SHANGHAI, 1 November 2021: Trip.com Group, listed on both the New York and Hong Kong stock exchanges, has borrowed USD1.5 billion in a transferable term loan facility signed with financial institutions,

The facility signed last month covers three years. The
proceeds borrowed will be used for the repayment of the outstanding balance of
USD1.5 billion under the term loan facility the travel company entered into in
July 2019.

Trip.com Group is a leading one-stop travel service provider
of accommodation reservation, transportation ticketing, packaged tours and
corporate travel.

Often described as “the go-to destination for
travellers in China,” but through expansion and acquisitions, the company
is now a major player worldwide. Founded in 1999 and listed on Nasdaq in 2003,
the group operates a portfolio of brands, including Ctrip, Qunar, Trip.com and
Skyscanner.

Last September, the group announced its unaudited financial
results for the second quarter and first half of 2021 with the following
highlights.

First half key indicators

The group’s business units show signs of resilient recovery
in the Chinese domestic market.

Total net revenue increased by 86% year over year and 43%
quarter over quarter, driven by the strong recovery momentum of the Chinese
domestic market.

Both our domestic hotel and air-ticket revenue increased by
about 150% year over year. Compared with the same pre-Covid period in 2019,
domestic hotel and air ticketing reservations achieved double-digit growth in
the second quarter.

Staycation travel continues to serve as a major driver of
domestic recovery, with local hotel reservations growing nearly 80% versus the
pre-Covid period in 2019.

Revenues from corporate travel management grew 141% year
over year and 26% compared with the pre-COVID period in 2019.