Core Viewpoint - Tongcheng Travel's performance is steadily growing driven by the release of public travel demand, AI technology revolution, and global expansion [1][4] Financial Performance - In Q1 2025, Tongcheng Travel achieved revenue of 4.377 billion yuan, a year-on-year increase of 13.2%; adjusted EBITDA reached 1.159 billion yuan, up 41.3% [2][3] - The company reported a 40% year-on-year increase in international ticket sales and a 50% increase in international hotel night stays [2] Business Segments - The three core business segments of transportation, accommodation, and vacation all experienced double-digit growth in Q1 2025, with transportation revenue increasing by 15.2% to 2 billion yuan, accommodation revenue rising by 23.3% to 1.19 billion yuan, and vacation revenue growing by 20% to 603 million yuan [1][2] - The annual service user count reached 1.96 billion, with annual paying users hitting a record high of 247 million [2] AI Integration - Tongcheng Travel has advanced its AI capabilities, achieving a 43% improvement in efficiency and an 80% increase in booking efficiency through the integration of "Chengxin AI" and DeepSeek [3] - The AI system can generate personalized travel plans based on user input, enhancing user experience and operational efficiency [3] Market Outlook - The CEO of Tongcheng Travel expressed optimism about the growing travel market, particularly among non-first-tier city consumers, and plans to continue focusing on the mass travel market while enhancing AI capabilities [4]
同程旅行年服务人次达19.6亿 首季营收43.8亿增13.2%