携程：Looking beyond release of pent-up demand to globalization

M N 22 May 2024 CMB International Global Markets | Equity Research | Company Update Trip.com (TCOM US) Looking beyond release of pent-up demand to globalization Target Price US$65.80 Trip.com Group (TCOM) released (21 May) 1Q24 results: net revenue was (Previous TP US$49.00) RMB11.9bn, up 29.4% YoY, 3% ahead of both our forecast and Bloomberg Up/Downside 17.9% consensus estimates, aided by better-than-expected revenue generation from Current Price US$55.83 both accommodation reservation and Others segments. ...