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Meituan benefits from strengthening of “consumer mindshare” in travel

Meituan benefits from strengthening of “consumer mindshare” in travel

The Chinese e-commerce company underlined its expertise in letting travellers “save money when booking hotels” as it shared its second quarter results.

08/31/2023|10:18:37 AM|Ritesh Gupta, ChinaTravelNews
Tongcheng carries growth momentum in hotels category into Q2

Tongcheng carries growth momentum in hotels category into Q2

By capitalizing on travel demand and working out relevant sales strategy, Tongcheng achieved sizable growth in hotel bookings as compared to what it had achieved for the same period in 2019.

08/30/2023|1:58:56 PM|Ritesh Gupta, ChinaTravelNews
Meituan revenue rises 33% in Q2, netting a $644 million profit

Meituan revenue rises 33% in Q2, netting a $644 million profit

In-store, hotel & travel business grew with transaction volume up by over 120%.

08/25/2023|2:18:45 PM|ChinaTravelNews
China’s hotel chain and SaaS provider Zhiding Yuemei files for U.S. IPO

China’s hotel chain and SaaS provider Zhiding Yuemei files for U.S. IPO

Zhiding Yuemei plans to raise an additional capital of USD 50,000,000 in Pre-IPO.

08/24/2023|10:18:47 AM|ChinaTravelNews
Tencent-backed Tongcheng Travel doubles its revenue in Q2

Tencent-backed Tongcheng Travel doubles its revenue in Q2

Total GMV increased by 145.7% year-to-year to RMB59.7 billion.

08/22/2023|5:25:12 PM|ChinaTravelNews
Chinese OTA Tuniu reports first quarterly operating profit since listing

Chinese OTA Tuniu reports first quarterly operating profit since listing

Net revenues in Q2 increased by 170.5% year-over-year to RMB100.0 million.

08/18/2023|12:36:28 PM|ChinaTravelNews
Leisure-focused OTA firm Tuniu posts 52.3% rise in Q1 revenue

Leisure-focused OTA firm Tuniu posts 52.3% rise in Q1 revenue

Q2 revenue is projected to rise 140%-150%.

06/09/2023|11:12:17 PM|ChinaTravelNews
Trip.com Group sees potential upside in inbound business

Trip.com Group sees potential upside in inbound business

The OTA acknowledged the Chinese government’s friendly policies, including convenient visa services, as well as the growing prowess of its own global business to facilitate inbound travel.

06/09/2023|8:16:11 PM|ChinaTravelNews
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