- Tongcheng Travel reported Q2 revenue of 4.669 billion yuan, a 10.0% year-on-year increase, significantly slowing from 48.1% last year.
- The accommodation booking segment showed resilience with a 15.2% revenue growth, while the vacation business declined by 8.0% due to ongoing safety concerns in Southeast Asia.
- Despite the slowdown, adjusted EBITDA margin improved to 25.4%, and the company remains optimistic about outbound travel market growth potential, supported by strategic partnerships.
