大行评级丨花旗：同程旅行第四季业绩大致符预期，维持“买入”评级

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花旗发表报告指，同程旅行去年第四季业绩大致符预期。展望2026年，该行预计酒店客房夜量将续保持按年高单位数增长的健康水平；酒店平均每日房价(ADR)也将出现良好的行业复苏；交通票务业务增长则更多受惠于增值服务及补贴政策的优化，从而提升盈利能力；其他业务收入在整合万达酒店及进一步扩展酒店管理连锁网络下，有望实现强劲增长。管理层未见行业监管环境有重大变化，并将寻求与AI聊天机器人应用程序合作机会，以在...

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