New Street Research - Trip.com TCOM US (TCOM US) TCOM 1Q23 Preview: Strong Momentum into March

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New Street Research

Jin Yoon

TCOM 1Q23 Preview: Strong Momentum into March

What’s New: We up our 1Q and FY23 top-line estimates as the strong recovery momentum for domestic hotel bookings in Jan and Feb combined has extended into the month of Mar – which could continue throughout the year. In this note, we highlight the latest updates to the business including travel recovery and margin outlook.

Analysts:
Jin Yoon

14/04/2023 1 EN

Underlying

Trip.com TCOM US

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New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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TCOM 1Q23 Preview: Strong Momentum into March

Greater China Strategy Alpha Picks: February Conviction Calls

China Online Travel Agencies: Strong travel demand visibility into 2024.

Greater China Strategy Alpha Picks: January Conviction Calls

SATS, Carr, and the Art of the No Deal…Yet

Supreme Court Upholds USF Framework but Reform Still Ahead

CMCSA quick hit: Comcast continues to make the right pricing moves

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