China hotel and online travel third-quarter earnings preview: Hotel openings recover, platform monetization under pressure
Goldman Sachs expects Huazhu and Atour to report third-quarter results slightly above market consensus, while Trip.com Group and Tongcheng Travel are expected to be broadly in line. Hotel room rates are stabilizing and openings are accelerating, but competition at existing hotels and changes to online travel platform charges continue to affect growth.
Goldman Sachs ·