Shares of travel-industry companies moved higher on Tuesday, lifted by the news that Trip.com Group (TCOM), the largest online travel service in China, topped sales and profit estimates for the second quarter.

Signs of resilience in the Chinese travel market in Trip.com’s report, driven by demand for cross-border travel, helped boost several U.S.-based travel stocks. Cruise operators Norwegian Cruise Line (NCLH), Royal Caribbean Cruises (RCL), and Carnival (CCL) all rose, as did online travel platform Expedia (EXPE).

Trip.com Performance Bodes Well for Global Travel Outlook

Trip.com reported a 14% year-over-year increase in revenue in the second quarter. A higher number of people traveling in China—especially in the periods surrounding holidays—contributed to the strong sales performance. The company generated sales growth across all its revenue categories: accommodation, transportation ticketing, package tours, and corporate travel.

Trip.com’s American Depository Receipts (ADRs) soared 8.6% in Tuesday’s session following the strong earnings results. The upbeat results and indications of buoyant travel demand helped brighten the outlook for travel companies in the U.S.

Industry and Company News Augments Performance

A report by Zacks Equities Research, published Tuesday, highlighted numerous positives for cruise operators, including robust demand, strong bookings, solid pricing, and increased onboard spending. Analysts believe these trends could help the major operators—Norwegian, Royal Caribbean, and Carnival—achieve near-term growth.

Carnival on Tuesday announced the addition of new itineraries for seven of its ships set to sail in 2026 through 2027. Destinations include Half Moon Cay, a small private island in the Bahamas.

Meanwhile, Southwest Airlines, which also stands to benefit from improving travel demand, plans to meet with activist investor Elliott Investment Management on Sept. 6. Elliott remains committed to pushing for leadership changes at the airline. Its shares also rose today.

Travel platform Expedia beat quarterly estimates in its most recent report, released Aug. 8, boosted by strong demand in international markets. At the time, Expedia warned of challenging macroeconomic conditions and a potential weakening of demand, but the more recent strength from Trip.com could suggest a stabilization in the market.