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Global News Select 3Q Revenue Surges

By Sabela Ojea Group said revenue surged in the latest quarter, driven by a recovery in the domestic and international travel industry amid increasing travel bookings.

The Shanghai-based travel service provider said revenue jumped 99% to $1.9 billion in the third quarter.

Total bookings on the company's global online travel agents platform have more than doubled both year over year and compared to pre-Covid-19 levels, said.

"Looking ahead, we will continue our efforts in expanding our global presence and cultivating AI-related initiatives, laying the foundation for continued growth of our company," Executive Chairman James Liang said.


Write to Sabela Ojea at; @sabelaojeaguix


(END) Dow Jones Newswires

November 20, 2023 17:49 ET (22:49 GMT)

Copyright (c) 2023 Dow Jones & Company, Inc.

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