TRACKING TRAFFIC/Chinese Tourism: Ctrip Relationships Break Down, Tuniu on 'Experiential Travel'
Tracking Traffic/Chinese Tourism is a new research product designed to be a hub for all of our research on China's tourism sector. Tracking...
529 Views
Trip.com Q425 Results | Strong Top-Line Growth, But Margin Compression Continues | AVOID
Top-line growth accelerated in Q425, but margin compression persisted. Management's poor cost control is frustrating, and an ongoing investigation...
292 Views
Monthly Chinese Tourism Tracker | Pace of Growth Slowed, Again | Golden Week? | October 2025
Chinese travel activity in September slowed, and a first look at Golden Week activity also suggests weak growth in travel and spending. We see few...
738 Views
Monthly Chinese Tourism Tracker | Momentum Shifts From Airlines to TCOM | September 2025
Chinese air travel growth continues to slow. Chinese airlines have been unable to lift margins as aircraft utilization improves, and we no longer...
652 Views
Trip.com Q225 Results | Big Buyback a Surprise | But Margins Still Under Pressure | Fair Value US$60
Trip.com announced a big share buyback last week, but its Q225 core results were unimpressive. Given modest growth expectations, we put fair value...
416 Views