Tongcheng Travel Holdings Ltd
Company Profile
Business description
Tongcheng Travel is an online travel agency platform that provides booking services for hotel and ticketing in China. It generated 84% of its revenue from accommodation reservations and transportation ticketing in 2023. The rest came from advertising and in-house software sales. The platform provides both online and offline services in the form of call centers. Tongcheng Travel was formed from the merger of Tongcheng Network and eLong in 2018. It is currently 21.38% owned by Tencent and 20.86% by Trip.com. Tongcheng targets lower-tier cities and as of 2021, 86.7% of its users are from non-first-tier cities in China and 61.7% of new paying users on Weixin were from Tier 3 or below cities in China. The company competes with Trip.com, Alibaba's Fliggy, and Meituan.
Contact
No. 188, Yuxin Road
Tongcheng Mansion, Suzhou Industrial Park
Jiangsu
CHNT: +86 51281669418
Sector
Consumer Cyclical
Stock type
Cyclical
Industry
Travel Services
Fiscal Year End
31 December 2024
Employees
10,241
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