According to Michael Burry Stock Tracker (@burrytracker), TCOM shares have declined between 6% and 17% year-to-date, largely due to stalled growth in Chinese tourism and persistent youth unemployment. The report highlights that average daily rates (ADR) for TCOM are down double digits, and the stock's high beta increases downside risk if macroeconomic conditions worsen. For traders, these factors signal potential volatility and further downside pressure, which could also impact sentiment in correlated Chinese tech and crypto assets (source: @burrytracker, June 19, 2025).