Flying high: The speedy recovery in the China market demonstrates the strong resilience of the travel industry. — AP
BEIJING: Online travel agencies posted higher revenue during the third quarter as robust travel demand helped Chinese companies weather Covid-19 related sluggishness, according to experts.
Trip.com Group, China’s largest online travel agency, reported net revenue of 5.5 billion yuan (US$805mil) during the third quarter, down 48% on a yearly basis, but up 73% on a quarterly basis, according to its latest earnings report released on Tuesday.
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