Trip.com's net revenue reaches 4.1 billion yuan in Q1

China’s domestic tourism recovery is continuing to recover amid the pandemic fallout.

Photo from CFP

Photo from CFP

By XIE Yixin

 

Online travel agency Trip.com Group’s net revenue was 4.1 billion yuan in Q1 this year, remaining stable year on year.

The website has seen staycation travel continue to be a major contributor to the recovery in the Chinese domestic market, with hotel bookings in southern and western China and domestic bookings all outgrowing the pre-pandemic level in 2019.

Overall, hotel bookings on global platforms increased by about 25 percent compared to the same period in 2019.

Local hotel bookings in overseas markets increased by more than 200 percent, while air ticket bookings on global platforms increased by over 270 percent.

The average daily user-generated content on the Trip platform increased by 140 percent month-on-month in June, and the average content views were up by 40 percent in growing signs that the Chinese market is making a recovery.