0001193125-24-122196 | 20-F | XBRL Viewer

Equity in (income)/loss of affiliates

1,834

258

1,188

1,681

(1,072)

(151)

586

(96)

Loss from disposal of property, equipment and software

Gain from disposal of long-term investment

(11)

(1)

(23)

(63)

Gain from disposal of subsidiaries

(4)

Impairments of long-term investments

115

949

Gain from settlement of contingency consideration related to a business combination

(30)

Gain on loan forgiveness

(68)

Changes in fair value for equity securities investment and exchangeable senior notes

1,507

212

(1,338)

170

Gain from the fair value remeasurement upon the discontinuance of the equity method of the investments

(1,135)

Gain from foreign currency forwards

(22)

(3)

(59)

(57)

Allowance for credit losses

296

141

Depreciation of property, equipment and software

627

632

723

Amortization of intangible assets and land use rights

190

243

298

Amortization of right of use assets

235

416

392

Deferred income tax (benefits)/expenses

(761)

(107)

295

(337)

Changes in current assets and liabilities, net of effects of business acquisitions and disposals:

Increase in accounts receivable

(6,026)

(849)

(701)

(468)

Decrease/(increase) in due from related parties

(936)

(132)

(240)

149

Increase in prepayments and other current assets

(2,101)

(296)

(1,659)

(560)

Decrease/(increase) in long-term receivables

(84)

(12)

Increase in accounts payable

8,977

1,264

1,309

1,513

(Decrease)/increase in due to related parties

147

(97)

Increase in salary and welfare payable

1,432

202

361

(Decrease)/increase in taxes payable

1,203

169

(228)

(149)

(Decrease)/increase in advances from customers

5,129

722

708

(69)

(Decrease)/increase in accrued liability for rewards program

648

(4)

(78)

(Decrease)/increase in other payables and accruals

867

122

(34)

(463)

Net cash provided by operating activities

22,004

3,098

2,641

2,475

Cash flows from investing activities:

Purchase of property, equipment and software

(606)

(85)

(497)

(570)

Cash paid for long-term investments

(9,153)

(1,289)

(12,258)

(6,818)

Cash paid for business combinations, net of cash acquired

(5)

(42)

Purchase of intangible assets

(1)

Decrease in short-term investments

3,827

539

13,297

3,233

Cash received from loans to the users

24,523

3,454

5,499

4,542

Cash paid for loans to the users

(25,018)

(3,524)

(5,277)

(4,709)

Net change in loans to the users with terms of less than three months

(428)

(60)

217

(1,050)

Cash received from disposal of long-term investments

12,774

1,800

161

1,269

Cash disposed from disposal of subsidiaries

(2)

Net cash (used in)/provided by investing activities

5,919

835

1,136

(4,148)

Cash flows from financing activities:

Proceeds from short-term bank loans

34,562

4,868

23,294

28,653

Repayment of short-term bank loans

(40,756)

(5,740)

(28,164)

(23,053)

Proceeds from long-term bank loans

11,915

1,678

9,808

Repayment of long-term loans, including current portion

(7,682)

(1,083)

(10,371)

(3,608)

Proceeds from issuance of ordinary shares net of issuance cost (Note 18)

7,984

Proceeds from exercise of share options

399

179

307

Cash paid for acquisition of additional equity interests of subsidiaries

(264)

(37)

(116)

(321)

Cash paid for repurchasing of ordinary shares

(1,617)

(228)

Cash paid for settlement of convertible notes

(521)

(6,426)

Proceeds from securitization debt

968

136

752

Cash paid for settlement of securitization debt

(72)

(10)

(826)

(384)

Net cash provided by/(used in) financing activities

(2,547)

(360)

(6,717)

3,919

Effect of foreign exchange rate changes on cash and cash equivalents, restricted cash

120

231

(465)

Net increase/(decrease) in cash and cash equivalents, restricted cash

25,496

3,591

(2,709)

1,781

Cash and cash equivalents, restricted cash, beginning of year

18,487

^[1]

2,604

21,196

^[1]

19,415

Cash and cash equivalents, restricted cash, end of year

^[1]

43,983

6,195

18,487

21,196

Supplemental disclosure of cash flow information

Cash paid during the year for income taxes

1,290

182

471

753

Cash paid for interest, net of amounts capitalized

1,889

266

1,444

1,498

Supplemental schedule of non-cash investing and financing activities

Non-cash consideration paid for business acquisitions, investments and non-controlling interest

(6)

(278)

(36)

(5)

(28)

(94)

Unpaid cash consideration for business acquisitions and acquisition of additional equity interest of subsidiary

¥ (1)

$ 0

¥ (32)

¥ (309)

[1]	As of December 31, 2021, cash and cash equivalents and restricted cash are RMB19.8 billion and RMB1.4 billion respectively.

GEOGRAPHIC INFORMATION (Tables)

12 Months Ended

Dec. 31, 2023

Segments, Geographical Areas [Abstract]

Schedule of revenue from external customers by geographic areas

The following table presents revenue by geographic area, the Greater China and all other countries, based on the geographic location of its Online Channels for the year ended December 31, 2021, 2022 and 2023. No revenue result from an individual country other than the Greater China accounted for more than 10% of revenue for the presented years.


	2021		2022		2023
	RMB (in millions)
Total Revenue
The Greater China		18,423		16,326		38,668
Others		1,606		3,729		5,894

		20,029		20,055		44,562

EMPLOYEE BENEFITS

12 Months Ended

Dec. 31, 2023

EMPLOYEE BENEFITS

EMPLOYEE BENEFITS

14.	EMPLOYEE BENEFITS

The Company’s employee benefit

primarily related to the fu

ll-ti

me employees of the PRC subsidiaries and the VIEs, including medical care, welfare subsidies, housing fund, unemployment insurance and pension benefits. The PRC subsidiaries and VIEs are required to accrue for these benefits based on certain percentages of the employees’ salaries in accordance with the relevant PRC regulations

and

make contributions to the state-sponsored pension and medical plans out of the amounts accrued for medical

and

pension benefits. The PRC government is responsible for the medical benefits and ultimate pension liability to these employees.

The Company also makes payments for the benefit

of employees employed by subsidiaries outside of the PRC.

The total expenses recorded

for

such employee benefits amounted to RMB

1.8

billion, RMB

1.9

billion and RMB

2.2

billion for the years ended December 31, 2021, 2022 and 2023

respectively.

The entire disclosure for retirement benefits.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 70
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480794/715-70-50-1

Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 17
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480482/715-20-55-17

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iv)(03)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(i)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (q)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (l)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//715/tableOfContent

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)(iii)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (o)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (p)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (r)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 20
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480126/715-20-S99-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 715
-SubTopic 60
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480266/715-60-50-3

GEOGRAPHIC INFORMATION - Revenue from external customers by geographic areas (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Geographic Areas, Revenues from External Customers [Abstract]
Total Revenue	¥ 44,562	$ 6,276	¥ 20,055	¥ 20,029
The Greater China
Geographic Areas, Revenues from External Customers [Abstract]
Total Revenue	38,668		16,326	18,423
Others
Geographic Areas, Revenues from External Customers [Abstract]
Total Revenue	¥ 5,894		¥ 3,729	¥ 1,606

Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 924
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB Topic 11.L)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479941/924-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 30
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-30

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 606
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 4
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479806/606-10-50-4

SHORT-TERM DEBT AND CURRENT PORTION OF LONG-TERM DEBT

SUBSEQUENT EVENTS

12 Months Ended

Dec. 31, 2023

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS

22.	SUBSEQUENT EVENTS

No subsequent event which had a material impact on the Company was identified through the

date

of issuance of the financial statements.

TAXATION - Income before income tax expenses (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Income/(loss) from domestic and foreign components before income tax expenses
Domestic	¥ 13,368		¥ 3,501	¥ 2,615
Foreign	(2,688)		(866)	(3,086)
(Loss)/income before income tax expense and equity in income/(loss) of affiliates	¥ 10,680	$ 1,504	¥ 2,635	¥ (471)

PRINCIPAL ACCOUNTING POLICIES - Dividends (Details) - CNY (¥) ¥ in Billions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
PRINCIPAL ACCOUNTING POLICIES
Restricted net assets of company's PRC subsidiaries and VIEs not distributable in form of dividends to parent	¥ 7.6
Accumulated profit of subsidiaries in PRC distributable in form of dividends to parent	32.8	¥ 32.0	¥ 28.4
Dividends declared and paid	¥ 0.0	¥ 0.0	¥ 0.0

INVESTMENTS - Investment funds (Operating data) (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
INVESTMENTS
Carrying value under equity investments	¥ 31,717		¥ 32,049
Operating data:
Revenue	44,510	$ 6,269	20,039	¥ 20,023
Gross profit	36,389	5,125	15,526	15,425
Net income/(loss)	10,002	1,409	1,367	(645)
Equity in income/(loss) of affiliates	1,072	$ 151	(586)	96
Total cash paid for equity method investments	543		502	328
Equity investments
Operating data:
Revenue	30,885		23,159	20,482
Gross profit	17,698		10,911	9,490
Income/(loss) from operations	2,557		(1,377)	430
Net income/(loss)	888		(3,129)	392
Net (loss)/income attributable to equity method investments	983		(788)	(31)
Add: Equity dilution impact	89		202	127
Equity in income/(loss) of affiliates	1,072		(586)	¥ 96
Investment funds
INVESTMENTS
Carrying value under equity investments	3,600		2,900
other equity investments
INVESTMENTS
Carrying value under equity investments	2,600		2,100
Make My Trip
INVESTMENTS
Carrying value under equity investments	¥ 6,200		¥ 5,900

SHORT-TERM DEBT AND CURRENT PORTION OF LONG-TERM DEBT

12 Months Ended

Dec. 31, 2023

SHORT-TERM DEBT AND CURRENT PORTION OF LONG-TERM DEBT

12.	SHORT-TERM DEBT AND CURRENT PORTION OF LONG-TERM DEBT


	2022		2023
	RMB (in millions)
Short-term bank borrowings and current portion of long-term loan (Note 17)		28,398		21,197
Exchangeable Senior Notes		4,204		3,696
Securitization debt		72		964

Total		32,674		25,857

Loans from Commercial Banks

As of December 31, 2023, the Company has recorded short-term bank borrowings of RMB21.2 billion (US$3.0 billion) in the aggregate, of which RMB1.9 billion (US$0.3 billion) were collateralized by short-term and long-term investments of RMB2.0 billion (US$0.3 billion). The weighted average interest rate for the outstanding borrowings was approximately 2.50%.

The short-term borrowings contain covenants including, among others, those related to certain financial metrics, liens, consolidation, merger and sale of the Company’s assets. The Company is in compliance with all of the loan covenants as of December 31, 2022 and

2023.

Exchangeable Senior Notes

On July 13, 2020, the Company issued exchangeable senior notes due 2027 (the “Exchangeable Senior Notes”) at an aggregate principal amount of US$500 million. The Exchangeable Senior Notes are due on July 1, 2027 and bears interest of 1.5% per annum, which will be paid semi-annually beginning on January 1, 2021. The Exchangeable Senior Notes may be converted, at an initial conversion rate of 24.7795

ADSs of H World Group Limited (formerly known as Huazhu Group Limited), or H World, per US$

1,000 principal amount of the Notes (which represents an initial conversion price of US$40.36 per H World ADS) at each holder’s option. Since the exchange option is not indexed to the Company’s own stock, the scope exception prescribed in ASC 815-10-15-74 is not met and exchange option is subject to the derivative accounting. Therefore, the Company elects to account for and measures the Exchangeable Senior Notes in its entirety at fair value. As of December 31, 2022, and 2023, the fair value of the Exchangeable Senior Notes amounted to RMB4.2 billion (US$609 million) and RMB3.7 billion (US$521 million), respectively. For the year ended December 31, 2022 and 2023, the change in fair value (loss)/gain were RMB(97) million (US$(14) million) and RMB623 million (US$88 million), respectively, which was recorded in “Other income/(expense)”.

Since December 31, 2022, RMB4.2 billion of Exchangeable Senior Notes are reclassified as short-term debt because the holders had a

non-contingent

option to require the Company to repurchase for cash all or any portion of their Exchangeable Senior Notes on July 1, 2023. In addition, starting from July 1, 2023 to the Exchangeable Senior Notes’ maturity date, the holders have the right to exchange all or any portion of the notes for the ADSs of H World Group Limited that are held by the Company. Therefore, the Exchangeable Senior Notes remained as short-te

m classification as of December 31, 2023.

Securitization debt

As of December 31, 2023, securitization debt represents the revolving debt securities which are collateralized by the receivables related to financial services. The revolving debt securities have the term of less than

months with the annual interest rate from

2.80

% to

6.00

COMMITMENTS AND CONTINGENCIES (Details) ¥ in Millions	12 Months Ended
COMMITMENTS AND CONTINGENCIES (Details) ¥ in Millions	Dec. 31, 2023 CNY (¥)
Capital commitments
Outstanding capital commitments	¥ 24
Guarantee
Quota amount of air tickets	1,100
Deposits paid	147
Maximum amount of future payments	¥ 943

ORGANIZATION AND NATURE OF OPERATIONS

12 Months Ended

Dec. 31, 2023

ORGANIZATION AND NATURE OF OPERATIONS

ORGANIZATION AND NATURE OF OPERATIONS

1.	ORGANIZATION AND NATURE OF OPERATIONS

The accompanying consolidated financial statements include the financial statements of Trip.com Group Limited (the “Company”, formerly known as Ctrip.com International, Ltd.), its subsidiaries, variable interest entities (the “VIEs”) and VIEs’ subsidiaries. In these consolidated financial statements, where appropriate, the term “Company” also refers to its subsidiaries, VIEs and VIEs’ subsidiaries as a whole.

The Company is principally engaged in the provision of travel related services including accommodation reservation, transportation ticketing, packaged tours, corporate travel management services, as well as, to a much lesser extent, Internet-related advertising and other related services.

TAXATION - Movement of valuation allowance (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Movement of valuation allowances
Balance at beginning of year	¥ 1,513	¥ 892	¥ 589
Changes in current year	(591)	621	303
Balance at end of year	922	1,513	¥ 892
Unrecognized tax benefit and accrual	0	¥ 0
Other then China and Japan
Movement of valuation allowances
Net operating tax loss carry forwards	3,942
China and Japan
Movement of valuation allowances
Net operating tax loss carry forwards	¥ 3,227
Minimum
Movement of valuation allowances
Operating loss carry forwards expiration year	2024
Maximum
Movement of valuation allowances
Operating loss carry forwards expiration year	2028

INVESTMENTS - Investment funds (Balance sheet data) (Details) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Balance sheet data:
Current assets	¥ 88,732	$ 12,498	¥ 61,435
Current liabilities	72,411	10,199	61,239
Non-controlling interests	822	$ 116	736
Equity investments \| Equity Method Investment, Nonconsolidated Investee or Group of Investees
Balance sheet data:
Current assets	67,149		48,132	¥ 51,437
Long-term assets	55,097		54,308	51,233
Current liabilities	54,235		35,589	36,344
Long-term liabilities	19,721		21,862	21,708
Non-controlling interests	¥ 238		¥ 217	¥ 178

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481372/852-10-55-10

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483467/210-10-45-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(9))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481404/852-10-50-7

Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 17: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481404/852-10-50-7

Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-25

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 55
-Paragraph 10
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481372/852-10-55-10

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483467/210-10-45-5

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481404/852-10-50-7

Reference 20: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481404/852-10-50-7

Reference 21: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.21)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Amount of obligation due after one year or beyond the normal operating cycle, if longer.

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(22))
-SubTopic 10
-Topic 210
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 25
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481231/810-10-45-25

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 810
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (bb)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481203/810-10-50-3

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(A))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iii)(B))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 18: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481404/852-10-50-7

Reference 19: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 852
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 7
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481404/852-10-50-7

Reference 20: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(23))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 21: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(24))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 22: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(25))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 23: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 201.5-02(26))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Amount of equity (deficit) attributable to noncontrolling interest. Excludes temporary equity.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(g)(1)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 825
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 28
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482907/825-10-50-28

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(24))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479440/944-210-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-04(19))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479617/946-210-S99-1

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1A
-Subparagraph (SX 210.13-01(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1A

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(4)(iv))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1B
-Subparagraph (SX 210.13-02(a)(5))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480097/470-10-S99-1B

Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 942
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03(22))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479853/942-210-S99-1

Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.31)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

FAIR VALUE MEASUREMENT (Details) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Assets
Listed equity securities (Note 7)	¥ 9,990		¥ 11,934
Available-for-sale debt investments (Note 7)	2,095		2,601
Measured on recurring basis
Assets
Financial products (Note 2, 7)	9,658	$ 1,360	15,893
Time deposits (Note 2, 7)	23,558	3,318	25,166
Derivative instruments (Note 2)	161	23	118
Listed equity securities (Note 7)	9,990	1,407	11,934
Available-for-sale debt investments (Note 7)	2,095	295	2,601
Total Assets	45,462	6,403	55,712
Liabilities
Exchangeable senior notes (Note 12)	3,696	521	4,204
Derivative instruments (Note 2)	61	9	84
Total Liabilities	3,757	$ 530	4,288
Measured on recurring basis \| Quoted prices in active market for identical assets (Level 1)
Assets
Listed equity securities (Note 7)	9,990		11,934
Total Assets	9,990		11,934
Measured on recurring basis \| Significant other observable inputs (Level 2)
Assets
Financial products (Note 2, 7)	9,658		15,893
Time deposits (Note 2, 7)	23,558		25,166
Derivative instruments (Note 2)	101		70
Total Assets	33,317		41,129
Liabilities
Exchangeable senior notes (Note 12)	3,696		4,204
Derivative instruments (Note 2)	61		84
Total Liabilities	3,757		4,288
Measured on recurring basis \| Unobservable inputs (Level 3)
Assets
Derivative instruments (Note 2)	60		48
Available-for-sale debt investments (Note 7)	2,095		2,601
Total Assets	¥ 2,155		¥ 2,649

LEASES - Supplemental cash flow information (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lessee Disclosure [Abstract]
Cash paid for the rentals included in the lease liabilities	¥ 309	¥ 436
Right-of-use assets obtained in exchange for operating lease liabilities	¥ 149	¥ 520

LONG-TERM DEBTS - Schedule of long-term loans (Details) ¥ in Millions	Dec. 31, 2023 CNY (¥)
Debt Instrument [Line Items]
Total	¥ 19,100
Long-term Loans from Commercial Banks
Debt Instrument [Line Items]
2024	3,451
2025	10,612
2026	8,436
2027	0
2028	0
Thereafter	13
Total	¥ 22,512

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 835
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482900/835-30-50-1

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(f))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.12-04(a))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 5: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69B
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69B

Reference 6: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69C
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69C

Reference 7: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69E
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69E

Reference 8: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 69F
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481568/470-20-55-69F

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 11: http://www.xbrl.org/2003/role/exampleRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1B
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1B

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1D
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1D

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 19: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 20: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1E
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1E

Reference 21: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 22: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 23: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 24: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1F
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1F

Reference 25: http://www.xbrl.org/2003/role/disclosureRef
-Topic 470
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1I
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481139/470-20-50-1I

Amount, after deduction of unamortized premium (discount) and debt issuance cost, of long-term debt. Excludes lease obligation.

FAIR VALUE MEASUREMENT

12 Months Ended

Dec. 31, 2023

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT

8.	FAIR VALUE MEASUREMENT

In accordance with ASC

820-10,

the Company measures financial products, time deposits, derivative instruments,

available-for-sale

debt investments and equity securities with readily determinable fair value at fair value on a recurring basis. Equity securities classified within Level 1 are valued using quoted market prices that currently available on a securities exchange registered with the Securities and Exchange Commission (SEC), Shanghai Stock Exchange (SSE) or Hong Kong Stock Exchange (HKEX). Financial products, time deposits and derivative instruments classified within Level 2 are valued using directly or indirectly observable inputs in the market place. The

available-for-sale

debt investments classified within Level 3 are valued based on a model utilizing unobservable inputs which require significant management judgment and estimation.

The equity securities without readily determinable fair value, equity method investments and certain

non-financial

assets are recorded at fair value only if an impairment or observable price adjustment is recognized in the current period. If an impairment or observable price adjustment is recognized on the equity securities during the period, the Company classify these assets as Level 3 within the fair value hierarchy based on the nature of the fair value inputs.

Assets measured at fair value on a recurring basis are summarized below (in millions):


	Fair Value Measurement at December 31, 2022 Using						Fair Value at December 31, 2022
	Level 1		Level 2		Level 3
	RMB		RMB		RMB		RMB
Assets
Financial products (Note 2, 7)		—		15,893		—		15,893
Time deposits (Note 2, 7)		—		25,166		—		25,166
Derivative instruments (Note 2)		—		70		48		118
Listed equity securities (Note 7)		11,934		—		—		11,934
Available-for-sale debt investments (Note 7)		—		—		2,601		2,601

Total Assets		11,934		41,129		2,649		55,712

Liabilities
Exchangeable senior notes (Note 12)		—		4,204		—		4,204
Derivative instruments (Note 2):		—		84		—		84

Total Liabilities		—		4,288		—		4,288


	Fair Value Measurement at December 31, 2023 Using
	Level 1		Level 2		Level 3		Fair Value at December 31, 2023
	RMB		RMB		RMB		RMB		US$

Assets
Financial products (Note 2, 7)		—		9,658		—		9,658		1,360
Time deposits (Note 2, 7)		—		23,558		—		23,558		3,318
Derivative instruments (Note 2)		—		101		60		161		23
Listed equity securities (Note 7)		9,990		—		—		9,990		1,407
Available-for-sale debt investments (Note 7)		—		—		2,095		2,095		295

Total Assets		9,990		33,317		2,155		45,462		6,403

Liabilities
Exchangeable senior notes (Note 12)		—		3,696		—		3,696		521
Derivative instruments (Note 2)		—		61		—		61		9

Total Liabilities		—		3,757		—		3,757		530

The roll forward of major Level 3 Investments are as follows (RMB in millions):


	Total
Fair value of Level 3 Investments as at December 31, 2021		3,354
New addition		86
Disposal of investments		(28	)
Effect of exchange rate change		152
Expected credit losses		(906	)
The change in fair value of the investments		(57	)

Fair value of Level 3 Investments as at December 31, 2022		2,601

Transfer into Level 3		183
New addition		55
Effect of exchange rate change		57
Expected credit losses		(115	)
The change in fair value of the investments		(686	)

Fair value of Level 3 Investments as at December 31, 2023		2,095

Management determined the fair value of these Level 3 Investments based on valuation models using various unobservable inputs. The determination of the fair value required significant judgement by management with respect to the assumptions and estimates for the revenue growth rate, weighted average cost of capital, lack of marketability discounts, expected volatility and probability in equity allocation. The significant unobservable inputs adopted in the valuation as of December 31, 2023 are as follows:


Unobservable Input	2022	2023
Revenue growth rate	2.5%-100%	-61.2%-31%
Weighted average cost of capital	13.5%-21%	13.0%-21%
Lack of marketability discount	15%-30%	10%-20.5%
Expected volatility	41%-68.05%	33%-66.70%
Probability	Liquidation scenario: 30%-100% Redemption scenario: 10%-45% Conversion scenario: 0%~40%	Liquidation scenario: 5%-95% Redemption scenario: 0%-30% Conversion scenario: 5%~95%

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

LEASES (Details) - CNY (¥) ¥ in Millions	12 Months Ended
LEASES (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Operating lease cost	¥ 235	¥ 416	¥ 439
Maximum
Remaining operating lease term	9 years
Minimum
Remaining operating lease term	1 year

TAXATION

12 Months Ended

Dec. 31, 2023

TAXATION

TAXATION

15.

TAXATION

Cayman Islands

Under

the current laws of Cayman Islands, the Company is not subject to tax on income or capital gain. In addition, upon payments of dividends by the Company to its shareholders, no Cayman Islands withholding tax will be imposed.

Singapore

The Company’s subsidiaries incorporated in Singapore are subject to Singapore tax law at the corporate tax rate at 17% on the assessable income arising in Singapore during its tax year.

Hong Kong

The

Company’s subsidiaries incorporated in Hong Kong are subject to Hong Kong Profits Tax on the taxable income as reported in their respective statutory financial statements adjusted in accordance with relevant Hong Kong tax laws. For the years 2021, 2022 and 2023, the first HK$2 million of profits earned by one of our subsidiaries incorporated in Hong Kong was taxed at a rate of 8.25%, while the remaining profits were taxed at the 16.5% tax rate.

Mainland China

The

Company’s subsidiaries and VIEs registered in mainland China are subject to PRC Enterprise Income Tax (“EIT”) on the taxable income as reported in their respective statutory financial statements adjusted in accordance with relevant PRC income tax laws.

The PRC EIT

laws apply a general enterprise income tax rate of

% to both foreign-invested enterprises and domestic enterprises. Preferential tax treatments are granted to enterprises, which conduct business in certain encouraged sectors and to enterprises otherwise classified as a High and New Technology Enterprise (“HNTE”). The HNTE certificate is effective for a period of three years. Further, preferential EIT rates are available for qualified Software Enterprises whereby entities are entitled to full exemption from EIT for two years beginning from their first profitable calendar year and a

% reduction for the subsequent

three calendar years

Ctrip Computer Technology

, Ctrip Travel Information, Ctrip Travel Network, Qunar Software, Qunar Beijing, Beijing Hujinxinrong Technology Co., Ltd, Ctrip Business Travel Information Service (Shanghai) Co., Ltd. and Shanghai Xielv Information Technology Co., Ltd. are qualified as HNTEs for the years ended December 31, 2021, 2022 and 2023, which entitled the entity a preferential tax rate of 15%

. Certain subsidiaries were entitled a reduced tax rate as qualified Software Enterprise for the years presented and such tax benefit expired at the end of the five-year period on December 31, 2023.

In 2001, the PRC state taxation administration

(“STA”) started to implement preferential tax policy in China’s western regions, and companies located in applicable jurisdictions covered by the Western Regions Catalog are eligible to apply for a preferential income tax rate of

% if their businesses fall within the “encouraged” category of the policy. On April 23, 2020, the Ministry of Finance, the STA, and the PRC National Development and Reform Commission (“NDRC”) jointly issued the Announcement on Renewing the Enterprise Income Tax Policy for Western Development, which reduced the revenue percentage requirement of the “encouraged” businesses to no less than 60% and would be applied from 2021 to 2030. Chengdu Ctrip, Chengdu Ctrip International, and Chengdu Information are entitled to enjoy a preferential tax rate of

% until 2030, provided that their “encouraged” businesses account for no less than required percentage pursuant to current policies.

Pursuant to the PRC EIT Law, effective January

1, 2008, a 10% withholding income tax is imposed for dividends distributed by foreign invested enterprises (“FIE”) to their immediate holding companies outside mainland China. A lower withholding tax rate will be applied if there is a tax treaty arrangement between mainland China and the jurisdiction of the foreign holding company. Distributions to holding companies in Hong Kong that satisfy certain requirements specified by PRC tax authorities, for example, will be subject to a 5%

withholding tax rate. Furthermore, pursuant to the applicable circular and interpretations of the current EIT Law, dividends from earnings created prior to 2008 but distributed after 2008 are not subject to withholding income tax. Prior to 2023, the Company intended to indefinitely reinvest undistributed earnings generated after January 1, 2008 in the onshore PRC entities.

2023, the Company decided to distribute earnings of its FIE subsidiaries in onshore PRC entities to their immediate foreign holding company in Hong Kong, withholding income tax at 5% tax rate with the amount of RMB

835

million was accrued accordingly, among which

RMB7.2 billion earnings have been distributed in 2023 with

RMB

360

million associated withholding tax being paid. As of December 31, 2023, the Company has accrued withholding tax liabilities associated with all of its earnings expected to be distributed from its FIEs in mainland China to overseas, except for unrecognized deferred tax liabilities

of RMB1.2

billion

related to the remaining undistributed earnings that the Company still intends to indefinitely reinvest in the mainland China.

Income/(loss) from domestic and foreign components before income tax expenses and equity in (loss)/income of affiliates (RMB in millions):


	2021			2022			2023
Domestic		2,615			3,501			13,368
Foreign		(3,086	)		(866	)		(2,688	)

Total		(471	)		2,635			10,680

The

income/(loss) from foreign components mainly includes the gain/(loss) from the fair value changes of equity securities investments and exchangeable senior notes, impairments for investments, share-based compensation charges, foreign exchange gain/(loss) and interest income/(loss) incurred in its overseas companies.

The income tax expenses from domestic components for the years ended December 31, 2021, 2022 and 2023 was RMB373 million, RMB476 million and RMB875

million, respectively. The income tax (benefits)/expenses from foreign components for the years ended December 31, 2021 and 2022 and 2023 was

RMB(103) million, RMB206 million and RMB875 million, respectively.

Composition of income tax expense

The current and deferred portion of income tax expense were as follows (RMB in millions):


	2021			2022		2023


Current income tax expense		607			387		2,511
Deferred tax (benefit)/expense		(337	)		295		(761	)

Income tax expense		270			682		1,750

Reconciliation of the differences between statutory tax rate and the effective tax rate

The reconciliation between 25% which is the PRC statutory tax rate and the Company’s effective tax rate were as follows:


	2021			2022			2023

Statutory tax rate		25	%		25	%		25	%
Non-deductible expenses and non-taxable income incurred
— Share-based compensation expenses		(89	%)		6	%		2	%
— Change in fair value of equity securities investments and exchangeable senior notes		(21	%)		(22	%)		3	%
— Others		1	%		(2	%)		(2	% )
R&D expense super deduction		65	%		(16	%)		(6	% )
Effect of preferential tax treatments inside mainland China		75	%		(7	%)		(10	% )
Difference in tax rates of subsidiaries outside mainland China		(37	%)		19	%		1	%
Changes in valuation allowance		(76	%)		23	%		(5	% )
Withholding tax on the earnings distributed and anticipated to be remitted		—			—			8	%

Effective EIT rate		(57	%)		26	%		16	%

The change in the Company’s effective tax rates from year over year is primarily attributable to the tax differences from certain subsidiaries with preferential tax rates, changes in deferred tax liabilities relating to withholding tax, the

non-deductible

expenses and tax effects from investing activities.

The provisions for income taxes for the years ended December 31, 2021, 2022 and 2023 differ from the amounts computed by applying the EIT primarily due to preferential tax treatments enjoyed by certain subsidiaries and the VIEs of the Company

The following table sets forth the effect of preferential tax treatments on China operations:


	2021		2022		2023

	RMB (in millions, except per share data)


Preferential tax treatments effect		359		183		826
Basic net income per ADS effect		0.57		0.28		1.27
Diluted net income per ADS effect		0.57		0.28		1.23

The impacts on effective tax rates from the Company’s subsidiaries with different tax rates of subsidiaries outside mainland China and preferential tax treatments are as follows:


		2021			2022			2023
Ctrip Computer Technology	15%		31.9	%		(2.7	%)		(3.1	% )
Ctrip Travel Information	15%		(4.1	%)		0.2	%		(0.1	% )
Ctrip Travel Network	15%		16.0	%		(2.7	%)		(3.2	% )
Chengdu Information	15%		7.3	%		(0.8	%)		(0.8	% )
Beijing Hujinxinrong Technology Co., Ltd	15%		14.3	%		(2.2	%)		(0.7	% )
The Company and its subsidiaries in Hong Kong, Singapore, UK and Cayman Islands	0%-23.5%		(38.8	%)		19.6	%		1.4	%
Qunar and subsidiaries	15%		6.6	%		(0.2	%)		(1.6	% )
Others	various		4.8	%		0.8	%		(0.9	% )

Total			38.0	%		12.0	%		(9.0	% )

Significant components of deferred tax assets and liabilities were as follows (RMB in millions):


	2022			2023
Deferred tax assets
Accrued expenses		893			1,044
Loss carry forwards		1,646			1,406
Accrued liability for rewards programs		56			177
Accrued staff related expenses		42			395
Others		200			476
Less: Valuation allowance of deferred tax assets		(1,513	)		(922	)

		1,324			2,576
Deferred tax liabilities:
Recognition of intangible assets arise from business combinations and unrealized holding gain		(3,487	)		(3,350	)
Withholding tax on undistributed earnings		—			(475	)

Net deferred tax liabilities		(2,163	)		(1,249	)

Movement of valuation allowances were as follows (RMB in millions):


	2021		2022		2023



Balance at beginning of year		589		892		1,513
Changes in current year		303		621		(591	)

Balance at end of year		892		1,513		922

As of December 31, 2022, and 2023, valuation allowance of RMB1,513 million and RMB

922 million was mainly provided for net operating tax loss carry forwards related to certain subsidiaries

and the VIEs

based on the assessment that it is more likely than not that such deferred tax assets will not be realized. If events were to occur in the future that would allow the Company to realize more of its deferred tax assets than the presently recorded net amount, an adjustment would be made to the deferred tax assets that would increase income for the period when those events occurred.

As of December 31, 2023, the accumulated net operating loss of RMB3,942 million of the Company’s subsidiaries incorporated in Singapore, Hong Kong, the Netherlands, UK, can be carried forward indefinitely to offset future taxable income, the remaining accumulated net operating loss of RMB3,227 million mainly arose from the Company’s subsidiaries and consolidated VIEs established in the Chinese mainland and Japan, which can be carried forward to offset future taxable income. The remaining accumulated net operating loss will expire during the period from 2024 to 2028.

As of December 31, 2022 and 2023, the unrecognized tax benefit and accrual is nil.

Tax years subject to examination by major jurisdictions

In general, the PRC and the UK tax authorities have up to five years or four years to review a company’s tax filings, respectively. Accordingly, tax filings of the Company’s PRC subsidiaries and VIEs for tax years 2019 through 2023 and the Company’s UK subsidiaries for tax years 2020 through 2023 remain subject to the review by the relevant tax authorities.

The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-13

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(h)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//740/tableOfContent

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-14

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-21

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 270
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482526/740-270-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 17
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482685/740-10-50-17

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SAB TOPIC 6.I.5.Q1)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 11.C)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479360/740-10-S99-2

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 740
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482603/740-30-50-2

PRINCIPAL ACCOUNTING POLICIES - Property, equipment and software (Details)	12 Months Ended
	Dec. 31, 2023
Buildings \| Minimum
Property, equipment and software
Estimated useful life	30 years
Buildings \| Maximum
Property, equipment and software
Estimated useful life	40 years
Leasehold improvements
Property, equipment and software
Estimated useful life	Lesser of the term of the lease or the estimated useful lives of the assets
Website-related equipment \| Minimum
Property, equipment and software
Estimated useful life	3 years
Website-related equipment \| Maximum
Property, equipment and software
Estimated useful life	5 years
Computer equipment \| Minimum
Property, equipment and software
Estimated useful life	3 years
Computer equipment \| Maximum
Property, equipment and software
Estimated useful life	5 years
Furniture and fixtures \| Minimum
Property, equipment and software
Estimated useful life	3 years
Furniture and fixtures \| Maximum
Property, equipment and software
Estimated useful life	5 years
Software \| Minimum
Property, equipment and software
Estimated useful life	3 years
Software \| Maximum
Property, equipment and software
Estimated useful life	5 years

PRINCIPAL ACCOUNTING POLICIES - Other income/ (expense) (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Other income/ (expense)
Government grants	¥ 608		¥ 618	¥ 550
Gain on disposal of long-term investments (Note 7)	11	$ 1	23	63
Foreign exchange gains/(losses)	29		(69)	1
Gain from the fair value remeasurement upon the discontinuance of the equity method of the investments			1,135
Dividend from long-term investments	177		53
Impairments of long-term investments	(115)	(16)	(949)	(96)
Fair value changes of equity securities investments and Exchangeable Senior Notes	(1,507)		1,338	(170)
Others	130		(134)	25
Total	¥ (667)	$ (94)	¥ 2,015	¥ 373

SHARE CAPITAL - Additional Information (Details) - Apr. 19, 2021 ¥ in Billions	CNY (¥) shares	$ / shares
Class of Stock [Line Items]
Ordinary shares issued \| shares	36,380,900
Ordinary shares per share \| $ / shares		$ 268
Net proceeds \| ¥	¥ 8.0

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 2: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 45
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483014/272-10-45-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 272
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482987/272-10-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08(d))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480678/235-10-S99-1

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 13
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-13

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 14
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-14

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 18
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-18

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(27)(b))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(28))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 505
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481112/505-10-50-2

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(29))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480566/210-10-S99-1

Reference 15: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 16: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(1))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 17: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(i))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

Reference 18: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 3
-Subparagraph (SX 210.6-03(i)(2)(ii))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147479886/946-10-S99-3

LONG TERM PREPAYMENTS AND OTHER ASSETS [Abstract]

INVESTMENTS - Held to maturity and Available-for-sale debt investments (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Held to maturity debt securities
Carrying amount of held to maturity investments	¥ 15,500		¥ 15,500
Weighted average maturities periods	1 year 7 months 6 days	1 year 7 months 6 days	2 years 2 months 12 days
Available-for-sale debt investments
Available-for-sale debt securities, Cost	¥ 4,030		¥ 3,792
Available-for-sale debt securities, Gross Unrealized Gains, including foreign exchange adjustment	143		352
Available-for-sale debt securities, Gross Unrealized Losses, including foreign exchange adjustment	(2,078)		(1,543)
Recognization the credit impairment	7		22
Other comprehensive income loss reclassification adjustment net of tax	108	$ 15	884	¥ 0
Available-for-sale debt investments impairment charges	115		906	0
Available-for-sale debt securities, Fair value	2,095		2,601
Unrealized securities holding gains/(loss), net of tax	(162)		32	¥ 1
Redeemable Preferred Stock [Member]
Available-for-sale debt investments
Gain loss from change in fair value of equity investment	¥ 325		¥ 268

LONG-TERM PREPAYMENTS AND OTHER ASSETS

12 Months Ended

Dec. 31, 2023

LONG-TERM PREPAYMENTS AND OTHER ASSETS

4.	LONG-TERM PREPAYMENTS AND OTHER ASSETS

The Company is required to pay certain amounts of deposits to airline companies and hotel suppliers. The Company is also required to pay deposits to local travel bureaus as a pledge for insurance of traveler’s safety.

Components of long-term prepayments and other assets as of December 31, 2022 and 2023 were as follows (RMB in millions):


	2022		2023
Deposits paid to airline suppliers		239		215
Deposit paid to lessor		58		50
Deposits paid to hotel suppliers		30		117
Deposits paid to advertising suppliers		21		42
Other deposit		37		46
Long-term derivative assets		58		39
Prepayment for acquisition of property and equipment		33		76
Others		69		78

Total		545		663

OTHER PAYABLES AND ACCRUALS (Tables)

12 Months Ended

Dec. 31, 2023

OTHER PAYABLES AND ACCRUALS

Schedule of other payables and accruals

Components of other payables and accruals were as follows (RMB in millions):


	2022		2023

Accrued operating expenses		5,235		5,617
Deposits received from travel suppliers and packaged tours users		942		1,119
Payable related to acquisition and investments		294		—
Current lease liabilities (Note 11)		274		140
Interest payable		43		143
Others		625		963

Total		7,413		7,982

PRINCIPAL ACCOUNTING POLICIES - Acquisitions (Details) - Others - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Business combination disclosures
Purchase consideration	¥ 3.5	¥ 8.0	¥ 1.8
Purchase price allocation
Identifiable intangible assets	¥ 2.6	¥ 10.0	¥ 0.5

PRINCIPAL ACCOUNTING POLICIES - Other income/ (expense) (Details) (Parenthetical) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Other income/(expenses) [Line items]
Gain from the fair value remeasurement upon the discontinuance of the equity method of the investments		¥ 1,135
Available-for-sale debt investments impairment charges	¥ 115	906	¥ 0
Tujia and Tujia Offline \| Redeemable Preferred Stock
Other income/(expenses) [Line items]
Available-for-sale debt investments impairment charges	¥ (115)	¥ (906)

INVESTMENTS - Tongcheng-Elong and MakeMyTrip (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022	Aug. 31, 2019	Dec. 31, 2018
INVESTMENTS
Carrying value under equity investments	¥ 31,717	¥ 32,049
Publicly traded
INVESTMENTS
Increased equity investments value	15,200
Equity investments, market value	26,500
Tongcheng-eLong
INVESTMENTS
Equity method investment, ownership interest (as a percent)				27.00%
Carrying value under equity investments	¥ 6,400	¥ 5,900
MakeMyTrip
INVESTMENTS
Equity method investment, ownership interest (as a percent)			49.00%

TAXATION - Effect of preferential tax treatments (Details) - CNY (¥) ¥ / shares in Units, ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Income tax holiday
Preferential tax treatments effect	¥ 826	¥ 183	¥ 359
ADS
Income tax holiday
Basic net income per ADS effect (in RMB per share)	¥ 1.27	¥ 0.28	¥ 0.57
Diluted net income per ADS effect (in RMB per share)	¥ 1.23	¥ 0.28	¥ 0.57

GOODWILL (Tables)

12 Months Ended

Dec. 31, 2023

GOODWILL

Schedule of changes in the carrying amount of goodwill

The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 were as follows (RMB in millions):


	2022			2023
Balance at beginning of year		59,353			59,337
Disposals and immaterial others		(16	)		35

Balance at end of year		59,337			59,372

Tabular disclosure of goodwill by reportable segment and in total which includes a rollforward schedule.

Reference 1: http://www.xbrl.org/2003/role/exampleRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 55
-Paragraph 24
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482548/350-20-55-24

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (h)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1A
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1A

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 350
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-2

Schedule of basic (losses)/earnings per share and diluted (losses)/earnings per share

(LOSSES)/EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2023

EARNINGS/(LOSS) PER SHARE

Basic (losses)/earnings per share and diluted (losses)/earnings per share were calculated as follows (RMB in millions, except for share and per share

data):


	2021			2022		2023
Numerator:
Net (loss)/income attributable to Trip.com Group Limited		(550	)		1,403		9,918
Eliminate the dilutive effect of interest expense of convertible notes		—			—		1

Numerator for diluted earnings per share		(550	)		1,403		9,919

Denominator:
Denominator for basic earnings per ordinary share - weighted average ordinary shares outstanding		634,109,233			648,380,590		652,859,211
Dilutive effect of convertible notes		—			—		89,065
Dilutive effect of share options and RSUs		—			8,712,236		18,113,964

Denominator for diluted earnings per ordinary share		634,109,233			657,092,826		671,062,240

Basic (losses)/earnings per ordinary share		(0.87	)		2.17		15.19

Diluted (losses)/earnings per ordinary share		(0.87	)		2.14		14.78

Basic (losses)/earnings per ADS		(0.87	)		2.17		15.19

Diluted (losses)/earnings per ADS		(0.87	)		2.14		14.78

Schedule of weighted average number of ordinary shares excluded from computation of diluted earnings /(loss) per share

Such weighted average numbers of ordinary shares outstanding are as following:


	2021		2022		2023
Convertible Notes		1,245,966		906,820		—
Outstanding weighted average stock options and RSUs		6,756,940		18,155,730		4,583,793

		8,002,906		19,062,550		4,583,793

GEOGRAPHIC INFORMATION

12 Months Ended

Dec. 31, 2023

Segments, Geographical Areas [Abstract]

GEOGRAPHIC INFORMATION

21.	GEOGRAPHIC INFORMATION


	2021		2022		2023
	RMB (in millions)
Total Revenue
The Greater China		18,423		16,326		38,668
Others		1,606		3,729		5,894

		20,029		20,055		44,562

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-22

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 15
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-15

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 31
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-31

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 42
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-42

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 40
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-40

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//280/tableOfContent

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 26
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-26

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 34
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-34

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 41
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-41

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 21
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-21

Reference 14: http://www.xbrl.org/2003/role/disclosureRef
-Topic 280
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 32
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482810/280-10-50-32

OTHER PAYABLES AND ACCRUALS

INTANGIBLE ASSETS (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022
Intangible assets disclosures
Intangible assets	¥ 15,216	¥ 15,218
Less: accumulated amortization	(2,652)	(2,476)
Net book value	12,564	12,742
Trademark
Intangible assets disclosures
Intangible assets not subject to amortization	11,773	11,776
Net book value - intangible assets not subject to amortization	11,773	11,776
Others
Intangible assets disclosures
Intangible assets not subject to amortization	159	161
Net book value - intangible assets not subject to amortization	159	161
Business Relationship
Intangible assets disclosures
Intangible assets to be amortized	1,878	1,872
Less: accumulated amortization	(1,617)	(1,485)
Net book value - intangible assets to be amortized	261	387
Technology
Intangible assets disclosures
Intangible assets to be amortized	610	610
Less: accumulated amortization	(610)	(610)
Net book value - intangible assets to be amortized	0	0
Others
Intangible assets disclosures
Intangible assets to be amortized	796	799
Less: accumulated amortization	(425)	(381)
Net book value - intangible assets to be amortized	¥ 371	¥ 418

OTHER PAYABLES AND ACCRUALS

12 Months Ended

Dec. 31, 2023

OTHER PAYABLES AND ACCRUALS

16.	OTHER PAYABLES AND ACCRUALS

Components of other payables and accruals were as follows (RMB in millions):


	2022		2023

Accrued operating expenses		5,235		5,617
Deposits received from travel suppliers and packaged tours users		942		1,119
Payable related to acquisition and investments		294		—
Current lease liabilities (Note 11)		274		140
Interest payable		43		143
Others		625		963

Total		7,413		7,982

RELATED PARTY TRANSACTIONS AND BALANCES

12 Months Ended

Dec. 31, 2023

RELATED PARTY TRANSACTIONS AND BALANCES

13.	RELATED PARTY TRANSACTIONS AND BALANCES

Significant related party transactions were as follows (RMB in millions):


	2022		2023

Commissions/service fee from Tongcheng Travel (a)		148		253
Commissions from H World (a)		55		248
Commissions from BTG (a)		38		129
Service fee from Shangcheng (b)		172		200
Commissions/service fee to Tongcheng Travel (c)		21		51
Loans provided to Lvyue (d)		224		20
Repayment of loan from Lvyue (d)		100		89

(a)

Tongcheng Travel (an equity method investee of the Company), H World (which has a director in common with the Company and a director who is a family member of one of the Company’s officers) and BTG (an equity method investee of the Company), have entered into agreements with the Company, respectively, to provide hotel rooms for its end users. The transactions above represent the commissions earned from these related parties. The Company also provides technology service to Tongcheng Travel and earns a service fee.

(b)

The Company provided Shangcheng, an equity method investee of the Company, the access to the platform of the Company for Shangcheng to provide financial services to the Company’s users. In exchange, the Company receives technology service fees from Shangcheng. In 2022 and 2023, the total technology service fees from Shangcheng amounted to RMB

172 million and RMB200 million.

(c)

The Company entered into agreements with Tongcheng Travel, under which Tongcheng Travel uses its platform to promote the hotel rooms provided by the Company’s travel suppliers. In addition, the Company and Tongcheng Travel also provide marketing and other services to each other and earn service fee.

(d)

In 2022

and 2023

, the Company provided loans of RMB224

million and RMB20

million to Lvyue (an equity method investee of the Company), with repayment terms of

3~15

months. In 2022 and 2023, Lvyue repaid RMB

113 million and RMB90

million of the loan and interest to the Company, respectively. For the years ended December 31, 2022 and 2023, the total interest income from Lvyue amounted to RMB

18 million and RMB7 million.

Significant balances with related parties were as follows (RMB in millions):


	2022		2023

Due from related parties, curren t :
Trade related
Due from Tongcheng Travel		1,253		2,268
Due from others		265		404
Non-trade related
Due from Related Lvyue		178		115
Due from Related Tujia		52		55
		1,748		2,842

Due from related parties , non-current:
Non-trade related
Due from others		25		25

		25		25

Due to related parties , current:
Trade related
Due to Tongcheng Travel		25		27
Due to others		131		276

		156		303

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 5
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-5

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480990/946-20-50-6

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 5: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 235
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (e)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481062/946-235-50-2

Reference 6: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 7: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(g)(3))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 8: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(c))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 9: http://www.xbrl.org/2003/role/disclosureRef
-Topic 946
-SubTopic 220
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.6-07(2)(e))
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483575/946-220-S99-1

Reference 10: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//850/tableOfContent

Reference 11: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 6
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-6

Reference 12: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Reference 13: http://www.xbrl.org/2003/role/disclosureRef
-Topic 850
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147483326/850-10-50-1

Schedule of related party transactions

PRINCIPAL ACCOUNTING POLICIES - Exercisable options price range (Details) $ / shares in Units, ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($) $ / shares	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 $ / shares	Dec. 31, 2021 CNY (¥)	Dec. 31, 2021 $ / shares
Other disclosures
Unrecognized compensation cost \| $		$ 396
Weighted average recognized period	2 years 3 months 18 days	2 years 3 months 18 days
Proceeds from exercise of share options	¥ 399	$ 56	¥ 179		¥ 307
After Share Subdivision
Other disclosures
Weighted average fair value of options granted (in dollars per share) \| $ / shares		$ 25.61		$ 10.14		$ 19.94

LAND USE RIGHTS

12 Months Ended

Dec. 31, 2023

LAND USE RIGHTS

LAND USE RIGHTS

5.	LAND USE RIGHTS

Land use rights are amortized under straight-line method through the respective period of land rights, which are from

40-50

years. Amortization expense for the years ended December 31, 2021, 2022 and 2023

was

approximately RMB3 million, RMB3 million and RMB3 million, respectively. As of December 31, 2022, and 2023, the net book value was RMB83 million and RMB80 million respectively.

LONG-TERM PREPAYMENTS AND OTHER ASSETS (Details) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
LONG-TERM DEPOSITS AND PREPAYMENTS
Deposits paid to airline suppliers	¥ 215		¥ 239
Deposit paid to lessor	50		58
Deposits paid to hotel suppliers	117		30
Deposits paid to advertising suppliers	42		21
Others deposit	46		37
Long-term derivative assets	39		58
Prepayment for acquisition of property and equipment	76		33
Others	78		69
Total	¥ 663	$ 93	¥ 545

PRINCIPAL ACCOUNTING POLICIES - Statutory reserves (Details) - China	12 Months Ended
	Dec. 31, 2023
Statutory reserves disclosures
Portion of after-tax profit to be allocated to general reserve under PRC law (as a percent)	10.00%
Maximum percentage of statutory general reserve related to entity's registered capital	50.00%

PRINCIPAL ACCOUNTING POLICIES - Treasury stock (Details) - American Depositary Shares [Member] shares in Millions, $ in Millions	Dec. 31, 2023 USD ($) shares
Equity, Class of Treasury Stock [Line Items]
Treasury stock \| $	$ 224
Total gross consideration \| shares	6.8

RELATED PARTY TRANSACTIONS AND BALANCES (Tables)

12 Months Ended

Dec. 31, 2023

Significant related party transactions were as follows (RMB in millions):


	2022		2023

Commissions/service fee from Tongcheng Travel (a)		148		253
Commissions from H World (a)		55		248
Commissions from BTG (a)		38		129
Service fee from Shangcheng (b)		172		200
Commissions/service fee to Tongcheng Travel (c)		21		51
Loans provided to Lvyue (d)		224		20
Repayment of loan from Lvyue (d)		100		89

(a)

(b)

172 million and RMB200 million.

(c)

(d)

In 2022

and 2023

, the Company provided loans of RMB224

million and RMB20

million to Lvyue (an equity method investee of the Company), with repayment terms of

3~15

months. In 2022 and 2023, Lvyue repaid RMB

113 million and RMB90

million of the loan and interest to the Company, respectively. For the years ended December 31, 2022 and 2023, the total interest income from Lvyue amounted to RMB

18 million and RMB7 million.

Schedule of significant balances with related parties

Significant balances with related parties were as follows (RMB in millions):


	2022		2023

Due from related parties, curren t :
Trade related
Due from Tongcheng Travel		1,253		2,268
Due from others		265		404
Non-trade related
Due from Related Lvyue		178		115
Due from Related Tujia		52		55
		1,748		2,842

Due from related parties , non-current:
Non-trade related
Due from others		25		25

		25		25

Due to related parties , current:
Trade related
Due to Tongcheng Travel		25		27
Due to others		131		276

		156		303

(LOSSES)/EARNINGS PER SHARE (Details) ¥ / shares in Units, $ / shares in Units, ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥) ¥ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 CNY (¥) ¥ / shares shares	Dec. 31, 2021 CNY (¥) ¥ / shares shares
Numerator:
Net (loss)/income attributable to Trip.com Group Limited	¥ 9,918	$ 1,397	¥ 1,403	¥ (550)
Eliminate the dilutive effect of interest expense of convertible notes \| ¥	1
Numerator for diluted earnings per share \| ¥	¥ 9,919		¥ 1,403	¥ (550)
Denominator:
Denominator for basic earnings per ordinary share - weighted average ordinary shares outstanding	652,859,211	652,859,211	648,380,590	634,109,233
Dilutive effect of convertible notes	89,065	89,065
Dilutive effect of share options and RSUs	18,113,964	18,113,964	8,712,236
Denominator for diluted earnings per ordinary share	671,062,240	671,062,240	657,092,826	634,109,233
Number of outstanding weighted average ordinary shares excluded from the calculation of diluted earnings /(loss) per common share	4,583,793	4,583,793	19,062,550	8,002,906
Convertible Notes
Denominator:
Number of outstanding weighted average ordinary shares excluded from the calculation of diluted earnings /(loss) per common share			906,820	1,245,966
Stock options
Denominator:
Number of outstanding weighted average ordinary shares excluded from the calculation of diluted earnings /(loss) per common share	4,583,793	4,583,793	18,155,730	6,756,940
Ordinary shares
Denominator:
Basic earnings/(losses) per share \| (per share)	¥ 15.19	$ 2.14	¥ 2.17	¥ (0.87)
Diluted earnings/(losses) per share \| (per share)	14.78	2.08	2.14	(0.87)
ADS
Denominator:
Basic earnings/(losses) per share \| (per share)	15.19	2.14	2.17	(0.87)
Diluted earnings/(losses) per share \| (per share)	¥ 14.78	$ 2.08	¥ 2.14	¥ (0.87)

TAXATION - Company's subsidiaries (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2030	Dec. 31, 2029	Dec. 31, 2028	Dec. 31, 2027	Dec. 31, 2026	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Taxation
Applicable tax rate (as a percent)								25.00%	25.00%	25.00%	25.00%
Income tax (benefits)/expenses								¥ 1,750	$ 246	¥ 682	¥ 270
Net income/(loss)								¥ 10,002	$ 1,409	¥ 1,367	¥ (645)
Cayman
Taxation
Applicable tax rate (as a percent)								0.00%	0.00%
Hong Kong Profits Tax
Taxation
Applicable tax rate (as a percent)								8.25%	8.25%	8.25%	8.25%
Percentage of withholding income tax rate imposed for dividends							5.00%
Effective income tax rate remaining reconciliation at federal statutory income tax rate								16.50%	16.50%	16.50%	16.50%
Net income/(loss)								¥ 2		¥ 2	¥ 2
PRC Corporate Income Tax
Taxation
Applicable tax rate (as a percent)								25.00%	25.00%
Percentage of withholding income tax rate imposed for dividends								10.00%	10.00%
PRC Corporate Income Tax \| Western region of China \| Chengdu Ctrip
Taxation
Applicable tax rate approved (as a percent)	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%
PRC Corporate Income Tax \| Western region of China \| Chengdu Ctrip International
Taxation
Applicable tax rate approved (as a percent)	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%
PRC Corporate Income Tax \| Western region of China \| Chengdu Information
Taxation
Applicable tax rate approved (as a percent)	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%	15.00%
PRC Corporate Income Tax \| HONG KONG
Taxation
Distributed earnings								¥ 7,200
Payment of tax witheld on distributable income								¥ 360
Withholding tax rate for dividends distributed by foreign invested enterprise to their immediate holding companies outside mainland china (as a percent)								5.00%	5.00%
Aggregate tax witheld								¥ 835
Unrecognized deferred tax liabilities								¥ 1,200
PRC Corporate Income Tax \| High new tech enterprises
Taxation
Period during which enterprise preferential income tax is exempt								2 years	2 years
Period during which the certificate is valid								3 years	3 years
PRC Corporate Income Tax \| High new tech enterprises \| Beginning With The First Calendar Year Of Profitability
Taxation
Period over which reduction is admissible								3 years	3 years
Percentage exemption in enterprise income tax								50.00%	50.00%
PRC Corporate Income Tax \| High new tech enterprises \| Shanghai Xielv Information Technology Co., Ltd
Taxation
Applicable tax rate (as a percent)								15.00%	15.00%	15.00%	15.00%
PRC Corporate Income Tax \| High new tech enterprises \| Ctrip Business Travel Information Service (Shanghai) Co., Ltd
Taxation
Applicable tax rate (as a percent)								15.00%	15.00%	15.00%	15.00%
Domestic country
Taxation
Income tax (benefits)/expenses								¥ 875		¥ 476	¥ 373
Foreign country
Taxation
Income tax (benefits)/expenses								¥ 875		¥ 206	¥ (103)
Singapore Tax
Taxation
Applicable tax rate (as a percent)								17.00%	17.00%

PREPAYMENTS AND OTHER CURRENT ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

PREPAYMENTS AND OTHER CURRENT ASSETS

Components of prepayments and other current assets

Components of prepayments and other current assets as of December 31, 2022 and 2023 were as follows (RMB in millions):


	2022		2023
Prepayments and other deposits		5,019		6,919
Receivable related to financial services (Note 2)		3,403		4,193
Interest receivables		759		514
Prepaid expenses		240		168
Others		748		955

Total		10,169		12,749

INVESTMENTS - (Details) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
INVESTMENTS
Debt investments	¥ 17,625		¥ 18,128
Equity investments	31,717		32,049
Long-term investments	¥ 49,342	$ 6,950	¥ 50,177

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
Statement of Cash Flows [Abstract]
Cash and cash equivalents	¥ 41,592	$ 5,858	¥ 17,000	¥ 19,800
Restricted cash	¥ 2,391	$ 337	¥ 1,487	¥ 1,400

PREPAYMENTS AND OTHER CURRENT ASSETS

12 Months Ended

Dec. 31, 2023

PREPAYMENTS AND OTHER CURRENT ASSETS

PREPAYMENTS AND OTHER CURRENT ASSETS

3.	PREPAYMENTS AND OTHER CURRENT ASSETS

Components of prepayments and other current assets as of December 31, 2022 and 2023 were as follows (RMB in millions):


	2022		2023
Prepayments and other deposits		5,019		6,919
Receivable related to financial services (Note 2)		3,403		4,193
Interest receivables		759		514
Prepaid expenses		240		168
Others		748		955

Total		10,169		12,749

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 18, 2021
CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
Ordinary shares, par value (in dollars per share)	$ 0.00125	$ 0.00125	$ 0.00125	$ 0.01

SHORT-TERM DEBT AND CURRENT PORTION OF LONG-TERM DEBT (Details) $ / shares in Units, ¥ in Millions		12 Months Ended
	Jul. 13, 2020 USD ($) $ / shares	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Short-term borrowings
Short-term bank borrowings and current portion of long-term loan		¥ 3,400
Total		25,857		¥ 32,674		$ 3,642,000,000
Long-term Debt, Fair Value		19,100		13,200
Exchangeable Senior Notes
Short-term borrowings
Short-term bank borrowings and current portion of long-term loan		3,696		4,204
Debt instrument, maturity date	Jul. 01, 2027
Long-term Debt, Fair Value		3,700		4,200		521,000,000	$ 609,000,000
Debt Instrument, Interest Rate, Stated Percentage	1.50%
Debt Instrument, Face Amount \| $	$ 500,000,000
Exchangeable Senior Notes \| Other Income Expenses
Short-term borrowings
Changes in fair value of long term debt		623	$ 88,000,000	(97)	$ (14,000,000)
Exchangeable Senior Notes \| Ads
Short-term borrowings
Debt Instrument, Convertible, Conversion Price \| $ / shares	$ 40.36
Debt Instrument Principal Amount Denomination for Conversion Into Common Stock \| $	$ 1,000
Debt Instrument, Convertible, Conversion Ratio	24.7795
Loan facility
Short-term borrowings
Short-term bank borrowings and current portion of long-term loan		21,197		28,398
Securitization debt
Short-term borrowings
Long-term debt, current maturities		964		¥ 72
Short-term borrowings
Short-term borrowings
Short-term bank borrowings and current portion of long-term loan		21,200				3,000,000,000
Short-term borrowings collateralized by short-term and long-term investments		1,900				300,000,000
Short-term and long-term investments		¥ 2,000				$ 300,000,000
Weighted average interest rate		2.50%				2.50%
Revolving credit facility agreement
Short-term borrowings
Revolving debt securities, term		12 months	12 months
Minimum \| Revolving credit facility agreement
Short-term borrowings
Weighted average interest rate		2.80%				2.80%
Maximum \| Revolving credit facility agreement
Short-term borrowings
Weighted average interest rate		6.00%				6.00%

INTANGIBLE ASSETS - Amortization expense (Details) - Amortization - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]
Amortization of intangible assets	¥ 187	¥ 240	¥ 295
Annual estimated amortization expense for intangible assets subject to amortization
2024	182
2025	156
2026	53
2027	53
2028	35
Total	¥ 479

SHARE CAPITAL

12 Months Ended

Dec. 31, 2023

Equity [Abstract]

SHARE CAPITAL

18.	SHARE CAPITAL

On April 19, 2021, the Company completed its

global

offering and the Company’s shares have been listed on the Main Board of The Stock Exchange of Hong Kong Limited (“HKEX”). The Company issued 36,380,900 ordinary shares, including the exercise of the over-allotment option, at Hong Kong Dollar (“HK$”) 268 per share. Net proceeds from the global offering after deducting underwriting commissions, share issuance costs and offering expenses approximately amounted to RMB8.0

billion.

LEASES - Maturities of lease liabilities (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022
Lessee Disclosure [Abstract]
2024	¥ 212
2025	136
2026	95
2027	44
2028	58
Thereafter	152
Total operating lease payments	697
Less: imputed interest	(80)
Total	¥ 617	¥ 808

(LOSSES)/EARNINGS PER SHARE

12 Months Ended

Dec. 31, 2023

EARNINGS/(LOSS) PER SHARE

(LOSSES)/EARNINGS PER SHARE

19.	(LOSSES)/EARNINGS PER SHARE

Basic (losses)/earnings per share and diluted (losses)/earnings per share were calculated as follows (RMB in millions, except for share and per share

data):


	2021			2022		2023
Numerator:
Net (loss)/income attributable to Trip.com Group Limited		(550	)		1,403		9,918
Eliminate the dilutive effect of interest expense of convertible notes		—			—		1

Numerator for diluted earnings per share		(550	)		1,403		9,919

Denominator:
Denominator for basic earnings per ordinary share - weighted average ordinary shares outstanding		634,109,233			648,380,590		652,859,211
Dilutive effect of convertible notes		—			—		89,065
Dilutive effect of share options and RSUs		—			8,712,236		18,113,964

Denominator for diluted earnings per ordinary share		634,109,233			657,092,826		671,062,240

Basic (losses)/earnings per ordinary share		(0.87	)		2.17		15.19

Diluted (losses)/earnings per ordinary share		(0.87	)		2.14		14.78

Basic (losses)/earnings per ADS		(0.87	)		2.17		15.19

Diluted (losses)/earnings per ADS		(0.87	)		2.14		14.78

All the convertible senior notes were included in the computation of diluted EPS in 2023. All the convertible senior notes had anti-dilutive impact and were excluded in the computation of diluted EPS in 2021 and 2022.

For the years ended December 31, 2021, 2022 and 2023, the Company had securities which could potentially dilute basic earnings per share in the future, which were excluded from the computation of diluted earnings/(losses) per share as their effects would have been anti-dilutive. Such weighted average numbers of ordinary shares outstanding are as following:


	2021		2022		2023
Convertible Notes		1,245,966		906,820		—
Outstanding weighted average stock options and RSUs		6,756,940		18,155,730		4,583,793

		8,002,906		19,062,550		4,583,793

INTANGIBLE ASSETS - Finite-lived intangible assets (Details)	Dec. 31, 2023
Minimum
Intangible assets disclosures
Intangible asset useful life	3 years
Maximum
Intangible assets disclosures
Intangible asset useful life	15 years
Business Relationship \| Minimum
Intangible assets disclosures
Intangible asset useful life	5 years
Business Relationship \| Maximum
Intangible assets disclosures
Intangible asset useful life	10 years
Technology \| Minimum
Intangible assets disclosures
Intangible asset useful life	5 years
Technology \| Maximum
Intangible assets disclosures
Intangible asset useful life	10 years
Others \| Minimum
Intangible assets disclosures
Intangible asset useful life	3 years
Others \| Maximum
Intangible assets disclosures
Intangible asset useful life	15 years

INVESTMENTS - Impairments (Details) - CNY (¥) ¥ in Millions	12 Months Ended
INVESTMENTS - Impairments (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Impairments
Available-for-sale debt investments impairment charges	¥ 115	¥ 906	¥ 0
Other income/ (expense)
Impairments
Available-for-sale debt investments impairment charges	115	906	0
Equity method investment impairment charges	0	3	82
Impairment charges of equity securities without readily determinable fair value	¥ 0	¥ 40	¥ 14

INVESTMENTS (Tables)

12 Months Ended

Dec. 31, 2023

INVESTMENTS

Schedule of long-term investments

The Company’s long-term investments are consisted of the follows (RMB in millions):


	2022		2023

Debt investments		18,128		17,625
Equity investments		32,049		31,717

		50,177		49,342

Summary of available-for sale investments by major security type

Available-for-sale

debt investments

The following table summarizes the Company’s

available-for-sale

debt investments (RMB in millions):


	2022			2023

Cost		3,792			4,030
Gross Unrealized Gains, including foreign exchange adjustment		352			143
Gross Unrealized Losses, including foreign exchange adjustment		(1,543	)		(2,078	)
Fair Value		2,601			2,095

Schedule of equity securities with readily determinable fair values

The following table summarizes the Company’s equity securities with readily determinable fair values (RMB in millions):


	2022			2023

Cost		5,517			5,486
Gross Unrealized Gains, including foreign exchange adjustment		6,958			5,706
Gross Unrealized Losses, including foreign exchange adjustment		(541	)		(1,202	)

Fair Value		11,934			9,990

Schedule of financial information of investees

The Company summarizes the condensed financial information of the Company’s equity method investments as a group below in compliance with Rule

4-08

of Regulation

S-X

(RMB in millions).


	2021			2022			2023

	equity investments			equity investments			equity investments
Operating data:
Revenue		20,482			23,159			30,885
Gross profit		9,490			10,911			17,698
Income/(loss) from operations		430			(1,377	)		2,557
Net income/(loss)		392			(3,129	)		888
Net (loss)/income attributable to equity method investments		(31	)		(788	)		983
Add: Equity dilution impact		127			202			89

Equity in income/(loss) of affiliates		96			(586	)		1,072


	2021		2022		2023

	equity investments		equity investments		equity investments

Balance sheet data:
Current assets		51,437		48,132		67,149
Long-term assets		51,233		54,308		55,097
Current liabilities		36,344		35,589		54,235
Long-term liabilities		21,708		21,862		19,721
Non-controlling interests		178		217		238

INTANGIBLE ASSETS (Tables)

12 Months Ended

Dec. 31, 2023

INTANGIBLE ASSETS

Schedule of intangible assets

Intangible assets were as follows (RMB in millions):


	2022			2023
Intangible assets to be amortized
Business Relationship (Representing the relationship with the travel service providers and other business partners)		1,872			1,878
Technology		610			610
Others		799			796
Intangible assets not subject to amortization
Trade mark		11,776			11,773
Others		161			159

		15,218			15,216

Less: accumulated amortization
Intangible assets to be amortized
Business Relationship		(1,485	)		(1,617	)
Technology		(610	)		(610	)
Others		(381	)		(425	)

		(2,476	)		(2,652	)

Net book value
Intangible assets to be amortized
Business Relationship		387			261
Technology		—			—
Others		418			371
Intangible assets not subject to amortization
Trade mark		11,776			11,773
Others		161			159

		12,742			12,564

Schedule of useful lives of finite-lived intangible assets


Business Relationship			5-10 years
Technology			5-10 years
Others			3-15 years

Schedule of future estimated amortization expense finite-lived intangible assets


	Amortization
2024		182
2025		156
2026		53
2027		53
2028		35

		479

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY
¥ in Millions, $ in Millions

CNY (¥)

USD ($)

Ordinary shares

CNY (¥)

Additional paid-in capital

CNY (¥)

Statutory reserves

CNY (¥)

Accumulated other comprehensive loss

CNY (¥)

Retained earnings

CNY (¥)

Treasury stock

CNY (¥)

Total Ctrip's shareholders' equity

CNY (¥)

Non-controlling interests

CNY (¥)

Balance (in shares) at Dec. 31, 2020 | shares

^[1]

599,627,136

(23,432,968)

Balance at Dec. 31, 2020

¥ 101,567

¥ 6

¥ 83,960

¥ 637

¥ (1,608)

¥ 19,470

¥ (2,111)

¥ 100,354

¥ 1,213

Changes in shareholders' equity

Issuance of ordinary shares for the exercise of stock options (in shares) | shares

5,106,035

5,321,521

^[1]

Issuance of ordinary shares for the exercise of stock options

¥ 307

¥ 0

307

Issuance of ordinary shares, net of issuance costs (Note 18) (shares) | shares

^[1]

36,380,900

Issuance of ordinary shares, net of issuance costs (Note 18)

7,984

¥ 0

7,984

Appropriations to statutory reserves

1,681

(97)

Foreign currency translation adjustments

Unrealized securities holding gains (losses)

Net income/(loss)

(645)

(550)

(95)

Acquisition of additional equity interests of subsidiaries

(442)

(103)

(339)

Business combination

Establishment of subsidiaries

Balance at Dec. 31, 2021

¥ 110,456

¥ 6

93,829

734

(1,604)

18,823

¥ (2,111)

109,677

779

Balance (in shares) at Dec. 31, 2021 | shares

^[1]

641,329,557

(23,432,968)

Changes in shareholders' equity

Issuance of ordinary shares for the exercise of stock options (in shares) | shares

4,493,648

4,737,273

Issuance of ordinary shares for the exercise of stock options

¥ 179

¥ 0

179

Appropriations to statutory reserves

1,188

(91)

Foreign currency translation adjustments

Unrealized securities holding gains (losses)

(1,126)

Less: Amounts reclassified from accumulated other comprehensive loss to net income/(loss) (Note 7)

884

Net income/(loss)

1,367

1,403

(36)

Disposal of shares in subsidiaries

(4)

Acquisition of additional equity interests of subsidiaries

(3)

Balance at Dec. 31, 2022

¥ 113,019

¥ 6

95,196

825

(1,768)

20,135

¥ (2,111)

112,283

736

Balance (in shares) at Dec. 31, 2022 | shares

646,066,830

(23,432,968)

Changes in shareholders' equity

Issuance of ordinary shares for the exercise of stock options (in shares) | shares

4,590,690

4,787,940

Issuance of ordinary shares for the exercise of stock options

¥ 399

¥ 0

399

Appropriations to statutory reserves

1,834

1,247

(1,247)

Foreign currency translation adjustments

$ 11

Unrealized securities holding gains (losses)

(817)

Less: Amounts reclassified from accumulated other comprehensive loss to net income/(loss) (Note 7)

108

Repurchasing of ordinary shares (Value)

(1,617)

¥ (1,617)

(1,617)

Repurchasing of ordinary shares (in shares) | shares

(6,765,720)

Net income/(loss)

10,002

9,918

Acquisition of additional equity interests of subsidiaries

(1)

Business combination

Balance at Dec. 31, 2023

¥ 123,006

$ 17,325

¥ 6

¥ 97,428

¥ 2,072

¥ (2,400)

¥ 28,806

¥ (3,728)

¥ 122,184

¥ 822

Balance (in shares) at Dec. 31, 2023 | shares

644,089,050

(30,198,688)

[1]	The number of shares outstanding and treasury stock have been retrospectively adjusted for the Share Subdivision that became effective on March 18, 2021 as detailed in Note 2.

PRINCIPAL ACCOUNTING POLICIES (Policies)

12 Months Ended

Dec. 31, 2023

PRINCIPAL ACCOUNTING POLICIES

Basis of presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

On March 18, 2021, the Company announced the resolution that was adopted and approved at the Company’s extraordinary general meeting of shareholders: Each of the Company’s issued and unissued ordinary shares of a nominal or par value of US$0.01 each in the capital of the Company be and is hereby subdivided into eight (8) ordinary shares of a nominal or par value of US$0.00125 each in the capital of the Company, effective from March 18, 2021 (“Share Subdivision”). The Company also announced that, concurrently with the effectiveness of the Share Subdivision, the ratio of ADS to ordinary share will be adjusted from eight (8) ADSs representing one (1) ordinary share to one (1) ADS representing one (1) ordinary share (the “ADS Ratio Change”). The number of ordinary shares as disclosed in these consolidated financial statements are prepared on a basis after taking into account the effects of the Share Subdivision and the ADS Ratio Change and have been retrospectively adjusted accordingly.

The preparation of financial statements in conformity with U.S. GAAP requires management

make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets

and

liabilities at the balance sheet dates and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.

Consolidation

The consolidated financial statements include the financial statements of the Company, its subsidiaries, the VIEs and VIEs’ subsidiaries. All significant transactions and balances between the Company, its subsidiaries, the VIEs and VIEs’ subsidiaries have been eliminated upon consolidation.

A subsidiary is an entity in which the Company, directly or indirectly, controls more than one half of the voting power; has the power to appoint or remove the majority of the members of the board of directors; to cast a majority of votes at the meeting of the board of directors or to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders.

The Company applies the guidance codified in Accounting Standard Codification 810, Consolidations (“ASC 810”) on accounting for the VIEs and their respective subsidiaries, which requires certain variable interest entities to be consolidated by the primary beneficiary of the entity in which it has a controlling financial interest. A VIE is an entity with one or more of the following characteristics: (a) the total equity investment at risk is not sufficient to permit the entity to finance its activities without additional financial support; (b) as a group, the holders of the equity investment at risk lack the ability to make certain decisions, the obligation to absorb expected losses or the right to receive expected residual returns, or (c) an equity investor has voting rights that are disproportionate to its economic interest and substantially all of the entity’s activities are on behalf of the investor. The Company is considered as the primary beneficiary of the VIEs according to FASB ASC 810 and thus consolidates the financial statements each of these entities under U.S. GAAP. The accompanying consolidated financial statements include the financial statements of the Company, its subsidiaries, the consolidated VIEs and the VIEs’ subsidiaries:

The following is a summary of the Company’s major VIEs and VIEs’ subsidiaries:


Name of major VIEs and their major subsidiaries		Date of establishment/acquisition

Shanghai Ctrip Commerce Co., Ltd., (“Ctrip Commerce”)		Established on July 18, 2000

Shanghai Huacheng Southwest International Travel Agency Co., Ltd., (“Shanghai Huacheng”, a subsidiary of Ctrip Commerce)		Established on March 13, 2001

Chengdu Ctrip Travel Agency Co., Ltd., (“Chengdu Ctrip”)		Established on January 8, 2007

Beijing Qu Na Information Technology Co., Ltd., (“Qunar Beijing”)		Established on March 17, 2006

The Company is considered the primary beneficiary of each of the VIEs and

the

VIEs’ subsidiaries, as defined above, and has consolidated the financial statements of each under U.S. GAAP.

Major variable interest entities and their subsidiaries

The Company conducts a part of its operations through a series of agreements with certain VIEs and VIEs’ subsidiaries as stated in above. These VIEs and VIEs’ subsidiaries are used solely to facilitate the Company’s participation in internet content provision, advertising business, travel agency and

air-ticketing

services in the People’s Republic of China (“PRC”). From 2015, the Company restructured its business lines to change some of the VIEs to its wholly owned subsidiaries, which carry out the businesses that are not foreign ownerships restricted.

Ctrip Commerce is a domestic company incorporated in Shanghai, the PRC. Ctrip Commerce holds a telecommunications operation license and is primarily engaged in the provision of advertising business on the Internet website. One

of the Company’s employees and one of the Company’s senior consultant collectively hold

100%

of the equity interest in Ctrip Commerce. The registered capital of Ctrip Commerce was

RMB900,000,000 as of December 31, 2023.

Shanghai Huacheng is a domestic company incorporated in Shanghai, the PRC. Shanghai Huacheng holds a travel agency operation license and mainly provides domestic, inbound and outbound tour services and

air-ticketing

services. Ctrip Commerce holds 100% of the equity interest in Shanghai Huacheng. The registered capital of Shanghai Huacheng was RMB100,000,000 as of December 31, 2023.

Chengdu Ctrip is a domestic company incorporated in Chengdu, the PRC. Chengdu Ctrip holds a domestic travel agency license and is engaged in the provision of

air-ticketing

service. One

of the Company’s employees and one of the Company’s senior consultant hold

100% of the equity interest in Chengdu Ctrip. The registered capital of Chengdu Ctrip was RMB500,000,000 as of December 31, 2023.

Qunar Beijing is a domestic company incorporated in Beijing, the PRC. Qunar Beijing holds various licenses for domestic and cross-border business of Qunar. Two

employees

of the Company hold 100% of the equity interest in Qunar Beijing. The registered capital of Qunar Beijing was RMB11,000,000 as of December 31, 2023.

The capital injected by some of our employees and senior consultants are funded by the Company and are recorded as long-term business loans to related parties, which are eliminated with registered capital of VIEs upon consolidation. The Company does not have any ownership interest in these VIEs and VIEs’ subsidiaries.

As of December 31, 2023, the Company has various agreements with the consolidated VIEs and VIEs’ subsidiaries, including loan agreements, exclusive technical consulting and services agreements, equity pledge agreements, exclusive option agreements and other operating agreements which result in the Company being the primary beneficiary of each entity and which provides the basis for consolidation of the financial statements of each VIE pursuant to ASC 810.

Details of certain key agreements with the major VIEs are as follows:

Powers of Attorney:

Each of the shareholders of the VIEs, except for Hui Cao and Hui Wang who entered into a separate set of contractual arrangements as described below, signed an irrevocable power of attorney to appoint Ctrip Travel Network, as

attorney-in-fact

to vote, by itself or any other person to be designated at its discretion, on all matters of the applicable VIEs. Each such power of attorney will remain effective as long as the applicable VIE exists, and such shareholders of the applicable VIEs are not entitled to terminate or amend the terms of the power of attorneys without prior written consent from the Company.

As of the date of this annual report, each of the shareholders of Qunar Beijing (VIE), Hui Cao and Hui Wang, also signed an irrevocable power of attorney authorizing an appointee, to exercise, in a manner approved by Qunar, on such shareholder’s behalf the full shareholder rights pursuant to applicable laws and Qunar Beijing (VIE)’s articles of association, including without limitation full voting rights and the right to sell or transfer any or all of such shareholder’s equity interest in Qunar Beijing (VIE). Each such power of attorney is effective until such time as such shareholder ceases to hold any equity interest in Qunar Beijing (VIE). The terms of the power of attorney with respect to Qunar Beijing (VIE) are substantially similar to the terms described in the foregoing paragraph.

Technical Consulting and Services Agreements:

Ctrip Travel Network, a wholly owned PRC subsidiary of the Company, provides the Company’s VIEs, except for Qunar Beijing (VIE), with technical consulting and related services and staff training and information services on an exclusive basis. The Company also maintain its network platforms. In consideration for the Company’s services, the Company’s VIEs agree to pay the Company service fees as calculated in such manner as determined by the Company from time to time based on the nature of service, which may be adjusted periodically. Although the service fees are typically determined based on the number of transportation tickets sold, given the fact that the nominee shareholders of such VIEs have irrevocably appointed a designated person to vote on their behalf on all matters they are entitled to vote on, the Company has the right to determine the level of service fees paid and therefore receive substantially all of the economic benefits of the VIEs in the form of service fees. Ctrip Travel Network, will exclusively own any intellectual property rights arising from the performance of this agreement. The initial term of these agreements is

years and may be renewed automatically in

10-year

terms unless the Company disapprove the extension. The Company retains the exclusive right to terminate the agreements at any time by delivering a

30-day

advance written notice to the applicable VIE.

As of the date of this annual report, pursuant to the restated exclusive technical consulting and services agreement between Qunar Beijing (VIE) and Qunar Software, Qunar Software provides Qunar Beijing (VIE) with technical, marketing and management consulting services on an exclusive basis in exchange for service fee paid by Qunar Beijing (VIE) based on a set formula defined in the agreement subject to adjustment by Qunar Software at its sole discretion. This agreement will remain in effect until terminated unilaterally by Qunar Software or mutually. The terms of this agreement are substantially similar to the terms described in the foregoing paragraph.

Equity Pledge Agreements:

The shareholders of the VIEs, except for Hui Cao and Hui Wang who entered into a separate set of contractual arrangements as described below, have pledged their respective equity interests in the applicable VIEs as a guarantee for the performance of all the obligations under the other contractual arrangements, including payment by such VIEs of the technical and consulting services fees to us under the technical consulting and services agreements, repayment of the business loan under the loan agreements and performance of obligations under the exclusive option agreements, each agreement as described herein. This agreement is valid and binding on the parties, their heirs, successors and permitted assignees. In the event any of such VIE breaches any of its obligations or any shareholder of such VIEs breaches his or her obligations, as the case may be, under these agreements, the Company is entitled to enforce the equity pledge right and sell or otherwise dispose of the pledged equity interests, and have priority in receiving payment from proceeds from the auction or sale of all or part of the pledge until the obligations are settled. The pledge has been established upon registration with the local branch of the PRC State Administration for Market Regulation (“SAMR”), and will expire two years after the pledgor and the applicable VIEs no longer undertake any obligations under the above-referenced agreements.

As of the date of this annual report, pursuant to the equity interest pledge agreement among Qunar Software, Hui Cao and Hui Wang, Hui Cao and Hui Wang have pledged their equity interests in Qunar Beijing (VIE) along with all rights, titles and interests to Qunar Software as guarantee for the performance of all obligations under the contractual arrangements mentioned herein. This agreement is valid and binding on the pledgors and each of their successors, and is valid on the pledgee and its successors and assignees. Qunar Software may enforce this pledge upon the occurrence of a settlement event or as required by the PRC law. The pledge has been established upon registration with the local branch of the SAMR, and will expire when all obligations under the contractual arrangements have been satisfied. In enforcing the pledge, Qunar Software is entitled to dispose of the pledge and have priority in receiving payment from proceeds from the auction or sale of all or part of the pledge until the obligations are settled. The terms of this agreement are substantially similar to the terms described in the foregoing paragraph.

Loan Ag

ements:

Under the loan agreements the Company entered into with the shareholders of the VIEs, except for Hui Cao and Hui Wang who entered into a separate set of contractual arrangements as described below, the Company extended long-term business loans to these shareholders of the VIEs with the sole purpose of providing funds necessary for the capitalization or acquisition of such VIEs. These business loan amounts were injected into the applicable VIEs as capital and cannot be accessed for any personal uses. The initial term of the loan agreements is

years and may be renewed automatically in

10-

year

terms unless the Company disapprove the extension by written notice in advance. The loan agreements will remain effective until the parties have fully performed their respective obligations under the agreement, and the shareholders of such VIEs have no right to unilaterally terminate these agreements or repay the loan in advance. The loan agreements are valid and binding on the parties, their successors and permitted assignees. In the event that the PRC government lifts its restrictions on foreign ownership of the travel agency, or value-added telecommunications business in China, as applicable, the Company will exercise its exclusive option to purchase all of the outstanding equity interests of the VIEs, as described in the following paragraph, and the loan agreements will be canceled in connection with such purchase. However, it is uncertain when, if at all, the PRC government will lift any or all of these restrictions.

As of the date of this annual report, pursuant to the loan agreement among Qunar Software, Hui Cao and Hui Wang, the loans extended by Qunar Software to each of Hui Cao and Hui Wang are only repayable by a transfer of such borrower’s equity interest in Qunar Beijing (VIE) to Qunar Software or its designated party, in proportion to the amount of the loan to be repaid. This loan agreement will continue in effect indefinitely until such time when (i) the borrowers receive a repayment notice from Qunar Software and fully repay the loans, or (ii) an event of default (as defined therein) occurs unless Qunar Software sends a notice indicating otherwise within

calendar days after it is aware of such event. The loan agreements are valid and binding on the parties, their successors and permitted assignees. The terms of this loan agreement are substantially similar to the terms described in the foregoing paragraphs.

Exclusive Option Agreements:

As consideration for the Company’s entering into the loan agreements described above, each of the shareholders of the VIEs, except for Hui Cao and Hui Wang who entered into a separate set of contractual arrangements as described below, has granted us an exclusive, irrevocable option to purchase, or designate one or more person(s) at the Company’s discretion to purchase, all of its equity interests in the applicable VIEs at any time the Company desires, subject to compliance with the applicable PRC laws and regulations. The Company may exercise the option by issuing a written notice to the shareholder of the VIE. Subject to the evaluation requirements or other restrictions imposed by applicable PRC laws and regulations, the purchase price should be equal to the contribution actually made by the shareholder for the equity interest. Therefore, if the Company exercises these options, the Company may choose to cancel the outstanding loans the Company extended to the shareholders of such VIEs pursuant to the loan agreements as the loans were used solely for equity contribution purposes. The initial term of these agreements is

years and may be renewed automatically in

10-

year

terms unless the Company disapproves the extension. This agreement is valid and binding on the parties, their heirs, successors and permitted assignees. The Company retains the exclusive right to terminate the agreements at any time by delivering a written notice to the shareholder of applicable VIE.

Hui Cao and Hui Wang also entered into an equity option agreement with Qunar, Qunar Software and Qunar Beijing (VIE). This equity option agreement contains arrangements that are similar to that as described in the foregoing paragraph. This agreement will remain effective with respect to each of Qunar Beijing (VIE)’s shareholders until all of the equity interest has been transferred or Qunar and Qunar Software terminates the agreement unilaterally with

days’ prior written notice. This agreement is valid and binding on the parties, their successors and permitted assignees.

The VIEs and their shareholders agree not to enter into any transaction that would affect the assets, obligations, rights or operations of the VIEs without the Company’s prior written consent. They also agree to accept the Company’s guidance with respect to

day-to-day

operations, financial management systems and the appointment and dismissal of key employees.

Risks in relation to contractual arrangements between the Company’s PRC subsidiaries and VIEs:

The Company has been advised by Commerce & Finance Law Offices, its PRC legal counsel, that its contractual arrangements with its consolidated VIEs as described in the Company’s annual report are valid, binding and enforceable under the current laws and regulations of China. Based on such legal opinion and the management’s knowledge and experience, the Company believes that its contractual arrangements with its consolidated VIEs are in compliance with current PRC laws and legally enforceable. However, there may be in the event that the VIEs and their respective shareholders fail to perform their contractual obligations, the Company may have to rely on the PRC legal system to enforce its rights. The PRC legal system is based on written statutes. Prior court decisions may be cited for reference but have limited precedential value. The PRC laws and regulations have significantly enhanced protections afforded to various forms of the foreign investments in China for the past decades. However, many laws, regulations, and rules are subject to interpretation and clarification. Moreover, because these laws, regulations, and standards are subject to interpretations, their application in practice may evolve over time as new guidance becomes available. Due to the uncertainties with respect to the PRC legal system, the PRC government authorities may ultimately take a view contrary to the opinion of its PRC legal counsel with respect to the enforceability of the contractual arrangements.

There are, however, uncertainties regarding the interpretation and application of current or future PRC laws and regulations. Accordingly, the Company cannot be assured that the PRC government authorities will not ultimately take a view that is contrary to the Company’s belief and the opinion of its PRC legal counsel.

In March 2019, the draft Foreign Investment Law was submitted to the National People’s Congress for review and was approved on March 15, 2019, which came into effect from January 1, 2020.

The new Foreign Investment Law of the PRC repealed simultaneously the Wholly Foreign-owned Enterprise Law of the PRC, Sino-foreign Equity Joint Venture Law of the PRC and Sino-foreign Cooperative Joint Ventures Law of the PRC. Therefore, the general regulations for companies’ set up and operation in the PRC including the foreign-invested companies shall comply with the Company Law of the PRC unless provided in the PRC Foreign Investment Laws. In December 2019, the Implementing Regulation of the Foreign Investment Law has been promulgated by the State Council which has come into force as of January 1, 2020. The Foreign Investment Law does not touch upon the relevant concepts and regulatory regimes that were historically suggested for the regulation of VIE structures, and thus this regulatory topic remains unclear under the Foreign Investment Law. Since the Foreign Investment Law is new, there are uncertainties exist with respect to its implementation and interpretation and it is also possible that the VIE entities will be deemed as foreign invested enterprises and be subject to restrictions in the future. Such restrictions may cause interruptions to the Company’s operations, products and services and may incur additional compliance cost, which may in turn materially and adversely affect the Company’s business, financial condition and results of operations.

Summary financial information of the Company’s VIEs in the consolidated financial statements

Pursuant to the contractual arrangements with the VIEs, the Company has the power to direct activities of the VIEs, and can have assets transferred freely out of the VIEs without any restrictions. Therefore, the Company considers that there is no asset of a consolidated VIE that can be used only to settle obligations of the VIE, except for registered capital and PRC statutory reserves of the VIEs amounting to a total of RMB2.0 billion as of December 31, 2023. As all the consolidated VIEs are incorporated as limited liability companies under the PRC Company Law, creditors of the VIEs do not have recourse to the general credit of the Company for any of the liabilities of the consolidated VIEs.


	As of December 31,
	2022			2023
Selected Balance Sheets Data of the VIEs
Cash and cash equivalents		2,891			2,825
Restricted cash		449			533
Short-term investments		2,643			197
Accounts receivable, net		606			1,363
Prepayments and other current assets		2,375			2,076
Investments (non-current)		2,121			2,998
Total assets		17,480			18,085
Less: Inter-company receivabl es (Note i)		(4,852	)		(6,699	)
Total assets excluding inter-company receivables		12,628			11,386
Short-term debt and current portion of long-term debt		5,215			3,245
Accounts payable		1,497			2,964
Advances from customers		1,212			1,637
Other payables and accruals		2,095			2,162
Total liabilities		15,558			16,571
Less: Inter-company payabl es (Note ii)		(5,150	)		(5,934	)
Total liabilities excluding inter-company payables		10,408			10,637

Note ii: The inter-company payables as of December 31, 2022 and 2023 mainly represented payables of VIEs due to the Company’s wholly-owned subsidiaries for treasury cash management purpose.

The following table set forth the summary of results of operations of the VIEs and their subsidiaries of the Company (RMB in millions):


	For the years ended December 31,
	2021			2022			2023

Net revenues		6,035			4,335			10,050
Cost of revenues		2,557			2,292			5,118
Net loss		(119	)		(495	)		(945	)

Net revenues from VIEs accounted for around 30%, 22% and 23% of the Company’s net revenues for the year ended December 31, 2021, 2022 and 2023, respectively.

The VIEs’ net income before the deduction of the inter-company service fee charges were RMB1.5 billion, RMB1.2 billion and RMB3.3 billion for the years ended December 31, 2021, 2022 and 2023, respectively.

The amount of service fees paid by all the VIEs to the WFOEs pursuant to the exclusive technical consulting and service agreements between VIEs and WFOEs were RMB1.7 billion, RMB1.7 billion and RMB4.3 billion for the years ended December 31, 2021, 2022 and 2023, respectively.

The following tables set forth the summary of cash flow activities of the VIEs and their subsidiaries of the Company (RMB in millions):


	For the year ended December 31,
	2021			2022			2023
Net cash provided by/(used in) operating activities		1,271			(1,677	)		1,092
Net cash provided by investing activities		618			4,317			109
Net cash used in financing activities		(1,566	)		(6,957	)		(1,182	)

Currently there is no contractual arrangement that could require the Company to provide additional financial support to the consolidated VIEs. As the Company is conducting certain business in the PRC mainly through the VIEs, the Company may provide such support on a discretionary basis in the future, which could expose the Company to a loss.

Foreign currencies

The Company’s reporting currency is RMB. The Company’s functional currency is US$. The Company’s operations are conducted through the subsidiaries and VIEs where the local currency is the functional currency and the financial statements of those subsidiaries are translated from their respective functional currencies into RMB.

Transactions denominated in currencies other than functional currencies are remeasured at the exchange rates prevailing at the dates of the transaction for the Company’s subsidiaries respectively. Gains and losses resulting from foreign currency transactions are included in the consolidated statements of (loss)/income and comprehensive (loss)/income. Monetary assets and liabilities denominated in foreign currencies are remeasured using the applicable exchange rates at the balance sheet dates. All such exchange gains and losses are included in the consolidated statements of (loss)/income and comprehensive (loss)/income.

Assets and liabilities of the group companies are translated from their respective functional currencies to the reporting currency at the exchange rates at the balance sheet dates, equity accounts are translated at historical exchange rates and revenues and expenses are translated at the average exchange rates in effect during the reporting periods. The exchange differences for the translation of group companies with

non-RMB

functional currency into the RMB are included in foreign currency translation adjustments, which is a separate component of shareholders’ equity on the consolidated financial statements. The foreign currency translation adjustments are not subject to tax.

Translations of amounts from RMB into US$ are unaudited and solely for the convenience of the reader and were calculated at the rate of

US$1.00 = RMB7.0999

on December 29, 2023, representing the certificated exchange rate published by the Federal Reserve Board. No representation is intended to imply that the RMB amounts could have been, or could be, converted, realized or settled into US$ at that rate on December 29, 2023, or at any other rate.

Cash and cash equivalents

Cash includes currency on hand and deposits held by financial institutions that can be added to or withdrawn without limitation. Cash equivalents represent short-term, highly liquid investments that are readily convertible to known amounts of cash and with original maturities from the date of purchase of generally three months or less.

Restricted cash

Restricted cash represents cash that cannot be withdrawn without the permission of third parties. The Company’s restricted cash is substantially a cash balance on deposit required by its business partners and commercial banks.

Short-term investments

Short-term investments represent i)

held-to-maturity

investments which are due in one year and stated at amortized cost (i.e., time deposits); ii) the investments issued by commercial banks or other financial institutions with a variable interest rate indexed to the performance of underlying assets within one year measured at fair value (i.e., financial products), and iii) foreign currency forward contracts measured at fair value which are short-term. Changes in the fair value are reflected in the consolidated statements of (loss)/income and comprehensive (loss)/income.

Derivative Instruments

The derivative instruments primarily consisted of foreign currency forward contracts and interest rate swap contracts. The fair values of the derivative instruments generally represent the estimated amounts expect to receive or pay upon termination of the contracts as of the reporting date. The foreign currency forward contracts are used to economically hedge certain foreign denominated liabilities and reduce, to the extent practicable, the potential exposure to the changes that exchange rates might have on the Company’s earnings, cash flows and financial position. As the derivative instruments of foreign currency forward contracts do not qualify for hedge accounting treatment, changes in the fair value are reflected in Other income/(expense) of the consolidated statements of (loss)/income and comprehensive (loss)/income. The interest rate swap contracts are used to swap floating interest payments related to certain borrowings for fixed interest payments to hedge the interest rate risk associated with certain forecasted payments and obligations. As derivative instruments of interest rate swap contracts are designated as cash flow hedges and the hedge is highly effective, all changes in the fair value of the derivative hedging instruments are recorded in other comprehensive income/(loss)(“OCI”) as unrealized securities holding gains/(losses).

As of December 31, 2022 and 2023, and for the years ended December 31, 2021, 2022 and 2023, the balance of the derivative instruments and the total amount of fair value changes are not material.

Installment credit and Nonrecourse securitization debt

Installment credit and nonrecourse securitization debt

The Company provides installment credit solutions to users with the terms generally below one year. Such amounts are recorded at the outstanding principal amount less allowance for credit losses, and include accrued interest receivable and presented in receivable related to financial services in Note 3.

Since 2018, the Company entered into asset backed securitization arrangements with third-party financial institutions and set up a securitization vehicle as servicer to issue the revolving debt securities to third party investors. The debt securities are collateralized by the loans due from the users transferred to the securitization vehicle. The Company consolidated the servicer of the securitized debt since economic interests are retained in the form of subordinated interests and it acts as the servicer of securitization vehicle. Therefore, the proceeds from the issuance of debt securities are reported as securitization debt, and the transferred collateralized receivable remain on the Company’s financial statements. The securitization debt is repaid when the collections of the underlying collateralized receivable occur and

reported in “short-term debt and current portion of long-term debt” (Note 12) or “long-term debt” (Note 17) according to the expected repayment dates of the debt securities.

As of December 31, 2022, and 2023, out of the total receivables due from the users, the collateralized receivable for the debt securities were RMB0.1 billion and RMB1.1 billion, respectively, and the

non-collateralized

receivable (receivables which have not been transferred to the securitization vehicle) were RMB3.5 billion and RMB3.1 billion, respectively.

As of December 31, 2022, and 2023, the balance of allowance for expected credit losses for the receivable

due from the users

amounted to RMB196 million and RMB200 million, respectively. The Company recognized the interest income from the receivable related to financial services in Revenue – Others. The interest expenses in relation to the nonrecourse securitization debt were recognized in the cost of revenue. For the years ended December 31, 2021, 2022 and 2023, the interest incomes and the interest expenses were not material.

The gross amount of the loans provided to users is presented in the investing section of the cash flow statement unless the term of the receivables is three month or less, in which case it is presented on a net basis by deducting the repayment from the users.

Land use rights

Land use rights represent the prepayments for usage of the parcels of land where the office buildings are located, are recorded at cost, and are amortized over their respective lease periods (usually over 40 to 50 years).

Property, equipment and software

Property, equipment and software are stated at cost less accumulated depreciation and amortization. Depreciation and amortization are computed using the straight-line method over the following estimated useful lives, taking into account any estimated residual value:


Building		30-40 years
Leasehold improvements		Lesser of the term of the lease or the estimated useful lives of the assets
Website-related equipment		3-5 years
Computer equipment		3-5 years
Furniture and fixtures		3-5 years
Software		3-5 years

The Company recognizes the disposal of Property, equipment and software in general and administrative expenses.

Investments

The Company’s investments include equity method investments, equity securities without readily determinable fair values, equity securities with readily determinable fair values, held to maturity debt securities, and

available-for-sale

debt securities.

The Company applies equity method in accounting for its investments in entities in which the Company has the ability to exercise significant influence but does not have control and the investments are in either common stock or

in-substance

common stock. Unrealized gains on transactions between the Company and an affiliated entity are eliminated to the extent of the Company’s interest in the affiliated entity, unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Equity securities without readily determinable fair values are measured and recorded using a measurement alternative that measures the securities at cost minus impairment, if any, plus or minus changes resulting from qualifying observable price changes.

From January 1, 2021, the Company adopted Accounting Standards Update

No. 2020-01,

Investments— Equity Securities (Topic 321), Investments—Equity Method and Joint Ventures (Topic 323), and Derivatives and Hedging (Topic 815), which did not have a material impact on the consolidated financial statements.

Debt securities that the Company has positive intent and ability to hold to maturity are classified as held to maturity debt securities and are stated at amortized cost.

The Company has classified its investments in debt securities, other than the held to maturity debt securities, as available-for-sale securities. Available-for-sale debt securities are reported at estimated fair value (Note 7) with the aggregate unrealized gains and losses, net of tax, reflected in “Accumulated other comprehensive loss” in the consolidated balance sheets. If the amortized cost basis of an available-for-sale security exceeds its fair value and if the Company has the intention to sell the security or it is more likely than not that the Company will be required to sell the security before recovery of the amortized cost basis, an impairment is recognized in the consolidated statements of (loss)/income and comprehensive (loss)/income. If the Company does not have the intention to sell the security and it is not more likely than not that the Company will be required to sell the security before recovery of the amortized cost basis and the Company determines that the decline in fair value below the amortized cost basis of an
available-for-sale security is entirely or partially due to credit-related factors, the credit loss is measured and recognized as an allowance for credit losses in the consolidated statements of (loss)/income and comprehensive (loss)/income. The allowance is measured as the amount by which the debt security’s amortized cost basis exceeds the Company’s best estimate of the present value of cash flows expected to be collected.

The Company monitors its investments for other-than-temporary impairment by considering factors including, but not limited to, current economic and market conditions, the operating performance of the companies including current earnings trends and other company-specific information.

Fair value measurement of financial instruments

Financial assets and liabilities of the Company primarily comprise of cash and cash equivalents, restricted cash, time deposits, financial products, derivative instruments, accounts receivable, due from related parties, available-for-sale debt investments, equity securities, accounts payable, due to related parties, advances from end users, short-term bank borrowings, exchangeable senior notes, other short-term liabilities and long-term debts. As of December 31, 2022, and 2023, except for financial products, derivative instruments, exchangeable senior notes, long-term debts, listed equity securities and available-for-sale debt investments, carrying values of the financial instruments approximated their fair values because of their generally short maturities. The Company reports financial products, derivative instruments, exchangeable senior notes, listed equity securities and available-for-sale debt investments at fair value at each balance sheet date and changes in fair value are reflected in the statements of (loss)/income and comprehensive (loss)/income. The Company disclosed the fair value of its long-term debts based on Level 2 inputs in Note 17.

The Company measures its financial assets and liabilities using inputs from the following three levels of the fair value hierarchy. The three levels are as follows:

Level 1 inputs are unadjusted quoted prices in active markets for identical assets that the management has the ability to access at the measurement date.

Level 2 inputs include quoted prices for similar assets in active markets, quoted prices for identical or similar assets in markets that are not active, inputs other than quoted prices that are observable for the asset (i.e., interest rates, yield curves, etc.), and inputs that are derived principally from or corroborated by observable market data by correlation or other means (market corroborated inputs).

Level 3 includes unobservable inputs that reflect the management’s assumptions about the assumptions that market participants would use in pricing the asset. The management develops these inputs based on the best information available, including the own data.

Business combination and Acquisitions

Business combination

U.S. GAAP requires that all business combinations not involving entities or businesses under common control be accounted for under the acquisition method. The Company applies ASC 805, “Business combinations”, the cost of an acquisition is measured as the aggregate of the fair values at the date of exchange of the assets given, liabilities incurred, and equity instruments issued. The costs directly attributable to the acquisition are expensed as incurred. Identifiable assets, liabilities and contingent liabilities acquired or assumed are measured separately at their fair value as of the acquisition date, irrespective of the extent of any

non-controlling

interests. The excess of the (i) the total of cost of acquisition, fair value of the

non-controlling

interests and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary acquired, the difference is recognized in the consolidated statements of (loss)/income and comprehensive (loss)/income.

The determination and allocation of fair values to the identifiable assets acquired and liabilities assumed is based on various assumptions and valuation methodologies requiring considerable management judgment. The most significant variables in these valuations are discount rates, terminal values, growth rates, the number of years on which to base the cash flow projections, as well as the assumptions and estimates used to determine the cash inflows and outflows. Management determines discount rates to be used based on the risk inherent in the related activity’s current business model and industry comparisons. Terminal values are based on the expected life of products and forecasted life cycle and forecasted cash flows over that period. The Company’s estimates of fair value are based upon assumptions believed to be reasonable, but which are inherently uncertain and unpredictable and, as a result, actual results may differ from estimates. Any changes to provisional amounts identified during the measurement period are recognized in the reporting period in which the adjustment amounts are determined.

Acquisitions

During the periods presented, the Company completed several transactions to acquire controlling shares to enrich its products and to expand business. The Company makes estimates and judgments in determining the fair value of the acquired assets and liabilities, based in part on independent appraisal reports as well as its experience with purchasing similar assets and liabilities in similar industries. Major assumptions used in determining the fair value of these acquired assets include revenue growth rate and weighted average cost of capital. The amount of excess of the purchase price over the fair value of the identifiable assets and liabilities acquired is recorded as goodwill.

The acquisitions in 2021, 2022 and 2023 with total consideration of RMB1.8million, RMB8.0million and RMB3.5 million were immaterial that resulted in no recorded goodwill and recorded intangible assets of RMB0.5million, RMB

10.0

million and RMB2.6 million respectively.

Pro forma results of operations for these acquisitions have not been presented because they are not material to the consolidated income statements for the years ended December 31, 2021, 2022 and 2023, either individually or in aggregate.

Goodwill and other intangible assets

Goodwill represents the excess of the purchase price over the fair value of the identifiable assets and liabilities acquired as a result of the Company’s acquisitions of interests in its subsidiaries and consolidated VIEs.

Goodwill is not amortized but is reviewed at least annually for impairment or earlier. The Company may first assess qualitative factors to determine whether it is necessary to perform the quantitative goodwill impairment test, by taking into consideration of macroeconomics, overall financial performance, industry and market conditions and the share price of the Company. If determined to be necessary, the quantitative impairment test shall be used to identify goodwill impairment.

The Company performs its annual, or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An impairment charge should be recognized for the amount by which the carrying amount exceeds the reporting unit’s fair value; however, the loss recognized should not exceed the total amount of goodwill allocated to that reporting unit.

The Company performs the annual goodwill impairment assessment as of December 31, or when an event occurs or circumstances change that would more likely than not reduce the fair value of a reporting unit below its carrying amount. As of December 31, 2022 and 2023, the Company qualitatively assessed relevant events and circumstances, including macroeconomics conditions, industry and market considerations, its overall financial performance as well as the share price, and concluded by weighing all these factors in their entirety that it was not more likely than not the fair value of the Company’s reporting unit was lower than its carrying value. For the years ended December 31, 2021, 2022 and 2023, there

was no impairment of goodwill.

Separately identifiable intangible assets that have determinable lives continue to be amortized and consist primarily of

non-compete

agreements, customer list, supplier relationship, technology, business relationship and payment business license as of December 31, 2022 and 2023. The Company amortizes intangible assets on a straight-line basis over their estimated useful lives, which is

three

to fifteen years. The estimated life of amortized intangibles is reassessed if circumstances occur that indicate the life has changed. Other intangible assets that have indefinite useful life primarily include trademark and domain names. The Company evaluates indefinite-lived intangible assets for impairment on an annual basis as of December 31, or an interim basis if events or other circumstances suggest that related fair value is below carrying value. An assessment is made on each December 31 as well to determine whether events and circumstances continue to support an indefinite useful life.

The Company reviews intangible assets with indefinite lives annually for impairment or earlier, if an indication of impairment exists.

No impairment on other intangible assets was recognized for the years ended December 31, 2021, 2022 and 2023, respectively.

Impairment of long-lived assets

Long-lived

assets (including intangible with definite lives) are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Reviews are performed to determine whether the carrying value of an asset group is impaired, based on comparison to undiscounted expected future cash flows. If this comparison indicates that there is impairment, the Company recognizes an impairment of long-lived assets to the extent the carrying amount of such assets exceeds the fair value.

Accrued liability for customer reward program

Accrued liability for rewards program

The Company provides a discretionary (not provided for within end user contracts) loyalty points program to its end users. The points awarded can be redeemed for cash or used to purchase gifts through the Company’s mobile applications, other mobile access channels, and websites (“Online Channels”).

The estimated incremental costs of the loyalty points program are recognized as sales and marketing expense, or as a reduction of the revenue, depending on whether it can be redeemed to gifts or redeemed for cash, and accrued for as a current liability. As members redeem awards or their entitlements expire, the accrued liability is reduced correspondingly. For the years ended December 31, 2021, 2022 and 2023 the incremental costs recognized for the rewards program were immaterial.

Deferred revenue

The Company offers a discretionary coupon program, through which the Company primarily provides coupons to end users who book selected hotels online through website. The end users who use the coupons receive credits in their virtual cash accounts upon

check-out

from the hotels and reviews for hotels submitted. The end users may redeem the amount of credits in their virtual cash account in cash or voucher for their future bookings through the Company’s Online Channels. The Company accounts for the estimated cost of future usage of coupons as reduction of the revenue.

Revenue recognition

The Company recognizes revenues in accordance with ASC 606, “Revenue from Contracts with Customers” (“ASC 606”), under which, the Company’s revenues are substantially reported on a net basis as the travel supplier is primarily responsible for providing the underlying travel services and the Company does not control the service provided by the travel supplier to the traveler. Revenues are recognized at gross amounts for merchant business where the Company undertakes substantive inventory risks by

pre-purchasing

inventories.

Revenue from accommodation reservation services, transportation ticketing services, packaged tours, and corporate travel are substantially recognized at a point of time when the performance obligations that are satisfied. Revenue from other businesses comprise primarily of online advertising services and financial services, which are recognized ratably over the time or upon relevant performance obligations being fulfilled.

Accommodation reservation services

The Company receives commissions from travel suppliers for hotel room reservations through the Company’s transaction and service platform. Commissions from hotel reservation services rendered are recognized when the reservation becomes

non-cancelable

(when the cancelation period provided by the reservation expires) which is the point at which the Company has fulfilled its performance obligation (successfully booking a reservation, which includes certain post-booking services during the cancelation period). Contracts with certain travel suppliers contain incentive commissions typically subject to achieving specific performance targets. The incentive commissions are considered as variable consideration and are estimated and recognized to the extent that the Company is entitled to such incentive commissions. The Company generally receives incentive commissions from monthly arrangements with hotels based on the number of hotel room reservations where end users have completed their stay. The Company presents revenues from such transactions on a net basis in the statements of (loss)/income and comprehensive (loss)/income as the Company, generally, does not control the service provided by the travel supplier to the traveler and does not assume inventory risk for canceled hotel reservations. The amounts of accommodation reservation service revenues recognized on a gross basis were immaterial during the years ended December 31, 2021, 2022 and 2023, respectively.

Transportation ticketing services

Transportation ticketing service revenues mainly represent revenues from ticket reservations and other related services. The Company receives commissions from travel suppliers for ticketing reservations and other related services through the Company’s transaction and service platform under various services agreements. Commissions from ticketing reservations and other related services rendered are recognized when tickets are issued as this is when the Company’s performance obligation is satisfied. The Company is not entitled to a commission fee for the tickets and other related services canceled by the end users. Losses incurred from cancelations are immaterial due to a historical low cancelation rate and minimal administrative costs

incurred in processing cancelations. The Company presents revenues from such transactions on a net basis in the statements of (loss)/income and comprehensive (loss)/income as the Company, generally, does not control the service provided by the travel supplier to the traveler and does not assume

inventory risk for canceled ticketing reservations and other related services. Over 90% of the Company’s transportation ticketing services revenues were recognized on a net basis during the years ended December 31, 2021, 2022 and 2023, respectively.

Packaged tours

The Company receives referral fees from travel product providers for packaged-tour products and services through the Company’s transaction and service platform. Referral fees are recognized on the departure date of the tours as this is when the Company’s performance obligation is satisfied. The

Company presents revenues from such transactions on a net basis in the statements of (loss)/income and comprehensive (loss)/income when the Company does not control the service provided by the travel supplier to the traveler and has no obligations for canceled packaged-tour products

reservations. Over 90% of the Company’s packaged-tour products and services revenues were recognized on a net basis during the years ended December 31, 2021, 2022 and 2023, respectively.

Corporate travel

Corporate travel management revenues primarily include commissions from air ticket booking, hotel reservation and packaged-tour services rendered to corporate clients. The Company contracts with corporate clients based on service fee model. Travel reservations are made via

on-line

and

off-line

services for air tickets, hotel and package-tour. Revenue is recognized on a net basis after the services are rendered and collections are reasonably assured.

Other businesses

Other businesses comprise primarily of online advertising services and financial services.

The Company receives advertising revenues, which principally represent the sale of banners or sponsorship to customers

through

the

Company’s Online Channels

. Advertising revenues are recognized ratably over the fixed term of the agreement as services are provided or upon relevant performance obligations being fulfilled through the display of the advertisements. The financial service revenues mainly represent the service fees from third party financial institutions for the Company’s platform services that are recognized ratably over the service period as well as the interest income from the receivables due from the users that are recognized over the credit period. For the years ended December 31, 2021, 2022 and 2023, there was no service in other businesses that had the revenue exceeding 10% of the total revenue of the Company.

Allowance for expected credit losses

The Company’s accounts receivable, prepayments and other current assets (including the receivables of financial services), due from related parties, long-term prepayments and other assets, and long-term receivables due from related parties are within the scope of ASC Topic 326. The Company has identified the relevant risk characteristics of its customers and the related receivables and prepayments, which include size, type of the reservation services the Company provides to its customers or geographic location of the customer, or a combination of these characteristics. Receivables with similar risk characteristics have been grouped into pools. For each pool, the Company considers the historical credit loss experience, current economic conditions, supportable forecasts of future economic conditions, and any historic recoveries in assessing the lifetime expected credit losses. Other key factors that influence the expected credit loss analysis include customer demographics, payment terms offered in the normal course of business to customers, and industry-specific factors that could impact the credit losses of the Company’s receivables. Additionally, external data and macroeconomic factors are also considered. This is assessed at each quarter based on the Company’s specific facts and circumstances.

Significant judgments and assumptions are required to estimate the allowance for expected credit losses on receivables from and prepayments to customers and such assumptions may change in future periods, particularly the assumptions related to the impact of the

COVID-19

pandemic on the business prospects and financial condition of customers and the Company’s ability to collect the receivable or recover the prepayment. As of December 31, 2022 and 2023, no additional impairment indicators were identified; however, it is possible that the Company may have to record additional significant provisions for expected credit losses in the future.

The following table summarized the details of the Company’s allowance for expected credit losses (RMB in millions):


	2021			2022			2023

Allowance at beginning of year		799			815			770
Deconsolidation of subsidiaries		(1	)		—			—
Provisions for credit losses		141			296			79
Write-offs		(124	)		(341	)		(353	)

Allowance at end of year		815			770			496

Cost of revenues

Cost of revenues consists primarily of payroll compensation of customer service center personnel, credit card service fees, payments to travel suppliers, telecommunication expenses, direct costs of principal travel tour services, depreciation, rentals, direct costs of financial service and related expenses incurred by the Company which are directly attributable to the Company’s user orders and the rendering of travel related services and other businesses.

Product development

Product development expenses primarily include payroll compensation of product development personnel, consulting expenses and other expenses incurred by the Company that are directly attributable to develop the Company’s travel supplier networks as well as to maintain, monitor and manage the Company’s transaction and service platforms. The Company recognizes website, software and mobile applications development costs in accordance with ASC 350-50 “Website development costs” and ASC 350-40 “Software — internal use software” respectively, which are not material. The Company expenses all costs that are incurred in connection with the planning and implementation phases of development. The Company also expenses all costs that are associated with repair or maintenance of the existing websites and mobile applications or the development of software or mobile applications for internal use and websites content.

Sales and marketing

Sales and marketing expenses consist primarily of costs of payroll and related compensation for the Company’s sales and marketing personnel, advertising expenses, and other related marketing and promotion expenses. Advertising expenses, amounting to approximately RMB2.4 billion, RMB2.1 billion and RMB5.3

billion for the years ended December 31, 2021, 2022 and 2023 respectively, are charged to the statements of (loss)/income and comprehensive (loss)/income as incurred.

(Losses)/earnings per share

The Company grants restricted share units (“RSUs”) and share options of the Company to eligible employees. The Company accounts for share-based awards issued to employees in accordance with ASC Topic 718

Compensation – Stock Compensation

. Under ASC 718, the Company measures at the grant date the fair value of the stock-based award and recognize compensation costs, net of estimated forfeitures, on a straight-line basis, over the requisite service period. The Company applies the Black-Scholes valuation model in determining the fair value of options granted. Risk-free interest rates are based on US Treasury yield for the terms consistent with the expected life of award at the time of grant. Expected life is based on historical exercise patterns. Expected dividend yield is determined in view of the Company’s historical dividend payout rate and future business plan. The Company estimates expected volatility at the date of grant based on historical volatilities. The fair values of RSUs are determined with reference to the fair value of the underlying shares. Forfeiture rate is estimated based on historical forfeiture patterns and adjusted to reflect future change in circumstances and facts, if any. If actual forfeitures differ from those estimates, the Company may need to revise those estimates used in subsequent periods.

According to ASC 718, a change in any of the terms or conditions of stock options shall be accounted for as a modification of the plan. Therefore, the Company calculates incremental compensation cost of a modification as the excess of the fair value of the modified option over the fair value of the original option immediately before its terms are modified, measured based on the share price and other pertinent factors at the modification date. For vested options, the Company would recognize incremental compensation cost in the period the modification occurs and for unvested options, the Company would recognize, over the remaining requisite service period, the sum of the incremental compensation cost and the remaining unrecognized compensation cost for the original award on the modification date.

According to ASC 718, the Company classifies certain options or similar instruments as liabilities if the entity can be required under any circumstances to settle the option or similar instrument by transferring cash or other assets and such cash settlement is probable. The percentage of the fair value that is accrued as compensation cost at the end of each period shall equal the percentage of the requisite service that has been rendered at that date. Changes in fair value of the liability classified award that occur during the requisite service period shall be recognized as compensation cost over that period. Changes in fair value that occur after the end of the requisite service period are compensation cost of the period in which the changes occur. Any difference between the amount for which a liability award is settled and its fair value at the settlement date as estimated is an adjustment of compensation cost in the period of settlement.

Share incentive plans (share numbers have reflected the effect of Share Subdivision on March 18, 2021)

In October 2007, the Company adopted a 2007 Share Incentive Plan (“2007 Incentive Plan”). As of December 31, 2022, and 2023, 14,256,667 and 13,150,932 options were outstanding and nil RSUs under the 2007 Incentive Plan.

In June 2017, the Company adopted a Global Share Incentive Plan (“Global Incentive Plan”). The Company granted 15,404,097, 17,311,708 and 12,332,490 new share options and 255,004, 255,000 and nil new RSUs to employees with

4-year

requisite service period for year ended December 31, 2021, 2022 and 2023, respectively.

As of December 31, 2022, and 2023, 63,218,035 and 71,442,044 options and 751,506 and 553,688 RSUs were outstanding under the Global Incentive Plan.

As detailed in Note 2 “basis of presentation”, following the Share Subdivision that became effective on March 18, 2021, each ordinary share was subdivided into eight ordinary shares and each ADS represents one ordinary share. Prior and subsequent to March 18, 2021, one ordinary share was issuable upon the vesting of one outstanding restricted share or the exercise of one outstanding share option, respectively. Therefore, following the Share Subdivision, each share option and restricted share is subdivided into eight share options and eight restricted shares, and the weighted average grant date fair value per restricted share and the weighted average exercise price per share option are diluted by eight times. The number of restricted shares and share options, the weighted average grant date fair value per restricted share and the weighted average exercise price per share option has been retrospectively adjusted for the Share Subdivision in the following tables. The Share Subdivision does not have any impact on the compensation cost of the Company.

The following table summarized the Company’s share option activity under all the option plans (in US$, except for shares):


	Number of Shares (Note i)			Weighted Average Exercise Price (Note i)		Weighted Average Remaining Contractual Life (Years) (Note i)		Aggregate Intrinsic Value (in millions) (Note i)
Outstanding at December 31, 2020		57,583,856			22.55		5.16		704

Granted		15,404,097			18.46
Exercised		(5,106,035	)		9.32
Forfeited		(1,800,799	)		7.9

Outstanding at December 31, 2021		66,081,119			23.02		5.42		398

Granted		17,311,708			14.15
Exercised		(4,493,648	)		5.70
Forfeited		(1,424,477	)		10.80

Outstanding at December 31, 2022		77,474,702			22.26		5.01		995

Granted		12,332,490			18.82
Exercised		(4,590,690	)		12.18
Forfeited		(623,526	)		12.57

Outstanding at December 31, 2023		84,592,976			22.38		4.70		1,195

Vested and expect to vest at December 31, 2023		81,777,561			22.53		4.65		1,144
Exercisable at December 31, 2023		49,400,288			25.44		3.68		564

Note i: The number of restricted shares and weighted average exercise price have been retrospectively adjusted for the Share Subdivision that became effective on March 18, 2021 (Note 2)

The Company’s current practice is to issue new shares to satisfy share option exercises.

The

expected-to-vest

options are the result of applying the

pre-vesting

forfeiture rate assumptions of 8% to total unvested options.

The aggregate intrinsic value in the table above represents the total intrinsic value (the aggregate difference between the Company’s closing stock price at each reporting date and the exercise price for

in-the-money

options) that would have been received by the option holders if all

in-the-money

options had been exercised at each reporting date.

The total intrinsic value of options exercised during the years ended December 31, 2021, 2022 and 2023 were US$128 million US$90 million and US$114 million, respectively.

The weighted average fair value of options granted after Share Subdivision during the years ended December 31, 2021, 2022 and 2023 was US$19.94, US$10.14 and US$25.61 per share, respectively.

As of December 31, 2023, there was US$396 million of total unrecognized compensation cost, net of estimated forfeitures, related to unvested share options which are expected to be recognized over a weighted average period of 2.3 year. Total unrecognized compensation cost may be adjusted for future changes in estimated forfeitures. Total cash received from the exercise of share options amounted to RMB307 million, RMB179 million and RMB399 million for the years ended December 31, 2021, 2022 and 2023, respectively.

The Company calculated the estimated fair value of share options on the date of grant using the Black-Scholes pricing model with the following assumptions:


	2021	2022	2023
Risk-free interest rate	0.21%-1.18%	1.55%-4.45%	3.60%-4.72%
Expected life (years)	4 – 5	4 – 5	4 – 5
Expected dividend yield	0%	0%	0%
Volatility	39%-43%	41%-49%	48%-49%
Fair value of options at grant date per share	from US$8.61 to US$39.17	from US$7.44 to US$24.58	from US$16.08 to US$36.51

The following table summarizes the Company’s RSUs activities under all incentive plans (in US$, except for shares):


	Number of Shares (Note i)			Weighted average grant date fair value (US$) (Note i)
Restricted shares

Unvested at December 31, 2020		934,512			33.79

Granted		255,004			31.35
Vested		(215,484	)		37.26
Forfeited		(104,412	)		30.12

Unvested at December 31, 2021		869,620			32.65

Granted		255,000			24.67
Vested		(243,625	)		36.15
Forfeited		(129,489	)		33.92

Unvested at December 31, 2022		751,506			28.59

Vested		(197,250	)		30.51
Forfeited		(568	)		29.03

Unvested at December 31, 2023		553,688			27.90

Note i: The number of restricted shares and weighted average grant date fair value have been retrospectively adjusted for the Share Subdivision that became effective on March 18, 2021 (Note 2).

As of December 31, 2023, there was US$7 million unrecognized compensation cost, net of estimated forfeitures, related to unvested restricted shares, which are to be recognized over a weighted average vesting period of 1.1 years. Total unrecognized compensation cost may be adjusted for future changes in estimated forfeitures. The Company determined the fair value of RSUs based on its stock price on the date of grant.

Leases

The Company applies ASC 842, Leases, and determines if an arrangement is a lease at inception. Operating leases are primarily for office and operation space and are included in

right-of-use

(“ROU”) assets, other payables and accruals and long-term lease liabilities on its consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent its obligation to make lease payments arising from the lease. The operating lease ROU assets and liabilities are recognized at lease commencement date based on the present value of lease payments over the lease term. As most of the Company’s leases do not provide an implicit rate, the Company uses its incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments. The operating lease ROU asset also includes any lease payments made and excludes lease incentives. The Company’s lease terms may include options to extend or terminate the lease. Renewal options are considered within the ROU assets and lease liability when it is reasonably certain that the Company will exercise that option. Lease expense for lease payments is recognized on a straight-line basis over the lease term.

For operating leases with a term of one year or less, the Company has elected not to recognize a lease liability or ROU asset on its consolidated balance sheet. Instead, it recognizes the lease payments as expense on a straight-line basis over the lease term. Short-term lease costs are immaterial to its consolidated statements of (loss)/income and comprehensive (loss)/income and cash flows. The Company has operating lease agreements with insignificant non-lease components and have elected the practical expedient to combine and account for lease and non-lease components as a single lease component.

Taxation

Current income taxes are provided on the basis of net income for financial reporting purposes, adjusted for income and expense items which are not assessable or deductible for income tax purposes, in accordance with the regulations of the relevant tax jurisdictions. Deferred income taxes are provided using the balance sheet liability method. Under this method, deferred income taxes are recognized for the tax consequences of significant temporary differences by applying enacted statutory rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The tax base of an asset or liability is the amount attributed to that asset or liability for tax purposes. The effect on deferred taxes of a change in tax rates is recognized in income in the period enacted. A valuation allowance is provided to reduce the amount of deferred tax assets if it is considered unlikely that some portion of, or all of, the deferred tax assets will not be realized.

The Company applies ASC 740, “Income Taxes”. It clarifies the accounting for uncertainty in income taxes recognized in the Company’s consolidated financial statements and prescribes a more likely than not threshold for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. It also provides guidance on derecognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, accounting for income taxes in interim periods, and income tax disclosures.

Other income/ (expense)

Other income/(expense)

Other income/(expense) consists of financial subsidies and investment income/(loss). Financial subsidies primarily relate to the

non-recurring

grants by central and local governments of China. The Company recognizes the income when the grants are received and no further conditions need to be met. Components of other income/(expense) were as follows (RMB in millions):


	2021			2022			2023

Government grants		550			618			608
Gain on disposal of long-term investments (Note 7)		63			23			11
Foreign exchange gains/(losses)		1			(69	)		29
Gain from the fair value remeasurement upon the discontinuance of the equity method of the investment(a)		—			1,135			—
Dividend from long-term investments		—			53			177
Impairments of long-term investments(b)		(96	)		(949	)		(115	)
Fair value changes of equity securities investments and Exchangeable Senior Notes		(170	)		1,338			(1,507	)
Others		25			(134	)		130

Total		373			2,015			(667	)

(a)

(b)

In 2022 and 2023, the Company recorded a RMB906 and RMB115 million impairment loss for certain redeemable preferred shares investments which

are

accounted for as

available-for-sale

debt

securitie

(Note 7).

Statutory reserves

The Company’s PRC subsidiaries and VIEs are required to allocate at least 10% of their

after-tax

profit

determined based on

the PRC accounting standards and regulations

to the general reserve

. The allocation to the general reserve will cease if such reserve has reached to 50% of the registered capital of respective company. Appropriations to discretionary surplus reserve are at the discretion of the board of directors of subsidiaries and VIEs. These reserves can only be used for specific purposes and are not transferable to the Company in form of loans, advances, or cash dividends. There is no such regulation of providing statutory reserve in Hong Kong

and other countries or regions.

Dividends

Dividends are recognized when declared.

PRC regulations currently permit payment of dividends only out of accumulated profits determined

based on the

PRC accounting standards and regulations. The Company’s PRC subsidiaries can only distribute dividends after they have met the PRC requirements for appropriation to statutory reserves. Additionally, as the Company does not have any direct ownership in the VIEs, the VIEs cannot directly distribute dividends to the Company. The PRC government imposes control over its foreign currency reserves in part through direct regulation of the conversion of RMB into foreign exchange and through restrictions on foreign trade. As the majority of the Company’s revenues are in RMB, any restrictions on currency exchange may limit the Company’s ability to use revenue generated in RMB to fund the Company’s business activities outside China or to make dividend payments in U.S. dollars. However, the Company believes the restrictions on currency exchange imposed by the PRC foreign exchange regulations and enforced by the PRC State Administration of Foreign Exchange (“SAFE”) do not constitute the “restrictions” under Rule

4-08(e)(3)

under Regulation

S-X,

because such restrictions in substance do not prohibit the Company’s subsidiaries or VIEs from transferring net assets to the Company in the combined forms of loans, advances and cash dividends without the consent of SAFE, provided that certain procedural formalities should be complied with. As of December 31, 2023, the restricted net assets of the Company’s PRC subsidiaries and VIEs not distributable in the form of dividends to the parent as a result of the aforesaid PRC regulations and other restrictions were RMB7.6

billion.

a result of the aforementioned PRC regulation and the Company’s organizational structure, accumulated profits of the subsidiaries in PRC distributable in the form of dividends to the parent as of December 31, 2021, 2022 and 2023 were RMB28.4 billion, RMB32.0 billion and RMB32.8 billion, respectively. The Company’s PRC subsidiaries and VIEs are able to enter into royalty and trademark license agreements or certain other contractual arrangements at the sole discretion of the Company, for which the compensatory element of the arrangement is deducted from the accumulated

profits.

In November 2023, the Company adopted a regular capital return policy to benefit the shareholders of the Company in the form of share repurchases, cash dividends, or a combination thereof, commencing from the year of 2024. Under the policy, the Company reserves the discretion relating to the determination of the form, timing, and amount of the capital return measures, depending on the Company’s financial condition, results of operations, cash flow, capital requirements, and other relevant factors.

dividends have been paid or declared by the Company during the years ended December 31, 2021,

2022

and 2023.

In accordance with

“Computation of Earnings Per Share”

, basic earnings per share is computed by dividing net income attributable to common shareholders by the weighted average number of common shares outstanding during the year. Diluted earnings per share is calculated by dividing net income attributable to common shareholders as adjusted for the effect of dilutive ordinary equivalent shares, if any, by the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the year. Dilutive ordinary equivalent shares consist of ordinary shares issuable upon the exercise of outstanding share options (using the treasury stock method). Vested but unexercised stock options with exercise prices that represent little or no consideration are included in the weighted average shares outstanding in the basic earnings per share calculation.

If the number of common shares outstanding increases as a result of a stock dividend or stock split or decreases as a result of a reverse stock split, the computations of basic and diluted EPS shall be adjusted retroactively for all periods presented to reflect that change in capital structure. If changes in common stock resulting from stock dividends, stock splits, or reverse stock splits occur after the close of the period but before the financial statements are issued or are available to be issued, the

per-share

computations for those and any prior-period financial statements presented shall be based on the new number of shares.

On March 18, 2021, the Company effected a share split by

one-to-eight

subdivision of shares (“Share Subdivision”) and a change in the ADS ratio proportionate to the Share Subdivision from eight (8) ADSs representing one (1) ordinary share to one (1) ADS representing one (1) ordinary share. The basic and diluted EPS are adjusted retroactively for all periods presented to reflect these changes.

Treasury stock

In 2023, the Company purchased 6.8 million ADSs in aggregate with a total gross consideration of US$224

million pursuant to its existing plan adopted in 2014. The share-repurchase programs do not require the Company to acquire a specific number of shares and may be suspended or discontinued at any time.

Treasury stock is accounted for under the cost method. Under this method, the cost incurred to purchase the shares is recorded in “Treasury stock” on the consolidated balance sheets.

Segment reporting

The Company operates and manages its business as a single segment. Resources are allocated and performance is assessed by the CEO, who is determined to be the Chief Operating Decision Maker (CODM). Since the Company operates in one reportable segment, all financial and product information required can be found in the consolidated financial statements.

The Company primarily generates its revenues from the Greater China Area, for geographic information, please refer to Note 2

Recently Accounting Pronouncements

Recent Accounting Pronouncements

In May 2021, the FASB issued ASU

No. 2021-04,

Earnings Per Share (Topic 260), Debt — Modifications and Extinguishments (Subtopic

470-50),

Compensation — Stock Compensation (Topic 718), and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic

815-40)

to clarify and reduce diversity in an issuer’s accounting for modifications or exchanges of freestanding equity classified written call options (for example, warrants) that remain equity classified after modification or exchange. The amendments in this update are effective for all entities for fiscal years beginning after December 15, 2021, including interim periods within those fiscal years. An entity should apply the amendments prospectively to modifications or exchanges occurring on or after the effective date of the amendments. The Company adopted this update in the first quarter of 2022 and the adoption did not have a material impact to the Company’s Consolidated Financial Statements.

In October 2021, the FASB issued ASU

No. 2021-08,

Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU

2021-08),

which clarifies that an acquirer of a business should recognize and measure contract assets and contract liabilities in a business combination in accordance with Topic 606, Revenue from Contracts with Customers. The new amendments are effective for us are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. The amendments should be applied prospectively to business combinations occurring on or after the effective date of the amendments, with early adoption permitted. The Company adopted this update in the first quarter of 2023 and the adoption did not have a material impact to the Company’s Consolidated Financial Statements.

In March 2022, the FASB issued ASU

2022-02,

Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance for troubled debt restructurings by creditors that have adopted ASU

2016-13,

Measurement of Credit Losses on Financial Instruments, which the Company adopted on January 1, 2020. This ASU also enhances the disclosure requirements for certain loan refinancing and restructurings by creditors when a borrower is experiencing financial difficulty. In addition, the ASU amends the guidance on vintage disclosures to require entities to disclose current period gross write-offs by year of origination for financing receivables and net investments in leases within the scope of ASC

326-20.

The ASU is effective for annual periods beginning after December 15, 2022, including interim periods within those fiscal years. Adoption of the ASU would be applied prospectively. Early adoption is also permitted, including adoption in an interim period. The Company adopted this update in the first quarter of 2023 and does not expect the adoption to have a material impact to the Company’s Consolidated Financial Statements.

In June 2022, the FASB issued ASU

2022-03

Fair Value Measurement (Topic 820): Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions. The update clarifies that a contractual restriction on the sale of an equity security is not considered part of the unit of account of the equity security and, therefore, is not considered in measuring fair value. The update also clarifies that an entity cannot, as a separate unit of account, recognize and measure a contractual sale restriction. The update also requires certain additional disclosures for equity securities subject to contractual sale restrictions. The amendments in this update are effective for the Company beginning January 1, 2024 on a prospective basis. Early adoption is permitted for both interim and annual financial statements that have not yet been issued or made available for issuance. The Company will adopt this update in the first quarter of 2024 and does not expect the adoption to have a material impact to the Company’s Consolidated Financial Statements.

In November 2023, the FASB issued ASU No. 2023-07, Improvements to Reportable Segment Disclosures (Topic 280). This ASU updates reportable segment disclosure requirements by requiring disclosures of significant reportable segment expenses that are regularly provided to the Chief Operating Decision Maker (“CODM”) and included within each reported measure of a segment’s profit or loss. This ASU also requires disclosure of the title and position of the individual identified as the CODM and an explanation of how the CODM uses the reported measures of a segment’s profit or loss in assessing segment performance and deciding how to allocate resources. The ASU is effective for annual periods beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15, 2024. Adoption of the ASU should be applied retrospectively to all prior periods presented in the financial statements. Early adoption is also permitted. This ASU will likely result in the Company including the additional required disclosures when adopted. The Company is in the process of evaluating the impact of the new guidance on its consolidated financial statement and expect to adopt them for the year ending December 31, 2024.

In December 2023, the FASB issued ASU No. 2023-08, Accounting for and Disclosure of Crypto Assets (Subtopic 350-60). This ASU requires certain crypto assets to be measured at fair value separately in the balance sheet and income statement each reporting period. This ASU also enhances the other intangible asset disclosure requirements by requiring the name, cost basis, fair value, and number of units for each significant crypto holding. The ASU is effective for annual periods beginning after December 15, 2024, including interim periods within those fiscal years. Adoption of the ASU requires a cumulative-effect adjustment to the opening balance of retained earnings as of the beginning of the annual reporting period in which an entity adopts the amendments. Early adoption is also permitted, including adoption in an interim period. However, if the ASU is early adopted in an interim period, an entity must adopt the ASU as of the beginning of the fiscal year that includes the interim period. This ASU will result in gains and losses recorded in the consolidated financial statements of (loss)/income and comprehensive (loss)/income and additional disclosures when adopted. The Company is in the process of evaluating the impact of the new guidance on its consolidated financial statement.

In December 2023, the FASB issued ASU No. 2023-09, Improvements to Income Tax Disclosures (Topic 740). The ASU requires disaggregated information about a reporting entity’s effective tax rate reconciliation as well as additional information on income taxes paid. The ASU is effective on a prospective basis for annual periods beginning after December 15, 2024. Early adoption is also permitted for annual financial statements that have not yet been issued or made available for issuance. The Company is in the process of evaluating the impact of the new guidance on its consolidated financial statement.

Certain risks and concentration

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents, restricted cash, short-term investments, accounts receivable, amounts due from related parties, prepayments and other current assets. As of December 31, 2022 and 2023, substantially all of the Company’s cash and cash equivalents, restricted cash and short-term investments were held in major financial institutions located in the PRC and in Hong Kong, which management considers to be of high credit quality based on their credit ratings. Accounts receivable are generally unsecured and denominated in RMB, and are derived from revenues earned from operations arising primarily in the PRC.

No individual customer accounted for more than 10% of net revenues for the years ended December 31, 2021, 2022 and 2023. No individual customer accounted for more than 10% of accounts receivable as of December 31, 2022 and 2023.

Impact of

COVID-19

The COVID-19 pandemic, since its outset in 2020, and the resulting implementation of travel restrictions by governments around the world resulted in a significant decline in travel activities and consumer demand for travel related services. The Company’s businesses, results of operation, financial positions and cash flows have been materially and adversely affected by the

COVID-19

pandemic, during 2020 to 2022 in particular.

Starting in December 2022, most of the travel restrictions and quarantine requirements in China were lifted. Since the beginning of 2023, the situation has been significantly improved and normalized. As a result, it has been witnessed a significant recovery. Although the Company has substantially recovered from the adverse impact of the COVID-19 pandemic, there can be no assurance as to whether any other pandemic, epidemic, or fear of spread of contagious disease could disrupt the travel industry and our operations.

GOODWILL

12 Months Ended

Dec. 31, 2023

GOODWILL

GOODWILL

Goodwill, which is not tax deductible, represents the synergy effects of the business combinations. The changes in the carrying amount of goodwill for the years ended December 31, 2022 and 2023 were as follows (RMB in millions):


	2022			2023
Balance at beginning of year		59,353			59,337
Disposals and immaterial others		(16	)		35

Balance at end of year		59,337			59,372

Goodwill resulting from the business combinations has been allocated to the single reporting unit of the Company. For the years ended December 31, 2021, 2022 and 2023, the Company performed a qualitative assessment by evaluating relevant events and circumstances that would affect the Company’s single reporting unit and did not note any indicator that it is more likely than not that the fair value of the Company’s reporting unit is less than its carrying amount, and therefore the Company’s goodwill was not impaired. As of December 31, 2023, there had not been any accumulated goodwill impairment provided.

TAXATION - Income tax expense (Details) ¥ in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 CNY (¥)
TAXATION
Current income tax expense	¥ 2,511		¥ 387	¥ 607
Deferred tax (benefit)/expense	(761)	$ (107)	295	(337)
Income tax expense	¥ 1,750	$ 246	¥ 682	¥ 270

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

Schedule of income/(loss) from domestic and foreign components before income tax expenses

PRINCIPAL ACCOUNTING POLICIES - Share incentive plans (Details)		12 Months Ended
	Mar. 18, 2021	Dec. 31, 2023 shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares	Dec. 31, 2020 shares
Share-based compensation disclosures
Number of options granted under share incentive plan		12,332,490	17,311,708	15,404,097
Number of option outstanding under share incentive plans (in shares)		84,592,976	77,474,702	66,081,119	57,583,856
Share subdivision ratio	8
Share based payment award number of common stock issuable on vesting of outstanding stock option ratio	1
Share based payment award number of common stock issuable on vesting of outstanding restricted stock ratio	1
Share based payment award stock options subdivision conversion ratio	8
Share Based Payment Award Restricted Stock Shares Subdivision Conversion Ratio	8
Before Share Subdivision
Share-based compensation disclosures
Ratio of ADSs to ordinary shares	1
Restricted stock units (RSUs) \| Employees
Share-based compensation disclosures
Requisite service period		4 years	4 years	4 years
Ctrip 2007 Incentive Plan \| Stock options \| Employees \| After Share Subdivision
Share-based compensation disclosures
Number of option outstanding under share incentive plans (in shares)		13,150,932	14,256,667
Ctrip 2007 Incentive Plan \| Restricted stock units (RSUs) \| Employees \| After Share Subdivision
Share-based compensation disclosures
Restricted stock units outstanding (in shares)		0	0
Global Incentive Plan \| Stock options \| Employees \| After Share Subdivision
Share-based compensation disclosures
Number of options granted under share incentive plan		12,332,490	17,311,708	15,404,097
Number of option outstanding under share incentive plans (in shares)		71,442,044	63,218,035
Global Incentive Plan \| Restricted stock units (RSUs) \| Employees \| After Share Subdivision
Share-based compensation disclosures
Number of options granted under share incentive plan		0	255,000	255,004
Restricted stock units outstanding (in shares)		553,688	751,506

PRINCIPAL ACCOUNTING POLICIES - Sales and marketing (Details) - CNY (¥) ¥ in Billions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Sales and marketing
Advertising expenses	¥ 5.3	¥ 2.1	¥ 2.4

LAND USE RIGHTS (Details) - CNY (¥) ¥ in Millions	12 Months Ended
LAND USE RIGHTS (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Minimum
Intangible assets
Useful life	3 years
Maximum
Intangible assets
Useful life	15 years
Land use rights
Intangible assets
Amortization expense	¥ 3	¥ 3	¥ 3
Net book value	¥ 80	¥ 83
Land use rights \| Minimum
Intangible assets
Useful life	40 years
Land use rights \| Maximum
Intangible assets
Useful life	50 years

PREPAYMENTS AND OTHER CURRENT ASSETS (Details) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
PREPAYMENTS AND OTHER CURRENT ASSETS
Prepayments and other deposits	¥ 6,919		¥ 5,019
Receivable related to financial services (Note 2)	4,193		3,403
Interest receivables	514		759
Prepaid expenses	168		240
Others	955		748
Total	¥ 12,749	$ 1,797	¥ 10,169

TAXATION (Tables)

12 Months Ended

Dec. 31, 2023

Income/(loss) from domestic and foreign components before income tax expenses and equity in (loss)/income of affiliates (RMB in millions):


	2021			2022			2023
Domestic		2,615			3,501			13,368
Foreign		(3,086	)		(866	)		(2,688	)

Total		(471	)		2,635			10,680

Schedule of composition of income tax expense

The current and deferred portion of income tax expense were as follows (RMB in millions):


	2021			2022		2023


Current income tax expense		607			387		2,511
Deferred tax (benefit)/expense		(337	)		295		(761	)

Income tax expense		270			682		1,750

Schedule of reconciliation of the differences between statutory tax rate and the effective tax rate

The reconciliation between 25% which is the PRC statutory tax rate and the Company’s effective tax rate were as follows:


	2021			2022			2023

Statutory tax rate		25	%		25	%		25	%
Non-deductible expenses and non-taxable income incurred
— Share-based compensation expenses		(89	%)		6	%		2	%
— Change in fair value of equity securities investments and exchangeable senior notes		(21	%)		(22	%)		3	%
— Others		1	%		(2	%)		(2	% )
R&D expense super deduction		65	%		(16	%)		(6	% )
Effect of preferential tax treatments inside mainland China		75	%		(7	%)		(10	% )
Difference in tax rates of subsidiaries outside mainland China		(37	%)		19	%		1	%
Changes in valuation allowance		(76	%)		23	%		(5	% )
Withholding tax on the earnings distributed and anticipated to be remitted		—			—			8	%

Effective EIT rate		(57	%)		26	%		16	%

Schedule of effect of preferential tax treatments

The following table sets forth the effect of preferential tax treatments on China operations:


	2021		2022		2023

	RMB (in millions, except per share data)


Preferential tax treatments effect		359		183		826
Basic net income per ADS effect		0.57		0.28		1.27
Diluted net income per ADS effect		0.57		0.28		1.23

Schedule of significant components of deferred tax assets and liabilities

Significant components of deferred tax assets and liabilities were as follows (RMB in millions):


	2022			2023
Deferred tax assets
Accrued expenses		893			1,044
Loss carry forwards		1,646			1,406
Accrued liability for rewards programs		56			177
Accrued staff related expenses		42			395
Others		200			476
Less: Valuation allowance of deferred tax assets		(1,513	)		(922	)

		1,324			2,576
Deferred tax liabilities:
Recognition of intangible assets arise from business combinations and unrealized holding gain		(3,487	)		(3,350	)
Withholding tax on undistributed earnings		—			(475	)

Net deferred tax liabilities		(2,163	)		(1,249	)

Schedule of movement of valuation allowances

Movement of valuation allowances were as follows (RMB in millions):


	2021		2022		2023



Balance at beginning of year		589		892		1,513
Changes in current year		303		621		(591	)

Balance at end of year		892		1,513		922

Subsidiaries

Schedule of reconciliation of the differences between statutory tax rate and the effective tax rate

The impacts on effective tax rates from the Company’s subsidiaries with different tax rates of subsidiaries outside mainland China and preferential tax treatments are as follows:


		2021			2022			2023
Ctrip Computer Technology	15%		31.9	%		(2.7	%)		(3.1	% )
Ctrip Travel Information	15%		(4.1	%)		0.2	%		(0.1	% )
Ctrip Travel Network	15%		16.0	%		(2.7	%)		(3.2	% )
Chengdu Information	15%		7.3	%		(0.8	%)		(0.8	% )
Beijing Hujinxinrong Technology Co., Ltd	15%		14.3	%		(2.2	%)		(0.7	% )
The Company and its subsidiaries in Hong Kong, Singapore, UK and Cayman Islands	0%-23.5%		(38.8	%)		19.6	%		1.4	%
Qunar and subsidiaries	15%		6.6	%		(0.2	%)		(1.6	% )
Others	various		4.8	%		0.8	%		(0.9	% )

Total			38.0	%		12.0	%		(9.0	% )

PRINCIPAL ACCOUNTING POLICIES

12 Months Ended

Dec. 31, 2023

PRINCIPAL ACCOUNTING POLICIES

PRINCIPAL ACCOUNTING POLICIES

2.	PRINCIPAL ACCOUNTING POLICIES

Basis of presentation

The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).

The preparation of financial statements in conformity with U.S. GAAP requires management

make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets

and

liabilities at the balance sheet dates and the reported amounts of revenues and expenses during the reporting periods. Actual results could materially differ from those estimates.

Consolidation

The following is a summary of the Company’s major VIEs and VIEs’ subsidiaries:


Name of major VIEs and their major subsidiaries		Date of establishment/acquisition

Shanghai Ctrip Commerce Co., Ltd., (“Ctrip Commerce”)		Established on July 18, 2000

Shanghai Huacheng Southwest International Travel Agency Co., Ltd., (“Shanghai Huacheng”, a subsidiary of Ctrip Commerce)		Established on March 13, 2001

Chengdu Ctrip Travel Agency Co., Ltd., (“Chengdu Ctrip”)		Established on January 8, 2007

Beijing Qu Na Information Technology Co., Ltd., (“Qunar Beijing”)		Established on March 17, 2006

The Company is considered the primary beneficiary of each of the VIEs and

the

VIEs’ subsidiaries, as defined above, and has consolidated the financial statements of each under U.S. GAAP.

Major variable interest entities and their subsidiaries

air-ticketing

of the Company’s employees and one of the Company’s senior consultant collectively hold

100%

of the equity interest in Ctrip Commerce. The registered capital of Ctrip Commerce was

RMB900,000,000 as of December 31, 2023.

air-ticketing

services. Ctrip Commerce holds 100% of the equity interest in Shanghai Huacheng. The registered capital of Shanghai Huacheng was RMB100,000,000 as of December 31, 2023.

Chengdu Ctrip is a domestic company incorporated in Chengdu, the PRC. Chengdu Ctrip holds a domestic travel agency license and is engaged in the provision of

air-ticketing

service. One

of the Company’s employees and one of the Company’s senior consultant hold

100% of the equity interest in Chengdu Ctrip. The registered capital of Chengdu Ctrip was RMB500,000,000 as of December 31, 2023.

Qunar Beijing is a domestic company incorporated in Beijing, the PRC. Qunar Beijing holds various licenses for domestic and cross-border business of Qunar. Two

employees

of the Company hold 100% of the equity interest in Qunar Beijing. The registered capital of Qunar Beijing was RMB11,000,000 as of December 31, 2023.

Details of certain key agreements with the major VIEs are as follows:

Powers of Attorney:

attorney-in-fact

Technical Consulting and Services Agreements:

years and may be renewed automatically in

10-year

terms unless the Company disapprove the extension. The Company retains the exclusive right to terminate the agreements at any time by delivering a

30-day

advance written notice to the applicable VIE.

Equity Pledge Agreements:

Loan Ag

ements:

years and may be renewed automatically in

10-

year

Exclusive Option Agreements:

years and may be renewed automatically in

10-

year

days’ prior written notice. This agreement is valid and binding on the parties, their successors and permitted assignees.

day-to-day

operations, financial management systems and the appointment and dismissal of key employees.

Risks in relation to contractual arrangements between the Company’s PRC subsidiaries and VIEs:

In March 2019, the draft Foreign Investment Law was submitted to the National People’s Congress for review and was approved on March 15, 2019, which came into effect from January 1, 2020.

Summary financial information of the Company’s VIEs in the consolidated financial statements


	As of December 31,
	2022			2023
Selected Balance Sheets Data of the VIEs
Cash and cash equivalents		2,891			2,825
Restricted cash		449			533
Short-term investments		2,643			197
Accounts receivable, net		606			1,363
Prepayments and other current assets		2,375			2,076
Investments (non-current)		2,121			2,998
Total assets		17,480			18,085
Less: Inter-company receivabl es (Note i)		(4,852	)		(6,699	)
Total assets excluding inter-company receivables		12,628			11,386
Short-term debt and current portion of long-term debt		5,215			3,245
Accounts payable		1,497			2,964
Advances from customers		1,212			1,637
Other payables and accruals		2,095			2,162
Total liabilities		15,558			16,571
Less: Inter-company payabl es (Note ii)		(5,150	)		(5,934	)
Total liabilities excluding inter-company payables		10,408			10,637

Note ii: The inter-company payables as of December 31, 2022 and 2023 mainly represented payables of VIEs due to the Company’s wholly-owned subsidiaries for treasury cash management purpose.

The following table set forth the summary of results of operations of the VIEs and their subsidiaries of the Company (RMB in millions):


	For the years ended December 31,
	2021			2022			2023

Net revenues		6,035			4,335			10,050
Cost of revenues		2,557			2,292			5,118
Net loss		(119	)		(495	)		(945	)

Net revenues from VIEs accounted for around 30%, 22% and 23% of the Company’s net revenues for the year ended December 31, 2021, 2022 and 2023, respectively.

The following tables set forth the summary of cash flow activities of the VIEs and their subsidiaries of the Company (RMB in millions):


	For the year ended December 31,
	2021			2022			2023
Net cash provided by/(used in) operating activities		1,271			(1,677	)		1,092
Net cash provided by investing activities		618			4,317			109
Net cash used in financing activities		(1,566	)		(6,957	)		(1,182	)

Foreign currencies

non-RMB

Translations of amounts from RMB into US$ are unaudited and solely for the convenience of the reader and were calculated at the rate of

US$1.00 = RMB7.0999

Cash and cash equivalents

Restricted cash

Short-term investments

Short-term investments represent i)

held-to-maturity

Derivative Instruments

As of December 31, 2022 and 2023, and for the years ended December 31, 2021, 2022 and 2023, the balance of the derivative instruments and the total amount of fair value changes are not material.

Installment credit and nonrecourse securitization debt

reported in “short-term debt and current portion of long-term debt” (Note 12) or “long-term debt” (Note 17) according to the expected repayment dates of the debt securities.

As of December 31, 2022, and 2023, out of the total receivables due from the users, the collateralized receivable for the debt securities were RMB0.1 billion and RMB1.1 billion, respectively, and the

non-collateralized

receivable (receivables which have not been transferred to the securitization vehicle) were RMB3.5 billion and RMB3.1 billion, respectively.

As of December 31, 2022, and 2023, the balance of allowance for expected credit losses for the receivable

due from the users

Land use rights

Property, equipment and software


Building		30-40 years
Leasehold improvements		Lesser of the term of the lease or the estimated useful lives of the assets
Website-related equipment		3-5 years
Computer equipment		3-5 years
Furniture and fixtures		3-5 years
Software		3-5 years

The Company recognizes the disposal of Property, equipment and software in general and administrative expenses.

Investments

available-for-sale

debt securities.

in-substance

From January 1, 2021, the Company adopted Accounting Standards Update

No. 2020-01,

Debt securities that the Company has positive intent and ability to hold to maturity are classified as held to maturity debt securities and are stated at amortized cost.

Fair value measurement of financial instruments

The Company measures its financial assets and liabilities using inputs from the following three levels of the fair value hierarchy. The three levels are as follows:

Level 1 inputs are unadjusted quoted prices in active markets for identical assets that the management has the ability to access at the measurement date.

Business combination

non-controlling

interests. The excess of the (i) the total of cost of acquisition, fair value of the

non-controlling

Acquisitions

10.0

million and RMB2.6 million respectively.

Goodwill and other intangible assets

was no impairment of goodwill.

Separately identifiable intangible assets that have determinable lives continue to be amortized and consist primarily of

non-compete

three

The Company reviews intangible assets with indefinite lives annually for impairment or earlier, if an indication of impairment exists.

No impairment on other intangible assets was recognized for the years ended December 31, 2021, 2022 and 2023, respectively.

Impairment of long-lived assets

Long-lived

Accrued liability for rewards program

Deferred revenue

check-out

Revenue recognition

pre-purchasing

inventories.

Accommodation reservation services

non-cancelable

Transportation ticketing services

Packaged tours

reservations. Over 90% of the Company’s packaged-tour products and services revenues were recognized on a net basis during the years ended December 31, 2021, 2022 and 2023, respectively.

Corporate travel

on-line

and

off-line

services for air tickets, hotel and package-tour. Revenue is recognized on a net basis after the services are rendered and collections are reasonably assured.

Other businesses

Other businesses comprise primarily of online advertising services and financial services.

The Company receives advertising revenues, which principally represent the sale of banners or sponsorship to customers

through

the

Company’s Online Channels

Allowance for expected credit losses

COVID-19

The following table summarized the details of the Company’s allowance for expected credit losses (RMB in millions):


	2021			2022			2023

Allowance at beginning of year		799			815			770
Deconsolidation of subsidiaries		(1	)		—			—
Provisions for credit losses		141			296			79
Write-offs		(124	)		(341	)		(353	)

Allowance at end of year		815			770			496

Cost of revenues

Product development

Sales and marketing

billion for the years ended December 31, 2021, 2022 and 2023 respectively, are charged to the statements of (loss)/income and comprehensive (loss)/income as incurred.

Share-based compensation

Compensation – Stock Compensation

Share incentive plans (share numbers have reflected the effect of Share Subdivision on March 18, 2021)

4-year

requisite service period for year ended December 31, 2021, 2022 and 2023, respectively.

As of December 31, 2022, and 2023, 63,218,035 and 71,442,044 options and 751,506 and 553,688 RSUs were outstanding under the Global Incentive Plan.

The following table summarized the Company’s share option activity under all the option plans (in US$, except for shares):


	Number of Shares (Note i)			Weighted Average Exercise Price (Note i)		Weighted Average Remaining Contractual Life (Years) (Note i)		Aggregate Intrinsic Value (in millions) (Note i)
Outstanding at December 31, 2020		57,583,856			22.55		5.16		704

Granted		15,404,097			18.46
Exercised		(5,106,035	)		9.32
Forfeited		(1,800,799	)		7.9

Outstanding at December 31, 2021		66,081,119			23.02		5.42		398

Granted		17,311,708			14.15
Exercised		(4,493,648	)		5.70
Forfeited		(1,424,477	)		10.80

Outstanding at December 31, 2022		77,474,702			22.26		5.01		995

Granted		12,332,490			18.82
Exercised		(4,590,690	)		12.18
Forfeited		(623,526	)		12.57

Outstanding at December 31, 2023		84,592,976			22.38		4.70		1,195

Vested and expect to vest at December 31, 2023		81,777,561			22.53		4.65		1,144
Exercisable at December 31, 2023		49,400,288			25.44		3.68		564

Note i: The number of restricted shares and weighted average exercise price have been retrospectively adjusted for the Share Subdivision that became effective on March 18, 2021 (Note 2)

The Company’s current practice is to issue new shares to satisfy share option exercises.

The

expected-to-vest

options are the result of applying the

pre-vesting

forfeiture rate assumptions of 8% to total unvested options.

in-the-money

options) that would have been received by the option holders if all

in-the-money

options had been exercised at each reporting date.

The total intrinsic value of options exercised during the years ended December 31, 2021, 2022 and 2023 were US$128 million US$90 million and US$114 million, respectively.

The weighted average fair value of options granted after Share Subdivision during the years ended December 31, 2021, 2022 and 2023 was US$19.94, US$10.14 and US$25.61 per share, respectively.

The Company calculated the estimated fair value of share options on the date of grant using the Black-Scholes pricing model with the following assumptions:


	2021	2022	2023
Risk-free interest rate	0.21%-1.18%	1.55%-4.45%	3.60%-4.72%
Expected life (years)	4 – 5	4 – 5	4 – 5
Expected dividend yield	0%	0%	0%
Volatility	39%-43%	41%-49%	48%-49%
Fair value of options at grant date per share	from US$8.61 to US$39.17	from US$7.44 to US$24.58	from US$16.08 to US$36.51

The following table summarizes the Company’s RSUs activities under all incentive plans (in US$, except for shares):


	Number of Shares (Note i)			Weighted average grant date fair value (US$) (Note i)
Restricted shares

Unvested at December 31, 2020		934,512			33.79

Granted		255,004			31.35
Vested		(215,484	)		37.26
Forfeited		(104,412	)		30.12

Unvested at December 31, 2021		869,620			32.65

Granted		255,000			24.67
Vested		(243,625	)		36.15
Forfeited		(129,489	)		33.92

Unvested at December 31, 2022		751,506			28.59

Vested		(197,250	)		30.51
Forfeited		(568	)		29.03

Unvested at December 31, 2023		553,688			27.90

Note i: The number of restricted shares and weighted average grant date fair value have been retrospectively adjusted for the Share Subdivision that became effective on March 18, 2021 (Note 2).

Leases

The Company applies ASC 842, Leases, and determines if an arrangement is a lease at inception. Operating leases are primarily for office and operation space and are included in

right-of-use

Taxation

Other income/(expense)

Other income/(expense) consists of financial subsidies and investment income/(loss). Financial subsidies primarily relate to the

non-recurring


	2021			2022			2023

Government grants		550			618			608
Gain on disposal of long-term investments (Note 7)		63			23			11
Foreign exchange gains/(losses)		1			(69	)		29
Gain from the fair value remeasurement upon the discontinuance of the equity method of the investment(a)		—			1,135			—
Dividend from long-term investments		—			53			177
Impairments of long-term investments(b)		(96	)		(949	)		(115	)
Fair value changes of equity securities investments and Exchangeable Senior Notes		(170	)		1,338			(1,507	)
Others		25			(134	)		130

Total		373			2,015			(667	)

(a)

(b)

In 2022 and 2023, the Company recorded a RMB906 and RMB115 million impairment loss for certain redeemable preferred shares investments which

are

accounted for as

available-for-sale

debt

securitie

(Note 7).

Statutory reserves

The Company’s PRC subsidiaries and VIEs are required to allocate at least 10% of their

after-tax

profit

determined based on

the PRC accounting standards and regulations

to the general reserve

and other countries or regions.

Dividends

Dividends are recognized when declared.

PRC regulations currently permit payment of dividends only out of accumulated profits determined

based on the

4-08(e)(3)

under Regulation

S-X,

billion.

profits.

dividends have been paid or declared by the Company during the years ended December 31, 2021,

2022

and 2023.

(Losses)/earnings per share

In accordance with

“Computation of Earnings Per Share”

per-share

computations for those and any prior-period financial statements presented shall be based on the new number of shares.

On March 18, 2021, the Company effected a share split by

one-to-eight

Treasury stock

In 2023, the Company purchased 6.8 million ADSs in aggregate with a total gross consideration of US$224

Treasury stock is accounted for under the cost method. Under this method, the cost incurred to purchase the shares is recorded in “Treasury stock” on the consolidated balance sheets.

Segment reporting

The Company primarily generates its revenues from the Greater China Area, for geographic information, please refer to Note 2

Recent Accounting Pronouncements

In May 2021, the FASB issued ASU

No. 2021-04,

Earnings Per Share (Topic 260), Debt — Modifications and Extinguishments (Subtopic

470-50),

Compensation — Stock Compensation (Topic 718), and Derivatives and Hedging — Contracts in Entity’s Own Equity (Subtopic

815-40)

In October 2021, the FASB issued ASU

No. 2021-08,

Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers (ASU

2021-08),

In March 2022, the FASB issued ASU

2022-02,

Troubled Debt Restructurings and Vintage Disclosures. This ASU eliminates the accounting guidance for troubled debt restructurings by creditors that have adopted ASU

2016-13,

326-20.

In June 2022, the FASB issued ASU

2022-03

Certain risks and concentration

Impact of

COVID-19

pandemic, during 2020 to 2022 in particular.

TAXATION - Impact of subsidiaries' preferential tax rates (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	25.00%	25.00%	25.00%
Effective EIT rate (as a percent)	16.00%	26.00%	(57.00%)
Subsidiaries
Reconciliation of the differences between statutory tax rate and effective tax rate
Effective EIT rate (as a percent)	(9.00%)	12.00%	38.00%
Ctrip Computer Technology
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	15.00%
Effective EIT rate (as a percent)	(3.10%)	(2.70%)	31.90%
Ctrip Travel Information
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	15.00%
Effective EIT rate (as a percent)	(0.10%)	0.20%	(4.10%)
Ctrip Travel Network
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	15.00%
Effective EIT rate (as a percent)	(3.20%)	(2.70%)	16.00%
Chengdu Information
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	15.00%
Effective EIT rate (as a percent)	(0.80%)	(0.80%)	7.30%
Beijing Hujinxinrong Technology Co Ltd
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	15.00%
Effective EIT rate (as a percent)	(0.70%)	(2.20%)	14.30%
The Company and its subsidiaries in Hong Kong, Singapore, UK and Cayman Islands
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	0.00%
Statutory CIT rate alternate case in Cayman (as a percent)	23.50%
Effective EIT rate (as a percent)	1.40%	19.60%	(38.80%)
Qunar and subsidiaries
Reconciliation of the differences between statutory tax rate and effective tax rate
Statutory CIT rate (as a percent)	15.00%
Effective EIT rate (as a percent)	(1.60%)	(0.20%)	6.60%
Other subsidiaries
Reconciliation of the differences between statutory tax rate and effective tax rate
Effective EIT rate (as a percent)	(0.90%)	0.80%	4.80%

LONG-TERM DEBTS

12 Months Ended

Dec. 31, 2023

LONG-TERM DEBT

LONG-TERM DEBTS

17.	LONG-TERM DEBTS


	2022		2023

	RMB (in millions)
Long-term loans		13,144		19,061
2025 Notes		33		34
Securitization debt		—		4

Total		13,177		19,099

As of December 31, 2022, and 2023, the fair value of the Company’s long-term debt, based on Level 2 inputs, was RMB13.2 billion and RMB19.1 billion, respectively.

Description of 2025 Convertible Senior Notes

On June 18, 2015, the Company issued US$400 million of 1.99% Convertible Senior Notes due 2025 (the “2025 Notes”). The 2025 Notes may be converted, at an initial conversion rate of 9.3555 ADSs per US$1,000 principal amount of the 2025 Notes (which represents an initial conversion price of US$106.89 per ADS), at each holder’s option at any time prior to the close of business on the second business day immediately preceding the maturity date of July 1, 2025. Debt issuance costs were US$6.8 million and are being amortized to interest expense to the put date of the 2025 Notes (July 1, 2020).

Each holder of the 2025 Notes has a right at such holder’s option to require the Company to repurchase for cash all or any portion of such holder’s 2025 Notes on July 1, 2020 (the “Early Redemption Right”). In addition, if a fundamental change occurs, each holder has a right at such holder’s option to require the Company to repurchase for cash all or any portion of such holder’s 2025 Notes on the date notified in writing by the Company in accordance with the indenture for the 2025 Notes. The Company believes that the likelihood of occurrence of the fundamental change is remote. The 2025 Notes are generally not redeemable prior to the maturity date of July 1, 2025, except that the Company may, at its option, redeem all but not part of the 2025 Notes if the Company has or will become obligated to pay holders additional amount due to certain changes in tax law of the relevant jurisdiction. As of December 31, 2023, there has been no such change in tax laws occurred.

2020, as a result of exercise of the Early Redemption Right by certain debt holders, the Company redeemed US$395 million (RMB2.8 billion) aggregate principal amount of the 2025 Notes as requested by the holders. As of December 31, 2023, the balance of 2025 Notes was RMB34 million.

The Company accounted for the respective 2025 Notes as a single instrument as a long-term debt. The debt issuance cost was recorded as reduction to the long-term debts and are amortized as interest expense using the effective interest method.

Long-term Loans from Commercial Banks

As of December 31, 2023, the Company’s long-term loans included long-term bank borrowings of

RMB22.5 billion (US$3.2 billion

) in aggregate, of which the current portion of

RMB3.4

billion was classified as short-term debt (Note 12) and the remaining

RMB19.1

billion was

reported as long-term debt.

The Company’s long-term bank loans were substantially credit borrowings and the

weighted average interest rate for the outstanding borrowings was approximately

5.72

as of

December 31, 2023

As of December 31, 2023, the Company has loan facilities up to RMB21.3 billion, and RMB2.1 billion was unused under such facilities. The Company was in compliance with the applicable financial covenants with respect to certain financial metrics as of December 31, 2023.

As of December 31, 2023, the long-term loans will be due according to the following

schedule:


	As of December 31, 2023
	RMB (in millions)
2024		3,451
2025		10,612
2026		8,436
2027		—
2028		—
Thereafter		13

Total		22,512

Cover Page	12 Months Ended
Cover Page	Dec. 31, 2023 shares
Document Information [Line Items]
Document Type	20-F
Amendment Flag	false
Document Period End Date	Dec. 31, 2023
Document Fiscal Year Focus	2023
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Entity Registrant Name	Trip.com Group Limited
Entity Filer Category	Large Accelerated Filer
Entity File Number	001-33853
Entity Well-known Seasoned Issuer	Yes
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Document Registration Statement	false
Document Accounting Standard	U.S. GAAP
Entity Shell Company	false
Entity Voluntary Filers	No
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Address, Postal Zip Code	048622
Entity Address, Address Line One	30 Raffles Place, #29-01
Entity Address, Country	SG
Entity Address, City or Town	Singapore
Entity Incorporation, State or Country Code	E9
Entity Common Stock, Shares Outstanding	644,089,050
Security Exchange Name	NASDAQ
Title of 12(b) Security	American depositary shares
Trading Symbol	TCOM
Entity Central Index Key	0001269238
ICFR Auditor Attestation Flag	true
Auditor Name	PricewaterhouseCoopers Zhong Tian LLP
Auditor Firm ID	1424
Auditor Location	Shanghai, the People’s Republic of China
Document Financial Statement Error Correction [Flag]	false
Business Contact
Document Information [Line Items]
Entity Address, Postal Zip Code	048622
Entity Address, Address Line One	30 Raffles Place, #29-01
Entity Address, Country	SG
Entity Address, City or Town	Singapore
Contact Personnel Name	Jane Jie Sun
Contact Personnel Email Address	iremail@trip.com
City Area Code	65
Local Phone Number	3138-9736

PRINCIPAL ACCOUNTING POLICIES - Key agreements with the VIEs (Details)	12 Months Ended
	Dec. 31, 2023
Financial information of the group's VIEs
Loan agreement initial term	10 years
Loan agreement renewable term	10 years
Shareholders of our consolidated affiliated Chinese entities, except for Qunar Beijing \| Amended and restated exclusive option agreements
Financial information of the group's VIEs
Term of exclusive option agreements	10 years
Term of automatic renewal of exclusive option agreements	10 years
Ctrip Computer Technology, Ctrip Travel Network and Ctrip Travel Information \| Amended and Restated Technical Consulting and Services Agreement
Financial information of the group's VIEs
Term of technical consulting and services agreements	10 years
Term of automatic renewal of technical consulting and services agreements	10 years
Written notice period required to be served for the termination of agreements	30 days
Qunar Software \| Loan Agreements
Financial information of the group's VIEs
Notice period for termination of agreement	15 days
Qunar and Qunar Software \| Equity option agreement
Financial information of the group's VIEs
Written notice period for termination of agreement	30 days

FAIR VALUE MEASUREMENT - Significant unobservable inputs (Details)	Dec. 31, 2023	Dec. 31, 2022
Minimum \| Revenue growth rate
Significant unobservable inputs used in the valuation
Unobservable inputs	(61.2)	2.5
Minimum \| Weighted average cost of capital
Significant unobservable inputs used in the valuation
Unobservable inputs	13	13.5
Minimum \| Lack of marketability discount
Significant unobservable inputs used in the valuation
Unobservable inputs	10	15
Minimum \| Expected volatility
Significant unobservable inputs used in the valuation
Unobservable inputs	33	41
Maximum \| Revenue growth rate
Significant unobservable inputs used in the valuation
Unobservable inputs	31	100
Maximum \| Weighted average cost of capital
Significant unobservable inputs used in the valuation
Unobservable inputs	21	21
Maximum \| Lack of marketability discount
Significant unobservable inputs used in the valuation
Unobservable inputs	20.5	30
Maximum \| Expected volatility
Significant unobservable inputs used in the valuation
Unobservable inputs	66.7	68.05
Liquidation scenario \| Minimum \| Probability
Significant unobservable inputs used in the valuation
Unobservable inputs	5	30
Liquidation scenario \| Maximum \| Probability
Significant unobservable inputs used in the valuation
Unobservable inputs	95	100
Redemption scenario \| Minimum \| Probability
Significant unobservable inputs used in the valuation
Unobservable inputs	0	10
Redemption scenario \| Maximum \| Probability
Significant unobservable inputs used in the valuation
Unobservable inputs	30	45
Conversion scenario \| Minimum \| Probability
Significant unobservable inputs used in the valuation
Unobservable inputs	5	0
Conversion scenario \| Maximum \| Probability
Significant unobservable inputs used in the valuation
Unobservable inputs	95	40

INVESTMENTS - Homeinns and BTG (Details) - CNY (¥) ¥ in Millions, shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2016
INVESTMENTS
Carrying value under equity investments	¥ 31,717	¥ 32,049
BTG
INVESTMENTS
Equity method investment, ownership interest (as a percent)				22.00%
Carrying value under equity investments	¥ 2,500	¥ 2,500
Sale of shares number of shares issued	1	4	9
Proceeds from issuance or sale of equity	¥ 19	¥ 101	¥ 201
Sale of Stock, Percentage of Ownership after Transaction	12.00%
BTG \| Other Income Expenses
INVESTMENTS
Gain loss from sale of stock at open market value	¥ 3	¥ 20	¥ 41

PRINCIPAL ACCOUNTING POLICIES - Segment reporting (Details)	12 Months Ended
	Dec. 31, 2023 SEGMENT
Segment reporting disclosures
Number of reportable segments	1

INVESTMENTS - Equity securities with readily determinable fair values (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Equity securities with readily determinable fair values
Equity securities with readily determinable fair values, Cost	¥ 5,486	¥ 5,517
Equity securities with readily determinable fair values, Gross Unrealized Gains, including foreign exchange adjustment	5,706	6,958
Equity securities with readily determinable fair values, Gross Unrealized Losses, including foreign exchange adjustment	(1,202)	(541)
Equity securities with readily determinable fair values, Fair value	¥ 9,990	¥ 11,934

PRINCIPAL ACCOUNTING POLICIES - Major VIEs and their subsidiaries (Details)	12 Months Ended
	Dec. 31, 2023 CNY (¥) ¥ / item
Major variable interest entities and their subsidiaries
Description of foreign investment law approval	In March 2019, the draft Foreign Investment Law was submitted to the National People’s Congress for review and was approved on March 15, 2019, which came into effect from January 1, 2020.
Shanghai Ctrip Commerce \| One employee
Major variable interest entities and their subsidiaries
Number of officers	1
Shanghai Ctrip Commerce \| One senior consultant
Major variable interest entities and their subsidiaries
Number of officers	1
Shanghai Ctrip Commerce \| One employee and one senior consultant
Major variable interest entities and their subsidiaries
Shareholding percentage of VIE	100.00%
Registered capital of VIE \| ¥	¥ 900,000,000
Shanghai Huacheng
Major variable interest entities and their subsidiaries
Shareholding percentage of VIE	100.00%
Registered capital of VIE \| ¥	¥ 100,000,000
Chengdu Ctrip \| One employee
Major variable interest entities and their subsidiaries
Number of officers	1
Chengdu Ctrip \| One senior consultant
Major variable interest entities and their subsidiaries
Number of officers	1
Chengdu Ctrip \| One employee and one senior consultant
Major variable interest entities and their subsidiaries
Shareholding percentage of VIE	100.00%
Registered capital of VIE \| ¥	¥ 500,000,000
Qunar Beijing \| Two employees
Major variable interest entities and their subsidiaries
Number of officers	2
Shareholding percentage of VIE	100.00%
Registered capital of VIE \| ¥	¥ 11,000,000

INVESTMENTS - Equity securities without readily determinable fair values (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Equity securities without readily determinable fair values
Carrying value of equity securities without readily determinable fair values	¥ 375	¥ 551
Total consideration	13	0	¥ 15
Gain/(loss) on sale of equity securities without readily determinable fair values	8	0	(4)
Investment in equity securities without readily determinable fair value	¥ 8	¥ 10	¥ 45

FAIR VALUE MEASUREMENT - Roll forward of major Level 3 Investments (Details) - CNY (¥) ¥ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Roll forward of major Level 3 investments
Fair Value, Asset, Recurring Basis, Unobservable Input Reconciliation, Asset, Gain (Loss), Statement of Other Comprehensive Income or Comprehensive Income [Extensible Enumeration]	Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax
Unobservable inputs (Level 3)
Roll forward of major Level 3 investments
Fair value of Level 3 Investments, beginning balance	¥ 2,601	¥ 3,354
Transfer into/out of Level 3	183
New addition	55	86
Disposal of investments		(28)
Effect of exchange rate change	57	152
Expected credit losses	(115)	(906)
The change in fair value of the investments	(686)	(57)
Fair value of Level 3 Investment, ending balance	¥ 2,095	¥ 2,601

PRINCIPAL ACCOUNTING POLICIES - Installment credit and Nonrecourse securitization debt (Details) - CNY (¥) ¥ in Millions	Dec. 31, 2023	Dec. 31, 2022
PRINCIPAL ACCOUNTING POLICIES
Collateralized receivable related to financial services	¥ 1,100	¥ 100
Non-collateralized receivable related to financial services	3,100	3,500
Financing receivables, allowance for credit losses	¥ 200	¥ 196

Amount of allowance for credit loss on financing receivable. Excludes allowance for financing receivable covered under loss sharing agreement.

PRINCIPAL ACCOUNTING POLICIES - Basis of Presentation (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Mar. 18, 2021
Ordinary shares, par value (in dollars per share)	$ 0.00125	$ 0.00125	$ 0.00125	$ 0.01
Common Stock, Conversion Basis	ordinary share will be adjusted from eight (8) ADSs representing one (1) ordinary share to one (1) ADS representing one (1) ordinary share (the “ADS Ratio Change”).
Share Subdivision
Ordinary shares, par value (in dollars per share)	$ 0.00125

GOODWILL (Details) ¥ in Millions, $ in Millions	12 Months Ended
GOODWILL (Details) ¥ in Millions, $ in Millions	Dec. 31, 2023 CNY (¥)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 CNY (¥)
Changes in the carrying amount of goodwill
Balance at beginning of year	¥ 59,337		¥ 59,353
Disposals and immaterial others	35		(16)
Balance at end of period	¥ 59,372	$ 8,362	¥ 59,337

Amount after accumulated impairment loss of an asset representing future economic benefits arising from other assets acquired in a business combination that are not individually identified and separately recognized.