Tongcheng Travel Q3 2025 Revenue Up 10.4% to RMB5.509 Billion
Tongcheng Travel reported unaudited Q3 2025 results: revenue rose 10.4% year-on-year to RMB5.509 billion, adjusted EBITDA rose 14.5% to RMB1.510 billion, and adjusted net profit rose 16.5% to RMB1.060 billion. Average MPUs rose 2.8% to 47.7 million, APUs rose 8.8% to 252.9 million, and twelve-month accumulated travelers served rose 7.3% to 2.019 billion. Core OTA revenue rose 14.9%, with accommodation reservations up 14.7%, transportation ticketing up 9.0% and other businesses up 34.9%; tourism revenue fell 8.0%, mainly due to safety concerns about travel to Southeast Asia. The company completed the acquisition of Wanda Hotel Management (Hong Kong) in October.
Impact and considerations
Tongcheng Travel's core OTA business kept growing in Q3, but its tourism business was dragged down by safety concerns about Southeast Asia, showing the real impact of regional safety events on Chinese outbound travel demand; the hotel management business and Wanda Hotel Management acquisition reflect expansion of its…
Key points
- Tongcheng Travel's Q3 2025 revenue rose 10.4% year-on-year to RMB5.509 billion.
- Adjusted EBITDA rose 14.5% to RMB1.510 billion and adjusted net profit rose 16.5% to RMB1.060 billion.
- Average MPUs rose 2.8% to 47.7 million and APUs rose 8.8% to 252.9 million.
- Twelve-month accumulated travelers served rose 7.3% to 2.019 billion.
- Core OTA revenue rose 14.9%, with accommodation reservations up 14.7%, transportation ticketing up 9.0% and other businesses up 34.9%.
- Tourism revenue fell 8.0%, mainly due to safety concerns about travel to Southeast Asia.
- The company completed the acquisition of Wanda Hotel Management (Hong Kong) in October 2025.
Sources and time
- Primary source
- Tongcheng Travel
- Other sources
- 0
- First source publication
- 25 Nov 2025, 08:00
- Page published
- 11 Sept 2026, 00:17
- Last updated
- 25 Nov 2025, 08:00
- Original links
- Tongcheng Financials：Tongcheng Travel 2025 Q3 financial results (opens in a new tab)Primary source · en · Published 25 Nov 2025, 08:00