Trip.com Group sees increased outbound air ticket and hotel reservations in Q4 2022

A group of tourists following their guide are about to set off for Thailand at the Shanghai Pudong International Airport in east China's Shanghai, Feb. 6, 2023. (Xinhua/Chen Aiping)

China's online travel agency Trip.com Group (NASDAQ: TCOM, HK: 9961), formerly known as Ctrip, saw the outbound air ticket and hotel reservations on its platform increase by more than 200 percent and 140 percent year on year respectively in the fourth quarter of 2022, China Securities Journal reported on Tuesday.

Since the fourth quarter of 2022, China's inbound and outbound tourism market saw a steady and gradual recovery with the intensive release of favorable policies.

In addition to the increasing air ticket and hotel reservations, the Group's transportation ticket revenue also maintained a high growth rate in 2022. In the fourth quarter of 2022, its transportation ticket revenue reached 2.2 billion yuan with a year-on-year increase of 45 percent, and for the whole year of 2022, transportation ticket revenue was 8.3 billion yuan, up 20 percent year on year.

In 2022, the Group realized a net operating revenue of 20 billion yuan, and the net profit attributable to shareholders reached 1.4 billion yuan, according to the Group's unaudited financial statement released.