The travel market continues to demonstrate strong resilience in the second quarter of 2025, with demand holding steady across regions and categories.

Aug 27, 2025 / CEO / receipt, needs a key / James Lam, CEO | earnings call 2025-08-27 | transcript b0a81f3c-cf0d-4b69-b256-773d7a1e240d | chars 2037-2186 | segment 2

Following China's strategic push to attract international visitors, inbound travel has become our fastest growing segment. A combination of visa-free policies and increased visibility through global social media has made China a more accessible and attractive destination. In Q1, our inbound travel booking surged by approximately 100% year over year, with South Korea, Thailand, Malaysia and Indonesia emerged as some of the fastest growing source markets.

May 19, 2025 / CEO / receipt, needs a key / James Lam, CEO | earnings call 2025-05-19 | transcript 1a222205-7d97-4c75-a0d7-637168bce8ab | chars 2357-2814 | segment 2

The travel industry continues to show strong growth in 2025, driven by high consumer confidence, resilient demand, and favorable policies. Trip.com continues to deliver outstanding performance, benefiting from our diversified market presence.

May 19, 2025 / CEO / receipt, needs a key / James Lam, CEO | earnings call 2025-05-19 | transcript 1a222205-7d97-4c75-a0d7-637168bce8ab | chars 1909-2151 | segment 1

With our strength in the product capability optimized to operating efficiency and enhanced value proposition, we are as confident as ever with our capabilities and competitive position in the market and navigate through any uncertainties and challenges. We do not necessarily need a crystal ball if we are able to offer whatever exists in the market and match customers' aspirations. And we remain confident and positive in the attractive long-term growth profile of the travel industry.

Sep 21, 2022 / CEO / receipt, needs a key / James Lam, CEO | earnings call 2022-09-21 | transcript 2d2a716c-13ab-4f13-94dc-86486c650466 | chars 3969-4456 | segment 3

On the international front, The global travel industry continues its progress towards full recovery to the pre-pandemic level. Demand is staying strong despite the challenges facing the industry. In Q2, our revenues in Europe and U.S. markets have already surpassed the 2019 level. And our Asia-Pacific markets are also rapidly growing. While pace of growth in the European market has moderated due to headwinds such as airline capacity shortage and labor strikes, our air reservations in Europe has been approaching the 2019 level and our hotel reservation in the same region increased by about 400% year-over-year. Travel activities in Asia Pacific also rebounded with border reopening and further lifting of travel curbs. and have started to recover faster than ever since the outbreak of COVID. Together with product innovation, service enhancement, and the holiday demand, we expect this EU recovery in APEC continue to accelerate in Q3.

Sep 21, 2022 / CEO / receipt, needs a key / James Lam, CEO | earnings call 2022-09-21 | transcript 2d2a716c-13ab-4f13-94dc-86486c650466 | chars 2568-3510 | segment 2