Exhibit 99.1

Trip.com Group Limited Reports Unaudited Second Quarter and First Half of 2024 Financial Results

SINGAPORE, August 26, 2024 — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) (“Trip.com Group” or the “Company”), a leading one-stop travel service provider of accommodation reservation, transportation ticketing, packaged tours, and corporate travel management, today announced its unaudited financial results for the second quarter and first half of 2024.

Key Highlights for the Second Quarter of 2024

• Domestic and international businesses sustained growth across all segments in the second quarter of 2024

• Accommodation bookings on the Company’s Chinese sites grew by approximately 20% year over year, primarily driven by robust growth in both outbound and domestic travel.

• Outbound hotel and air reservations recovered to 100% of the pre-COVID level for the same period in 2019, surpassing the industry-wide recovery rate of over 70% in terms of international flight capacity.

• Total revenue of the Company’s international OTA brand has increased by around 70% year over year.

• The Company achieved outstanding financial performance in the second quarter of 2024

• Net revenue for the second quarter grew by 14% year over year.

• Net income for the second quarter of 2024 was RMB3.9 billion (US$535 million), compared to RMB648 million for the same period in 2023.

• Adjusted EBITDA for the second quarter was RMB4.4 billion (US$611 million). Adjusted EBITDA margin was 35%, improved from 33% for the same period in 2023.

“The second quarter of 2024 witnessed continued growth driven by strong travel demand, especially for cross-border travel,” said James Liang, Executive Chairman. “Our strong performance highlights our adaptability in a dynamic market. Looking ahead, we are dedicated to leveraging the potential of AI to revolutionize the travel industry and provide exceptional value to our customers.”

“We are pleased with our strong growth and the resilience of travel consumption in China,” said Jane Sun, Chief Executive Officer. “This promising outlook fuels our enthusiasm for innovation and new initiatives. By collaborating with our partners, we are well-positioned for even greater success.”

Second Quarter of 2024 Financial Results and Business Updates

For the second quarter of 2024, Trip.com Group reported net revenue of RMB12.8 billion (US$1.8 billion), representing a 14% increase from the same period in 2023. Net revenue for the second quarter of 2024 increased by 7% from the previous quarter, primarily driven by stronger travel demand, particularly during the holiday periods.

Accommodation reservation revenue for the second quarter of 2024 was RMB5.1 billion (US$707 million), representing a 20% increase from the same period in 2023 primarily driven by an increase in accommodation reservations. Accommodation reservation revenue for the second quarter of 2024 increased by 14% from the previous quarter, primarily driven by stronger travel demand, particularly during the holiday periods.

Transportation ticketing revenue for the second quarter of 2024 was RMB4.9 billion (US$670 million), representing a 1% increase from the same period in 2023. Transportation ticketing revenue for the second quarter of 2024 decreased by 3% from the previous quarter despite robust growth in ticketing volume, primarily due to fluctuations of air ticket prices in the second quarter of 2024.

Packaged-tour revenue for the second quarter of 2024 was RMB1.0 billion (US$141 million), representing a 42% increase from the same period in 2023 primarily driven by an increase in packaged-tour reservations. Packaged-tour revenue for the second quarter of 2024 increased by 16% from the previous quarter, primarily driven by stronger travel demand, particularly during the holiday periods.

Corporate travel revenue for the second quarter of 2024 was RMB633 million (US$87 million), representing an 8% increase from the same period in 2023 primarily driven by an increase in corporate travel reservations. Corporate travel revenue for the second quarter of 2024 increased by 24% from the previous quarter, primarily due to seasonality.

Cost of revenue for the second quarter of 2024 increased by 15% to RMB2.3 billion (US$318 million) from the same period in 2023 and increased by 3% from the previous quarter, which was generally in line with the increase in net revenue. Cost of revenue as a percentage of net revenue was 18% for the second quarter of 2024.

Product development expenses for the second quarter of 2024 increased by 1% to RMB3.0 billion (US$412 million) from the same period in 2023 and decreased by 4% from the previous quarter. Product development expenses as a percentage of net revenue was 23% for the second quarter of 2024.

Sales and marketing expenses for the second quarter of 2024 increased by 20% to RMB2.8 billion (US$390 million) from the same period in 2023 and increased by 23% from the previous quarter primarily due to the increase in expenses relating to sales and marketing promotion activities. Sales and marketing expenses as a percentage of net revenue was 22% for the second quarter of 2024.

General and administrative expenses for the second quarter of 2024 increased by 13% to RMB1.1 billion (US$148 million) from the same period in 2023 and increased by 16% from the previous quarter, primarily due to an increase in general and administrative personnel related expenses. General and administrative expenses as a percentage of net revenue was 8% for the second quarter of 2024.

Income tax expense for the second quarter of 2024 was RMB693 million (US$95 million), compared to RMB562 million for the same period in 2023 and RMB664 million for the previous quarter. The change in Trip.com Group’s effective tax rate was primarily due to the combined impacts of changes in respective profitability of its subsidiaries with different tax rates, changes in deferred tax liabilities relating to withholding tax, certain non-taxable income or loss resulting from the fair value changes in equity securities investments and exchangeable senior notes recorded in other income/(expense), and changes in valuation allowance provided for deferred tax assets.

Net income for the second quarter of 2024 was RMB3.9 billion (US$535 million), compared to RMB648 million for the same period in 2023 and RMB4.3 billion for the previous quarter. Adjusted EBITDA for the second quarter of 2024 was RMB4.4 billion (US$611 million), compared to RMB3.7 billion for the same period in 2023 and RMB4.0 billion for the previous quarter. Adjusted EBITDA margin was 35% for the second quarter of 2024, compared to 33% for the same period in 2023 and for the previous quarter.

Net income attributable to Trip.com Group’s shareholders for the second quarter of 2024 was RMB3.8 billion (US$527 million), compared to RMB631 million for the same period in 2023 and RMB4.3 billion for the previous quarter. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP net income attributable to Trip.com Group’s shareholders for the second quarter of 2024 was RMB5.0 billion (US$686 million), compared to RMB3.4 billion for the same period in 2023 and RMB4.1 billion for the previous quarter.

Diluted earnings per ordinary share and per ADS was RMB5.57 (US$0.77) for the second quarter of 2024. Excluding share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects, non-GAAP diluted earnings per ordinary share and per ADS was RMB7.25 (US$1.00) for the second quarter of 2024. Each ADS currently represents one ordinary share of the Company.

As of June 30, 2024, the balance of cash and cash equivalents, restricted cash, short-term investment, and held to maturity time deposit and financial products was RMB99.0 billion (US$13.6 billion).

Offering of Cash-par Settled Convertible Senior Notes

In June 2024, the Company completed an offering of US$1.5 billion in aggregate principal amount of cash-par settled convertible senior notes due 2029 (the “Notes”), including the initial purchasers’ full exercise of option to purchase an additional US$200 million in aggregate principal amount of the Notes. The Notes are general unsecured obligations of the Company and bear interest at a rate of 0.75% per year.

The Notes contemplate cash-par settlement upon conversion. Upon conversion, the Company will pay cash up to the aggregate principal amount of the Notes being converted and have the right to elect to settle the conversion consideration for amounts in excess of the aggregate principal amount using cash, ADSs, or a combination of cash and ADSs.

Concurrent ADS Repurchase

Concurrently with the Notes offering, the Company repurchased approximately 6.0 million ADSs in an aggregate amount of approximately US$300 million pursuant to its existing share repurchase plans in off-market privately negotiated transactions effected through one or more of the initial purchasers of the Notes or their affiliates as its agent.

Conference Call

Trip.com Group’s management team will host a conference call at 8:00 PM on August 26, 2024, U.S. Eastern Time (or 8:00 AM on August 27, 2024, Hong Kong Time) following the announcement.

The conference call will be available live on Webcast and for replay at: https://investors.trip.com. The call will be archived for twelve months on our website.

All participants must pre-register to join this conference call using the Participant Registration link below:

https://register.vevent.com/register/BI1654b47de1924af88e8ea8e0351b2261

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “may,” “will,” “expect,” “anticipate,” “future,” “intend,” “plan,” “believe,” “estimate,” “is/are likely to,” “confident,” or other similar statements. Among other things, quotations from management in this press release, as well as Trip.com Group’s strategic and operational plans, contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, severe or prolonged downturn in the global or Chinese economy, general declines or disruptions in the travel industry, volatility in the trading price of Trip.com Group’s ADSs or shares, Trip.com Group’s reliance on its relationships and contractual arrangements with travel suppliers and strategic alliances, failure to compete against new and existing competitors, failure to successfully manage current growth and potential future growth, risks associated with any strategic investments or acquisitions, seasonality in the travel industry in the relevant jurisdictions where Trip.com Group operates, failure to successfully develop Trip.com Group’s existing or future business lines, damage to or failure of Trip.com Group’s infrastructure and technology, loss of services of Trip.com Group’s key executives, adverse changes in economic and business conditions in the relevant jurisdictions where Trip.com Group operates, any regulatory developments in laws, regulations, rules, policies or guidelines applicable to Trip.com Group and other risks outlined in Trip.com Group’s filings with the U.S. Securities and Exchange Commission or the Stock Exchange of Hong Kong Limited. All information provided in this press release and in the attachments is as of the date of the issuance, and Trip.com Group does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About Non-GAAP Financial Measures

To supplement Trip.com Group’s consolidated financial statements, which are prepared and presented in accordance with United States Generally Accepted Accounting Principles (“GAAP”), Trip.com Group uses non-GAAP financial information related to adjusted net income attributable to Trip.com Group Limited, adjusted EBITDA, adjusted EBITDA margin, and adjusted diluted earnings per ordinary share and per ADS, each of which is adjusted from the most comparable GAAP result to exclude the share-based compensation charges that are not tax deductible, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), net of tax, and other applicable items. Trip.com Group’s management believes the non-GAAP financial measures facilitate better understanding of operating results from quarter to quarter and provide management with a better capability to plan and forecast future periods.

Non-GAAP information is not prepared in accordance with GAAP, does not have a standardized meaning under GAAP, and may be different from non-GAAP methods of accounting and reporting used by other companies. The presentation of this additional information should not be considered a substitute for GAAP results. A limitation of using non-GAAP financial measures is that non-GAAP measures exclude share-based compensation charges, fair value changes of equity securities investments and exchangeable senior notes recorded in other income/(expense), and their tax effects that have been and will continue to be significant recurring expenses in Trip.com Group’s business for the foreseeable future.

Reconciliations of Trip.com Group’s non-GAAP financial data to the most comparable GAAP data included in the consolidated statement of operations are included at the end of this press release.

About Trip.com Group Limited

Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) is a leading global one-stop travel platform, integrating a comprehensive suite of travel products and services and differentiated travel content. It is the go-to destination for travelers in China, and increasingly for travelers around the world, to explore travel, get inspired, make informed and cost-effective travel bookings, enjoy hassle-free on-the-go support, and share travel experience. Founded in 1999 and listed on Nasdaq in 2003 and HKEX in 2021, the Company currently operates under a portfolio of brands, including Ctrip, Qunar, Trip.com, and Skyscanner, with the mission “to pursue the perfect trip for a better world.”

For further information, please contact:

Investor Relations

Trip.com Group Limited

Tel: +86 (21) 3406-4880 X 12229

Email: iremail@trip.com

Trip.com Group Limited

Unaudited Consolidated Balance Sheets

(In millions, except share and per share data)

	December 31, 2023		June 30, 2024		June 30, 2024
	RMB (million)		RMB (million)		USD (million)
ASSETS
Current assets:
Cash, cash equivalents and restricted cash		43,983		51,553		7,094
Short-term investments		17,748		38,216		5,259
Accounts receivable, net		11,410		12,907		1,776
Prepayments and other current assets		15,591		18,863		2,596
Total current assets		88,732		121,539		16,725
Property, equipment and software		5,142		5,083		699
Intangible assets and land use rights		12,644		12,551		1,727
Right-of-use asset		641		741		102
Investments (Includes held to maturity time deposit and financial products of RMB15,530 million and RMB9,263 million as of December 31,2023 and June 30, 2024, respectively)		49,342		45,392		6,246
Goodwill		59,372		59,381		8,171
Other long-term assets		688		538		74
Deferred tax asset		2,576		2,598		358
Total assets		219,137		247,823		34,102
LIABILITIES
Current liabilities:
Short-term debt and current portion of long-term debt		25,857		39,530		5,440
Accounts payable		16,459		19,189		2,640
Advances from customers		13,380		16,561		2,279
Other current liabilities		16,715		16,836		2,317
Total current liabilities		72,411		92,116		12,676
Deferred tax liability		3,825		3,477		478
Long-term debt		19,099		20,034		2,757
Long-term lease liability		477		545		75
Other long-term liabilities		319		259		36
Total liabilities		96,131		116,431		16,022
SHAREHOLDERS’ EQUITY
Total Trip.com Group Limited shareholders’ equity		122,184		130,500		17,957
Non-controlling interests		822		892		123
Total shareholders’ equity		123,006		131,392		18,080
Total liabilities and shareholders’ equity		219,137		247,823		34,102

Trip.com Group Limited

Unaudited Consolidated Statements of Income

(In millions, except share and per share data)

	Three Months Ended												Six Months Ended
	June 30, 2023			March 31, 2024			June 30, 2024			June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2024
	RMB (million)			RMB (million)			RMB (million)			USD (million)			RMB (million)			RMB (million)			USD (million)
Revenue:
Accommodation reservation		4,285			4,496			5,136			707			7,765			9,632			1,325
Transportation ticketing		4,814			5,000			4,871			670			8,970			9,871			1,358
Packaged-tour		722			883			1,025			141			1,108			1,908			263
Corporate travel		584			511			633			87			1,029			1,144			157
Others		857			1,031			1,123			154			1,601			2,154			296
Total revenue		11,262			11,921			12,788			1,759			20,473			24,709			3,399
Less: Sales tax and surcharges		(15	)		(16	)		(16	)		(2	)		(28	)		(32	)		(4	)
Net revenue		11,247			11,905			12,772			1,757			20,445			24,677			3,395
Cost of revenue		(2,007	)		(2,238	)		(2,312	)		(318	)		(3,644	)		(4,550	)		(626	)
Gross profit		9,240			9,667			10,460			1,439			16,801			20,127			2,769
Operating expenses:
Product development *		(2,953	)		(3,109	)		(2,993	)		(412	)		(5,627	)		(6,102	)		(840	)
Sales and marketing *		(2,355	)		(2,312	)		(2,835	)		(390	)		(4,110	)		(5,147	)		(708	)
General and administrative *		(955	)		(931	)		(1,077	)		(148	)		(1,846	)		(2,008	)		(276	)
Total operating expenses		(6,263	)		(6,352	)		(6,905	)		(950	)		(11,583	)		(13,257	)		(1,824	)
Income from operations		2,977			3,315			3,555			489			5,218			6,870			945
Interest income		513			592			634			87			954			1,226			169
Interest expense		(555	)		(499	)		(514	)		(71	)		(1,041	)		(1,013	)		(139	)
Other (expense)/income		(1,961	)		759			(183	)		(25	)		(309	)		576			79
Income before income tax expense and equity in income of affiliates		974			4,167			3,492			480			4,822			7,659			1,054
Income tax expense		(562	)		(664	)		(693	)		(95	)		(903	)		(1,357	)		(187	)
Equity in income of affiliates		236			822			1,089			150			103			1,911			263
Net income		648			4,325			3,888			535			4,022			8,213			1,130
Net income attributable to non-controlling interests		(17	)		(13	)		(55	)		(8	)		(16	)		(68	)		(9	)
Net income attributable to Trip.com Group Limited		631			4,312			3,833			527			4,006			8,145			1,121
Earnings per ordinary share
- Basic		0.97			6.62			5.84			0.80			6.14			12.46			1.71
- Diluted		0.94			6.38			5.57			0.77			5.98			11.93			1.64
Earnings per ADS
- Basic		0.97			6.62			5.84			0.80			6.14			12.46			1.71
- Diluted		0.94			6.38			5.57			0.77			5.98			11.93			1.64
Weighted average ordinary shares outstanding
- Basic		653,392,956			651,349,707			655,857,569			655,857,569			652,625,256			653,603,638			653,603,638
- Diluted		671,942,381			675,933,592			687,977,626			687,977,626			670,838,392			682,766,701			682,766,701
* Share-based compensation included in Operating expenses above is as follows:
Product development		234			214			322			44			413			536			74
Sales and marketing		44			38			55			8			75			93			13
General and administrative		219			198			297			41			387			495			68

Trip.com Group Limited

Unaudited Reconciliation of GAAP and Non-GAAP Results

(In millions, except %, share and per share data)

	Three Months Ended												Six Months Ended
	June 30, 2023			March 31, 2024			June 30, 2024			June 30, 2024			June 30, 2023			June 30, 2024			June 30, 2024
	RMB (million)			RMB (million)			RMB (million)			USD (million)			RMB (million)			RMB (million)			USD (million)
Net income		648			4,325			3,888			535			4,022			8,213			1,130
Less: Interest income		(513	)		(592	)		(634	)		(87	)		(954	)		(1,226	)		(169	)
Add: Interest expense		555			499			514			71			1,041			1,013			139
Add: Other expense/(income)		1,961			(759	)		183			25			309			(576	)		(79	)
Add: Income tax expense		562			664			693			95			903			1,357			187
Less: Equity in income of affiliates		(236	)		(822	)		(1,089	)		(150	)		(103	)		(1,911	)		(263	)
Income from operations		2,977			3,315			3,555			489			5,218			6,870			945
Add: Share-based compensation		497			450			674			93			875			1,124			155
Add: Depreciation and amortization		204			209			207			29			405			416			57
Adjusted EBITDA		3,678			3,974			4,436			611			6,498			8,410			1,157
Adjusted EBITDA margin		33	%		33	%		35	%		35	%		32	%		34	%		34	%
Net income attributable to Trip.com Group Limited		631			4,312			3,833			527			4,006			8,145			1,121
Add: Share-based compensation		497			450			674			93			875			1,124			155
Add: Loss/(gain) from fair value changes of equity securities investments and exchangeable senior notes		2,351			(679	)		435			60			703			(244	)		(34	)
Add: Tax effects on fair value changes of equity securities investments and exchangeable senior notes		(45	)		(28	)		43			6			(85	)		15			2
Non-GAAP net income attributable to Trip.com Group Limited		3,434			4,055			4,985			686			5,499			9,040			1,244
Weighted average ordinary shares outstanding- Diluted-non GAAP		672,031,445			675,933,592			687,977,626			687,977,626			670,838,392			682,766,701			682,766,701
Non-GAAP Diluted income per share		5.11			6.00			7.25			1.00			8.20			13.24			1.82
Non-GAAP Diluted income per ADS		5.11			6.00			7.25			1.00			8.20			13.24			1.82

Notes for all the condensed consolidated financial schedules presented:

Note 1: The conversion of Renminbi (RMB) into U.S. dollars (USD) is based on the certified exchange rate of USD1.00=RMB7.2672 on June 28, 2024 published by the Federal Reserve Board.