Earnings release
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Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2021 Financial Results Shanghai , China , September 23 , 2021 - Trip.com Group Limited ( Nasdaq : TCOM ; HKEX : 9961 ) ( " Trip.com Group " or the " Company " ) , a leading one - stop travel service provider of accommodation reservation , transportation ticketing , packaged tours and corporate travel management , today announced its unaudited financial results for the second quarter and first half of 2021 . Key Highlights for the Second Quarter of 2021 Exhibit 99.1 Our business has showed resilient recovery in the China domestic market . Total net revenue increased by 86 % year over year and 43 % quarter over quarter , driven by the strong recovery momentum of the China domestic market . Both our domestic hotel and air - ticket GMV increased by about 150 % year over year . Compared with the same pre - COVID period in 2019 , both domestic hotel and air ticketing reservations achieved double - digit growth in the second quarter . Staycation travel continues to serve as a major driver of domestic recovery with local hotel reservations growing nearly 80 % versus pre - COVID period in 2019 . Revenues from corporate travel management grew 141 % year over year and 26 % compared with the pre - COVID period in 2019 . - - " Overall , the Chinese domestic travel market has been encouraging , and we see great potential in international markets , " said James Liang , Executive Chairman . " Going forward , we will continue to be adaptive and responsive to the changing market conditions and the evolving demands of post - pandemic travelers . " " Throughout the second quarter , we continued to focus on the domestic market in terms of supply chain , content capabilities , service quality , and technology advancement , to lay a solid foundation for new growth drivers beyond the pandemic , " said Jane Sun , Chief Executive Officer . " We also endeavor to maximize our social impacts while increasing the Company's total value . We will keep improving as we strive towards our ideals . " Second Quarter of 2021 Financial Results and Business Updates The Company's overall results for the second quarter of 2021 were negatively impacted by the COVID 19 pandemic , as well as subsequent outbreaks driven by new variants of COVID - 19 . However , benefiting from the general containment of the COVID - 19 pandemic in China , the Company's domestic business has continued to show a strong recovery , which has contributed to substantially all of its total revenue . For the second quarter of 2021 , Trip.com Group reported net revenue of RMB5.9 billion ( US $ 912 million ) , representing an 86 % increase from the same period in 2020 , primarily due to the strong recovery of China's domestic market . Net revenue for the second quarter of 2021 increased by 43 % from the previous quarter , primarily due to the easement of China's travel restrictions previously enhanced in January and February 2021 .