TCOM 4Q24 Results: Travel Demand Remains Resilient in 1Q
What’s new: Trip.com’s reported 4Q24 revs that were above consensus and our expectations. Travel demand during/post-CNY has remained resilient where TCOM could further gain market shares in both domestic and international markets. Margins could be adversely impacted by rev mix shift towards the pure international market segment. We maintain our PT at USD75.Analysts:
Jin Yoon
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