Citi is bullish on these 2 Chinese travel stocks heading into the autumn holidays
Citi reiterated Buy ratings on Tongcheng (THG) and Trip.com (TCOM), citing attractive valuations and upcoming holidays as potential catalysts. Tongcheng reported Q2 2026 revenue of RMB 5.0 billion and net profit of RMB 851 million. Trip.com faces near-term headwinds but is expected to outperform in 2027. Analysts adjusted TCOM's price target to $60, maintaining Buy ratings.
How this was made
The 30-second read
Why it matters
Analyst coverage adds fresh perspective on earnings and seasonal demand, offering a short‑term trading angle.
Market read
Earnings and analyst rating provide a new catalyst for Trip.com, with limited broader market impact.
What to watch
Potential impact of extreme weather and oil price volatility on travel costs.
Background
Citi highlights two Chinese travel platforms, Tongcheng and Trip.com, as attractive valuations ahead of the Mid‑Autumn Festival and Golden Week.
Ticker impact
Citi reiterates Buy on Trip.com, cites Q2 results and upcoming holiday demand as catalyst.
Potential modest upside in the next weeks as holiday travel picks up.
Buy rating and holiday demand outlook provide a fresh catalyst, but macro softness tempers upside.
Market effects
Travel sector may see modest lift from Chinese holiday demand.
Chinese consumer travel spending could benefit related equities.
Limited to travel and consumer discretionary themes.
Counterpoint
Macro softness and take‑rate pressure could outweigh holiday demand boost.
Key entities
- CompanyTrip.com
Chinese online travel agency (ticker TCOM).
