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在线翻译:
szdaily -> Markets -> 
Trip.com rises in HK debut as domestic travel recovers
    2021-04-20  08:53    Shenzhen Daily

ONLINE travel platform Trip.com Group Ltd.’s shares rose in their trading debut in Hong Kong, as China gears up for a busy travel season during the upcoming Labor Day holiday.

Trip.com’s shares opened at HK$281 (US$36.15) apiece, up 4.85 percent from their secondary listing offer price of HK$268 a share. The travel and accommodation booking business had flagged in its launch documents the shares would not be priced above HK$333 each.

The company raised around HK$8.33 billion in net proceeds from its offering in Hong Kong. Trip.com is the latest among U.S.-listed Chinese mainland firms to tap the active fundraising market in Hong Kong.

The listing also comes as domestic travel in China is poised for further recovery, as more Chinese residents are vaccinated against the coronavirus under an accelerated government rollout.

James Liang, co-founder and CEO of Trip.com Group, said domestic tourism has been improving gradually as China has recovered from coronavirus.

In the recent three-day Qing- ming holiday, domestic travellers made 102 million trips, equivalent to 94.5 percent of the trips made over the holiday in 2019, official data show.

Though overseas trip numbers disappeared, Liang said domestic trips were more profitable for the group because the margin of international flights was relatively low.

“If people use the money instead on domestic hotels, it is not bad for our profit even though the turnover is smaller,” Liang said.

Chinese airlines broadly recorded a sharp jump in air-travel demand last month. China Southern Airlines said its passenger traffic by revenue passenger kilometers more than doubled from a year earlier. (SD-Agencies)

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