Trip.com Group Limited (NASDAQ:TCOM) Q2 2023 Earnings Call Transcript September 4, 2023 8:00 PM ET
Company Participants
Michelle Qi - Investor Relations Director
James Liang - Executive Chairman
Jane Sun - Chief Executive Officer
Cindy Wang - Chief Financial Officer
Conference Call Participants
Brian Gong - Citi
Alex Yao - J.P. Morgan
Alex Poon - Morgan Stanley
Simon Cheung - Goldman Sachs
James Lee - Mizuho
Wei Xiong - UBS
Parash JAIN - HSBC
Thomas Chong - Jefferies
Operator
Hello, everyone. Thank you for standing by. Welcome to Trip.com Group 2023 Q2 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers’ presentation, there will be a question-and-answer session. [Operator Instructions] I must advise you that today's conference is being recorded.
With that, I'd like to now hand the call over to your host today, Ms. Michelle Qi, Investor Relations Director. Thank you. Please go ahead.
Michelle Qi
Thank you. Thank you, all. Good morning, and welcome to Trip.com Group's second quarter of 2023 earnings conference call. Joining me today on the call are Mr. James Liang, Executive Chairman of the Board; Ms. Jane Sun, Chief Executive Officer, and Ms. Cindy Wang, Chief Financial Officer.
During this call, we will discuss our future outlook and performance, which are forward-looking statements made under the safe harbor provisions of the US Private Security Litigation Reform Act of 1995. Forward-looking statements involve inherent risks and uncertainties. As such, our results may be materially different from the views expressed today. A number of potential risks and uncertainties are outlined in Trip.com Group's public filings with the Securities and Exchange Commission. Trip.com Group does not undertake any obligation to update any forward-looking statements, except as required under applicable law.
James, Jane and Cindy will share our strategy and business updates, operating highlights and financial performance for the second quarter of 2023 as well as the outlook for the third quarter of 2023. After the prepared remarks, we will have a Q&A session.
With that, I will turn the call over to James. James, please.
James Liang
Thank you, Michelle. Thank you, everyone, for joining us on the call today. Throughout the second quarter, China's travel industry has experienced a notable resurgence supported by unwavering travel demand. Our business continues to set new record highs in the overall hotel and air bookings, spearheading the market recovery.
In China, travel demand has remained resilient, as a result of a shift in consumers spending away from goods and into service. There has been strong rebound in both our domestic and international business. While we anticipate it's still limited, travelers' desire to gear up and the venture worldwide remain intense. The recently expanded [list of] (ph) outbound group tour destinations and additional international flights are potential boost for international travel. We're confident that the encouraging trend of outbound travel recovery will persist into the future.