TCOM Reports Q1 2026 Earnings

com Group (NASDAQ: TCOM ) held its first-quarter earnings conference call on Tuesday. Below is the complete transcript from the call. This content is powered APIs. 2 billion, a 17% year-over-year increase, driven by strong travel demand.

The company aims to attract 200 million inbound travelers over the next five years, leveraging favorable policies and extensive marketing initiatives. com integrating AI into operations to improve efficiency and enhance customer experiences. Gross bookings for international platforms increased by 65% year-over-year, with significant growth in inbound travel, particularly from the APAC region. Management expects Q2 2026 revenue growth of 3-8% year-over-year, noting moderated growth due to macroeconomic factors and compliance adjustments.

Full Transcript OPERATOR Good day and thank you for standing by. com Group 2026 Quarter 1 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question and answer session.

To ask a question during the session, you need to press star 11 on your telephone. Please be advised that today's conference is being recorded. I would now like to hand the call over to your first speaker today, Ms. Michelle Chi, Senior IR Director.

Thank you. Please go ahead. Michelle Chi, Senior IR Director Thank you. Thank you everyone for standing by.

com Group's first quarter of 2026 earnings conference call. Joining me today on the call are Mr. James Liang, Executive Chairman of the Board, Ms. Jen Sam, Chief Executive Officer, and Ms.

Cindy Wong, Chief Financial Officer. 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. com Group's public filings with the Securities and Exchange Commission. com Group does not undertake any obligation to update any forward-looking statements except as required under applicable law. James, Jen, and Cindy will share our strategy and business updates, operating highlights, and financial performance for the first quarter of 2026, as well as the outlook for the second quarter of 2026.

After the prepared remarks, we will have the Q and A session. With that, I will turn the call over to James. James, please. James Liang, Chairman Of The Board Thank you, Michelle, and thanks everyone for joining us today.

We started the year with strong momentum. Travel continues to drive consumption, create jobs, and support broader industry growth. In this context, we are focused on unlocking the full potential of inbound travel as a key engine for local economies. At the core of our approach is a simple idea: turning inbound travel into real on-the-ground opportunities for local partners.

We have set an ambitious goal to serve 200 million inbound travelers over the next five years. This reflects both the scale of the opportunity and the potential to connect local destinations with global demand. As policies become more favorable, the inbound travel market is opening like never before. com welcomed 20 million inbound travelers.

In Q1 2026 alone, we have already served approximately 7 million travelers, laying a strong foundation for long-term growth. Our role is to connect the ecosystem. We help partners understand international traveler expectations and translate that knowledge into products and services that capture incremental demand. We are raising awareness and positioning China as an accessible and attractive destination through targeted marketing initiatives.

These include offline promotions in key global transit hubs, joint campaigns with airline partners, and collaborations with international content creators. In parallel, we are working closely with hotels, attractions, and travel agencies to enhance their readiness for inbound demand. During the quarter, we engaged over 110,000 local partners in inbound-related services. For many, this was their first opportunity to connect with international travelers, expanding their reach and enabling more effective participation in the inbound market.

Beyond generating demand, we are going deeper into key inbound destinations, supporting product development and long-term operations. We collaborate with local partners across 29 high-potential destinations to design and deliver integrated travel experiences. By connecting attractions, accommodations, and local services into seamless itineraries, we help create more cohesive and experience-driven offerings. Initiatives such as Taste of China showcase how curated products can bring local culture to life for global travelers.

To scale these efforts and help partners connect with international travelers more effectively, technology and AI, in particular, is becoming an increasingly important enabler across the travel ecosystem. We are building and deploying our own suite of AI agents to support both travelers and supply partners. These capabilities already help suppliers overcome language barriers, enhance content quality, and improve service responsiveness. Automated content tools enable suppliers to generate richer materials, including video, helping them showcase their offerings to a global audience.

In customer service, AI-driven systems deliver faster, more consistent responses, improving service quality while reducing operational burden. More broadly, AI is transfor