Tongcheng Travel Q1 2026 Revenue RMB5B, APUs Hit Record 254M

Tongcheng Travel reported Q1 2026 results: revenue up 14.4% YoY to RMB5,005.8 million, adjusted net profit up 19.4% to RMB941.1 million. Annual paying users reached a record 253.9 million. Core OTA revenue grew 17.3%, with transportation ticketing up 6.2%, accommodation up 14.7%, and other businesses (including hotel management) up 59.6%. Over 87% of registered users are from non-first-tier cities. The company continues to deepen AI applications and expand its hotel management business.