Chinese Online Travel Companies Could Benefit from Resilient Long Haul Travel Demand
Dow Jones
Yesterday
0144 GMT - Chinese online travel companies are likely to see resilient long haul and international travel demand over the Mid-Autumn Festival and China National Day holidays, say UOB Kay Hian's Julia Pan and Ooi Su Yann in a note. The extended travel window during this period should mean longer stays and stronger outbound demand, the analysts say. The outlook for these online travel companies remains supported by their international business expansion despite softer local demand, they add.Artificial-intelligence operating efficiency should also buoy these companies' growth, they say. UOB Kay Hian maintains its market weight call on the sector, with Trip.com as its top sector buy.
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