Trip.com Group Limited (NASDAQ:TCOM) is one of the best NASDAQ stocks to buy according to hedge funds. On February 25, Trip.com reported financial performance for 2025, with full-year net revenue reaching RMB62.4 billion, which was a 17% increase year-over-year. For Q4, the company recorded net revenue of RMB15.4 billion, up 21% year-over-year, driven by resilient travel demand. Net income for the full year rose to RMB33.4 billion due to substantial investment gains. Accommodation reservations and transp ...

以下文章来源于Vista氢商业 ，作者贾小乐 Vista氢商业 . 上个月，一则"携程英文客服要求到底有多高"的帖子在社交媒体上引发了讨论。许多曾面试携程客服岗的应聘者现身说法：简历看重留学背景，雅思没有 6.5不要，面试全英文，同岗位同事的英语口语能力接近母语者…… 面试者学历背景也佐证了这个岗位竞争之激烈：留美硕士、英国海归、以及六级考了600 多分的211大学英专生。 "没想到有朝一日接电话等挨骂也要卡学历了。" 三年前焦虑着"产品岗还是市场岗发展前景好"的打工人怎么也想不明白：看似"毫无含金量"的旅游客服，怎么就成了"留学生收容所"？ 携程海外客服， 快成留学生"收容所"了 抛开"成就感""职业发展"不谈，携程英文客服的确符合许多应届生心中一份"好工作"的标准： 它同时满足薪资不错、大厂光环，以及work life balance三大 条件。 首先是极具吸引力的薪资。 招聘网站上显示， 携程英文在线客服岗位的薪资在11000元到14000，且有13薪。这个薪资高过了一些互联网大厂的初级运营 岗，部分"大模型标注""AI训练"岗，以及许多咨询公司的助理岗位薪资。 关心都市白领的消费生活 提供易懂有趣的品 ...

携程拿去花（类似花呗的功能）为了恶意吃客户的利息，哪怕默认还款银行卡里有钱，也会只扣款最低应还额，把剩余消费记入下个月我刚刚才发现并意识到这件事，稍微算了下，为此已多支付了应该有超过 5000 元本不应该支出的利息不知道是否我理解错了，这携程金融未免也太恶劣了 😅 https://t.co/M2iBxB7SX5 ...

Trip.com Group Limited (NASDAQ:TCOM) is one of the 15 Most Undervalued NASDAQ Stocks to Buy According to Wall Street Analyst. Benchmark, on February 26, reduced its target price on Trip.com by 12.2% to $72 (from $82) and retained the firm’s Buy recommendation on the stock. The price update comes on the heels of the release of Trip.com’s Q4 results on February 25. The report showed a “solid 4th quarter beat,” with diluted adjusted earnings per share growing 14% YoY and handily beating consensus estimates. ...

携程叫停"AI调价"，酒店价格战迎来新转折点。 今日，《科创板日报》记者获悉， 自2026年3月10日起，携程将正式下线Ebooking平台上的"AI生意助手"（调价助手）功能。 这意味着，曾经广泛运用于在线酒店预订领域的自动调价工具，正在被头部平台主动"叫停"，携程也成为国内首个宣布下线调价助手的OTA 平台。 "在线酒店预订领域，主要平台普遍为商户提供各类调价工具，以帮助商户提升定价效率、加快客房销售、提高订单转化。"携程在发给合作 伙伴的通知中坦言，这类工具的引入初衷是提升效率，但在实际运用中，也逐渐收到了来自各方的优化建议。 携程方面表示，公司充分认识到，这类在酒旅行业广泛使用的自动调价工具已不适应当前行业高质量发展要求。"我司率先下线该类工具， 旨在减少酒店间非理性价格内卷，扩大商户自主定价空间与盈利水平，进一步激发商户提升服务投入与服务质量的意愿和能力。" 可以看到，携程这一表态背后，是一场关于平台定价逻辑的深刻反思。 调价助手出现的初衷是为了帮助商家更好运营，其核心功能在于实时抓取全网酒店价格：一旦系统监测到某家酒店在其他平台出现更低挂牌 价，平台便会通过算法自动调整自身渠道价格，以避免因用户跨 ...

LOS ANGELES, March 06, 2026 (GLOBE NEWSWIRE) -- The Portnoy Law Firm advises Trip.com Group Limited, (“Trip.com" or the "Company") (NASDAQ:TCOM) investors that the firm has initiated an investigation into possible securities fraud, and may file a class action on behalf of investors. Investors are encouraged to contact attorney Lesley F. Portnoy, by phone 844-767-8529 or email: lesley@portnoylaw.com, to discuss their legal rights, or join the case via https://portnoylaw.com/trip-com-group-limited. The Portno ...

Investment Rating - The report does not explicitly provide an investment rating for the wealth management industry or specific funds [1][6][11]. Core Insights - The report highlights the performance of major stock indices, with the S&P 500 index at 6878.88, showing a weekly decline of 0.44% and a year-to-date increase of 0.49% [13]. - The report notes that the Invesco Global High-Quality Corporate Bond Fund has an average credit rating of A- and a duration of 6.0 years, indicating a moderate risk profile [19]. - The escalation of the US-Iran conflict has led to increased risk aversion in global markets, with funds flowing into traditional safe-haven assets like gold and US Treasuries [19]. - The report emphasizes that high-rated US Treasuries are seen as a core choice for risk-averse investors due to their low-risk attributes and liquidity [19]. - The fund's performance over the past year was 6.18%, slightly below the Bloomberg US Corporate Bond Index's 6.91% return, attributed to conservative credit selection [22]. Summary by Sections Market Performance - Major stock indices have shown varied performance, with the Nasdaq index down 0.95% year-to-date and the Dow Jones index up 1.90% [13]. - The report provides a detailed table of bond indices, with the Bloomberg US Treasury Index showing a year-to-date increase of 1.72% [26]. Fund Highlights - The Invesco Global High-Quality Corporate Bond Fund has 747 investments, ensuring diversification and reducing credit risk [19][24]. - The fund's geographic distribution includes the US (27.7%), UK (14%), and Italy (5.8%), with no single country exceeding 30% to mitigate economic and policy risks [24]. Recent Market Developments - The report discusses the recent issuance in the primary market, with New City Development issuing a 3-year bond of $355 million at a yield of 13.25% [36]. - It also mentions the positive outlook for Hong Kong property prices, with Morgan Stanley raising its forecast from 5%-7% to 10%-15% for the year [41].

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company demonstrated resilient growth in Q4 2025, with revenue reaching 15.4 billion CNY, a year-on-year increase of 20.8%, surpassing Bloomberg's consensus estimate of 16.7% [1][9] - The company's Non-GAAP net profit for Q4 was 3.48 billion CNY, reflecting a 14.7% increase, also exceeding expectations [1][9] - The overall performance in Q4 was strong, with the overseas Trip.com platform maintaining high growth rates during peak season, indicating effective market share acquisition [1][9] - The company is focusing on optimizing user experience and enhancing revenue from transportation services, while domestic hotel prices have stabilized [2][10] - Regulatory developments regarding antitrust investigations and the impact of AI technology on the OTA business model are key areas of focus [3][11] Revenue Breakdown - In Q4 2025, accommodation booking revenue was 6.29 billion CNY (+21.4%), transportation ticketing revenue was 5.37 billion CNY (+12.3%), and vacation revenue was 1.06 billion CNY (+21.4%) [2][10] - Domestic revenue is estimated to have grown at a high single-digit rate, with hotel night growth between 10-15% [2][10] - The Trip.com platform saw a 60% increase in hotel and flight bookings, contributing to a rise in sales expense ratio to 28.1% [2][10] Financial Forecasts - For 2025, the company expects total revenue of 62.4 billion CNY (+17.1%) and Non-GAAP net profit of 31.84 billion CNY, which includes non-recurring investment gains of 19.9 billion CNY from the sale of Makemytrip shares [1][9] - The forecast for Non-GAAP net profit for 2026 and 2027 has been adjusted to 20 billion CNY and 23 billion CNY, respectively, reflecting a cautious outlook due to regulatory concerns and AI impacts [4][12] - The company maintains a robust buyback program with a total of 5 billion USD, which supports shareholder returns [3][11]

Investment Rating - The investment rating for the company is "Outperform the Market" [5] Core Views - The company demonstrated resilient growth in Q4 2025, with revenue reaching 15.4 billion CNY, a year-on-year increase of 20.8%, surpassing Bloomberg's consensus estimate of 16.7% [1][9] - Non-GAAP net profit for Q4 was 3.48 billion CNY, reflecting a 14.7% increase, also exceeding expectations [1][9] - The company is focusing on optimizing user experience and expanding its market share, particularly in the overseas Trip.com platform, which continues to show strong growth [2][10] - Regulatory developments regarding antitrust investigations and the impact of AI technology on the OTA business model are key areas of focus [3][11] Revenue Breakdown - In Q4 2025, accommodation booking revenue was 6.29 billion CNY (+21.4%), transportation ticketing revenue was 5.37 billion CNY (+12.3%), and vacation revenue was 1.06 billion CNY (+21.4%) [2][10] - Domestic hotel prices have stabilized, and the company is actively targeting both older and younger demographics to enhance its market share [2][10] - The Trip.com platform saw a 60% increase in hotel and flight bookings, contributing to a rise in sales expense ratio to 28.1% [2][10] Financial Forecasts - For 2026 and 2027, the company has adjusted its Non-GAAP net profit forecasts to 20 billion CNY and 23 billion CNY, respectively, with a new estimate for 2028 at 26.5 billion CNY [4][12] - The projected revenue growth rates for the upcoming years are 19.7% for 2024, 17.1% for 2025, and 14.1% for 2026 [5][13] - The company maintains a robust cash position, with cash and cash equivalents expected to reach 46.45 billion CNY in 2025 [13]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Insights - The company is experiencing rapid growth in international business and is deepening its inbound tourism strategy [4] - Domestic tourism demand remains stable, with significant growth in private group tours and the silver economy [3] - The company has launched various themed travel products targeting the elderly demographic and has opened its first offline flagship store in Shanghai [3] - The "performance + tourism" strategy is showing strong results, with a three-digit growth in ticket sales for global performances [3] Financial Projections - Total revenue is projected to reach 62,409 million in 2025, with a year-on-year growth of 17.10% [1] - The company's non-GAAP net profit is expected to be 33,608 million in 2026, reflecting an 86.29% increase from the previous year [1] - The projected non-GAAP net profit for 2028 is 23,876 million, with a corresponding P/E ratio of 10.32 [1][4] Business Performance - The company achieved a total revenue of 624.1 billion in 2025, marking a 17% year-on-year increase [10] - The international OTA platform saw a 60% increase in total bookings in 2025, with significant growth in the Asia-Pacific region [10] - The company served approximately 20 million inbound tourists in 2025, connecting them with around 150,000 hotels [10]