Tongcheng Travel announced 1H2026 results: revenue up 10.5% YoY to RMB 9,992.8 million, adjusted net profit up 14.6% to RMB 1,792.0 million. Core OTA business grew 12.7%, with accommodation revenue up 11.1% and transportation ticketing up 2.1%. The company continues to deepen its presence in the mass travel market and embrace AI for efficiency.
IHG Hotels & Resorts reported H1 2026 results with global RevPAR up 4.1%, including 3.1% growth in Greater China. Operating profit rose 10%, adjusted EPS grew 13%, and a record 197 hotels were opened.
Expedia Group's Q2 2026 results exceeded guidance: gross bookings grew 12% YoY, revenue grew 14%, and adjusted EBITDA grew 23%. B2B segment performed strongly with bookings up 21% and revenue up 23%. The company raised its full-year guidance.
Booking Holdings reported first quarter 2026 results: room nights grew 6% year-over-year, gross bookings increased 15% (8% on a constant currency basis), and revenue grew 16% (10% constant currency). Net income rose 225% and adjusted EBITDA grew 19%. The Middle East conflict negatively impacted room night growth by approximately 2 percentage points. The company effected a 25-for-1 stock split on April 2.
Alibaba reported quarterly results for the period ended Dec 31, 2025: revenue of RMB 284.843 billion, up 2% YoY (9% on a like-for-like basis); adjusted EBITA down 57% to RMB 23.397 billion, mainly due to increased investments in instant retail, user experience, and technology. Cloud Intelligence Group revenue was RMB 43.284 billion, up 36% YoY, with AI-related product revenue growing triple digits for the tenth consecutive quarter. Qwen app MAU exceeded 300 million.
Booking Holdings reported Q4 and full year 2025 results. Q4 room nights grew 9%, gross bookings grew 16% (11% constant currency), and revenue grew 16%. Full year room nights grew 8%, gross bookings grew 12%, and revenue grew 13%. The company achieved approximately $550 million in annual run-rate savings through the Transformation Program and approved a 25-to-1 stock split.