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<Research>Citi Expects TRIP.COM-S 1Q26 Rev. In Line; Middle East Conflict Impact Manageable
Recommend
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Positive
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Negative
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Citi has issued a research report expecting TRIP.COM-S (09961.HK) to report in-line revenue and adjusted operating profit for 1Q26.

Looking ahead to 2Q26, Citi estimates the impact of the Middle East conflict to remain manageable for TRIP.COM-S, as these regions should contribute only less than a low-single-digit percentage to the company's outbound travel and Trip.com's revenue. Besides, travel demand to those regions may shift to other destinations.

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Believing that Trip.com has healthy travel demand and growth potential, Citi has kept a Buy rating and a target price of USD82 for Trip.com (TCOM.US).
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