---
title: "花旗：携程反垄断调查或短期影响情绪 但不太可能改变公司行业地位"
description: "花旗分析指出，中国对携程集团的反垄断调查可能在短期内影响市场情绪，但不太可能改变其行业地位。调查可能与地方市场监督管理局对携程干预酒店供应商定价的调查有关。如果携程被认定违法，预计罚款将为其上年收入的 1%-10%，即约 4.9 亿元至 49 亿元人民币。"
type: "news"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/272622183.md"
published_at: "2026-01-15T01:06:24.000Z"
---

# 花旗：携程反垄断调查或短期影响情绪 但不太可能改变公司行业地位

> 花旗分析指出，中国对携程集团的反垄断调查可能在短期内影响市场情绪，但不太可能改变其行业地位。调查可能与地方市场监督管理局对携程干预酒店供应商定价的调查有关。如果携程被认定违法，预计罚款将为其上年收入的 1%-10%，即约 4.9 亿元至 49 亿元人民币。

中国表示正对携程集团有限公司涉嫌实施垄断行为立案调查。花旗称，调查在结束前可能影响市场对该公司的情绪，但不太可能改变携程的行业地位。尽管目前尚未公布具体细节，但怀疑这可能与此前一些地方市场监督管理局对携程干预部分酒店供应商定价的调查有关。根据该行对携程 2025 年境内外营业额的预估，如果携程被认定违法，罚款规模将是上年收入的 1%-10%，因此其可能面临约 4.9 亿元至 49 亿元人民币的罚款。

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> **免责声明**：本文内容仅供参考，不构成任何投资建议。
