As a listener to Trip.com Group's conference call ($TCOM (+0 %)) fourth quarter 2024 conference call, I was able to gain insights into the company's strategies and financial results. Here is a summary of the call:

James Liang, Co-Founder and Executive Chairman, began by explaining the company's overarching strategy. He emphasized the remarkable resilience of the travel market and the increasing value consumers place on experiences experiences. He highlighted that by 2024, Trip.com Group is expected to have a GMV of over 1.2 trillion RMB (169 billion USD) achieved. A key point of his remarks was the importance of AI innovation for Trip.com. The company's AI-powered tools aim to make travel planning more accessible and tailored to individual needs.

He named Trip.Best, Trip.Trends, Trip.Deals, Trip.Events, Itinerary and TripGenie are examples of these innovative tools. TripGenie in particular enjoyed growing popularity, which was reflected in a 200% increase in traffica an increase in browsing time of almost 100 % and and an 200% increase in the number of conversations. reflected.

In addition, Liang pointed to the robust growth of the international business which accounted for 14% of Group sales in the fourth quarter and 10% in the full year 2024 accounted for. He also emphasized the company's commitment to the promotion of incoming tourismthe support of rural development through sustainable rural tourism projects and the implementation of sustainable practicesto make a positive contribution to environmental protection.

Jane Sun, CEO and Director, presented the operational highlights and provided insights into current trends. She reported an impressive sales growth of 23 % in the fourth quarter and 20 % for the full year 2024. The outbound business continued to record strong growth, boosted by the easing of visa regulations and the increasing availability of international flights. In the fourth quarter, industry-wide cross-border flight capacity reached over 80% of pre-pandemic levels, while outbound hotel and flight ticket bookings from Trip.com increased by more than 120% compared to 2019 outperforming the industry by 30 to 40 %.

Sun also highlighted the strong increase in domestic tourism in China with 5.6 billion trips in 2024underlining the growing importance of travel in Chinese people's daily lives. The incoming tourism is also becoming an important factor for economic and cultural dynamism. In the fourth quarter and in 2024 as a whole, inbound inbound bookings on Trip.com's platforms increased by over 100% compared to the previous yearwhereby the bookings from visa-free countries increased by over 150%. In response, Trip.com Group introduced free city tours for international travelers in transit in Shanghai and Beijing.

Sun mentioned that Trip.com has strengthened its presence in key APAC markets and and expanded into new regions. In the fourth quarter airline ticket and hotel bookings on the international OTA platform increased by over 70 % year-on-yearwith APAC bookings increased by around 80 %. The company strategically invests in technology and talent acquisition and operates 16 global call centers to ensure world-class customer service.

Another focus was on the silver generationthe 50+ generation, which is a growing and affluent market segment. Trip.com has launched the Old Friends Club initiative to specifically address this target group. In addition, Trip.com is committed to sustainable development and supports its employees with various measures, which has earned the company numerous awards as an attractive employer.

Cindy Wang, CFO, presented the detailed financial results and gave an outlook on future developments. The net revenue for the fourth quarter of 2024 amounted to RMB 12.7 billion, an increase of 23% year-on-year. For the full year 2024, net revenue amounted to RMB 53.3 billion, an increase of 20% year-on-year. Revenue from accommodation reservations increased in the fourth quarter by 33% compared to the previous year and for the year as a whole by 25 % compared to the previous year. Sales of transportation tickets increased in the fourth quarter by 16 % compared to the previous year and for the year as a whole by 10 % compared to the previous year. Turnover with package tours increased in the fourth quarter by 24 % compared to the previous yearmainly driven by the international business, which grew by around 100 %.

The company is planning strategic capital return initiatives for 2025including a share buyback program of up to USD 400 million and a cash dividend totaling approximately USD 200 millionunderlining the confidence in the company's financial strength and future growth prospects.

In the subsequent Q&A session, all executives were available to answer analysts' questions and provide detailed insights.

Brian Gong from Citi inquired about the potential impact of AI agents and large language models on OTAs like Trip.com. Liang replied that AI agents will not replace OTAs, but rather complement them. Trip.com offers added value in terms of real-time travel information and end-to-end servicesthat cannot be replicated by AI alone.

Alex Yao from JPMorgan asked about the current current demand for leisure and business travelthe growth rate for 2025 and the key revenue drivers. Sun identified the young generationthe silver generation and the further opening of borders as key drivers. She also mentioned the expected recovery of direct flight connections as a positive factor.

Joyce Ju from Bank of America asked about the business trends during the Chinese New Year and the outlook for 2025. Wang reported a healthy appetite for travel and an expansion of the travel radius. She mentioned that the hotel prices gradually approaching the previous year's level.

Simon Cheung from Goldman Sachs inquired about the outlook for the outlook for the Trip.com platform and the reactions from competitors. Sun emphasized the internal strengths of the company, such as the one-stop shopping platformthe excellent user experience, the customer service and the investments in AI.

In summary, the conference call was extremely insightful and highlighted that Trip.com Group is extremely well positioned to capitalize on growth opportunities in the travel market. The company is focusing heavily on AI innovation, tapping into new market segments and expanding its international business to ensure long-term success.

I hope I was able to introduce you to one of the most important Chinese competitors of Booking $BKNG (+0,21 %) and Expedia $EXPE (+0,61 %) closer to you.

• $EXPE (+0,61 %) reported adjusted earnings per share of USD 2.39, which exceeded analysts' estimates of USD 2.02 by USD 0.37.

• Revenue for the quarter amounted to USD 3.18 billion, which exceeded the expected USD 3.07 billion and marked an increase of 10% compared to the previous year.

• The company's total gross bookings increased 13% year-over-year in the fourth quarter.

• Overnight bookings increased by 12% year-on-year in the fourth quarter, while gross accommodation bookings increased by 12%, with hotel bookings up 14%.

• Both B2C and B2B bookings accelerated by five percentage points in the fourth quarter, reaching 9% and 24% respectively.

• The company's Adjusted EBITDA increased by 21% with a margin expansion of 175 basis points, while Adjusted EBIT increased by 50% with a margin improvement of 282 basis points.

• Expedia also announced the resumption of its quarterly dividend, declaring a payout of $0.40 per share beginning in March 2025. This action, along with the repurchase of over 12 million shares for $1.6 billion in 2024, underscores the company's commitment to shareholder returns.

Dear Community,

I would like to get some opinions/thoughts and experiences on $MMYT (+1,86 %) . So far, this company has hardly been discussed on getquin.

I have had the share on my watchlist for some time now and find it increasingly interesting as a small addition to my portfolio.

Brief introduction:

MakeMyTrip is a leading Indian travel service provider. The products that $MMYT (+1,86 %) offered go far beyond a normal travel company.

Its services include booking air, rail and bus tickets as well as national and international vacation packages and hotel reservations (including in the USA, for example). It also covers countries such as Singapore, Malaysia, Thailand, the United Arab Emirates, Peru, Colombia, Vietnam and Indonesia. The main competitors are Booking.com and Expedia.

Differences to Booking.com ($BKNG (+0,21 %) ) and Expedia ($EXPE (+0,61 %) ) :

$MMYT (+1,86 %) focuses mainly on Indian travelers with a focus on international travel and domestic travel. However, they also offer visa processing and travel insurance. Compared to $BKNG (+0,21 %) and $EXPE (+0,61 %) has $MMYT (+1,86 %) has a much smaller market share, as its core business is (still) mainly in India. However, I also see this fact as an opportunity, as India is known to have enormous economic growth.

About the data:

The turnover of $MMYT (+1,86 %) rose from USD 593 million to USD 782.5 million in the past financial year (2024). Profit increased from a loss of USD -11.3 million to a profit of USD 216.8 million. This is $MMYT (+1,86 %) profitable for the first time. $MMYT (+1,86 %) shows above-average growth and is financially secure, with a high growth rank and a low debt burden.

Now I would be interested: Are you perhaps already invested? Is the share interesting for you or not?

I'm looking forward to the exchange 👌

Stock analysis/Share presentation ⬇️

Today we are talking about the company Expedia Group: $EXPE (+0,61 %)

What is and what does the Expedia Group do at all: 🤔

Expedia Group (Expedia for short) says it is the fourth largest travel agency in the United States and one of the largest online travel providers in Germany. Beyond the United States, Expedia operates in 31 countries. In addition to the travel portal of the same name, Exedia includes sister site Hotels.com, business travel specialist Egencia and vacation rental agent Homeaway (known in Germany as Fewo-direkt.de). Expedia also holds a majority stake in the travel search engine Trivago.

The company brokers individual services such as flights, hotel accommodation and rental cars as well as package tours. In addition, on-site services such as entrance tickets, sightseeing tours, transfers and restaurant reservations are also offered independently of a travel booking. It also offers a service for corporate and business travelers through Egencia.

The United States accounts for 68% of net sales.

When was Expedia Group founded?

Expedia was founded in 1995 within Microsoft as "Microsoft Expedia Travel Services". One year later, the website "expedia.com" went online. The company is headquartered in Seattle in the West Coast state of Washington.

How many employees does the company have: 🙋🏽‍♂️🙋🏻‍♀️

The Expedia Group currently employs a total of over 16,500 people.

P/E RATIO:

Expedia has a current P/E ratio of just under 43.9, which is currently quite high in my opinion.

Market capitalization: 🏦

Currently, Expedia has a market capitalization of around 12.76 billion euros.

Dividend yield:

The company has not paid dividends to its shareholders since the Corona Pandemic. Prior to the Corona pandemic, shareholders received a quarterly dividend of just under 0.30 cents per share.

Strengths of the share: 📈

• The gap between the current price and the average price target of analysts following the company is relatively wide, suggesting significant potential upside.
• The earnings growth currently expected by analysts for the coming years is particularly strong.
• The company has a solid financial position given its high cash position and large profit margins.

Weaknesses of the share: 📉

• Expedia Group has not paid dividends to its shareholders since the Corona pandemic (March 2020)
• Analyst estimates on the company's business performance differ significantly from the rest. Predictability seems to be difficult in connection with the company's business activity.
• With a P/E ratio of currently just under 44, the company is fairly highly valued in my opinion
• In the past, the group has often disappointed analysts with lower than expected results.

A little more about the industry: ⬇️

Expedia, as an online travel agency, belongs to the tourism industry.

Tourism belongs to cyclical consumption. This refers to the products and services that we do not need in our daily lives. Travel for the vast majority of people in life a fairly low priority and this has made the industry unattractive to investors.

The tourism market is growing at around 3.5% per year and that is evenly across all segments such as package tours, hotels and vacation rentals - but quite cyclically. During economic crises, the number of travelers decreases. Just a 10% drop in demand is enough to destroy the profits of the entire industry. In economic crises or even in a bad season like autumn, there is too much supply with high fixed costs and this leads to price battles at the expense of all companies' profits.

The travel and tourism industry is a market that has recently been hit hardest by Corona. Forecasts are for recovery by 2025.

Asia is a particularly attractive market. While the travel industry in the industrialized nations is already saturated, many people in Asia are just moving up into the middle class. That is why the market there is also growing at around 7% per year.

Expedia Group business model:

Expedia currently has three main business segments.

The largest part of the sales - about 78% of the total sales - is generated in the so-called retail area. The Retail segment comprises the core business of the online travel agency. Revenues in this segment are generated, for example, from the brokerage of hotels, vacation apartments, flights, rental vehicles, and admission tickets.

The second segment is the business-to-business (B2B) business. This accounts for around 17% of revenue. The B2B business relies on partners using Expedia's TAAP booking tool to broker travel. The tool allows other travel agents to leverage Expedia's network and significantly increase their compensation for bookings with international hotel chains such as Marriott, Highgate and Club Quarters.

The third segment is trivago, although it accounts for only about 4% of all revenues. trivago is a hotel metasearch on the Internet. There, the prices of hotels, hostels or "bed and breakfast" accommodations can be compared. According to its own information, the website searches prices of more than one million hotels worldwide from over 250 booking sites.

What does the share look like on the chart? (U.S. dollars converted into euros) 📈📉

Currently, the price here is at €83.70. At the moment, the share price is just above a support zone. This lies at around €81.30 and has held very well so far. If we run up to this zone again soon and it is then sustainably breached, the next support zone would be at just under 76.20€. Our first resistance is at just under 88.30€. This has now been approached three times and slightly exceeded. Afterwards, however, it was sold off again directly. This means that we also have a very strong resistance here, which must be taken out with momentum, so that the share can continue to rise. If the zone is taken out, the next target would be at 95 €. If this zone is also taken out, there would be room at the top to the next resistance which is at about 110€.

Target of the Expedia Group: 🏁

Expedia's mission is to drive global travel for everyone, everywhere.

Expedia's goal, he said, is to bring the full breadth of its global platform to fruition. Expedia wants to bring the entire world within reach for travelers and for partner companies.

Your opinion: 🧐

Now I would like to hear your opinion about this stock in the comments.

What do you think of Expedia and did you already know this company?

Do you have this stock in your portfolio?

Feel free to let me know in the comments.

Of course, this is not an investment advice but just my own opinion that I would like to share with you.

𝗴𝗲𝘁𝗾𝘂𝗶𝗻 𝗗𝗮𝗶𝗹𝘆 𝗦𝘂𝗺𝗺𝗮𝗿𝘆 𝟬𝟯.𝟬𝟱.𝟮𝟬𝟮𝟮

Hello getquin,

today we are talking about the quarterly results of BP, Deutsche Post and Pfizer. BER airport has taken a big loss and there was a flash crash due to a wrong entry at Citi.

𝗗𝗲𝘂𝘁𝘀𝗰𝗵𝗹𝗮𝗻𝗱🇩🇪:

1. 𝘏𝘰𝘩𝘦𝘳 𝘝𝘦𝘳𝘭𝘶𝘴𝘵 𝘣𝘦𝘪 𝘍𝘭𝘶𝘨𝘩𝘢𝘧𝘦𝘯 𝘉𝘌𝘙

In its first full financial year after going into operation, BER Airport once again made a large loss, as expected. Almost 570 million euros was the deficit last year, according to the annual report presented by airport CEO Aletta von Massenbach with Supervisory Board Chairman Jörg Simon in Berlin on Tuesday. This means that the loss has almost halved compared to the previous year. However, von Massenbach stressed that this was "only reassuring to a limited extent".

Read more: https://bit.ly/3vCwIxj

𝗘𝘂𝗿𝗼𝗽𝗮🌍:

2. 𝘍𝘭𝘢𝘴𝘩 𝘊𝘳𝘢𝘴𝘩 𝘥𝘶𝘳𝘤𝘩 𝘏ä𝘯𝘥𝘭𝘦𝘳𝘧𝘦𝘩𝘭𝘦𝘳 𝘣𝘦𝘪 𝘊𝘪𝘵𝘪

Citi admits that a trader error entering a transaction triggered a "flash crash" that sent Swedish stocks down 8% and European stocks down. Sweden's benchmark OMX 30 index plunged 7.9% in morning trading Monday before quickly recovering to shock investors.

🟩 $C (+0,47 %) Citigroup Inc, $49.86 (🔼+2.34%)

𝘐𝘯𝘧𝘰: A flash crash describes a sharp drop in stock prices that lasts only a few minutes. The sudden collapse is followed in each case by a similarly rapid recovery.

Read more: https://bit.ly/3Fbs50n

𝗪𝗲𝗹𝘁🌎🌏🌍:

3. 𝘒𝘳𝘦𝘥𝘪𝘵𝘧𝘢𝘻𝘪𝘭𝘪𝘵ä𝘵 𝘷𝘰𝘯 𝘎𝘰𝘭𝘥𝘮𝘢𝘯 𝘥𝘶𝘳𝘤𝘩 𝘉𝘪𝘵𝘤𝘰𝘪𝘯 𝘨𝘦𝘴𝘪𝘤𝘩𝘦𝘳𝘵

Goldman Sachs Group Inc.'s first credit facility backed by bitcoin is the latest attempt by crypto exchange Coinbase Global Inc. to move money from Wall Street into the digital asset space. "Coinbase's collaboration with Goldman is a first step toward recognizing cryptocurrencies as collateral, deepening the bridge between the fiat and crypto economies," Brett Tejpaul, head of Coinbase Institutional, said in an emailed response. Coinbase did not disclose further details about the loan. A Goldman Sachs spokeswoman said last week that the loan was secured by bitcoin owned by the previously unnamed borrower.

🟩 $GS (+0,1 %) Goldman Sachs Group, $315.32 (🔼+1.56%)

🟩 $COIN (+3,14 %) Coinbase Global Inc, $125.52 (🔼+3.47%).

Coinbase and Goldman Sachs: https://bloom.bg/3s8Ra70

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻:

--German Post--

Today Deutsche Post $DPW (-0,46 %) published its quarterly figures. The company said revenue soared 19.8 percent to 22.6 billion euros from January to March 2022, according to a statement in Bonn. Operating profit (EBIT) rose to 2.2 billion euros from 1.9 billion euros a year earlier.

EPS: 🟩 €1.08 vs €0.99 expected (+9.62%)

Revenue: 🟩22.59 billion vs 20.79 billion expected (+8.65 %)

More on the logistics group here: https://bit.ly/3s8XdIM

--BP--

Actually, the oil company BP $BP. (+0,21 %) could have hoped for a good result in the first quarter with the high oil prices, but the group suffered from the write-down on its stake in the oil company Rosneft and from the withdrawal from the Russian business.

EPS: 🟥 $0.32 vs $1.37 missed by -76.62%.

Revenue: 🟥 $49.26 billion vs $53.20 billion by -7.41%

Read more at Handelsblatt: https://bit.ly/3MO3128

--Pfizer--

EPS: 🟩 $1.62 vs $1.57 expected

Revenue: 🟩 $25.66bn vs $24.73bn expected

𝗦𝘁𝗼𝗰𝗸 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

🟩 TOP, $IPGP (+0,22 %) IPG Photonics Corp (🔼+16.01%).

🟥 FLOP, $EXPE (+0,61 %) Expedian Group Inc (🔽-15.01%)

🟥 Most searched, $AMZN (+0,25 %)
Amazon.com Inc (🔽-0.24%)

🟥 Most traded, $BAS (+1,27 %) BASF SE (🔽1.02%)

🟩 S&P500 (🔼+0.33%)

🟩 DAX (🔼+0.02%)

🟥 $BTC (-0,18 %) Bitcoin ₿, $38,266.50 (🔽-0.63%)

Time: 17:00 CEST

𝗙𝘂𝗻𝗙𝗮𝗰𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗱𝗮𝘆:

14 companies that started in the DAX 31 years ago are still in the leading index today, including Allianz, BMW, Daimler, Deutsche Bank, Lufthansa and Siemens.

𝗠𝗮𝗿𝗸𝗲𝘁 𝗡𝗲𝘄𝘀 🗞️

𝗙𝗲𝗱 𝘄𝗶𝗲 𝗲𝗿𝘄𝗮𝗿𝘁𝗲𝘁 / 𝗣𝗮𝗸𝗲𝘁𝗲 𝘀𝗶𝗻𝗱 𝗴𝗲𝗳𝗿𝗮𝗴𝘁 / 𝗣𝗵𝗮𝗿𝗺𝗮𝗿𝗶𝗲𝘀𝗲𝗻 / 𝗞𝗿𝘆𝗽𝘁𝗼𝗵𝗮𝗻𝗱𝗲𝗹 𝗶𝗻 𝗔𝘂𝘀𝘁𝗿𝗮𝗹𝗶𝗲𝗻

𝗜𝗣𝗢𝘀 🔔

Veganz - The Berlin-based company has now revealed the official issue price of €87 for its IPO on November 10. This results in gross issue proceeds of €47.6 million.

𝗘𝘅-𝗗𝗮𝘁𝗲𝘀 📅

As of today, América Móvil ($MV9L), Bank Of Princeton ($BPRN), Columbus McKinnon Corp. ($VC3 (+1,15 %)), CMS Energy ($CSG (-2,68 %)), Dana Corp. ($4DH (+4,55 %)), First Commonwealth Bank ($FCF (-1,12 %)), FirstEngergy ($FE7 (+0,27 %)), Howmet Aerospace ($48Z (+2,64 %)), Idacorp ($IDJ (+0 %)), Intel ($INL (-0,92 %)), J. B. Hunt ($JB1 (-2,14 %)), Lamb Weston Holdings ($0L5 (+0,45 %)), National Western Life ($NWLI) and Warrior Met Coal ($WJ4 (-1,82 %)) traded ex-dividend.

𝗤𝘂𝗮𝗿𝘁𝗮𝗹𝘀𝘇𝗮𝗵𝗹𝗲𝗻 📈

Today, among others, Alibaba Group ($2RR (+1,47 %)), Barrick Gold ($ABR (-1,58 %)), Citrix ($CTX), Commerzbank ($CBK (-2,13 %)), Credit Suisse ($CSX), Deutsche Post AG ($DPW (-0,46 %)), Elmos Semiconductor ($ELG (-0,34 %)), Evonik ($EVK (+1,53 %)), Expedia ($E3X1 (+0,61 %)), Freenet ($FNTN (-0,06 %)), Fujifilm ($FJI (+1,75 %)), Hannover Re ($HNR1 (+0,07 %)), HeidelbergCement ($HEI (+3,61 %)), Hugo Boss ($BOSS (-0,07 %)), ING ($INN1 (+1,2 %)), Kellogg Company ($KEL (+0,75 %)), Lanxess ($LXS (+1,62 %)), Mitsubishi Motors ($MMO (+0,51 %)), Moderna ($0QF (+0,63 %)), Monster Beverage ($MOB (+0,21 %)), Motorola Solutions ($MTLA (+0,73 %)), Nikon ($NKN (-0,63 %)), Peloton ($2ON (+0,91 %)), Pfeiffer Vacuum ($PFV (-0,26 %)), ProSiebenSat.1 Media ($PSM (-0,25 %)), RTL Group ($RRTL (+0,56 %)), Siemens Healthineers ($SHL (+2,68 %)), Toyota ($TOM (+1,17 %)) and Vonovia ($VNA (+0,1 %)) presented their figures.

𝗠𝗮𝗿𝗸𝗲𝘁𝘀 🏛️

Fed - As expected, the Federal Reserve decided to reduce its bond purchases. Instead of the previous $120 billion per month, only $105 billion will be invested in the purchase of government bonds and mortgage-backed securities starting in mid-November. Further cuts are planned from December.

Now all eyes are on possible interest rate hikes, but the ECB considers an increase in the key interest rate next year unlikely. Similarly, Deutsche Bank does not expect interest rates in the USA to be adjusted before December 2022.

Deutsche Post ($DPW (-0,46 %)) - Deutsche Post stock has been on the upswing lately and it is one of the best performers of the day. The paper was able to improve by 2.8 percent and was at EUR 57.35 in the meantime. An average price target of EUR 64.72 is targeted. Analysts expect earnings of EUR four per share for 2022.

Roche ($RHO5 (-0,66 %)) / Novartis ($NOT (+0,04 %)) - In order to achieve full strategic independence, pharmaceutical giant Roche has repurchased from a competitor Novartis its Roche shares for 19 billion Swiss francs. It was agreed to buy back 53.3 million shares at a price of 356.9341 Swiss francs. Christoph Franz said that he is convinced that this planned transaction is in the best interest of Roche and its shareholders from a strategic and economic point of view.

𝗖𝗿𝘆𝗽𝘁𝗼 💎

Commonwealth Bank ($CWW (+0,6 %)) - Australia's largest bank stated over the past day that they are working on making Bitcoin and other cryptocurrencies tradable for their customers in the coming weeks. Furthermore, they elaborated that they also want to offer it to their customers to store the cryptocurrencies for them. Initially, only Bitcoin ($BTC-EUR (-0,18 %)), Bitcoin Cash ($BCH-EUR (-0,38 %)), Ethereum ($ETH-USD (-0,38 %)) and Litecoin ($LTC-EUR (-2,18 %)) will be available. The implementation will take place in collaboration with Gemini, a U.S.-based company specializing in the safekeeping of crypto assets. Commonwealth Bank is by far the largest financial institution on the continent, with total assets of $688.4 billion, so this news is a big step for the crypto industry.

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