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Trip.com (TCOM) Stock Drops Despite Market Gains: Important Facts to Note
Ctrip: During the Olympics, the number of mainland Chinese travelers booking Paris hotel orders increased by 194% year-on-year.
According to the data released by Ctrip, as of now, the total volume of orders made by mainland Chinese tourists traveling to Paris during the Olympics (7.26-8.11) has increased by 114% YoY. The volume of hotel orders in Paris booked by mainland tourists has increased by 194% YoY, and the volume of car rental orders in France has increased by 126% YoY.
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CITIC Securities: Domestic tourism is expected to remain stable this summer, while the demand for outbound tourism continues to recover.
Domestic tourism during the summer is expected to remain stable, while demand for outbound tourism continues to recover. The resilience of leisure travel consumption demand continues to be validated.
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