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Feb 13
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$54.43
$56.63
+4.0%
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N/A
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Finnhub News
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Finnhub - TCOM
Trip.com Group Ltd. ADR (NASDAQ:TCOM) Fits Pe...
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Feb 13
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$54.43
$56.63
+4.0%
|
LONG
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Zoe Wang
Global Infrastructure Ratings Director, Fitch Ratings
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The Lunar New Year holiday is 9 days long (longest ever). There is a shift toward "experience-led travel." While luxury goods consumption is down, spending on services and travel is up. Flight capacity is shifting from Japan (due to geopolitics) to domestic and Southeast Asian routes. Trip.com (referenced as "Trip") is up 17%. LONG. Volume-driven growth in the travel sector despite broader economic headwinds. Geopolitical tensions affecting specific routes (e.g., Japan). |
Bloomberg Markets
Chinese Stocks Can't Wait for Holiday Break, ...
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