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携程网

75.66

-1.1600-1.51%

盘后：76.560.9000+1.19%18:58 EST

成交量：90.71万

成交额：6,886.02万

市值：493.30亿

市盈率：12.10

高：76.81

开：76.75

低：75.52

收：76.82

52周最高：78.65

52周最低：51.35

股本：6.52亿

流通股本：5.94亿

量比：0.66

换手率：0.15%

股息：0.31

股息率：0.42%

每股收益(TTM):6.25

每股收益(LYR):3.58

净资产收益率：20.19%

总资产收益率：3.77%

市净率：2.04

市盈率(LYR):21.16

数据加载中...

总览公司新闻资讯公告

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中国经营网

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中国经济新闻网

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招银国际证券有...

携程(09961)升3.46% 柬埔寨明年对华免签试行相关搜索量环比增20%

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营收降利润反增4.36%！首旅酒店前三季扣非增速仅2.15%，直营酒店减563家、中高端RevPAR降6.1%，携程减持套现

主播说丨携程高端游曝威胁丑闻差评后用户被骚扰至报警

携程为什么不着急？

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18:28","pubTimestamp":1765535308,"startTime":"0","endTime":"0","summary":"12月12日，在每日经济新闻联合海南国际经济发展局于海口举办的“2025第十四届上市公司发展年会·国际消费新机遇专场”上，携程集团副总裁秦静以平台数据洞察为基础，剖析了文旅消费市场的核心趋势变化，聚焦“游客从‘打卡’转向‘沉浸’”的具体表现。秦静提到，当前文旅消费市场正在发生多维度的深刻演变，主要体现在目的地、消费理念、客群与玩法四大层面。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://finance.eastmoney.com/a/202512123590298785.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202512123590298785.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["LU0737861772.HKD","LU1880383440.USD","LU2039709279.SGD","LU0164880469.USD","IE00B3M56506.USD","BK1604","LU0572944931.SGD","LU2106854487.HKD","HK0000320223.HKD","HK0000306685.HKD","LU0516422440.USD","IE00B8HQ1Z84.USD","LU0348735423.USD","LU1282649810.SGD","LU0516423174.USD","LU0594300419.USD","BK4526","IE0008369823.USD","LU1282649067.USD","IE00B543WZ88.USD","BK4588","IE0003795394.USD","LU0149721374.USD","LU0516423091.SGD","LU0737861699.HKD","LU0828237510.HKD","TCOM","LU0307460666.USD","LU0228659784.USD","09961","LU0329678170.USD","HK0000306701.USD","LU1242518857.USD","LU1868838027.USD","LU1102505762.USD","LU0039217434.USD","LU0327786744.USD","LU1251922891.USD","LU0143863198.USD","LU0588546209.SGD","LU1102505929.USD","LU0052750758.USD","LU1868837722.USD","LU0329678337.USD","LU1794554557.SGD","LU0315179316.USD","IE00B5MMRT66.SGD","LU0509642566.USD","LU0828238088.HKD","LU0561508036.HKD"],"gpt_icon":0},{"id":"2590246185","title":"梁建章：如何减少内卷","url":"https://stock-news.laohu8.com/highlight/detail?id=2590246185","media":"睿见Economy","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2590246185?lang=zh_cn&edition=fundamental","pubTime":"2025-12-12 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但对携程反馈较多】近日，云南省旅游民宿行业协会通过官方公众号发布《关于启动OTA不正当竞争反垄断维权工作的决定》，宣布将针对携程等在线旅游平台（OTA）涉嫌滥用市场支配地位的行为发起集体维权，引发市场广泛关注。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"stock_eastmoney","url":"http://biz.eastmoney.com/a/202512123589775284.html","rn_cache_url":null,"directOrigin":true},"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://biz.eastmoney.com/a/202512123589775284.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["IE00B0JY6N72.USD","IE00B8HQ1Z84.USD","LU1328277881.USD","LU2242644610.SGD","LU0261950470.USD","BK4588","BK1588","IE0034224299.USD","LU0327786744.USD","LU3063872942.SGD","HK0000320264.USD","LU0516423091.SGD","LU2778985437.USD","LU0455707207.USD","LU0261950983.USD","LU0431992006.USD","LU0051755006.USD","LU0502904849.HKD","LU0594300179.USD","LU0823397103.USD","LU0828237510.HKD","LU0143863198.USD","LU0359201885.HKD","LU2106854487.HKD","LU0828238088.HKD","SG9999000475.SGD","LU0329678337.USD","LU0329678170.USD","SG9999000418.SGD","TCOM","SG9999001903.USD","IE00BPRC5H50.USD","LU1282649810.SGD","LU0211977185.USD","09961","IE00B031HY20.USD","LU0509642566.USD","LU0561508036.HKD","BK1604","LU1023057109.AUD","LU0143863784.USD","SG9999001093.SGD","LU0251143458.SGD","LU0039217434.USD","LU0359201612.USD","LU2476274308.USD","LU1242518931.SGD","BK4531","LU2348773727.SGD","LU0417516902.SGD"],"gpt_icon":0},{"id":"2590544228","title":"携程集团秦静：情绪驱动成旅游新核心","url":"https://stock-news.laohu8.com/highlight/detail?id=2590544228","media":"中国经营网","labels":["corporation"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2590544228?lang=zh_cn&edition=fundamental","pubTime":"2025-12-11 16:37","pubTimestamp":1765442232,"startTime":"0","endTime":"0","summary":"12月10日，在《中国经营报》主办的“趋势之上信仰之下”2025中国 消费 趋势论坛上， 携程集团 副总裁秦静分享了2025年旅 游行 业的新趋势与变化。携程集团 副总裁秦静根据她的介绍，2025年情绪消费成为驱动旅游市场发展的核心动力，旅行正从传统的目的地驱动、兴趣驱动，全面转向情绪驱动，各类聚焦情绪价值的旅游产品与商业模式持续涌现，为行业注入新活力。秦静指出，情绪旅行已经成为新的旅行趋势。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251211165047979c6ff2&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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14:45","pubTimestamp":1765435516,"startTime":"0","endTime":"0","summary":"来自携程的统计，截至目前，国内滑雪、冰雪景区门票预订同比增长七成左右。河北、吉林、辽宁、新疆等地的冰雪旅游预售产品预订量迎来“开门红”，同比增长近20%，展现出强劲的市场活力。今冬入境冰雪游市场将迎来大幅增长。截至目前，携程平台上冰雪目的地的入境游订单量同比翻倍增长，其中，新疆、内蒙古、河北的入境游订单增长更加显著，分别达到158%、141%、130%。12月以来，相关产品预订热度持续增长。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251211144856979c3681&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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17:18","pubTimestamp":1765358314,"startTime":"0","endTime":"0","summary":"新华财经北京12月10日电（康耕甫）近期，携程、同程、途牛3家在线旅游上市公司相继发布的2025年第三季度业绩报告显示，今年第三季度携程集团营业收入和净利润领跑三家OTA平台，同程旅行依托下沉市场用户基础，通过双语客服、海外服务中心提升国际服务能力；途牛则聚焦小众目的地和直播带货模式激活存量用户价值。","market":"sh","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":["earning"],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202512103587750758.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["TOUR","09961","TCOM"],"gpt_icon":0},{"id":"2590370009","title":"【券商聚焦】招银国际：2026年将是争夺AI时代用户心智的关键之年","url":"https://stock-news.laohu8.com/highlight/detail?id=2590370009","media":"金吾资讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2590370009?lang=zh_cn&edition=fundamental","pubTime":"2025-12-10 13:18","pubTimestamp":1765343910,"startTime":"0","endTime":"0","summary":"金吾财讯 | 招银国际认为2026年将是争夺AI时代用户心智的关键之年，降低使用门槛、助力提升决策效率、创造真实价值是关注重点。而传统互联网业务中，具备稳定的主业现金流支撑AI相关业务投资和探索、拥有丰富的应用场景积累数据触达用户、供应链能力突出且业务运营能力出众支撑出海打开增量空间的公司或具备更高的长期投资价值。该机构仍建议采用“杠铃型”的投资策略，同时关注盈利增长的确定性及AI带来的新增量。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251210131916a43f3b50&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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10:49","pubTimestamp":1765334940,"startTime":"0","endTime":"0","summary":"专题：2025中国企业竞争力年会\n\n　“2025中国企业竞争力年会”于12月9日至10日在北京举行。携程集团副总裁秦静表示，银发人群他们对于社交的需求，对于情绪的需求其实是比年轻人更高的。他们日常接触到的新的信息，或者是他们接触到的人群会跟年轻人相比会相对稍微稍微少一些。\n　　“所以很多银发人群是期望能够在旅游的场景中，能够认识更多的同龄人。”她说。\n\n　　新浪声明：所有会议实录均为现场速记整理，未经演讲者审阅，新浪网登载此文出于传递更多信息之目的，并不意味着赞同其观点或证实其描述。\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：李思阳","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/hy/hyjz/2025-12-10/doc-inhahnvp0197086.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["LU1242518857.USD","IE0003795394.USD","LU0314109678.HKD","LU0516423091.SGD","LU0011963245.USD","SG9999000475.SGD","IE0008368742.USD","TCOM","LU0210526637.USD","BK1615","LU0561508036.HKD","LU1023057109.AUD","09961","LU0431992006.USD","LU0737861772.HKD","LU0348825331.USD","LU0650527681.SGD","LU0594300179.USD","IE00B3M56506.USD","IE0003851619.USD","LU0261950983.USD","LU0516422366.SGD","LU2424517915.HKD","LU1868837722.USD","LU0823426480.USD","LU0251143458.SGD","LU2106854487.HKD","LU1868837565.USD","LU1303224171.USD","LU2399975544.HKD","LU0320764599.SGD","BK4588","LU0370786039.SGD","LU0048580855.USD","LU0287142896.SGD","LU2023250504.SGD","LU1880383440.USD","LU0052750758.USD","LU1974910355.USD","LU0107464264.USD","HK0000306701.USD","LU0516422952.EUR","BK4142","LU0456827905.SGD","LU0823426308.USD","LU0049853897.USD","LU1794554557.SGD","LU0143863784.USD","HK0000320223.HKD","LU0871576103.HKD"],"gpt_icon":0},{"id":"2590137143","title":"携程秦静：周杰伦演唱会可带动当地超过10亿元直接消费","url":"https://stock-news.laohu8.com/highlight/detail?id=2590137143","media":"睿见Economy","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2590137143?lang=zh_cn&edition=fundamental","pubTime":"2025-12-10 10:30","pubTimestamp":1765333800,"startTime":"0","endTime":"0","summary":"“2025中国企业竞争力年会”于12月9日至10日在北京举行。携程集团副总裁秦静表示，以周杰伦济南演唱会为例，他带动当地的直接消费就超过了10亿元。因为文旅消费而带动的综合消费，比如定机票，酒店此带动的美食，打车，周边纪念品，带动的综合消费突破了30亿元。　　“其实90%以上都是跨城的歌迷，所以带动了酒店的成交额是上涨了345%，除了周杰伦演唱会门票以外。济南当地其他的景点的门票成交额，也带动上涨了44.6%。”","market":"fut","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://finance.sina.com.cn/hy/hyjz/2025-12-10/doc-inhahnvm0730710.shtml","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":"sina","symbols":["LU0348825331.USD","HK0000306701.USD","LU1974910355.USD","LU2023250504.SGD","LU2106854487.HKD","LU0011963245.USD","LU1023057109.AUD","LU1303224171.USD","LU1868837565.USD","LU2424517915.HKD","LU0287142896.SGD","LU1880383440.USD","BK1615","LU0261950983.USD","LU0251143458.SGD","BK4142","IE0008368742.USD","LU0650527681.SGD","LU0823426308.USD","IE00B3M56506.USD","LU0320764599.SGD","LU0737861772.HKD","LU0048580855.USD","09961","LU0370786039.SGD","TCOM","LU2399975544.HKD","LU0516423091.SGD","LU0143863784.USD","LU0594300179.USD","SG9999000475.SGD","LU0561508036.HKD","LU0431992006.USD","LU0516422952.EUR","LU0210526637.USD","LU0516422366.SGD","LU0456827905.SGD","LU0052750758.USD","LU0049853897.USD","LU0314109678.HKD","LU1794554557.SGD","IE0003851619.USD","LU0871576103.HKD","HK0000320223.HKD","LU0107464264.USD","LU1868837722.USD","LU1242518857.USD","BK4588","IE0003795394.USD","LU0823426480.USD"],"gpt_icon":0},{"id":"2590375632","title":"【券商聚焦】华泰证券：展望Q4 客运数据与酒店ADR数据均展现回暖迹象 OTA行业增长或有加速","url":"https://stock-news.laohu8.com/highlight/detail?id=2590375632","media":"金吾财讯","labels":["dataReport"],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2590375632?lang=zh_cn&edition=fundamental","pubTime":"2025-12-10 08:56","pubTimestamp":1765328170,"startTime":"0","endTime":"0","summary":"金吾财讯 | 华泰证券研报指，国内旅游行业3Q整体呈现人次增长有韧性，但是人均消费较弱的情况，展望4Q，客运数据与酒店ADR数据均展现较好回暖迹象，行业增长或有加速。3Q25 OTA平台收入基本符合VA一致预期，增速中枢高于海外的趋势延续，携程、同程3Q25间夜量同比保持中低双位数增长，其中携程国际平台板块增长迅速，而同程ADR增速则领先行业回正。估值层面，国内OTA平台在更高的收入增速中枢和利润释放潜力下，26年预期PE仍低于海外OTA。","market":"hk","thumbnail":"https://static.szfiu.com/news/20250109/MTU3MGM5Y2M3ZDk5Mjg2ODIwNjM2NDU0OA==.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20250109/MTU3MGM5Y2M3ZDk5Mjg2ODIwNjM2NDU0OA==.jpg"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1971232","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"dataReport","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0871576103.HKD","LU1328277881.USD","LU1808992512.USD","LU1770034418.SGD","LU0052750758.USD","LU0456827905.SGD","LU0588546209.SGD","LU1993786604.SGD","LU0531971595.HKD","TCOM","LU0417516738.SGD","LU0359201612.USD","LU0605514214.HKD","BK1604","LU0577902611.USD","LU0326950275.SGD","LU0880133367.SGD","LU1781817850.SGD","LU0348788117.USD","LU0540923850.HKD","LU1934453819.USD","LU2778985437.USD","SG9999001689.USD","LU0640798160.USD","LU0143863784.USD","LU0577902298.EUR","LU0269904917.USD","LU0828237940.HKD","BK1589","LU0143863198.USD","LU0117841782.USD","LU1813983027.USD","LU0823397103.USD","LU2153591404.USD","IE0003851619.USD","BK1588","LU0329678170.USD","BK0183","SG9999000459.SGD","LU0873338254.USD","LU0588545490.SGD","IE00B031HY20.USD","LU0650527681.SGD","LU0359202008.SGD","LU1328615791.USD","LU2460026573.USD","LU0588545904.SGD","LU0819121731.USD","LU0541501648.USD","LU0683595622.HKD","LU0868486357.SGD","LU0029875118.USD","LU0594300179.USD","LU0261950983.USD","LU0561508036.HKD","LU0417516902.SGD","LU0516423174.USD","LU1152091168.USD","LU1807302812.USD","LU0611395673.USD","HK0000306685.HKD","LU1048596156.SGD","LU0048580855.USD","LU0463099449.HKD","LU0054237671.USD","LU0501845795.SGD","SG9999002562.SGD","LU0828238088.HKD","LU0049853897.USD","BK1233","IE00B8HQ1Z84.USD","LU0211977185.USD","LU1481107354.HKD","LU2097828805.USD","LU0054450605.USD","LU1105468828.SGD","LU1152091754.HKD","LU1974910355.USD","IE0034224299.USD","LU1224709979.USD","LU3063872942.SGD","LU2399975544.HKD","LU2148510915.USD","LU1064130708.USD","BK1164","LU2226246903.HKD","SG9999000418.SGD","LU0823040885.USD","LU2097828631.EUR","LU0700851271.USD","BK1521","IE00B0JY6N72.USD","LU0327786744.USD","BK1615","METmain","LU0047713382.USD","LU0572944931.SGD","LU0173614495.USD","LU0244354667.USD","LU1580142542.USD","BK1618","LU0456846285.SGD","SG9999014674.SGD","LU2449936058.SGD","IE0003795394.USD","LU0072462343.USD","LU1719994722.HKD","LU0449509016.USD","LU0797268264.HKD","LU0348814723.USD","SG9999000475.SGD","LU0039217434.USD","LU0128522157.USD","IE00B8L5B284.USD","LU0345776255.USD","LU0672654166.SGD","IE0008369823.USD","LU0251144936.SGD","LU0543330483.HKD","LU2348773727.SGD","LU0149721374.USD","LU0345775950.USD","LU0823426480.USD","LU0509642566.USD","BK1142","BK1591","LU0214875030.USD","LU0320764599.SGD","LU0011963245.USD","LU1008478684.HKD","LU2045819591.USD","LU1064131003.USD","LU1880383366.USD","LU0823041008.USD","LU0577902454.USD","LU0326948709.USD","LU0307460666.USD","LU0502904849.HKD","LU2097828714.EUR","LU2257852520.SGD","LU0589944569.HKD","SGXZ90724238.SGD","LU0048575426.USD","LU1956131251.USD","BK0276","LU0593848301.USD","LU0072913022.USD","LU0384037296.USD","LU0499858438.USD","LU0516422366.SGD","LU0979878070.USD","SG9999002463.SGD","HK0000306701.USD","LU2424517915.HKD","LU2097828557.USD","LU1868838027.USD","LU1917777945.USD","LU1251922891.USD","LU0856984785.SGD","LU2488822045.USD","LU0164865239.USD","LU1115378108.SGD","LU1831875114.USD","LU1868837722.USD","IE00BPRC5H50.USD","LU1226287529.USD","LU0315178854.USD","LU0164880469.USD","LU0823426308.USD","LU0196878994.USD","LU2087589342.USD","BK1610","SG9999001093.SGD","LU0823038988.USD","LU1242518931.SGD","BK0012","LU0106252389.USD","LU0370786039.SGD","LU0488056044.USD","LU1023057109.AUD","LU1868837565.USD","SG9999002828.SGD","LU1282649067.USD","LU0164872284.USD","LU1303224171.USD","LU0455707207.USD","LU0048597586.USD","LU0231483743.USD","HK0000320264.USD","LU0210526637.USD","LU0594300419.USD","LU1102505929.USD","LU0348816934.USD","LU0431992006.USD","BK0028","LU0708995583.HKD","IE00B29SXG58.USD","HMTD.SI","LU1979443071.USD","LU2097828474.EUR","LU0516422440.USD","LU2476274308.USD","LU0823039010.USD","LU1323998911.USD","LU1961090484.USD","LU0633140727.USD","LU0348735423.USD","LU1048588211.SGD","LU0633140560.USD","LU0918141705.HKD","LU0499858602.USD","LU0823397285.USD","LU0320764755.SGD","LU0314109678.HKD","LU0918141887.USD","LU0737861772.HKD","LU2152927971.USD","LU0634319403.HKD","LU1688375341.USD","LU1720050803.USD","LU0107464264.USD","LU0541502299.USD","SG9999001903.USD","LU0577902371.SGD","BK1575","LU0278937759.USD","LU0449515922.USD","LU0228659784.USD","LU1188198961.HKD","LU2125910500.SGD","SG9999001051.SGD","LU0348825331.USD","00780","LU0287142896.SGD","LU0821914370.USD","LU1734074674.USD","LU0261950470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关键之年","url":"https://stock-news.laohu8.com/highlight/detail?id=2590763395","media":"招银国际证券有...","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2590763395?lang=zh_cn&edition=fundamental","pubTime":"2025-12-09 00:00","pubTimestamp":1765209600,"startTime":"0","endTime":"0","summary":"我们认为2026 年将是争夺AI 时代用户心智的关键之年，降低使用门槛、助力提升决策效率、创造真实价值是关注重点。本地生活行业竞争加剧程度超过市场预期， OTA 板块增长韧性好于市场预期。2025 年，OTA 出海发展速度超出预期，外卖出海经营效率提升好于预期，游戏出海平稳发展，电商出海因地缘政治影响边际放缓。展望2026，云业务的出海或将成为增量关注点，OTA 出海或仍维持高速营收增长，本地生活出海迎来高速发展期。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251209104608a72c50db&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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柬埔寨明年对华免签试行 相关搜索量环比增20%","url":"https://stock-news.laohu8.com/highlight/detail?id=2588096620","media":"金吾财讯","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2588096620?lang=zh_cn&edition=fundamental","pubTime":"2025-12-04 15:37","pubTimestamp":1764833837,"startTime":"0","endTime":"0","summary":"金吾财讯 | 携程(09961)午后维持高位，截至发稿，涨3.46%，报553.5港元，成交额9.23亿港元。柬埔寨政府当地时间12月2日发布官方文件说，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。文件说，柬埔寨政府同意对从中国前往柬埔寨的中国公民试行免签政策，允许停留14天。在4个月试行期内，中国公民无需申请签证，也无需缴纳任何费用，只需填写电子入境卡即可入境，且可以多次入境柬埔寨。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%。","market":"hk","thumbnail":"https://static.szfiu.com/news/20210810/ZTUyNTQ0NjcxODUwNQ==.jpg","type":0,"news_type":0,"thumbnails":["https://static.szfiu.com/news/20210810/ZTUyNTQ0NjcxODUwNQ==.jpg"],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"1970923","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":null,"symbols":["LU0327786744.USD","LU0048580855.USD","LU1813983027.USD","LU0455707207.USD","LU0828237510.HKD","HK0000320223.HKD","LU0052750758.USD","LU1808992512.USD","LU1956131251.USD","LU0531971595.HKD","SG9999000475.SGD","IE00B031HY20.USD","BK1588","09961","LU0605514214.HKD","BK4531","LU3063872942.SGD","LU1224709979.USD","LU0106252389.USD","LU2424517915.HKD","LU1974910355.USD","LU0228659784.USD","IE00B8L5B284.USD","LU2476274308.USD","LU2152927971.USD","TCOM","SG9999001093.SGD","LU0231483743.USD","LU0251143458.SGD","LU0823426480.USD","IE00B5MMRT66.SGD","LU0431992006.USD","LU0143863784.USD","LU0572944931.SGD","LU1282649810.SGD","BK1615","LU1880383366.USD","LU0269904917.USD","LU0456827905.SGD","IE00B543WZ88.USD","LU1868838027.USD","LU0329678170.USD","LU0359201612.USD","LU0509642566.USD","LU0737861699.HKD","LU0329678337.USD","LU0210526637.USD","LU1328277881.USD","LU0828238088.HKD","LU2023250504.SGD"],"gpt_icon":0},{"id":"2588019205","title":"阿里、百度、腾讯、携程，集体下跌","url":"https://stock-news.laohu8.com/highlight/detail?id=2588019205","media":"第一财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2588019205?lang=zh_cn&edition=fundamental","pubTime":"2025-12-03 16:38","pubTimestamp":1764751096,"startTime":"0","endTime":"0","summary":"12月3日，恒生指数收跌1.28%，恒生科技指数跌1.58%。传媒、房地产、医药生物、食品饮料等板块跌幅居前，国防军工、煤炭等板块上涨。科网股全线走低，小鹏汽车跌逾4%，蔚来、哔哩哔哩、地平线机器人跌3%，网易、快手、阿里巴巴、中芯国际跌逾2%，比亚迪股份、携程集团等跌超1%，百度集团、腾讯控股等跌近1%。新股乐摩科技上市首日收涨36.25%。","market":"hk","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"fenghuang_stock","url":"https://finance.ifeng.com/c/8omnd3mIOQF","rn_cache_url":null,"customStyle":"","selectors":"article, 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13:28","pubTimestamp":1764739695,"startTime":"0","endTime":"0","summary":"近日一名携程的黑钻会员遇到了一件烦心事，其表示订的机票被取消了，携程的处理态度并没有让他满意。该网友表示，在携程订了费城-里斯本的往返机票，去程已坐，明天返程，今天想去官网选返程座位发现返程票被取消了！作为携程黑钻用户，其表示以前觉得服务还挺好的，现在连黑钻都只会复制粘贴敷衍回复了吗？携程的困境提醒我们，即使是行业巨头，若不能持续满足用户需求、提升服务质量，也将在激烈的市场竞争中失去优势。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN20251203134123a4c99972&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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11:15","pubTimestamp":1764731717,"startTime":"0","endTime":"0","summary":"柬埔寨政府2日发布官方文件说，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。文件说，柬埔寨政府同意对从中国前往柬埔寨的中国公民试行免签政策，允许停留14天。在4个月试行期内，中国公民无需申请签证，也无需缴纳任何费用，只需填写电子入境卡即可入境，且可以多次入境柬埔寨。柬埔寨旅游部统计数据显示，今年1月至10月期间，柬埔寨吸引中国游客约100万人次。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":{"source":"tencent","url":"http://gu.qq.com/resources/shy/news/detail-v2/index.html#/?id=nesSN202512031114089527f27d&s=b","rn_cache_url":null,"customStyle":"body{padding-top:10px;}#news_title{font-weight:bold;#titleStyle#;}#news_description span{font-size:12px;#descriptionStyle#;}.footer-note{#statement#}","selectors":".mod-LoadTzbdNews, body","filters":".relate-stock, .hot-list, .recom-box, 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15:39","pubTimestamp":1764574758,"startTime":"0","endTime":"0","summary":"花高价本想买个省心旅程，结果却买来持续不断的电话轰炸和人身威胁——这是中国澳门游客甘先生，在携程平台预订“高端定制游”后的真实遭遇。","market":"us","thumbnail":null,"type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"http://finance.eastmoney.com/a/202512013579119771.html","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"-1","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"stock_eastmoney","symbols":["LU0650527681.SGD","LU0320764599.SGD","HK0000320264.USD","IE00B031HY20.USD","LU1794554557.SGD","LU0048575426.USD","LU0828237510.HKD","LU0871576103.HKD","LU0431992006.USD","LU1242518857.USD","LU1251922891.USD","LU0516422366.SGD","HK0000320223.HKD","LU1282649067.USD","LU0823397103.USD","LU2476274720.SGD","BK4534","LU0516422440.USD","09961","LU1303224171.USD","LU0823397285.USD","SG9999002562.SGD","LU0455707207.USD","SG9999011746.SGD","LU1328277881.USD","LU0737861772.HKD","LU1868837722.USD","LU0051755006.USD","LU0261950470.USD","LU0314109678.HKD","LU1961090484.USD","LU0868486357.SGD","TCOM","LU0228659784.USD","LU0823426308.USD","LU0054237671.USD","LU1023057109.AUD","BK4531","LU0594300419.USD","LU0370786039.SGD","LU0502904849.HKD","LU0348825331.USD","LU0828238088.HKD","LU2449936058.SGD","LU2106854487.HKD","LU1956131251.USD","IE00B8L5B284.USD","LU0287142896.SGD","IE0008369823.USD","LU1328615791.USD"],"gpt_icon":0},{"id":"2588716717","title":"携程为什么不着急？","url":"https://stock-news.laohu8.com/highlight/detail?id=2588716717","media":"蓝鲸财经","labels":[],"top":-1,"itemType":null,"share":"https://ttm.financial/m/news/2588716717?lang=zh_cn&edition=fundamental","pubTime":"2025-12-01 10:57","pubTimestamp":1764557823,"startTime":"0","endTime":"0","summary":"围剿声势浩大，但携程似乎纹丝不动，今年三季度净利润高达199亿元，比茅台的表现还耀眼。错位的竞争身处毛利高达80%的在线旅游行业，携程注定不缺挑战者。比如美团全年间夜量已经超过携程。纵览携程近五年的营收走势，旅游度假板块至今仍未触及2019年的45亿元高点，五年复合增长率为负。据Fastdata极数报告，男性消费者尤为信赖携程。究其本质，携程堪比一家披着OTA外壳的服务公司。","market":"us","thumbnail":"","type":0,"news_type":0,"thumbnails":[],"rights":null,"property":[],"language":"zh","translate_title":"","themeId":null,"theme_name":"","theme_type":"","isJumpTheme":false,"source_url":"https://www.lanjinger.com/d/1764391121033948477","is_publish_highlight":false,"source_rank":0,"column":"","sentiment":"0","news_top_title":null,"news_tag":"","news_rank":0,"length":0,"strategy_id":0,"source":"lanjinger_stock","symbols":["HK0000306685.HKD","LU0359201885.HKD","LU0211977185.USD","LU1224709979.USD","LU0588546209.SGD","LU0455707207.USD","LU0269904917.USD","LU2476274720.SGD","LU0828237510.HKD","LU1282649067.USD","LU0417516902.SGD","LU1868837565.USD","BK1587","LU1328277881.USD","LU0823426308.USD","LU0348825331.USD","LU2476274308.USD","LU1917777945.USD","LU0231483743.USD","HK0000320223.HKD","LU0329678337.USD","LU2153591404.USD","LU1102505929.USD","LU1868837722.USD","LU1282649810.SGD","LU0456827905.SGD","LU1880383440.USD","LU1956131251.USD","LU3063872942.SGD","LU0329678170.USD","LU0594300179.USD","LU0488056044.USD","HK0000306701.USD","LU0516423174.USD","LU1023057109.AUD","LU1880383366.USD","09961","SG9999000475.SGD","LU0261950470.USD","SG9999002463.SGD","IE00B3M56506.USD","TCOM","LU1303224171.USD","LU0327786744.USD","IE0003795394.USD","LU2039709279.SGD","LU0049853897.USD","LU0143863198.USD","IE00B031HY20.USD","LU0823397285.USD"],"gpt_icon":0}],"pageSize":20,"totalPage":20,"pageCount":3,"totalSize":385,"code":"91000000","status":"200"}]}}