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Trip.com shares surge on strong Q2 results

Shares of Trip.com surged on Tuesday after the leading Chinese online travel service reported better-than-expected Q2 results, driven by strong demand for international travel. The company posted earnings per share of 7.25 RMB ($1) and a 14% YoY revenue increase to 12.8 billion RMB ($1.77 billion), surpassing analyst expectations. The growth was fueled by a rise in travel, particularly during holiday periods, with cross-border trips showing significant strength. Accommodation reservation revenue increased by 20% to 5.1 billion RMB ($706 million), transportation ticketing revenue rose by 1% to 4.9 billion RMB ($679 million), and package tour revenue soared by 42% to 1.0 billion RMB ($139 million). As a result, Trip.com’s American depositary receipts rose 8.6%, closing at $45.97, and are up 28% year-to-date.

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