Trip.com Group, formerly Ctrip, is a leading travel platform globally, integrating a comprehensive suite of travel products and services and differentiated travel content. Trip.com Group’s operations are primarily based in China and most of the company’s revenues are derived from operations in China.
The company has a strong domestic growth strategy that involves growing its online as well as its offline presence. A key part of Trip.com’s domestic growth is its ‘content strategy’ imagined to attract and engage users. This content strategy includes a user interface on which users can write authentic, user-generated content.
What is the impact of COVID-19 on Trip.com Group?
The COVID-19 pandemic adversely affected many aspects of Trip.com’s business. Since January 2020, the company has experienced, and continues to experience, a significant decline in travel demand resulting in significant user cancelations, refund requests and reduced new orders for international and domestic travel. In 2021, Trip.com continued to be affected by various COVID-19 mutations which triggered lockdowns in both China and overseas markets.
Prior to COVID-19, Trip.com Group was actively growing its 30,000 strong workforce around the world. However, the volume of job postings dropped significantly at the start of the pandemic and the introduction of COVID-19 related containment measures. In the month from February 2020 to March 2020, active job postings by Trip.com Group and its subsidiaries declined. Furthermore, active job postings continued to remain relatively lower from March 2020 until September 2020.
What are the key marketing strategies implemented by Trip.com?
The key marketing strategies implemented by Trip.com are marketing and brand awareness, transformation from a transaction-only platform to a hub of travel inspiration with ‘Star Hub’, investment in China Eastern Airlines, increasing accommodation inventory with investments in Homeinns and Tujia.
Trip.com Group’s international ambitions are clear when looking at the series of strategic partnerships and investments the company has made in the past. In 2019, Trip.com Group entered a strategic partnership with TripAdvisor. According to a news release from Trip.com Group, the strategic partnership is intended to expand global cooperation through a joint venture and global content agreements. Ctrip, a subsidiary of Trip.com Group entered into a joint venture with TripAdvisor’s subsidiary TripAdvisor Singapore. Trip.com Group is the majority shareholder of the joint venture entity, contributing cash and market expertise. Domestically, Trip.com Group has made a series of investments in accommodation service providers which will likely serve to increase the platform’s accommodation inventory.
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Market report scope
|Key marketing strategies||Marketing And Brand Awareness, Transformation from a Transaction-Only Platform to a Hub of Travel Inspiration With ‘Star Hub’, Investment in China Eastern Airlines, Increasing Accommodation Inventory with Investments in Homeinns and Tujia|
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- The case study is an analysis of Trip.com’s presence in online travel, discussing key markets, domestic and international growth strategies, business structure, strategic investments, opportunities, and challenges.
Reasons to Buy
- Gain an understanding of Trip.com Group’s business structure and timeline of operations.
- Gain an understanding of Trip.com Group’s financial information, including revenue, revenue breakdown and profit.
- Gain an understanding of the impact of COVID-19 on Trip.com Group.
- Gain an understanding of the company’s domestic and international growth strategies, the strategic investments and partnerships as well as the company’s investment in technology.
- Recognize the opportunities and threats facing Trip.com Group.
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Table of Contents
Table of Contents
Business Structure of Trip.com Group
Timeline of Trip.com
Trip.com Group’s Financial Information
Impact of COVID-19
China’s Travel Industry
Domestic Growth Strategies
International Growth Strategies
Trip.com Group’s Online Platform
Strategic Partnerships and Investments
Frequently Asked Questions
Marketing and brand awareness, transformation from a transaction-only platform to a hub of travel inspiration with ‘Star Hub’, investment in China Eastern Airlines, increasing accommodation inventory with investments in Homeinns and Tujia are the key marketing strategies implemented by Trip.com.
The key revenue segments of Trip.com Group are accommodation, transportation ticketing, packaged tours, and corporate travel.
Trip.com Group is a majority shareholder of MakeMyTrip and has a strategic partnership with TripAdvisor. It has also invested in China Eastern Airlines, Homeinns Hotel Group, and Tujia.
The key patents in the Trip.com Group are online travel, machine learning, artificial intelligence, cybersecurity, and cloud.
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