
Corporate Travel Business Growth
The corporate travel business via myBiz and Quest2Travel platforms witnessed strong growth, with active corporate customer counts of over 59,000 and 462 large corporates, respectively.
Cash Position and Share Repurchase Program
Cash and cash equivalents exceeded $700 million. The company remains committed to opportunistic share repurchase programs.