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 79% of sales from accommodation reservations and transportation ticketing in 2024. The rest of revenue comes from package tours and corporate travel. Before the pandemic in 2019, the company generated 25% of revenue from international travel, which is important to its margin expansion. Most of sales come from its domestic platform, but the company is expanding its overseas business. 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.
The current price of Trip.com Group Ltd in the market is $45.37, with a 24-hour trading volume of $172.55M. The asset's market cap is $28.57B, after moving 1.21% in the last day.
Tokenized Trip.com Group Ltd is trading at $45.41, with a tokenized market cap of $162.57K and a 24-hour trading volume of $877.05. The tokenized asset has moved 1.26% in the past 24 hours.