Tongcheng Travel (00780) is deeply cultivating the mass tourism market, with a cumulative service of 1.88 billion people per year.

On November 19, TONGCHENGTRAVEL (00780) released its third quarter performance report for 2024. Thanks to the vigorous development of the mass tourism market, as of the third quarter of 2024, TONGCHENGTRAVEL has served a total of 1.88 billion people and has 230 million paid users. The higher frequency of travel consumption demand from users has provided solid support for TONGCHENGTRAVEL's performance growth. In the third quarter, TONGCHENGTRAVEL achieved a revenue of 4.99 billion yuan, with an adjusted net profit of 910 million yuan. Among them, transportation business revenue was 2.03 billion yuan, a year-on-year increase of 20.6%; accommodation business revenue was 1.38 billion yuan, a year-on-year increase of 22.2%. As the proportion of residents in non-first-tier cities in the leisure vacation and outbound tourism markets continues to increase, TONGCHENGTRAVEL's international business has ushered in new development opportunities. In the third quarter of 2024, TONGCHENGTRAVEL's international air ticket volume increased by more than 110% year-on-year, and international hotel room nights increased by more than 130% year-on-year. TONGCHENGTRAVEL CEO Ma Heping said: In the third quarter of this year, the Chinese tourism industry has maintained a continuous upward trend, with domestic and outbound tourism demand steadily increasing and showing great resilience. TONGCHENGTRAVEL has further consolidated its market position through active deployment of domestic and international businesses. In the future, the company will continue to seize market opportunities and promote high-quality development in the industry and the company.