V i e w p o i n t | 28 Aug 2025 11:14:59 ET │ 14 pages Trip.com Group Ltd (TCOM.O) Resilient Revs with Better-than-Expected Margin Trajectory CITI'S TAKE TCOM's 2Q25 results were better-than-expected thanks to decent revs and solid earnings. Revs beat was likely due to continuous momentum on Trip.com and strong other revs growth driven by ads. Into 2H25E, we expect domestic revs growth likely to remain resilient with decent hotel room nights growth despite soft transportation ticketing, outbound could slow ...

A major global B2B traveltech company HBX Group is a major global B2B traveltech company HBX Group value proposition > > > > > > Connecting and empowering the world of leisure travel powered by a best-in-class technological platform Airline and loyalty programmes Long-standing relationships with travel distributors c.60k Distribution Partners(1) Online marketplaces Tour operators and travel advisors Other distributors High-quality inventory with vast supplier network c.100k Directly contracted hotels(1,2) A ...