携程集团-S:深耕国内根深枝叶茂 扬帆出海破浪正当时

方正证券
24 Feb

携程为我国OTA 龙头。公司凭借内生培育出的强大地推团队和客服系统领先行业,辅以外延收购实现全业务板块、产业链和跨市场布局,牢握国内中高端流量及高星高线酒店供应链资源。2023 年,公司收入/Non-Gaap 净利润分别为446/131 亿元,遥遥领先于其他竞对,2024 年前三季度,公司收入同增19%,盈利能力持续改善。且海外品牌Trip.com 处于快速增长期,盈利能力即将兑现。国内:B 端和...

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