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    Alex Poon • Morgan Stanley

    Alex Poon's questions to Trip.com Group Ltd (TCOM) leadership

    Alex Poon's questions to Trip.com Group Ltd (TCOM) leadership • Q2 2024

    Question

    Alex Poon of Morgan Stanley inquired about the booking trends for the summer holiday period and the company's outlook for the second half of the year.

    Answer

    CFO Xiaofan Wang stated that quarter-to-date summer performance showed robust momentum, with outbound travel driving growth and exceeding 2019 levels by 110-120%. Domestic hotel reservations saw double-digit year-over-year growth. For the second half, she anticipates normal seasonal patterns and a more favorable year-over-year comparison after the National Day holiday.

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    Alex Poon's questions to Trip.com Group Ltd (TCOM) leadership • Q1 2024

    Question

    Alex Poon of Morgan Stanley asked about the market opportunity for China's inbound travel, how Trip.com plans to capture this segment, and the current contribution of inbound travel to the company's business.

    Answer

    CEO Jane Sun highlighted China's rich history and modern infrastructure as major draws, with growth being fueled by new visa-free policies. She explained that Trip.com is positioned to capture this by offering a one-stop platform with deep domestic inventory and 24/7 multi-language customer support. CFO Xiaofan Wang added that inbound travel's contribution to the Trip.com platform's revenue has already grown from the teens to over 20% in Q1 2024.

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