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.
Impact and considerations
Tongcheng Travel's Q3 results reflect strong recovery in China's domestic travel market, with growth in non-first-tier city users and record transportation and accommodation performance, offering reference value for businesses tracking China's OTA market and travel demand.
Key points
- Tongcheng Travel's 2023 Q3 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.
- Over 71% of new paying users on the Weixin platform in 2023 Q3 were from non-first-tier cities.
- Tongcheng Travel established strategic cooperation with Henan Airport Group and helped a county government in Shanxi province develop an intelligent travel platform.
Sources and time
- Primary source
- Tongcheng Travel
- Other sources
- 0
- First source publication
- 21 Nov 2023, 08:00
- Page published
- 12 Sept 2026, 00:42
- Last updated
- 21 Nov 2023, 08:00
- Original links
- Tongcheng News Center：21-11-2023 Tongcheng Travel Announces 2023 Third Quarter Results (opens in a new tab)Primary source · en · Published 21 Nov 2023, 08:00