Trip.com Group Reports Strong International Growth Despite Loss

SINGAPORE, Sept. 15, 2026 /CourierPR/ -- Trip.com Group, a leading global travel service provider, reported strong second-quarter financial results on September 15, 2026. The company saw a robust growth in its international business, with a 50% year-over-year increase in revenue on its international platform. Inbound travel revenue also grew at a high double-digit rate compared to the same period in 2025.

Total net revenue for the second quarter of 2026 reached RMB15.7 billion (US$2.3 billion), marking a 6% increase from the same period in 2025. Accommodation reservation revenue stood at RMB6.6 billion (US$969 million), up 6% year-over-year, driven by an increase in accommodation reservations. Transportation ticketing revenue, however, decreased by 1% from the same period in 2025, to RMB5.4 billion (US$788 million), primarily due to macroeconomic headwinds such as elevated energy prices and geopolitical volatility. Packaged-tour revenue increased by 8% to RMB1.2 billion (US$171 million), fueled by resilient travel demand, especially during holiday periods. Corporate travel revenue saw a 11% increase to RMB771 million (US$114 million).

Despite the positive revenue trends, Trip.com Group reported a net loss of RMB2.4 billion (US$361 million) for the second quarter of 2026. This loss was significantly impacted by an anti-monopoly penalty of RMB5.2 billion (US$763 million) imposed by the State Administration for Market Regulation of the People's Republic of China (SAMR). Excluding this penalty, the company would have reported a net income of RMB2.7 billion (US$402 million).

James Liang, Executive Chairman of Trip.com Group, emphasized the company's strategic priorities of globalization and great quality (G2). He stated, "Travel remains a fundamental consumer need, and we see significant long-term opportunities as travelers seek more personalized and rewarding experiences. Our strategic priorities remain clear: Globalization and Great Quality, or G2. Building on this foundation, we are advancing our proprietary AI capabilities across every stage of the travel journey to accelerate G2 and unlock new opportunities for growth."

Jane Sun, Chief Executive Officer, added, "Trip.com Group delivered resilient performance in the second quarter, with inbound and world-to-world travel continuing to gain momentum as structural growth drivers. We see an opportunity to build a healthier ecosystem centered on value, experience, and service quality. We are expanding our offerings to include new travel and lifestyle experiences, while leveraging technology and international marketing to help partners differentiate and drive sustainable growth."

The company's cost of revenue increased by 12% to RMB3.2 billion (US$466 million) from the same period in 2025, while product development expenses rose by 8% to RMB3.8 billion (US$559 million). Sales and marketing expenses increased by 15% to RMB3.8 billion (US$566 million), driven by higher expenses related to sales and marketing promotion activities. General and administrative expenses surged by 477% to RMB6.3 billion (US$933 million) due to the anti-monopoly penalty, but without this penalty, they would have increased by 5% to RMB1.2 billion (US$170 million).

Trip.com Group ended the second quarter with a cash balance of RMB100.5 billion (US$14.8 billion). The company plans to host a conference call on September 16, 2026, to discuss its financial results and future outlook.