<p>携程集团（香港代码：9961）已召开其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
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<p>携程集团最新的财报电话会议突显了积极的情绪，得益于国内和国际旅游市场的强劲增长。公司表现出强劲的业绩指标，包括收入和预订的显著增长，但讨论中也承认了市场营销成本上升和酒店及航空公司领域的定价压力。总体而言，尽管面临一些运营挑战，情绪依然乐观。</p>
<h2>强劲的收入增长凸显了韧性需求</h2>
<p>携程报告第三季度净收入同比增长 16%，达到 183 亿元人民币。这一强劲增长得益于夏季和黄金周假期推动的强劲旅游需求。这种高表现的季度凸显了旅游行业的韧性，以及携程在面对新出现的挑战时捕捉市场机会的能力。</p>
<h2>出境旅游超过疫情前水平</h2>
<p>出境旅游的激增是携程在第三季度的一个关键成功故事。出境酒店和机票预订同比增长近 20%，达到 2019 年水平的约 140%。这突显了国际旅游的强劲复苏和持续扩张，随着全球限制的放松和消费者信心的恢复。</p>
<h2>入境旅游的显著复苏</h2>
<p>入境旅游预订较去年增长超过 100%。这反映了强劲的国际需求和改善签证政策的积极影响，使携程成为全球流动性恢复和旅游激励的受益者。</p>
<h2>国际扩张推动增长</h2>
<p>携程的战略国际扩张努力正在取得成效，国际预订同比增长约 60%。亚太地区贡献了超过 50% 的增长。这突显了公司在区域市场的强大立足点及其满足多样化旅行者需求的能力，进一步巩固了其国际存在。</p>
<h2>上升的市场营销成本反映扩张挑战</h2>
<p>调整后的销售和市场营销费用环比增长 26%，同比增长 23%。这些增长与公司持续的国际扩张努力相关。虽然这表明了对增长的承诺，但也带来了运营挑战，因为携程在投资与效率之间寻求平衡。</p>
<h2>在强劲需求下的定价压力</h2>
<p>尽管需求强劲，酒店和机票价格同比出现低个位数的下降。这反映了市场上的定价压力，可能受到竞争动态和消费者偏好变化的影响。</p>
<h2>乐观的指导，专注于长期增长</h2>
<p>展望未来，携程对旅游行业保持积极的展望。公司预计国内和国际旅游的强劲需求将持续，预计未来将实现可持续增长。第三季度的指标包括 16% 的同比收入增长，住宿预订收入增长 18%，交通票务收入增长 12%。携程还强调了其战略重点在于利用人工智能提升用户体验和可扩展性，同时对其长期价值创造充满信心，尽管面临潜在的地缘政治挑战。</p>
<p>总之，携程最新的财报电话会议描绘了旅游行业复苏的高度乐观图景。公司在多个关键指标上表现强劲，巩固了其在国内和国际旅游市场的领导地位。尽管上升的成本和定价压力带来了挑战，但公司的战略国际扩张和对人工智能驱动解决方案的关注使其在未来持续增长方面具备良好基础。</p>

携程网

携程集团-S

<p>携程集团报告了强劲的第三季度财报，收入同比增长 16%，达到 183 亿元人民币，得益于强劲的旅行需求。出境旅行预订增长近 20%，超过疫情前水平，而入境预订增长超过 100%。国际扩张推动了预订量增长 60%。尽管市场营销成本上升和价格压力加大，携程对长期增长仍持乐观态度，专注于基于人工智能的解决方案和战略扩张</p>

<p>Trip.com Group Ltd. ((HK:9961)) has held its Q3 earnings call. Read on for the main highlights of the call.</p>
<div class="lb-trans"><p>携程集团（香港代码：9961）已召开其第三季度财报电话会议。请继续阅读会议的主要亮点。</p>
</div><h3>Claim 50% Off TipRanks Premium and Invest with Confidence</h3>
<div class="lb-trans"><h3>享受 TipRanks Premium 50% 折扣，放心投资</h3>
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<li>Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions</li>
<li>Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential</li>
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<div class="lb-trans"><ul>
<li>解锁对冲基金级别的数据和强大的投资工具，帮助您做出更聪明、更精准的决策</li>
<li>通过最新的新闻和分析保持市场领先，使您的投资组合始终处于最大潜力的状态</li>
</ul>
</div><p>The latest earnings call from Trip.com Group Ltd. highlighted a positive sentiment, underpinned by robust growth in domestic and international travel markets. The company showed strong performance metrics, including significant increases in revenue and bookings, but the discussion was tempered by acknowledgments of rising marketing costs and pricing pressures in the hotel and airline sectors. Overall, the mood reflected optimism despite some operational challenges.</p>
<div class="lb-trans"><p>携程集团最新的财报电话会议突显了积极的情绪，得益于国内和国际旅游市场的强劲增长。公司表现出强劲的业绩指标，包括收入和预订的显著增长，但讨论中也承认了市场营销成本上升和酒店及航空公司领域的定价压力。总体而言，尽管面临一些运营挑战，情绪依然乐观。</p>
</div><h2>Strong Revenue Growth Highlighting Resilient Demand</h2>
<div class="lb-trans"><h2>强劲的收入增长凸显了韧性需求</h2>
</div><p>Trip.com reported a remarkable net revenue increase of 16% year-over-year, reaching RMB 18.3 billion for Q3. This robust growth was driven by strong travel demand fueled by the summer season and the Golden Week holiday. Such high-performing quarters underscore the resilience of the travel sector and Trip.com’s ability to capture market opportunities despite emerging challenges.</p>
<div class="lb-trans"><p>携程报告第三季度净收入同比增长 16%，达到 183 亿元人民币。这一强劲增长得益于夏季和黄金周假期推动的强劲旅游需求。这种高表现的季度凸显了旅游行业的韧性，以及携程在面对新出现的挑战时捕捉市场机会的能力。</p>
</div><h2>Outbound Travel Surpasses Pre-Pandemic Levels</h2>
<div class="lb-trans"><h2>出境旅游超过疫情前水平</h2>
</div><p>The surge in outbound travel represented a key success story for Trip.com in Q3. Outbound hotel and air bookings grew nearly 20% year-over-year, reaching approximately 140% of 2019 levels. This highlights the strong recovery and continued expansion of international travel as restrictions ease globally and consumer confidence rebounds.</p>
<div class="lb-trans"><p>出境旅游的激增是携程在第三季度的一个关键成功故事。出境酒店和机票预订同比增长近 20%，达到 2019 年水平的约 140%。这突显了国际旅游的强劲复苏和持续扩张，随着全球限制的放松和消费者信心的恢复。</p>
</div><h2>Remarkable Inbound Travel Recovery</h2>
<div class="lb-trans"><h2>入境旅游的显著复苏</h2>
</div><p>Inbound travel bookings experienced a staggering growth of over 100% compared to the previous year. This reflects robust international demand and the positive impact of improved visa policies, positioning Trip.com as a beneficiary of resumed global mobility and tourism incentives.</p>
<div class="lb-trans"><p>入境旅游预订较去年增长超过 100%。这反映了强劲的国际需求和改善签证政策的积极影响，使携程成为全球流动性恢复和旅游激励的受益者。</p>
</div><h2>International Expansion Drives Growth</h2>
<div class="lb-trans"><h2>国际扩张推动增长</h2>
</div><p>Trip.com’s strategic international expansion efforts are paying off, with international bookings rising around 60% year-over-year. The Asia Pacific region contributed more than 50% of this growth. This highlights the company’s strong foothold in regional markets and its ability to cater to diverse traveler needs, further solidifying its international presence.</p>
<div class="lb-trans"><p>携程的战略国际扩张努力正在取得成效，国际预订同比增长约 60%。亚太地区贡献了超过 50% 的增长。这突显了公司在区域市场的强大立足点及其满足多样化旅行者需求的能力，进一步巩固了其国际存在。</p>
</div><h2>Rising Marketing Costs Reflect Expansion Challenges</h2>
<div class="lb-trans"><h2>上升的市场营销成本反映扩张挑战</h2>
</div><p>Adjusted sales and marketing expenses rose 26% quarter-over-quarter and 23% year-over-year. These increases are tied to the company’s ongoing international expansion efforts. While this signals a commitment to growth, it also presents operational challenges as Trip.com balances investments with the need for efficiency.</p>
<div class="lb-trans"><p>调整后的销售和市场营销费用环比增长 26%，同比增长 23%。这些增长与公司持续的国际扩张努力相关。虽然这表明了对增长的承诺，但也带来了运营挑战，因为携程在投资与效率之间寻求平衡。</p>
</div><h2>Pricing Pressure Amid Strong Demand</h2>
<div class="lb-trans"><h2>在强劲需求下的定价压力</h2>
</div><p>Despite robust demand, hotel and air ticket prices experienced a year-over-year decline in the low single digits. This reflects pricing pressure in the market, possibly influenced by competitive dynamics and evolving consumer preferences.</p>
<div class="lb-trans"><p>尽管需求强劲，酒店和机票价格同比出现低个位数的下降。这反映了市场上的定价压力，可能受到竞争动态和消费者偏好变化的影响。</p>
</div><h2>Optimistic Guidance with a Focus on Long-Term Growth</h2>
<div class="lb-trans"><h2>乐观的指导，专注于长期增长</h2>
</div><p>Looking ahead, Trip.com maintains a positive outlook for the travel industry. The company expects strong demand for both domestic and international travel to continue, projecting sustainable growth into the future. Q3 metrics included a 16% year-over-year revenue increase, with notable growth in accommodation reservation revenue (up 18%) and transportation ticketing revenue (up 12%). Trip.com also emphasized its strategic focus on leveraging AI for better user experiences and scalability while expressing confidence in its long-term value creation, despite potential geopolitical challenges.</p>
<div class="lb-trans"><p>展望未来，携程对旅游行业保持积极的展望。公司预计国内和国际旅游的强劲需求将持续，预计未来将实现可持续增长。第三季度的指标包括 16% 的同比收入增长，住宿预订收入增长 18%，交通票务收入增长 12%。携程还强调了其战略重点在于利用人工智能提升用户体验和可扩展性，同时对其长期价值创造充满信心，尽管面临潜在的地缘政治挑战。</p>
</div><p>In summary, Trip.com’s latest earnings call painted a highly optimistic picture of the travel industry’s rebound. The company demonstrated strong performance across several key metrics, underscoring its position as a leader in both domestic and international travel markets. While rising costs and pricing pressures pose challenges, the company’s strategic international expansion and focus on AI-driven solutions position it well for sustained future growth.</p>
<div class="lb-trans"><p>总之，携程最新的财报电话会议描绘了旅游行业复苏的高度乐观图景。公司在多个关键指标上表现强劲，巩固了其在国内和国际旅游市场的领导地位。尽管上升的成本和定价压力带来了挑战，但公司的战略国际扩张和对人工智能驱动解决方案的关注使其在未来持续增长方面具备良好基础。</p>
</div>

携程网第三季度财报：尽管面临挑战，增长依然强劲