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The company’s shares have declined 30.2% in price over the past year and 18.8% over the past month. Closing yesterday’s trading session at $22.88, the stock is currently trading 49.4% below its 52-week high of $45.19, which it hit on March 17, 2021.
As governments worldwide reinforce international travel restrictions, investors fear a slowdown in future bookings and delays in the industry’s already sluggish recovery. This, along with TCOM’s already poor profitability, might cause the stock to retreat further in the near term.
