• Trip Group average ebitda margin for 2023 was 19.4%, a 610.53% increase from 2022.
• Trip Group average ebitda margin for 2022 was -3.8%, a 1.6% decline from 2021.
• Trip Group average ebitda margin for 2021 was -3.74%, a 2393.33% increase from 2020.

Ebitda margin can be defined as earnings before interest, taxes, depreciation and amortization as a portion of total revenue.