0749 GMT - Trip.com's revenue growth could be weighed by falling prices for hotels and tickets, despite steady demand, Morningstar analyst Kai Wang says in a research note. The analyst thinks Trip.com's overseas platform, which drives much of its growth, should be a long-term revenue catalyst. Average daily rates for hotel rooms have declined due to a greater supply of cheaper hotels entering the market, Wang notes. China's downtrading trend still holds, as consumers prefer cheaper options, the analyst says. However, Morningstar lifts Trip.com's fair-value estimate to HK$512.00 from HK$480.00 given the company's medium-term margin expansion, as the firm is undergoing cost-cutting initiatives. Its shares are last at HK$499.00.(sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 21, 2025 03:49 ET (07:49 GMT)

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