Tongcheng Travel Delivers Strong 2023 Q3 Results
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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.
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- Tongcheng News CenterTongcheng 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.