Tongcheng Travel's Acquisition Pace Could Slow -- Market Talk

Dow Jones

01/22

0501 GMT - Tongcheng Travel is likely to slow its acquisitions this year after completing several buys in 2025, Citi analysts Brian Gong and Alicia Yap say in a note. The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. (megan.cheah@wsj.com)

(END) Dow Jones Newswires

January 22, 2026 00:02 ET (05:02 GMT)

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The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. 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The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. (megan.cheah@wsj.com) \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 22, 2026 00:02 ET (05:02 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0278937759.USD","symbol_name":"abrdn SICAV I - EMERGING MARKETS SMALLER COMPANIES\"A\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2605451780","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2605451780","pubTimestamp":1769058120,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0501 GMT - Tongcheng Travel is likely to slow its acquisitions this year after completing several buys in 2025, Citi analysts Brian Gong and Alicia Yap say in a note. The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0278937759.USD":"abrdn SICAV I - EMERGING MARKETS SMALLER COMPANIES\"A\" (USD) ACC","SG9999001093.SGD":"United Greater China Fund A Acc SGD","BK1164":"酒店、度假村与豪华游轮","BK1615":"港股-互联网","BK1516":"腾讯概念","SG9999001226.SGD":"UNITED SUSTAINABLE ASIA TOP 50 \"A\" (SGD) ACC","SG9999001051.SGD":"United Asia Fund SGD","LU0640798160.USD":"EASTSPRING INVESTMENTS GLOBAL EMERGING MARKET DYNAMIC \"A\" (USD) ACC","LU2460026573.USD":"abrdn SICAV I -  CHINA NEXT GENERATION \"A\" (USD) ACC","BK1604":"节假日概念","00780":"同程旅行","LU1115378108.SGD":"Eastspring Investments - Global Emerging Markets Dynamic AS SGD","SGXZ90724238.SGD":"UNITED ASIA \"A\" (SGD) INC","LU0315179316.USD":"EASTSPRING INVESTMENTS ASIAN DYNAMIC \"A\" (USD) ACC"},"translate_title":"同程旅行的收购步伐可能会放缓——市场传言","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00780":0.9},"content_text":"0501 GMT - Tongcheng Travel is likely to slow its acquisitions this year after completing several buys in 2025, Citi analysts Brian Gong and Alicia Yap say in a note. The Chinese travel company could focus on buying light assets that have clear synergy with its online travel agency business, they say. Expansion into lower-tier cities, a recovery in the hotel average daily rate, and the outbound travel segment could then boost Tongcheng's hotel revenue growth and margins, they add. Despite Tongcheng's recent share-price decline, the company is unlikely to be weighed by the regulatory probe into major shareholder Trip.com Group, as its operations are relatively independent, the analysts add. Citi maintains its buy rating and HK$28.00 target. Shares are down 1.8% at HK$23.18. 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