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.
On August 18, Western Region Tourism disclosed its semi-annual report: H1 revenue was 107 million yuan, down 6.08% YoY; net profit attributable to shareholders was 3.6791 million yuan, down 67.23% YoY; non-GAAP net profit was 3.6472 million yuan, down 67.41% YoY; operating cash flow was 37.2724 million yuan, down 32.12% YoY. Total assets were 1.036 billion yuan, net assets 740 million yuan.
The Iran war closed Gulf airspace and spiked fuel prices, leading to divergent Q2 results among five major Asia-Pacific carriers. Korean Air saw revenue grow 26% but its margin halved to 5%; Cathay Pacific performed best due to its Hong Kong hub advantage; Japan Airlines and ANA were hampered by Tokyo's connecting geography; Singapore Airlines posted a net loss due to its stake in Air India.
On August 17, Huazhu Group released Q2 results: revenue of 7.1 billion yuan, up 10.8% YoY; hotel turnover of 30.5 billion yuan, up 13.2%. Q2 RevPAR was 238 yuan, up 1.1%; occupancy 79.8%; ADR 298 yuan, positive growth for four consecutive quarters.
On August 17, Zhangjiajie released its semi-annual report: revenue of 212 million yuan, up 9.34% YoY; net profit attributable to shareholders of 308 million yuan, up 1026.80% YoY. Non-recurring items still show a loss of 19.6594 million yuan, with profit mainly from disposal of Dayong Ancient City assets.
On August 13, Shaanxi Tourism released its semi-annual report. H1 revenue was 419 million yuan, down 18.85% year-on-year; net profit attributable to parent was 125 million yuan, down 39.01%. Total assets were 3.713 billion yuan, net assets 2.866 billion yuan. The company completed a 3-for-10 share conversion, increasing total share capital to 101 million shares.
In H1 2026, the UAE hotel sector suffered a sharp downturn due to the US-Iran war, with national occupancy down nearly 28 percentage points and RevPAR down 31.8% year-on-year. However, the impact was uneven: Dubai, reliant on long-haul international and transit traffic, saw occupancy fall 24.6 points to 56.4% and RevPAR drop 35.2%, while Abu Dhabi, supported by domestic demand and events, saw occupancy decline only 13.5 points to 66.8% and RevPAR down 20.3%. Analysts expect slow recovery, not before early 2027, with inbound arrivals forecast to fall 48%.
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.
Accor released its H1 results, with global RevPAR up 2.2% year-on-year, or 4.6% excluding the Middle East impact; recurring EBITDA of 563 million euros, up 6.5%; operating cash flow of 194 million euros, up 42%. It operates 5,835 hotels with over 880,000 rooms worldwide. Full-year RevPAR growth is expected at 2%-2.5%, with recurring EBITDA in the range of 1.26-1.285 billion euros.
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.