智通财经APP获悉，大和发布研报称，在更广泛的市场影响力和免签政策的支持下，携程集团-S(09961,TCOM.US) 今年首季国际预订量同比增长超60%，入境旅游预订量激增一倍，该行预计增长势头将在全年持续，并预计二季度和全年国际业务收入增长52%。重申“买入”评级，基于25倍目标市盈率，目标价由735港元升至745港元。
随着集团对国际业务的持续投资，该行预计全年利润率会有轻微下跌，但如果市场推广支出低于预期，则有可能高于集团指引。该行将携程2025年每股盈利预测下调2%，以反映较高的市场推广费用。国内方面，境内游需求仍然持续，预期二季度境内酒店预订量有15%左右(mid-teens)增长，而平均房价跌幅则收窄至低单位数。境外游于首季维持强势，酒店及机票预订量均超过疫情前水平。
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