Steeper-than-expected in-store, hotel and travel operating profit fall reflects heightened spending on promotions within this sector.
The share of Chinese online travel company’s revenue from categories other than accommodation and transport ticketing almost touched 15% in Q3.
Continuous iterations of the group’s digital assets, including its powerful mobile app, is being driven by AI. Areas that AI is standing out is trip planning and content marketing.
The company said its path to profitability is increasingly clear.
80% of Tongcheng's average MAUs were contributed by Tencent's Weixin mini-program.
The OTA giant will continue global expansion and cultivate AI-related initiatives.
The two giants also face rising competition from younger rivals like Airbnb.
Asia Pacific business has fully recovered.
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