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OTAChina / Hong Kong

Tongcheng Travel Q3 Results: Core OTA Up 14.9%, Wanda Hotel Management Acquired

Tongcheng Travel released a press release on its Q3 2025 results: revenue rose 10.4% year-on-year to RMB5.509 billion and adjusted net profit rose 16.5% to RMB1.060 billion. Core OTA revenue rose 14.9% to RMB4.609 billion, with accommodation reservations up 14.7%, transportation ticketing up 9.0% and other businesses up 34.9%. Average MPUs rose 2.8% to 47.7 million, APUs rose 8.8% to 252.9 million, and twelve-month accumulated travelers served surpassed 2 billion. The company completed the acquisition of Wanda Hotel Management (Hong Kong) on October 16, with nearly 3,000 hotels in operation under its hotel management platform and 1,500 in the pipeline.

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Impact and considerations

The press release provides further detail on Tongcheng Travel's core OTA growth and hotel management expansion, showing its user base in the mass travel and lower-tier markets and its strategy of extending the industry chain through acquiring a high-end hotel brand.

Key points

  • Tongcheng Travel's Q3 2025 revenue rose 10.4% year-on-year to RMB5.509 billion and adjusted net profit rose 16.5% to RMB1.060 billion.
  • Core OTA revenue rose 14.9% to RMB4.609 billion.
  • Accommodation reservation revenue rose 14.7%, transportation ticketing revenue rose 9.0% and other businesses revenue rose 34.9%.
  • Average MPUs rose 2.8% to 47.7 million and APUs rose 8.8% to 252.9 million.
  • Twelve-month accumulated travelers served surpassed 2 billion, up 7.3% year-on-year.
  • The company completed the acquisition of Wanda Hotel Management (Hong Kong) on October 16, 2025.
  • The hotel management platform has nearly 3,000 hotels in operation and 1,500 in the pipeline.

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
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