Trip.com Group Limited is a travel service provider operating in China and internationally through its subsidiaries. It offers accommodation reservation, transportation ticketing, packaged tours, in-destination services, corporate travel management, and other travel-related services. The company acts as an agent for hotel and air ticket transactions, and provides train, bus, and ferry tickets, travel insurance, and various travel support services. It operates under brands including Ctrip, Qunar, Trip.com, Travix, Travelfusion, and Skyscanner. Formerly known as Ctrip.com International, Ltd., it changed its name to Trip.com Group Limited in October 2019. Founded in 1999, the company is based in Singapore.
Trip.com Q2 Revenue Rises 6% as Mobile Bookings Top 70%
Trip.com Group reported better-than-expected second-quarter results, with net revenue rising 6% year over year to 15.7 billion Chinese yuan. Adjusted earnings per ordinary share and ADS came in at 7.27 Chinese yuan, up from 7.20 Chinese yuan a year earlier, while adjusted EPS of $1.07 beat the analyst estimate of $0.91 and revenue of $2.308 billion topped the $2.290 billion estimate. Accommodation reservation revenue rose 6% year over year to 6.6 billion Chinese yuan, or 8% excluding a contra-revenue item tied to an administrative penalty from China's State Administration for Market Regulation, while package tour revenue climbed 8% to 1.2 billion Chinese yuan and corporate travel revenue increased 11% to 771 million Chinese yuan. Transportation ticketing revenue fell 1% to 5.4 billion Chinese yuan on softer demand, higher fuel prices, geopolitical tensions and industry compliance adjustments. Trip.com said more than 70% of its total bookings now come from mobile, a new high for the platform, and that revenue from its international online travel agency platform jumped more than 50% year over year, with first- and business-class flight bookings up more than 70% in the first half of 2026 and AI-assisted orders through TripGenie up about 400%.
Trip.Biz Launches Agent ONE AI Suite for Business Travel
Trip.Biz, the business travel brand of Trip.com Group, launched Agent ONE, a suite of four connected AI agents for the end-to-end business travel lifecycle, at its Transform 2026 summit in Singapore. The four agents are a Planning Agent, a Booking Agent, an Approval Agent and an Insight Agent. Trip.Biz said early performance targets show average booking time dropping from around 45 minutes to 2 minutes, a 90% efficiency improvement, while approval wait times fall from over an hour to under 3 seconds and a full travel analysis report is generated in under 7 minutes, a task that previously took analysts up to a week. CEO Tao Song positioned Agent ONE as a purpose-built AI solution rather than an incremental product update, and the company said the tool is now available globally across all Trip.Biz-supported markets. Trip.Biz also cited a 90% SLA compliance rate and an 80%+ satisfaction score across the region it serves.
Trip.com Beats Estimates as Diamondback Falls on $1.9 Billion Block Trade
Trip.com Group Limited reported second-quarter fiscal 2026 adjusted earnings of $1.07 per share, beating the Zacks Consensus Estimate of 98 cents, sending its shares up 3%. Shares of Diamondback Energy, Inc. fell 8% after largest shareholder SGF Capital executed a $1.9 billion block trade. The Goldman Sachs Group, Inc. shares fell 4% as financial stocks sold off on the Fed's rate hike and indications of additional tightening. Shares of Space Exploration Technologies Corp. gained 5.2% after the company announced plans for its 14th Starship test launch, targeted for Sept. 22.
Trip.com Q2 Non-GAAP EPADS of $1.07 Beats Estimates; Revenue of $2.3B Falls Short
Trip.com Group Limited reported second-quarter Non-GAAP earnings per American depositary share of $1.07, beating expectations by $0.22. Revenue for the quarter came in at $2.3B, up 9.5% year over year, but missed estimates by $20M. The results were released in the company's unaudited financial report for the second quarter and first half of 2026.
ttb partners with Trip.com to offer 1 extra reward point for every 2 baht spent on accommodation bookings
ttb credit cards have teamed up with Trip.com, a leading online travel platform, to offer a seasonal travel privilege to holders of ttb so fast, ttb absolute, ttb Global House and ttb Disney credit cards. Cardholders will earn 1 extra ttb rewards plus point on top of the normal points for every 2 baht spent when they book and pay for hotels and accommodation worldwide, on bookings of 5,000 baht or more per transaction, through the link https://th.trip.com/w/ttbbonuspoint. Bookings can be made from 10 September 2026 to 31 December 2026, with stays from 10 September 2026 to 28 February 2027, and cardholders can earn unlimited extra reward points throughout the campaign. In addition, ttb credit card holders can choose to split payments with 0% interest for 3 months through the ttb so goood service when their spending is 1,000 baht or more per receipt, via the ttb touch app. Spending transactions made through the ttb so goood instalment plan will still earn the extra reward points under the promotion.
Trip.com Group Reports 40% Increase in Active Travel Booking GMV
Trip.com Group reports a 40% increase in total travel booking GMV for active travel, or 'sportcations,' with searches for active sports experiences growing over 30% year on year. Markets like South Korea, Singapore, and Thailand saw bookings more than double, while the United Kingdom and Germany experienced over 100% and 600% growth respectively. Diving is the most-booked sporting experience globally, followed by ziplining, paragliding, skydiving, and cycling. Thailand, China, Australia, New Zealand, and Malaysia are emerging as top destinations for multiple active travel categories. Active travel-related posts on Trip.Moments have nearly doubled, growing 99% year on year, with comments growing twelvefold.
Mastercard Partners with Klook to Boost APAC Travel Spending
Mastercard Incorporated has signed a Memorandum of Understanding with Klook to develop more rewarding travel offerings, combining Klook's regional experiences platform with Mastercard's global payments infrastructure. The partnership aims to enhance cardholder value, expand access to travel and lifestyle experiences, and explore innovative payment solutions, with exclusive discounts and privileges planned for the year-end travel period. This move taps into a broader shift in APAC travel behavior, as Klook's 2026 research shows 47% of consumers actively seek deals and 73% are willing to visit lesser-known cities for unique events. For Mastercard, embedding its network into these spending journeys could support greater card usage and higher-value cross-border transactions. Competitors Visa and American Express are also strengthening their positions in experience-led travel, with Visa partnering with Trip.com Group and American Express enhancing Platinum benefits in Hong Kong. Mastercard's shares have risen 1.3% over the past year, and it trades at a forward P/E of 27.39, above the industry average of 19.62, with a Zacks Rank #3 (Hold).
Jin Jiang Hotels and Trip.com Sign Strategic MOU for ASEAN
A subsidiary of Jin Jiang Hotels has signed a three-year strategic memorandum of understanding with Trip.com Travel Singapore Pte. Ltd. to deepen engagement across the ten ASEAN nations. The collaboration introduces a unified fixed commission structure for participating properties, replacing volatile floating models to enhance transparency and cost predictability for franchisees. The partnership will combine Jin Jiang's offline hospitality portfolio with Trip.com's online global traffic to create a seamless tourism and accommodation ecosystem, addressing overseas customer acquisition challenges and boosting occupancy rates. Jin Jiang has also deployed dedicated development and operations teams in Malaysia, Indonesia, and Vietnam to support localized growth and upcoming property openings across Southeast Asia.
"Take 3 days off for a 13-day break" ignites dual-holiday travel boom, A-share tourism sector strengthens
On August 20, the A-share tourism sector strengthened amid intraday volatility. Nanjing Commercial & Tourism and Cuivei Co. hit their daily limit up, while Baiona Qiancheng, Jiuhua Tourism, Jinpu Landscape, Ciwen Media, and Shaanxi Tourism also rose in tandem. On the news front, according to the State Council General Office's notice on holiday arrangements for 2026, the Mid-Autumn Festival holiday runs from September 25 to 27, a total of 3 days with no adjusted working days, while the National Day holiday runs from October 1 to 7 with adjusted working days, a total of 7 days. The two holidays are separated by only 3 working days. If consumers apply for leave during those 3 working days, they can piece together a super-long 13-day holiday from September 25 to October 7. Entering August, the "take 3 days off for a 13-day break" leave strategy quickly gained momentum in the tourism consumption market, directly driving a rapid rise in search and booking interest for long-haul and outbound travel. Inquiry volumes for related products on online travel platforms such as Ctrip, Tongcheng, and Tuniu rose noticeably. According to data from Qunar, as of August 10, booking interest for popular domestic cities during the Mid-Autumn and National Day holidays grew 30% year on year, while interest in popular outbound cities grew more than 50%. According to data from U-Tour, as of August 12, travel products for the National Day golden week had already accounted for 75% of customer intake, with the pace of bookings significantly faster than the same period last year, and overall trip registrations up 70% year on year. According to big data from the official civil aviation direct sales platform Umetrip, as of August 11, bookings for domestic flight tickets with travel dates from September 25 to October 7 exceeded 1.71 million, up about 7% year on year, while bookings for international and regional flight tickets exceeded 1.28 million, up about 11% year on year. BOC International analysis pointed out that this year's Mid-Autumn and National Day holidays are only 3 days apart, and some consumers have already pieced together a long holiday through the "take 3 days off for a 13-day break" approach. A longer holiday period is expected to help unleash demand for long-haul and cross-border travel. In the first half of 2026, domestic residents made 3.463 billion trips, an increase of 178 million over the same period last year, up 5.4% year on year, with total travel spending reaching 3.21 trillion yuan, up 2.0% year on year. With State Council approval, the Ministry of Culture and Tourism recently issued the 15th Five-Year Plan for building a strong tourism nation, proposing that by 2030 domestic residents will make 8.3 billion trips, total domestic travel spending will reach 7.7 trillion yuan, and inbound tourism will reach 190 million visits with total spending exceeding 150 billion US dollars.
China tourism price wars threaten rare bright spot in consumer spending
China's domestic tourism market is weakening faster than expected, clouding one of the few bright spots in the country's sluggish consumer economy. Hilton China now expects revenue per available room to fall by low single digits this year, worse than earlier expectations for a flat performance, after swinging from 1.3% growth in the first quarter to a 2.2% fall in the second quarter. Across China, hotel RevPAR has tumbled 6% year-on-year through late July, following a 1% drop in June, according to Smith Travel Research data cited by Goldman Sachs. A three percentage point drop in occupancy along with a 1% decline in average daily rates versus a year ago dragged down revenue. The travel sub-index of the consumer price index dropped by 0.6% in June from the prior month, with China's chief statistician pointing to sharp price drops in hotel rates and airfares. Inbound travel offers modest support, with overseas visitors accounting for 12% to 13% of total tourism spending, and Hyatt's Greater China RevPAR rose 7.2% year-on-year in the second quarter, driven by leisure luxury.
ST Jihua Fined 23.2 Million Yuan for Financial Fraud, 13 Individuals Penalized
ST Jihua has been fined a total of 23.2 million yuan, along with 13 responsible individuals, for false records in its annual reports from 2018 to 2021. The China Securities Regulatory Commission ordered the company to correct the violations, issued a warning, and imposed a fine of 7 million yuan. Thirteen former senior executives were given warnings and fined between 500,000 yuan and 2.5 million yuan each. In a separate case, Trip.com was fined 5.179 billion yuan by the State Administration for Market Regulation for abusing its dominant market position in monopolistic practices, marking the first time antitrust enforcement has penetrated deeply into the online travel vertical. Hainan Huatie was fined 3 million yuan for failing to disclose material progress on a 3.69 billion yuan computing power service agreement in a timely manner. Jinguan Corporation and four responsible individuals received a warning letter from the Jilin Securities Regulatory Bureau for inaccurate disclosure of a winning bid amount. Lanyu Corporation and its responsible individuals received a warning letter from the Zhejiang Securities Regulatory Bureau for violations in managing idle raised funds. ST Fucheng and its responsible individuals were given a regulatory warning by the Shanghai Stock Exchange for two errors in its annual report data. Jiaci Technology shareholder Liang Difei plans to donate 10 million company shares to the University of Electronic Science and Technology of China Education Development Foundation.
Trip.com shares rise but lag broader market, Zacks rates stock a Strong Sell
Trip.com closed at $46.48, up 1.04% on the day, trailing the S&P 500's 1.66% gain. The travel services company has risen 11.98% over the past month, outperforming the Consumer Discretionary sector's 1.92% advance and the S&P 500's 1.49% decline. Analysts expect Trip.com to report earnings per share of $0.98, a 2.97% year-over-year drop, on revenue of $2.31 billion, up 11.49%. For the full fiscal year, the Zacks Consensus Estimate calls for earnings of $3.77 per share, a 42.18% decline, and revenue of $9.94 billion, a 13.47% increase. The stock carries a Zacks Rank of #5 (Strong Sell) and trades at a forward price-to-earnings ratio of 12.21, a discount to the Leisure and Recreation Services industry average of 17.72.
Trip.com Group Faces ¥5.20 Billion Antitrust Fine and Operational Overhaul
Trip.com Group Limited was fined ¥5.20 billion by China's State Administration for Market Regulation for abusing its dominant position in the domestic online hotel-booking market, including using platform rules and technical measures to secure exclusive lowest-price deals with certain hotels, and was ordered to refund withheld booking deposits. The company has accepted the regulator's decision and will implement rectification measures aimed at strengthening governance and supporting sustainable development of the travel industry. A class action lawsuit filed in the US in March 2026 alleges misleading disclosures around regulatory and monopolistic risks, adding legal and compliance uncertainty. The fine and required operational changes raise questions about whether Trip.com's hotel bargaining power will weaken enough to materially drag on growth or margins, potentially affecting its investment narrative.
Trip.com Group accepts administrative penalty from China's market regulator
Trip.com Group has accepted an administrative penalty decision issued by the State Administration for Market Regulation of the People's Republic of China. The company stated it will adopt rectification measures in accordance with applicable laws and regulations to implement the decision's requirements. Trip.com Group also plans to strengthen its long-term governance mechanisms and contribute to the sustainable development of the travel industry. A management conference call is scheduled for 8:00 AM U.S. Eastern Time on July 27, 2026.
Trip.com Launches AI-Powered Tools to Simplify Travel Planning and Navigation
Trip.com has introduced a suite of AI-powered tools and destination services designed to help travelers overcome common challenges such as language barriers, overwhelming choices, and long queues. The offerings include TripGenie, an in-app AI travel assistant that features a Menu Assistant for instant menu translation, Live Translation for real-time conversations, and Image Recognition to identify landmarks and provide information. Trip.Planner creates personalized itineraries based on travel style and preferences, while the platform also enables pre-booking of attractions and simplified train ticket purchases across Europe and Asia. A 24/7 customer support and SOS feature provide assistance during unexpected situations, reflecting a broader shift toward end-to-end travel support.
Visa Launches Three New Visa Infinite Card Tiers in Asia Pacific
Visa has announced the launch of a revamped Visa Infinite card lineup in the Asia Pacific region, restructuring it into three tiers: Visa Infinite, Visa Infinite Privilege, and Visa Infinite Private, the highest tier available by invitation only. The move targets high-net-worth individuals, a segment expected to grow at an average of 8 percent annually through 2030, with nearly 31 percent of the world's ultra-high-net-worth individuals residing in the region. New benefits emphasize personalized experiences across travel, dining, wellness, and entertainment through partnerships with global allies such as Visa Luxury Hotel Collection, Agoda, Trip.com, and Chenot Palace Weggis. Anthony Watson, Visa's Country Manager for Thailand, said the change reflects consumer expectations that increasingly seek meaningful experiences over status display.
Citi Cuts Trip.com Target to $64 as Q2 Guidance Disappoints
Citi analyst Brian Gong cut his price target on Trip.com Group to $64 from $82 while maintaining a Buy rating, citing disappointing second-quarter 2026 guidance. Trip.com projected revenue growth of just 3% to 8%, a sharp deceleration from the 17% year-over-year growth posted in the first quarter of 2026. Gong noted that elevated fuel costs are suppressing travel demand, feeding directly into the weaker revenue outlook. Benchmark analyst Fawne Jiang also lowered his target to $65 from $72, keeping a Buy rating, and reduced fiscal 2026 forecasts due to a cautious near-term demand outlook and limited visibility in the second half.
Wall Street upgrades Palantir, Chevron, Adobe; downgrades SkyWest, Greenbrier
HSBC upgraded Adobe to Buy from Hold with a price target of $308, up from $282, arguing the market overestimates the adverse impact of AI-based design tools. DA Davidson upgraded Palantir to Buy from Neutral with a price target of $175, up from $165, noting the company has grown into its valuation as profits rose significantly and the stock's multiple contracted. Wolfe Research upgraded Chevron to Outperform from Peer Perform with a $210 price target, citing incremental production options that extend the free cash flow growth outlook beyond 2030. Needham upgraded Silicom to Buy from Hold with a $60 price target after the company announced material progress with a new AI inference customer, resulting in initial production orders. TD Securities upgraded BCE to Buy from Hold with an unchanged price target of C$37, calling the 13% selloff since early June unjustified and an attractive entry point. On the downgrade side, Goldman Sachs cut SkyWest to Neutral from Buy with a price target of $108, down from $126, citing downside risk to block hours. Susquehanna downgraded Greenbrier to Neutral from Positive with an unchanged price target of $52, pointing to a lack of visibility on improved builds and tariffs. Barclays downgraded Dana to Equal Weight from Overweight with a price target of $33, down from $41, believing the path to a higher valuation multiple will take time. DA Davidson downgraded AGNT Inc. to Neutral from Buy with a price target of $6.50, down from $10.25, as checks suggest core U.S. agent count trends resumed their downward trajectory midway through Q2. China Renaissance downgraded Trip.com to Hold from Buy with a $42 price target. Among new initiations, BMO Capital started Honeywell Aerospace with an Outperform rating and $276 price target, implying 21% upside. JPMorgan resumed coverage of On Holding with an Overweight rating and $51 price target, placing the shares on Positive Catalyst Watch. RBC Capital initiated NiSource with an Outperform rating and $52 price target, highlighting a rare combination of above-peer EPS growth and a favorable data center setup in Indiana. RBC Capital also initiated PSEG with a Sector Perform rating and $81 price target, noting the New Jersey regulatory overhang is potentially alleviating but wanting more clarity. KeyBanc initiated Waystar with an Overweight rating and $30 price target, seeing a large valuation disconnect given the company's high-margin growth story with large moats.
Visa launches travel platform and expands cross-border partnerships
Visa has launched "Visa Destinations", a travel platform offering curated experiences and exclusive benefits to cardholders in key global locations. The company also announced new and expanded partnerships with Santander, Global Blue, Star Alliance, and Trip.com Group to support travel-focused services. In high-growth regions, Visa is increasing its presence through a direct partnership with 9Pay in Vietnam and by deploying Visa Cloud Connect with Thredd in Asia Pacific to support cross-border and digital commerce. These moves aim to deepen cardholder engagement and capture more value from the experience-driven travel economy and emerging market digital commerce.
Trip.com Group Reports 17% Revenue Growth in FQ1 2026
Trip.com Group reported solid FQ1 2026 financial results, with total net revenues rising 17% year-over-year to RMB16.2 billion. Growth was driven by resilient travel demand, highlighted by a 65% increase in international platform bookings and a 90% surge in inbound travel. Net income for the quarter was RMB2.5 billion, down from RMB4.3 billion in the same period last year. The company projects year-over-year revenue growth to decelerate to 3% to 8% in FQ2 2026, reflecting broader macroeconomic headwinds and operational adjustments. Trip.com Group also disclosed it is cooperating with an investigation by China's State Administration for Market Regulation regarding potential anti-monopoly conduct, with the outcome and financial impact remaining uncertain.
Trip.com shares hit 52-week low after weak Q2 outlook
Trip.com shares fell nearly 13% to a new 52-week low after the company guided for second-quarter revenue growth of just 3% to 8%, a sharp deceleration from the 17% growth reported in the first quarter. First-quarter revenue reached $2.35 billion, beating estimates, driven by a 90% surge in inbound China bookings and a 65% jump in international platform bookings. Management cited rising energy prices, geopolitical tensions, and operational upgrades tied to an ongoing anti-monopoly investigation as factors weighing on the outlook. Despite the selloff, analysts maintain a consensus Moderate Buy rating with an average price target of $68, implying over 65% upside, and the stock trades at a steep discount to peers like Booking Holdings and Airbnb.
Visa Launches New Travel Destination Platform in 10 Global Cities
Visa launched a new travel destination platform called Visa Destinations on June 25. The mobile-first platform is available exclusively to Visa cardholders and is now live in 10 major cities and destinations, including Paris, London, Dubai, Milan, Rome, Mexico City, New York, Miami, San Francisco, and Thailand. Cardholders can access curated city guides, tastemaker recommendations, and exclusive experiences across dining, wellness, shopping, entertainment, and transport, with premium cardholders receiving an enhanced tier of benefits. Partners backing the platform include Santander, Global Blue, Star Alliance, and Trip.com Group. Management noted that global travel is expected to increase 10% annually, and the company aims to build a deeper role in the travel-driven economy beyond payment processing.
S&P 500 Futures Rise as Tech Leads Ahead of Inflation Data
US stock futures pointed higher Friday morning, with E-mini S&P 500 contracts up about 0.7% and Nasdaq-100 futures ahead more than 2%, as investors weighed three key signals. The Fed's preferred inflation gauge, PCE for May, is expected to run hotter, potentially keeping interest rates higher for longer. US oil inventories have dropped to multi-decade lows, which could feed into fuel and transport costs, while new home sales fell 7.3% in May, showing higher borrowing costs are still biting the housing market. Among top movers, Sandisk surged 21.97% after Citi raised its price target citing tight NAND conditions, Micron Technology jumped 15.74% on a strong earnings beat and higher guidance, and Applied Materials climbed 13.42% after launching new AI-focused chipmaking tools. On the downside, Trip.com Group declined 12.55% after multiple analysts cut price targets following softer Q2 revenue guidance, Honeywell Aerospace fell 9.79%, and Strategy dropped 9.35% despite announcing a new customer deployment.
Stocks making the biggest moves midday: BlackBerry, Kymera, Apple, and more
Several stocks made significant moves in midday trading. Kymera Therapeutics surged 17% after enrolling in a Phase 2b trial for its atopic dermatitis drug KT-621. BlackBerry rallied 20% on better-than-expected fiscal first-quarter results, posting adjusted earnings of 4 cents per share on revenue of $152.9 million. Apple slid nearly 5% after announcing price hikes on MacBooks and iPads, citing growing demand and rising memory and storage costs. AeroVironment fell 4% ahead of its fourth-quarter report next Monday and after disclosing it will restate prior results. Microsoft dropped 3.8% after saying it would raise Xbox console prices by $100 for the 512-gigabyte model and $150 for the 1-terabyte model. Hertz Global declined more than 9% following a 37-million share secondary offering priced at $2.70 per share. Micron soared 15% after third-quarter adjusted earnings of $25.11 per share blew past expectations, with revenue quadrupling to $41.46 billion. Qualcomm gained 8% after nearly doubling its 2029 non-handset revenue projection to $40 billion. Memory stocks also moved higher, with Sandisk jumping 18%, Western Digital rising 7%, and Lam Research adding 5%. Wendy's reversed earlier gains to trade down nearly 3% as retail trader momentum eased. Trip.com shed almost 2% after its fourth-quarter adjusted earnings and revenue missed expectations. Bio-Techne rallied 19.7% after agreeing to be acquired by Merck for $73 per share. Dollar Tree dropped 1.6% after a major shareholder sold shares in a block trade. McCormick gained 4% after reporting second-quarter adjusted earnings of 80 cents per share, topping estimates.
Trip.com misses Q1 earnings estimates with $0.83 per share
Trip.com reported first-quarter earnings of $0.83 per share, missing the Zacks Consensus Estimate of $0.85 per share and marking a negative earnings surprise of 2.35%. Revenue came in at $2.35 billion, slightly above the consensus estimate by 0.99% and up from $1.91 billion a year ago. The company has beaten revenue estimates in all of the last four quarters but has surpassed earnings estimates only twice in that period. Trip.com shares have fallen about 36.7% year to date, contrasting with a 7.6% gain for the S&P 500.
Trip.com Group Q1 2026 revenue rises 17% to RMB16.2 billion
Trip.com Group reported unaudited first-quarter 2026 total net revenues of RMB16.2 billion, a 17% year-over-year increase driven by resilient travel demand. International platform gross bookings surged approximately 65% and inbound travel bookings jumped roughly 90% year-over-year. Net income attributable to shareholders fell to RMB2.5 billion from RMB4.3 billion a year earlier, while non-GAAP net income attributable to shareholders was RMB3.9 billion. The company disclosed it is cooperating with a State Administration for Market Regulation investigation into potential monopolistic conduct under China's Anti-Monopoly Law. For the second quarter, Trip.com Group expects net revenue growth to decelerate to approximately 3% to 8% year-over-year, citing macro headwinds and operational adjustments.
Micron and Trip.com earnings, US new home sales data due Wednesday
On Wednesday, June 24, investors will watch earnings from Micron Technology and Trip.com, along with US new home sales data for May. Micron reports third-quarter results, with analysts expecting profits to benefit from strong AI-driven demand for its memory chips used in data centers. Trip.com also reports quarterly results, with shares down more than 11% over the past three months as consumers weigh travel amid inflation pressures and ongoing geopolitical tensions. On the economic front, economists forecast new home sales to rise at an annualized rate compared to last month, offering insight into home buyers adapting to elevated mortgage rates and affordability issues.
Trip.com and Tourism Tasmania Sign Strategic MoU to Boost Global Tourism
Trip.com Group and Tourism Tasmania have signed a one-year strategic Memorandum of Understanding to accelerate the growth of Tasmanian tourism in global markets. Announced at the Envision Conference in Shanghai, the partnership aims to promote Tasmania's nature-based travel experiences to international tourists by leveraging Trip.com's extensive network and marketing expertise. The agreement focuses on enhancing the visibility of Tasmanian travel products, including accommodations and signature attractions, on Trip.com's platform, while providing specialized training for Trip.com staff to improve service quality. The collaboration will also use data-driven insights to launch targeted marketing campaigns across the Chinese Mainland, Hong Kong, Southeast Asia, and Australia. This MoU builds on previous recovery initiatives launched in the Chinese market in 2022 and subsequent expansions into Hong Kong and Singapore.
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