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Tongcheng Travel sees 130% surge in outbound air ticket sales

China’s second largest online travel agency Tongcheng Travel released its financial results for the fourth quarter and full year of 2024. The company reported total revenue of 17.34 billion RMB ($2.43 billion), marking a 45.8% YoY increase. Adjusted EBITDA for the year reached 4.05 billion RMB ($567 million), up 29.7%, while adjusted net profit stood at 2.79 billion RMB ($391 million). Tongcheng Travel’s annual paying user base expanded to 240 million, with total service transactions reaching 1.93 billion, a 9.3% increase YoY. The company also saw significant growth in international travel, with outbound air ticket sales surging over 130% YoY and international hotel room nights increasing by more than 110%, driven by rising cross-border travel from residents in lower-tier cities.

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