Trip.com Group Limited (NASDAQ:TCOM) Q1 2024 Results Conference Call May 20, 2024 8:00 PM ET
Company Participants
Michelle Qi - Senior IR Director
James Liang - Executive Chairman
Jane Sun - CEO
Cindy Wang - CFO
Conference Call Participants
Brian Gong - Citi
Thomas Chong - Jefferies
Joyce Ju - Bank of America
James Lee - Mizuho
Alex Poon - Morgan Stanley
Jiong Shao - Barclays
Alex Yao - JPMorgan
Simon Cheung - Goldman Sachs
Operator
Good day, and thank you for standing by. Welcome to the Trip.com Group 2024 Q1 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to Michelle Qi, Head of Investor Relations. Please go ahead.
Michelle Qi
Thank you. Thank you, everyone. Good morning. Welcome to Trip.com's First Quarter of 2024 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 U.S. Private Securities 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 first quarter of 2024, as well as the color for the second quarter of 2024. 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, and thanks, everyone, for joining us on the call today. The Chinese travel market has experienced remarkable growth over the last year, and 2024 continues to be a strong year for travel. Positioned at the front of this striving sector, Trip.com Group has achieved significant investments across all business lines in this quarter. In 2024, outbound travel continues to be a pivotal force propelling the Chinese travel market forward. With international flight capacity roughly doubling compared to last year and the visa-free policies further facilitating trips in the APAC region.