Tongcheng Travel Holdings Ltd

00780: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tongcheng Earnings: Robust Demand for Travel Continues in China Despite Geopolitical Tensions

Kai Wang

Apr 1, 2026

Tongcheng's fourth-quarter 2025 revenue increased 14% year on year, driven by strength in the accommodations business that grew 17%. Fourth-quarter earnings also reflect contributions from recently acquired Wanda.

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Tongcheng Travel Holdings Ltd

Tongcheng Earnings: Robust Demand for Travel Continues in China Despite Geopolitical Tensions

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