2026年度格隆汇"下注中国"十大核心资产已正式发布，携程集团（TCOM.US/9961.HK）历经多轮筛选与角逐，最终入选成为核心资产中消 费旅游领域的标杆标的。 以下是关于携程的入选逻辑与深度解析： 2025年国内消费市场虽仍存压力，但旅游细分赛道率先展现明确复苏迹象，叠加十五五规划"居民消费率显著提升"的政策红利，服务消费成 为消费升级的核心方向。作为中国在线旅游（OTA）行业的领军企业，携程正告别"单一预订平台"的标签，加速推进从"国内OTA龙头"到"全 域旅游生态服务商"的结构性转型。 凭借 "国内基本盘稳固+国际业务突围+供应链全覆盖+技术赋能"的独特模式，携程已构建起兼具"抗周期韧性+成长确定性"的盈利结构。 2025年前三季度公司营收470亿元，同比增长16%，调整后营业利润132.9亿元，同比增长11.5%，在消费大环境承压下展现出极强的稳健 性，成为2026年"消费复苏+政策红利"行情中最具配置价值的核心标的。 | | 营收结构 | | | --- | --- | --- | | | 24年Q1-Q3(亿) | 25年Q1-Q3 (亿) | | 住宿预订 | 164 | 198 | | 父 ...

随着千禧一代与Z世代不断重塑全球旅行需求，中国、泰国预计将成为2026年最具热度的国际旅游目的 地之一。 据泰国《国家报》（The Nation Thailand）、《泰叻报》（Thairath）的报道，携程集团近期发布的2026 年旅游展望报告指出，亚洲目的地尤其是中国、泰国，将继续位居全球最受欢迎的旅游目的地行列，Z 世代和千禧一代将成为引领全球旅游趋势的关键力量。 携程集团2025年数据显示，中国已成为泰国游客增长最快的目的地之一。与此同时，区域内的旅游偏好 正在发生显著变化，越来越多泰国及东南亚游客将目光转向中国内地城市。中国的"非一线城市"在2025 年成为增速最快的旅游目的地，整体表现已超越东京、大阪等日本传统热门城市。 以重庆市为例，泰国游客在携程平台上的访问量同比增长395%，相关预订量增长828%；泰国游客对成 都的访问量同比增长427%。泰国游客对北京、广州的访问量也分别增长252%和209%。 携程集团东南亚区域高级总监、新加坡总经理Edmund Ong表示，重庆等城市因饮食风味与东南亚相 近，文化体验鲜明，且城市景观独具特色，正逐渐成为追求"深度体验"的泰国游客的新选择。 这一趋势并不 ...

转眼间，距离告别2025、迎接2026仅剩十余天。随着元旦小长假的脚步日益临近，假期出行的热度 也一路攀升。是在璀璨烟花下零点倒数定格新年的第一份浪漫，还是奔赴一场跨年演唱会释放一整年的 疲惫，这个元旦，你打算去哪里邂逅新年的第一份美好？ 元旦杭州出发多地机票价格翻番 "请3休8"解锁高性价比长假游 据同程旅行发布的《2026元旦假期旅行趋势报告》显示，近一个月以来，平台上"跨年""元旦"等关 键词搜索热度环比涨超280％，小长假延续冬季旅行"冰雪游"和"避寒游"两大主流，南方城市游客涌向 北方赏冰玩雪，北方城市游客南下感受四季如春。进入12月份，元旦假期的机票、酒店民宿等主要产品 预订逐步起量，整体预订热度较去年同期提升近30％。 这些抢票关键请注意 而在铁路方面，记者了解到，12月17日起，元旦小长假的火车票也已经开售。 2026年元旦放假时间为1月1日至3日，共三天。按照火车票预售期15天计算，12月17日，旅客可购 买12月31日（元旦假期前一天）的火车票，12月20日，旅客可购买1月3日的返程火车票。 需要特别提醒的是，不同车站的车票起售时间并不一致。比如杭州站、杭州东站、杭州南站、杭州 西站的起售 ...

携程数据显示，免签政策后，平台"柬埔寨"相关旅游关键词当日搜索量环比增长20%。同程研究院表 示，柬埔寨与中国之间的商务旅行及旅游观光需求持续走高，11月份以来同程旅行平台柬埔寨金边 等地的酒店预订热度同比增长超60%，柬埔寨出台的免签政策持续时间正好覆盖了中国的暑期出游 旺季和国庆长假，预计明年暑期和国庆假期中国居民赴柬埔寨旅游的热度有望达到阶段新高。 据央视新闻，柬埔寨政府发布官方文件说，将于2026年6月15日至10月15日期间对中国公民试行免 签政策。 ...

经济观察网 据央视新闻，柬埔寨政府发布官方文件称，将于2026年6月15日至10月15日期间对中国公民 试行免签政策。携程数据显示，免签政策消息发布后，平台"柬埔寨"相关旅游关键词当日搜索量环比增 长20%。同程研究院表示，柬埔寨与中国之间的商务旅行及旅游观光需求持续走高，11月份以来同程旅 行平台柬埔寨金边等地的酒店预订热度同比增长超60%，柬埔寨出台的免签政策持续时间正好覆盖了中 国的暑期出游旺季和国庆长假，预计明年暑期和国庆假期中国居民赴柬埔寨旅游的热度有望达到阶段新 高。 ...

Core Points - Klook Technology Limited has filed for an IPO with the SEC, aiming to list on the NYSE under the ticker symbol KLK [1] - The company specializes in global travel bookings, offering a one-stop platform for activities, accommodations, and transportation [4] Financial Data - For the nine months ended September 30, 2025, Klook reported revenue of $407.398 million, up from $283.972 million in the same period the previous year, indicating a year-over-year increase of approximately 43.5% [5] - The net loss for the same period was $142.272 million, compared to a loss of $85.570 million in the prior year [5] - The company’s gross profit for the nine months ended September 30, 2025, was $255.305 million, reflecting a significant increase from $172.266 million in the previous year [5] Business Overview - Klook operates in over 4,200 destinations, providing more than 310,000 travel activities [4] - The company was founded in 2014 and has expanded its operations through various subsidiaries across different regions [9]

Core Insights - Booking Holdings reported a strong third-quarter performance with a 13% year-over-year increase in revenue to $9.01 billion, exceeding analyst expectations of $8.73 billion [1] - Adjusted earnings per share rose by 19% year-over-year to $99.50, also surpassing the forecast of $95.85 [1] - Total bookings reached $49.7 billion, higher than the market expectation of $47.9 billion, with room nights increasing by 8% to 323 million [1] Q4 and Full Year Outlook - For the fourth quarter, the company anticipates room night growth of 4% to 6%, compared to the market expectation of 5.7% [1] - Revenue growth for Q4 is projected at 10% to 12%, slightly below the market expectation of 11.5% [1] - For the full year, the company expects room night growth of approximately 7%, exceeding the market expectation of 6.7% [1]

Group 1 - Ctrip (TCOM.US) stock rose 2.8% to $73.1 in pre-market trading [1] - The National Day and Mid-Autumn Festival travel market is booming, with Ctrip's "2025 National Day and Mid-Autumn Festival Travel Report" highlighting long-distance travel and deep experiences as major trends this year [1] - Domestic long-distance travel orders increased by 3 percentage points compared to last year, while outbound long-distance travel is also gaining popularity, with orders to several European destinations doubling [1] Group 2 - Outbound charter tours are showing a trend towards deeper experiences, with overall order volume increasing by over 120% year-on-year [1] - During the holiday period, the search popularity for "night tours" on Ctrip surged by over 200% compared to the previous month [1]

Group 1 - The core viewpoint of the articles highlights a significant increase in domestic tourism during the combined National Day and Mid-Autumn Festival holiday, with a notable rise in bookings and travel trends [1][2][3] Group 2 - Data from major online travel agencies indicates that from October 1 to 8, tourism bookings in Zhejiang increased by over 20% compared to the same period last year, with Hangzhou seeing a 24% rise [1] - Popular tourist destinations include major cities like Beijing, Chengdu, and Shanghai, with long-stay trips becoming common as travelers typically stay over three days [2] - Emerging "small cities" are gaining popularity, with Enshi in Hubei seeing a 300% increase in charter bookings and Yuncheng in Shanxi experiencing a 57% growth [2] Group 3 - A new trend of "staggered travel" has emerged, with over 30% of users opting for flexible vacation plans to avoid crowds, leading to a 20% increase in flight bookings during specific dates [2] - The younger generation, particularly those born after 1995, is becoming the main force in the tourism market, with a 14.6% increase in average travel spending [3] - University students are shifting from short trips to longer, immersive travel experiences, with a 63% increase in flight bookings and a 31% rise in average spending during the holiday [3]

Core Insights - The "Double Festival" holiday period saw a significant increase in domestic tourism, with both visitor numbers and total spending showing year-on-year growth [1][12] - Beijing emerged as the top destination for travel bookings, with a notable rise in long-distance and high-quality travel trends [3][6] Tourism Market Performance - During the holiday, Beijing received 25.094 million visitors, generating a total tourism expenditure of 31.65 billion yuan, reflecting increases of 3.6% and 4.7% respectively compared to the previous year [3] - The top ten tourist attractions in Beijing included Tiananmen Square, Wangfujing, and the Olympic Park, indicating strong interest in both historical and modern sites [3][4] Booking Trends - Long-distance travel bookings increased by 3 percentage points compared to last year, with destinations like Urumqi and Lhasa seeing nearly 30% growth in orders [6] - The average hotel occupancy rate in Beijing rose by 3.5 percentage points, driven by improved service quality and the introduction of themed hotels [4][12] Night Tourism Growth - Night tourism experienced a surge, with search interest increasing by over 200% during the holiday, highlighting its role in boosting the nighttime economy [8][9] - Major cities like Shanghai and Nanjing saw night venue popularity increase significantly, with some venues reporting over fivefold growth in night visits [8] Emerging Travel Preferences - Travelers are increasingly opting for immersive experiences and emotional connections over traditional sightseeing, reflecting a shift in consumer behavior [7] - The trend of "reverse tourism" to smaller cities for autumn experiences gained traction, with significant hotel booking increases in various lesser-known destinations [10][11] Overall Market Outlook - The combination of the National Day and Mid-Autumn Festival holidays has led to a robust tourism market characterized by simultaneous increases in both volume and pricing [12]