携程狂赚199亿背后:小酒店品牌被榨干,投资人三重压力下难喘息观点

TMT观察网
Dec 10, 2025

最近,携程-S(09961.HK)公布了一份让整个行业都惊掉下巴的三季报:营收183亿元,净利润却高达199亿元,同比增加194.01% ,利润竟比营收还多出16亿。三个月净赚近200亿,三个月净赚额比茅台 还多出近百亿。一时间,“携程为什么这么赚钱?”成为酒旅圈热议的话题。利润暴涨的直接原因,是携程出售了部分“印度携程”MakeMyTrip的股权,一次性进账170亿元。但抛开这笔特殊收益,携程...

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