Trip.com Group Limited is a multinational travel agency headquartered in Shanghai, China. It is the largest online travel service provider in the world. Founded in 1999, the company owns and operates several travel fare aggregators and travel fare metasearch engines, including namesake and flagship Trip.com, Skyscanner, Ctrip, Qunar, Travix, and MakeMyTrip. It operates websites in approximately 40 languages and 200 countries. The company is ranked 820th on the ''Forbes'' Global 2000.

History

The company was founded as Ctrip.com by James Liang, Neil Shen, Min Fan, and Qi Ji in June 1999. The company was listed on the

NASDAQ The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list ...

in 2003 through a variable interest entity (VIE) based in the

Cayman Islands The Cayman Islands () is a self-governing British Overseas Territories, British Overseas Territory, and the largest by population. The territory comprises the three islands of Grand Cayman, Cayman Brac and Little Cayman, which are located so ...

in a Merrill Lynch-led offering, raising US$75 million from the sale of 4.2 million American depositary receipts at $18 each. It appreciated 86% to close at $33.94 per ADR in its first day of trading. The stock traded at a peak of $37.35 on its first day of trading, making it the first company since the November 2000 IPO of Transmeta to double its price in the first day of trading. On August 6, 2014, Priceline.com, announced that it will invest $500 million in the company to broaden the companies’ options in China, and the companies, which had a commercial partnership since 2012, increased their cross-promotion of each company's hotel inventory and other travel services. The investment was increased by $250 million in May 2015. In November 2016, the company acquired Skyscanner for £1.4 billion. That same month, Jane Sun became the CEO of Ctrip which she had joined in 2005. On November 1, 2017, Ctrip acquired Trip.com, rebranding it as its global brand website. In February 2018, Ctrip launched TrainPal, an online ticketing platform featuring split ticketing, in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

. Accredited by the National Rail of the UK, TrainPal mainly provides services for the UK, and other European countries. In September 2019, Ctrip completed a share exchange with Naspers and became the single largest shareholder of MakeMyTrip. On October 25, 2019, at its 2019 annual general meeting of shareholders, it was approved to change the Company name from "Ctrip.com International, Ltd." to "Trip.com Group Limited". On April 19, 2021, Trip.com Group was listed on the

Hong Kong Stock Exchange The Stock Exchange of Hong Kong (, SEHK, also known as Hong Kong Stock Exchange) is a stock exchange based in Hong Kong. It is one of the largest stock exchanges in Asia and the List of major stock exchanges, 9th largest globally by market ...

. On August 16, 2024, Ctrip Asia Live Broadcast Center was unveiled in Thailand.

Remote work

The company is a proponent of scientific management. After a 2012 randomized control trial using 242 employees and sponsored by professors at

Stanford University Leland Stanford Junior University, commonly referred to as Stanford University, is a Private university, private research university in Stanford, California, United States. It was founded in 1885 by railroad magnate Leland Stanford (the eighth ...

and

Peking University Peking University (PKU) is a Public university, public Types of universities and colleges in China#By designated academic emphasis, university in Haidian, Beijing, China. It is affiliated with and funded by the Ministry of Education of the Peop ...

found that employees randomly assigned to

remote work Remote work (also called telecommuting, telework, work from or at home, WFH as an initialism, hybrid work, and other terms) is the practice of work (human activity), working at or from one's home or Third place, another space rather than from ...

for 9 months increased their output by 13.5% versus the office-based control group, and their turnover rates fell by almost 50%, the company allowed

company-wide.

References

External links

Trip.com USA site
{{Hang Seng Index 2003 initial public offerings Chinese brands Chinese companies established in 1999 Companies based in Shanghai Companies listed on the Nasdaq Hospitality companies established in 1999 Internet properties established in 1999 Online companies of China Online travel agencies Silver Lake (investment firm) companies Travel and holiday companies of China