Due to improved marketing efficiency in the Chinese market and more prudent marketing expenditures, TRIP.COM-S (09961.HK) -11.400 (-2.280%) Short selling $223.64M; Ratio 14.317% (TCOM.US) 's 1Q25 earnings beat market consensus, according to Macquarie's research report. As supply stabilizes, the decline in domestic hotel average daily rates may continue to improve.Macquarie adjusted its 2025/ 2026 earnings forecasts for TRIP.COM-S by +4%/0% to reflect current earnings trends, and lifted its target price for Trip.com Group (TCOM.US) from US$70.3 to US$74.5, with rating at Outperform. (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)Related NewsTRIP.COM-S 1Q Net Profit RMB4.277B, Down 0.8%; Adj. EBITDA Up 6.9%