Trip.com Group Kicks Off 2025 with $1.9B in Q1 Revenue

Trip.com Group began 2025 on a strong note, reporting $1.9 billion in revenue for the first quarter, a 16% increase year over year, fueled by continued travel demand and supportive travel policies. The company saw notable gains across key segments, including a 23% rise in accommodation reservation revenue to $764 million and an 8% jump in transportation ticketing revenue to $747 million. Packaged-tour revenue also climbed 7% year over year to reach $131 million.

Executive chairman James Liang attributed the growth to resilient consumer appetite for travel and favorable government policies. He highlighted that Trip.com Group’s broad market reach positions it well amid economic fluctuations. CEO Jane Sun echoed the sentiment, emphasizing the company’s focus on localized and innovative solutions to meet the changing needs of global travelers.

A standout performer in Q1 was inbound travel, with bookings more than doubling compared to the same period in 2024. Liang credited China’s visa-free entry initiatives and international social media outreach for the surge. South Korea, Thailand, Malaysia and Indonesia were cited as leading source markets for inbound growth.

Trip.com also reported a significant boost in engagement from older travelers. Its Old Friends Club program saw a 100% year-over-year increase in users and gross merchandise value. The program now includes more than 7,000 travel products and dedicated support services. To further engage this demographic, the company is developing a short-form drama series to promote its offerings.

Younger travelers showed strong interest in “entertainment plus travel” experiences. Revenue from these lifestyle-focused products, such as music festivals, themed tours and destination events, rose over 400% in Q1 compared to last year. Sun noted this generation is seeking personalized itineraries that reflect individual interests, prompting the company to expand its curated offerings around concerts, anime and sports.

Corporate travel also saw a healthy 12% year-over-year increase, with Q1 revenue reaching $79 million. Meanwhile, Trip.com Group’s investment in outreach and brand visibility was evident in a 30% rise in sales and marketing expenses, which totaled $413 million for the quarter.

With strong momentum across multiple segments, the company remains optimistic about sustaining its growth through targeted product innovation and digital engagement strategies.

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Trip.com Group Kicks Off 2025 with $1.9B in Q1 Revenue

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