Trip.com gains ahead of China's Golden Week holiday

Trip.com

27/09/2024 10:46

** U.S.-listed shares of Chinese travel agency Trip.com
 9961.HK  rise 7.36% to $60.85 ahead of China's golden week
holiday season 
    ** Golden week, which falls between Oct. 1 and Oct. 7,
accompanies an increase in domestic and international outbound
travel volumes
    ** Softer travel prices to help boost booking volumes for
online travel agencies during Golden Week, says HSBC Global
Research
    ** "We like Trip.com given its leadership position in both
domestic and outbound travel markets," HSBC adds 
    ** Shares of the company up 57.4% YTD

 (Reporting by Aishwarya Jain)
 ((Aishwarya.jain@thomsonreuters.com))