Tongcheng Travel, the Trip.com- and Tencent-invested online travel agency, saw its revenue increased by 45.8% year-to-year to RMB17,340.7 million (about USD2.39 billion) in 2024.
Adjusted net profit increased by 26.7% to RMB2,785.4 million (about USD384 million) in 2024. Adjusted net margin decreased from 18.5% in 2023 to 16.1% in 2024.
Average monthly paying users (MPUs) increased by 4.4% year-to-year from 41.3 million in 2023 to 43.1 million in 2024.
Annual paying users (APUs) increased by 1.5% year-to-year from 234.7 million in 2023 to 238.3 million in 2024.
Twelve-month Accumulated Number of Travelers Served increased 9.3% from 1,764.3 million in 2023 to 1,928.1 million in 2024.
Mr. Ma Heping, Executive Director and Chief Executive Officer of Tongcheng Travel, said, "In 2024, China's travel industry exhibited robust growth and maintained an upward trajectory, driving the Group to deliver exceptional performance during the period under review. As a technology-driven leading travel platform, Tongcheng Travel continues to anchor itself in the mass travel market, further advancing the integration of intelligent travel services and providing users with greater ease in consumption decision-making, which in return strengthens the Group's market position. Looking ahead, the Group is committed to leveraging its core strengths to advance AI technology, enhance its applications and expand application scenarios, thereby creating long-term value for stakeholders."
