Added to YB: 2026-01-20
Pitch date: 2026-01-18
TCOM [neutral]
Trip.com Group Limited
-11.58%
current return
Author Info
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Company Info
Trip.com Group Limited, through its subsidiaries, operates as a travel service provider for accommodation reservation, transportation ticketing, packaged tours, in-destination, corporate travel management, and other travel-related services in China and internationally.
Market Cap
$245.8B
Pitch Price
$474.80
Price Target
N/A
Dividend
0.55%
EV/EBITDA
11.42
P/E
8.45
EV/Sales
3.33
Sector
Hotels, Restaurants and Leisure
Category
special_situation
The antitrust investigation into Trip.com
TCOM (antitrust investigation): China launched investigation into hotel booking practices; 56% OTA market share via exclusive deals & price parity clauses. Base case: fine + end anticompetitive terms, hurting commissions/margins. Bear case: forced Qunar/Tongcheng divestiture cuts share to 20%. 6-9mo for penalty decision.
Read full article (8 min)