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May 24Sat
  1. Tongcheng News Center

    Tongcheng Travel Q1 2025 Revenue Grows 13.2%

    Tongcheng Travel Holdings Limited reported unaudited Q1 2025 results. Revenue rose 13.2% year over year to RMB4,377.4 million; adjusted EBITDA rose 41.3% to RMB1,159.4 million with a 26.5% margin; adjusted net profit rose 41.1% to RMB788.2 million with an 18.0% margin. Monthly paying users rose 9.2% to 46.5 million and annual paying users rose 7.8% to 247.3 million, both record highs; the 12-month accumulated number of travelers served rose 7.3% to 1,959.5 million. Core OTA revenue rose 18.4% to RMB3,792.4 million, with transportation ticketing revenue up 15.2% to RMB2,000.2 million and international air ticket volume up over 40%; accommodation reservation revenue rose 23.3% to RMB1,189.6 m…

Nov 20Wed
  1. Tongcheng News Center

    Tongcheng Travel Announces 2024 Third Quarter Results

    Tongcheng Travel announced its unaudited 2024 Q3 results on November 19, 2024. Quarterly revenue increased 51.3% YoY to RMB4,991.5 million, and adjusted net profit increased 46.6% YoY to RMB910.0 million, both record highs. Core OTA business revenue grew 21.6% to RMB4,012.8 million, with operating profit margin rising to 31.1%. International air ticketing volume grew over 110%, and international room nights surged over 130%. Annual paying users reached 232.4 million, and accumulated travelers served reached 1,882.5 million.

Aug 20Tue
  1. Tongcheng News Center

    Tongcheng Travel 2024 Interim Results: International Revenue Doubles

    Tongcheng Travel Holdings (0780.HK) reported unaudited 1H 2024 results: revenue up 48.8% YoY to RMB 8,111.6 million, adjusted EBITDA up 12.7% to RMB 1,733.7 million, adjusted net profit up 10.9% to RMB 1,215.2 million, and GMV up 9.7% to RMB 128.2 billion. In 2Q, transportation ticketing revenue rose 16.6% to RMB 1,742.7 million and accommodation revenue rose 12.8% to a record RMB 1,190.9 million; international air ticketing volume grew 160% YoY and international room nights nearly 140%. The company launched international booking platform HopeGoo in 1H 2024, supporting 16 currencies.

Nov 21Tue
  1. Tongcheng News Center

    Tongcheng Travel Delivers Strong 2023 Q3 Results

    Tongcheng Travel Holdings Limited (0780.HK) announced unaudited 2023 Q3 results. Revenue increased 61.1% year-on-year to RMB 3,299.3 million, adjusted net profit surged 146.5% to RMB 620.6 million, and adjusted EBITDA rose 88.2% to RMB 870.0 million. Average MPUs rose 20.1% to 44.2 million and APUs grew 12.1% to 224.7 million. Transportation ticketing revenue rose 70.3% to RMB 1,679.9 million, and accommodation reservation revenue grew 37.7% to RMB 1,127.4 million.

Apr 3Mon
  1. SAP Concur Blog

    TripIt Survey: Five Features That Help Travelers Save Money

    A SAP Concur blog post cites a recent TripIt survey asking travelers whether TripIt saved them money and which features helped. Among those who said TripIt features saved them money, 37% cited Fare Tracker, 16% Nearby Places, 14% International Travel Tools, 12% Navigator, and 9% Point Tracker. The post details each feature: Fare Tracker monitors booked flight itineraries for fare reductions and alerts users to potential airline credits or refunds; Nearby Places surfaces nearby restaurants, hospitals, gas stations, and more; International Travel Tools provides tipping guidelines and currency exchange rates; Navigator shows transportation options with estimated costs and travel times; and Poi…

Jun 29Wed
  2. SAP Concur Blog

    SAP Concur: Why We're Thankful for Travel Technology

    A SAP Concur blog post reviews the evolution of travel technology: travelers once couldn't book trips themselves and had to use travel agencies; everything was paper-based, requiring airport ticket pickup; getting to the airport was expensive; hotel stays relied on word of mouth and phone reservations; and travelers had to lug around many devices. It notes that DIY booking engines like Travelocity and Expedia changed consumer booking, with business travel partners like Fox World Travel, Atlas Travel, and Uniglobe ONE Travel. Now travelers can book entire trips from anywhere via computer or smartphone and track itineraries on TripIt.