0650 GMT - Trip.com's total revenue will likely to grow 14% on-year to about CNY14.6 billion in the second quarter, Jefferies analysts write in a note.The company's 1Q revenue was in line with market expectations, and the company has reported solid domestic travel during the Labor Day break and resilient trends overseas, Jefferies says. By segment, its accommodation revenue may grow 16% on-year to CNY6 billion and transportation revenue may rise about 9% to CNY5.3 billion in 2Q, the analysts say. Its outbound travel, which has outpaced industry growth, is expected to improve its capacity this year, they say and expect fast growth in international and domestic travel. Jefferies maintains a buy rating and Trip.com's ADR target price at $80.00. The ADRs last closed at $67.10. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 20, 2025 02:50 ET (06:50 GMT)
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