在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Companies

HK float gives fillip to Trip's Asia play

By HE WEI in Shanghai | China Daily | Updated: 2021-04-20 09:41
Share
Share - WeChat
Trip.com employees manage a booth during the third China International Import Expo in Shanghai in November. [Photo provided to China Daily]

After making its secondary listing in Hong Kong on Monday, Nasdaq-listed Chinese mainland online travel agency Trip.com Group Ltd said it aims to tap into more Asian investors and customers.

Priced at HK$268 ($34.5), the stock jumped 4.55 percent to HK$281.2 in Hong Kong on Monday.

Its Nasdaq-listed shares closed at $36.51 on Friday. Way back in 2003, Trip made its IPO on the Nasdaq stock market. The company operates travel booking sites such as Ctrip.com, Qunar and Skyscanner.

Trip executives said after a listing ceremony in Shanghai that the company now expects robust growth in China's travel market.

Trip is also confident that global travel will likely rebound whenever the COVID-19 pandemic subsides, they said.

The company said in a news release it hopes to use net proceeds from the Hong Kong float to fund the expansion of one-stop travel offerings, improve user experience, invest in technology to bolster its market-leading position in products and services, and improve operational efficiency.

Liang Jianzhang, Trip's co-founder and chairman, likened tourism to people's "unsaturated "spiritual pursuit, and concluded that tourism should be an industry with fast and stable growth.

"The hurdles brought by the pandemic are (going to be) only temporary," said Liang during the ceremony in Shanghai. "We can't live without traveling, and our goal is to make traveling inseparable from Trip."

The company has felt the pinch of the drastic pandemic-related decline in global travel. According to the prospectus filed with the Hong Kong stock exchange, Trip's net revenue for 2020 dropped 49 percent year-on-year to 18.3 billion yuan ($2.81 billion).

Still, its US-listed shares jumped 60 percent in the past year, largely fueled by resumption of domestic travel in China.

Liang said the emphasis from now on will include promoting rural and countryside travel plans in China. Domestic travel and short trips to neighboring areas will also "enjoy robust absolute growth".

The company recently unveiled plans to boost its content ecosystem and partner marketing capabilities with the launch of a new travel marketing strategy.

It is designed to allow suppliers to expand and enhance their marketing activities on Trip's various platforms.

The company is also eyeing a stronger foothold in the international travel segment. Trip sees room for big growth in the segment where its market share is just 2 percent now, Liang said.

Agreed Sun Jie, Trip's chief executive officer. "We anticipate the fastest growth over the next decade to come from Asia. We will expand the brand, engage with Asian customers and partners and expand our investor base in Asia."

The unexpected pandemic has rattled the global travel market, which contracted last year by more than 50 percent to $2.6 trillion, from $5.8 trillion in 2019, according to a research report from consultancy Analysys.

But the study expects the industry to rebound to pre-pandemic levels in 2022, driven by the rollout of COVID-19 vaccines, as well as rising consumer spending power, especially from emerging markets such as Asia.

Chen Liteng, an analyst at the Internet Economy Institute, a consultancy, said Trip rode the wave of secondary listings in Hong Kong created by Chinese mainland tech companies such as Alibaba and Bilibili to hedge against uncertainties amid Washington's increasing scrutiny of Chinese-listed firms.

"The choice of Hong Kong is in line with Trip's strategy to focus on the domestic market while eyeing international expansion.

"But the growth pace of its revenue over the years has seen a gradual decline, owing to a combination of factors, including a growing number of domestic rivals backed by internet giants or international peers such as Expedia and Booking."

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 狠狠躁夜夜躁人人爽天天高潮 | 国产成人+综合亚洲+天堂 | 国产精品亚洲第一区在线暖暖韩国 | 亚洲综合首页 | 欧美成人免费一级人片100 | 欧美日韩视频一区二区 | 成人一区二区三区 | 91精品国产91久久久久久吃药 | 欧美一级片在线 | www.99热 | 国产影音先锋 | 羞羞在线视频 | 97超碰人人干 | 久久99精品久久久久 | 九九人人 | 国产精品九九九 | 欧美狠狠操| 日本xxww视频免费 | 极品久久久久久 | 国产精品视频久久久 | 99免费观看视频 | 不卡的av电影 | 欧美成年黄网站色视频 | 亚洲欧美日韩电影 | 中文字幕精品一区二区三区精品 | 亚洲成人一区二区三区 | 亚洲视频一二区 | 日韩成人片 | h片在线免费观看 | 91精品国产综合久久久久久 | 国产综合一区二区 | 日韩久久久一区二区 | 日韩五码在线 | 久久精品毛片 | 麻豆精品久久久 | 一区二区三区国产 | 久久久久久亚洲精品 | 综合 欧美 亚洲日本 | 成年免费视频黄网站在线观看 | 久久亚洲视频 | 日韩毛片|