Trip.com (TCOM, Financial) shares rose 3.02% to $75.01. As December begins, winter tourism is entering its peak season. Data suggests that the tourism surge in Northeast China will continue through the Lunar New Year. The 26th Harbin Ice and Snow World, themed "Shared Dreams of Ice and Snow, United Asia," is set to open mid-December, expanding to 1 million square meters with 300,000 cubic meters of ice and snow, making it the largest ice and snow theme park to date.
Goldman Sachs analyst Simon Cheung maintained a "buy" rating for Trip.com, raising the target price from $75 to $83. Goldman notes that two years post-pandemic, China's travel demand is largely back to normal, with expected growth in both outbound and inbound tourism next year, benefiting online travel platforms, hotels, and airlines.
