0849 GMT - Trip.com may face slowing revenue growth in 2025, Nomura analysts say in a research note. Chinese travel demand and sentiment may be dented by a challenging macro environment, similar to trends seen in other consumer-facing industries over the past two years, the analysts say. Against this backdrop, Nomura forecasts the Chinese online travel agency's domestic tour revenue to grow 8% in 2025, slowing from 10% growth last year. Outbound tour revenue is projected to grow 18% this year, compared with 58% last year, the analysts say. Nomura keeps a neutral rating on the stock and cuts its target price on the ADRs to US$57.00 from US$61.00. The ADRs last closed at US$58.61. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
February 27, 2025 03:49 ET (08:49 GMT)
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