【券商聚焦】麦高证券：携程国际业务亮眼，维持买入评级

金吾财讯03-05

（原标题：【券商聚焦】麦高证券：携程国际业务亮眼，维持买入评级）金吾财讯|麦高证券发布研报指，携程集团-S(09961.HK)2025年业绩表现强劲，全年营收624亿元（同比+17%），净利润334亿元（含199亿元投资利得）。分业务看，住宿预订（261亿元，+21%）、交通票务（225亿元，+11%）为主要驱动力，国际业务贡献总营收40%。行业层面，2025年旅游市场韧性显著，入境游成战略重点...

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