Trip.com says China hotel bookings are surpassing pre-pandemic levels

BEIJING — Hotel reservations in China have surpassed pre-pandemic levels since late June, booking site Trip.com said Thursday.

Trip.com shares briefly fell by more than 7% Thursday in Hong Kong trading, before recovering slightly to close 4.5% lower. New York-listed shares dropped 8.5% lower overnight, but were up 2.5% in extended trading.

“Overall our domestic China hotel reservation on our platform quickly rebounded and [have] surpassed pre-Covid levels from late June,” Cindy Xiaofan Wang, chief financial officer at Trip.com, said during an earnings call Thursday morning.

“Total domestic hotel bookings was around 20% higher than 2019 level in July, and