Chinese online travel agencies see strong rebound in Q3 as domestic tourism recovers

 

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Chinese online travel agencies posted strong performance in the third quarter as domestic tourism recovers, with some platforms reporting their first quarterly profit since the start of the coronavirus outbreak.

Trip.com Group, China's largest online travel agency, reported a net revenue of 5.5 billion yuan ($805 million) in the third quarter, down 48 per cent from the same period last year, but up 73 per cent from the previous quarter, according to its earnings report.

The Nasdaq-listed company said its results for the quarter were negatively impacted by the pandemic, but . . .

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