Trip.com

But one of the big unknowns for the OTAs, and this could be the big unlock for Direct.

And what I've shown here is stock market prices for Meta versus Airbnb, Booking, Expedia, Trip, Uber, DoorDash, and Instacart.

And what we see here, and you can see the September 8th right here.

What happened? Anyone know? Muse launched.

It was like incredibly cheap.

Just on like Klook or on trip.com. And then the Ubers and trains were cheap.

So like the flights and the hotels are like the biggest expense in my opinion.

And other than that, you're going to have a grand time.

Well, thank you very much for coming on.

James, tell us what you do at Trip and who Trip.com are.

Yeah, well, thank you first for having me along here.

I've been with TripNow for coming up to eight years.

As well as that kind of global reach, we also have multiple products.

So a customer would come to us because they can get things from our platform that they can't get from just the supplier's platform, or they can get more choice from our platform in that sense.

I mean, just looking at it, so Trip.com's platform grew, internationally this is, grew 65% quarter one, 2026 year on year.

But I guess just looking at that growth, how do you see that? Is that an increase in demand or is that ultimately taking, you know, business away from other people, business away from the direct supply? How are you seeing that and...

And they're well-organized.

So in this company, Trip.com, they're a NASDAQ-listed company worth about $50 billion.

They're a huge company.

They were very effective at getting everyone to come in on Monday, Tuesday, Thursday.

Today, we're tracking a $770 million hit to Trip.com's books.

American Airlines drawing a hard line on capacity if fuel prices don't ease up.

and Sam's Club going all in on cruises.

I'm Tasmin Lockwood, Skiff's climate and experiences reporter.

Let's get into it.

First off, China's antitrust crackdown just cost Trip.com Group millions and is reshaping how the company does business at home.

Trip.com booked a $770 million regulatory hit in the second quarter, tipping the company from $730 million in profit a year ago into a $358 million loss.

But the biggest story isn't the one-time charge, it's what comes next.

Trust me, I've done that.

I went yesterday to Arabian Travel Market to moderate a session and sit down with Trip.com's main advisor.

He said very nice things about UAE's leadership and how they handled the travel and tourism, uh, economy in the last four, five months of US-Israel-Iran war.

But the main point, uh, of it was that I parked my car in a parking space near my home and then took the metro and went there.