Revenue from Accommodation reservations escalated 92% Y/Y, Transportation ticketing grew 105% Y/Y and Packaged-tour jumped 243% % Y/Y.

Domestic hotel bookings grew 90% Y/Y and over 70% vs. pre-COVID in 2019. Outbound hotel and air reservations recovered to around 80% vs. the pre-COVID level, exceeding the industry-wide recovery rate of international air passenger volume of more than 50%.

Adjusted EBITDA stood at RMB4.6 billion ($634 million), with a margin of 34% vs. 21% a year ago.

Adjusted EPS per ADS stood at RMB7.26 vs. RMB1.58 a year ago. 

In USD terms, revenue was $1.885 billion, and adjusted earnings per ADS amounted $1.00.

As of September 30, 2023, cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products stood at RMB79.0 billion ($10.8 billion).

From September 2023 to the date of this press release, TCOM repurchased 3.6 million ADSs for $120 million under its existing share repurchase plan.

Jane Sun, Chief Executive Officer, said, "To leverage the strong demand for travel and our investment in technology and product, we are committed to enhancing our supply chain capabilities and strengthening brand awareness to solidify our market position."

Price Action: TCOM shares are down 3.27% at $35.47 premarket on the last check Tuesday.