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Trip.com Group Limited (TCOM)
American Depository ReceiptOpen
$49.92
Previous close
$50.6
Trade high
$50.44
Volume
2,555,209
Year high
$51.26
Year low
$30.70
Dividend yield
-
Market capitalisation
$32.58 bn
P/E ratio
24.80
ISIN
US89677Q1076
This share can be held in a Dealing account
Share price
Company profile
Trip.com is the largest online travel agent in China and is positioned to benefit from the country's rising demand for higher-margin outbound travel as passport penetration is only 12% in China. The company generated about 78% of sales from accommodation reservations and transportation ticketing in 2020. The rest of revenue comes from package tours and corporate travel. Prior to the pandemic in 2019, the company generated 25% of revenue from international business, which isimportant to its margin expansion. Most of sales come from websites and mobile platforms, while the rest come from call centers. The competes in a crowded OTA industry in China, including Meituan, Alibaba-backed Fliggy, Tongcheng, and Qunar. The company was founded in 1999 and listed on the Nasdaq in December 2003.
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