PALO ALTO, U.S. -- Trip.com Group, China's largest online travel operator, reported a $754 million loss in the first quarter as the coronavirus pandemic disrupted global travel, but saw a silver lining as domestic tourism rebounded and demand for high-end accomodations grew.
"In China, travel activities hit bottom in February, and have since been consistently on a recovery track," said James Liang, Trip.com's executive chairman, during the company's earnings release. The Nasdaq-listed company operates travel booking sites including Ctrip, Skyscanner and Qunar.
