New Street Research - Trip.com TCOM US (TCOM US) TCOM 2Q23 Results: Travel Demand Remains Resilient in 3Q

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New Street Research

Jin Yoon

TCOM 2Q23 Results: Travel Demand Remains Resilient in 3Q

What's new: Trip.com’s reported 2Q23 results were above consensus and our expectations. Travel activities remain resilient during summer months and heading into mid-Autumn Festival in Sep and National Day holiday in Oct driven by continued release in pent-up demand and further recovery in international flight capacity. We maintain our PT at USD 45.

Analysts:
Jin Yoon

05/09/2023 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:

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Pan European Telecom Services and Cable

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Analysts

Jin Yoon

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