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Tongcheng Travel Revenue Rises to RMB17.34 Billion in 2024, Adjusted Net Profit Grows 26.7% to RMB2.79 Billion

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Rising Travel Spending Boosts Growth
AI Integration Drives Sustainable Development

HONG KONG, March 20, 2025 /PRNewswire/ — Tongcheng Travel Holdings Limited (“Tongcheng Travel” or the “Company”, together with its subsidiaries the “Group”, stock code: 0780.HK), an innovator and leader in China’s online travel industry, today announced its audited consolidated results for the year ended 31 December 2024 (the “period under review” or “2024”).

2024 Results Highlights with Year-on-year (yoy) Change

Robust Growth in Revenue and Adjusted Net Profit

Revenue increased by 45.8% yoy to RMB17,340.7 million Adjusted EBITDA increased by 29.7% yoy to RMB4,050.2 million, adjusted EBITDA margin recorded 23.4% Adjusted net profit increased by 26.7% to RMB2,785.4 million, adjusted net margin recorded 16.1% GMV increased by 5.9% to RMB255.7 billion The Board recommended a final dividend of HKD0.18 per share

Strong User Base with Paying Users Reaching Record High

Annual monthly paying users (MPUs) increased by 4.4% to 43.1 million Annual paying users (APUs) increased by 1.5% to 238.3 million, reaching record high Accumulated number of travelers served in the 12-month period increased by 9.3% to 1,928.1 million, reflecting a robust growth in user purchase frequency

Significant Growth in Core OTA Business Enhancing User Experience and Platform User Value

Revenue of core OTA business increased by 22.1% yoy to RMB14,199.4 million Revenue from transportation ticketing services increased by 19.9% yoy to RMB 7,229.0 million, with international air ticket volume recording a growth rate of over 130% yoy Revenue from accommodation reservation services increased by 19.7% yoy to RMB4,668.2 million, with international room nights sold registering a yoy increase of over 110% Revenue from other business increased by 35.5% yoy to RMB2,302.2 million

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.”

Expanding Influence in the Mass Travel Market with Accumulated Number of Travelers Served Reaching New High to 1.93 Billion
Building on its core strengths in user acquisition and operational efficiency, Tongcheng Travel continued to build its vast user base and enhance user value, expanding its influence in the mass market on the mainland. The Group’s annual MPUs increased by 4.4% yoy to 43.1 million while APUs increased by 1.5% yoy to 238.3 million, marking record highs. The Group’s twelve-month accumulated number of travelers served increased by 9.3% yoy to 1.93 billion, driven by the continuous improvement in user purchase frequency.

Tongcheng Travel continued to expand its traffic sources through both online and offline channels, with a focus on improving operational efficiency. The Weixin ecosystem was the Group’s vital traffic source. The Group has effectively established a vast user base across China by leveraging its huge and stable traffic. The Group continued to refine its operations within the Weixin ecosystem to enhance user interactions. In addition, the Group has been actively diversifying its traffic sources. During the period under review, the Group increased investments in its standalone APP and launched a variety of customized marketing campaigns to attract new users. In 2024, the Group’s registered users residing in non-first tier cities in China accounted for over 87% of the total registered users. For the three months ended December 31, 2024, around 70% of our new paying users on the Weixin platform were from non-first tier cities in China.

Core OTA Businesses Experienced Robust Growth
The International Air Ticketing Business and Accommodation Business Doubled the Growth
During the period under review, the Group’s core OTA business demonstrated remarkable growth. Driven by the increase in ticketing volume and the enhancement in value-added products and services, revenue from transportation ticketing services increased by 19.9% yoy to RMB7,229.0 million. The Group’s air ticketing business continued to gain market share throughout the year, registering solid growth in volume that surpassed the overall industry growth. The Group’s international air ticketing business continued its rapid expansion, fueled by a competitive pricing approach and aggressive marketing efforts. Consequently, the international air ticket volume for the year recorded a remarkable growth rate of over 130% yoy. In addition, the train ticketing business delivered decent revenue growth, supported by ongoing efforts to improve monetization through optimizations of the intelligent Huixing travel system. The Huixing system offers practical and accessible travel solutions, which improves user experience and enhances user value on Tongcheng’s platform.

The Group’s accommodation business experienced strong growth, as it achieved record highs in both room nights sold and revenue during the period under review. The revenue from accommodation business increased by 19.7% yoy to RMB4,668.2 million. The Group persisted its efforts to increase penetration in the mass travel market in China amid the resilient demand. Tongcheng Travel is committed to delivering the best value-for-money products and services to the users. The Group strengthened its partnership with suppliers and collaborated to offer users differentiated products and services, thereby enhancing product competitiveness.

As the nation’s travel demand shifts from ‘essential’ to ‘leisure and vacation, the Group’s other business under the core OTA business also performed steadily, with revenue increasing by 35.5% year-on-year to RMB2,302.2 million.

Leading the Transformation of AI Technology in the Travel Industry
Deepening the Travel Industry Chain and International Expansion
As a technology-driven company, Tongcheng Travel continued to increase its investment in technology research and development and actively promote the deep application of AI technology in the travel industry, bringing profound changes to the sector. The Group had self-developed Chengxin (程心), a proprietary generative AI system focusing on travel, which helps users create personalized travel itineraries and compare accommodation options based on their preferences. The Group has also developed digital assistants for several tourist destinations, providing personalized recommendations and facilitating seamless interaction with tourists. During the period under review, the Group became the world’s first online travel platform to integrate DeepSeek and it officially completed the technical integration with Chengxin system. The Group strategically incorporated emerging technologies to enhance operational efficiency and elevate user experiences. It has implemented a n AI-driven customer service system to streamline workflows and reduce workloads for the staff, to enhance their productivities at work.

Tongcheng Travel is committed to fostering high-quality development within the travel industry by empowering its industry partners and enhancing user experiences. During the period under review, the Group partnered with the Eastern Airport Group to help them implement targeted marketing strategies to attract traffic. Meanwhile, it also joined hands with a number of airports in Western China region to conduct joint marketing campaigns centered around a popular game, aiming at promoting the travel routes featured within the game and boosting local travel development.

As one of the Group’s key industry chain initiatives, the hotel management business has continued its growth momentum across China. As at the end of December 2024, the number of hotels in operation under Elong Hotel Technology rose to nearly 2,300, with approximately 1,400 more hotels in the pipeline.

Furthermore, HOPEGOO, the new international online travel booking platform under Tongcheng Travel, has been in full operation, providing reservation services in six key areas including flights, hotels, train tickets, tickets, ferry tickets, and local activities, and supporting payments in 16 currencies and multiple operating languages. Meanwhile, eLong Hotel Technology, the hotel technology platform of Tongcheng Travel, has boarded brands covering countries such as Japan, Malaysia and Indonesia. These brands will provide diverse and high-quality accommodation experiences for global consumers.

Going forward, the Group will leverage its core strengths to foster enduring expansion. The Group is committed to strengthening its core OTA business by enriching the product and service offerings and delivering greater value to its users. At the same time, the Group will prioritize the expansion of the outbound business to seize emerging market opportunities and bolster its global footprint. Besides, the Group will continue to advance its hotel management and package tour businesses to strengthen its influence and competitive edge within the industry. Tongcheng Travel will emphasize corporate governance, environmental protection, and social responsibility in our operations to generate long-term value for its stakeholders.

About Tongcheng Travel Holdings Limited (HKSE Stock Code: 0780.HK)
Tongcheng Travel is a one-stop shop for users’ travel needs. With the mission “make travel easier and more joyful”, Tongcheng Travel offers a comprehensive and innovative selection of products and services covering nearly all aspects of travel, including transportation ticketing, accommodation reservation, tourist attraction ticketing, and products including package tour, self-guided tour and cruise, including a wide array of transportation and leisure travel scenarios primarily through its online platforms, which comprise its Tencent-based platforms, its proprietary mobile apps, quick apps and other channels.

As a technology-driven company, Tongcheng Travel leverages big data and AI capabilities to better understand the preferences and behaviors of users, thereby offering users customized products and services. Tongcheng Travel has a strategic focus on lower-tier cities in China and seized opportunities there supported by its diversified traffic sources, product innovation capability and flexible operation strategies. Through the in-depth understanding of user experience and advanced technological capabilities, Tongcheng Travel has been revolutionizing what consumers expect from the online travel industry, making the entire travel process more convenient, personalized and enjoyable than ever. Tongcheng Travel aims to develop and apply its advanced technology to transform from an online travel agency to an intelligent travel assistant.

For more information, please visit the Group’s website at https://www.tongchengir.com

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SOURCE Tongcheng Travel Holdings Limited

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Solid Joins Snowflake and Industry Leaders to Advance Open Standards for AI-Ready Semantic Context

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The Open Semantic Interchange (OSI) creates a universal semantic framework that enables AI agents, analytics platforms, and data systems to share trusted business context across the modern data ecosystem.

NEW YORK, July 13, 2026 /PRNewswire/ — Solid today announced it is joining the Open Semantic Interchange (OSI), an open source initiative that creates a universal specification for all companies to standardize their fragmented data definitions with an open, vendor-neutral semantic model specification. OSI aims to enhance interoperability across various tools and platforms, offering enterprises a vendor-neutral specification that provides consistent metrics and definitions across dashboards, notebooks, and machine learning models.

OSI is an open source initiative led by Snowflake, the AI Data Cloud company, and ecosystem partners across multiple domains and industries including business intelligence (BI), data governance, data engineering, AI, financial services, and manufacturing. Its goal is to create a common, vendor-agnostic specification that defines semantic metadata in a standard, open format. By facilitating seamless semantic metadata exchange, the initiative will accelerate the adoption of AI and BI tools to streamline operations and reduce complexity. This in turn allows organizations to unify their data definitions, leading to more comprehensive and accurate data analysis and data product sharing to fuel AI innovation.

By joining the Open Semantic Interchange, Solid is committed to the creation of a universal standard that simplifies data operations and accelerates innovation for the broader ecosystem,” said Yoni Leitersdorf, CEO & Co-Founder, Solid. “Our participation ensures that semantic context can automatically move seamlessly across AI agents, data warehouses, BI tools, and analytics platforms – enabling organizations to build reliable AI systems on top of a shared, interoperable understanding of their business, without vendor lock-in.”

As a member of OSI, Solid is helping to build a transparent and community-driven standard for semantic model sharing, ensuring that business metrics and definitions remain consistent and interoperable.

“Unlocking the full potential of data and AI requires a common foundation, and the Open Semantic Interchange is the critical step in building that bedrock,” said Josh Klahr, Director of Analytics Product Management at Snowflake. “Our collaboration with partners like Solid establishes a unified, vendor-neutral standard for semantic data, ensuring clarity and consistency across the entire ecosystem. This initiative is essential for simplifying data operations, fostering innovation, and preparing organizations to build the next generation of AI applications.”

OSI is poised to revolutionize interoperability within the data and AI ecosystem by providing a transparent, community-driven standard. This collaborative effort simplifies data operations, unlocks new possibilities for innovation, and gives organizations the flexibility and efficiency they need to build a future-ready data infrastructure.

To learn more about the Open Semantic Interchange visit Snowflake’s blog here.

About Solid

Solid is the AI-native context layer for enterprise AI, automatically creating, evaluating, and maintaining the semantic context AI agents need to understand and act on business data reliably. Unlike legacy semantic layers built for dashboards and manual modeling, Solid continuously benchmarks accuracy, detects data changes, and keeps AI systems aligned as the business evolves. The result is faster deployment of trusted AI agents, workflows, and analytics across any data warehouse or AI platform.

To learn more about Solid, visit getsolid.ai

Media Contact: Blair Bader, blairb@getsolid.ai

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SOURCE Solid Data, Inc

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Orbis Marks 30 Years of Advancing Eye Health in Vietnam Through Long-Term Partnership and Training

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Flying Eye Hospital project in Da Nang, supported by FedEx, advances locally led eye care and expands access across Central Vietnam and the Central Highlands.

DA NANG, Vietnam, July 24, 2026 /PRNewswire/ — Global eye care nonprofit Orbis International is marking three decades of collaboration with Vietnam’s eye health community, a long-term partnership that has helped build local expertise, strengthen institutions, expand access to care, and support Vietnam’s growing leadership in eye health across the Asia-Pacific region.

The arrival of the Orbis Flying Eye Hospital in Da Nang represents the next chapter in that partnership. At the invitation of Da Nang Eye Hospital and with approval from the People’s Committee of Da Nang City, and support from Da Nang Department of Health, and other relevant departments and local authorities, the project will serve as a platform for hands-on training, innovation, and knowledge exchange. Through clinical training and mentorship across key specialties, the project will help approximately 230 eye care professionals build skills that will benefit communities for years to come, while supporting access to specialized services for nearly 9 million people in Central Vietnam and the Central Highlands.

Cybersight, Orbis’s telemedicine and e-learning platform, is an integral part of every Flying Eye Hospital project—connecting in-person training with continuous learning before and after the aircraft is on site. Through Cybersight, participants can prepare in advance, consult with global experts, access ongoing education, and continue building skills long after the project concludes, extending the impact of the Flying Eye Hospital far beyond the aircraft itself.

“This project is not a standalone intervention; it is the latest chapter in a long-term partnership to advance Vietnam’s eye health system,” said Ngoc Pham, Orbis Vietnam Country Director. “The most important outcome is not what Orbis has done in Vietnam, but what Vietnamese institutions and eye care professionals now lead themselves. Our role at Orbis is increasingly to support, convene, innovate, and accelerate that local leadership so progress continues long after the Flying Eye Hospital departs.”

“Around the world, Orbis is focused on creating lasting change by investing in people, institutions, technology, and local leadership,” said Kathleen Sherwin, President and CEO of Orbis International. “The Flying Eye Hospital is one part of that larger model—bringing intensive, hands-on training together with tools like Cybersight, artificial intelligence (AI), and research so local teams can continue improving care long after a project ends. Vietnam shows what is possible when long-term partnership helps proven solutions take root and scale.”

Building on decades of progress, Vietnam is emerging as a regional leader in eye health, with particular strengths in pediatric care, diabetic retinopathy, retinopathy of prematurity, workforce development, and technology-enabled care. Its growing experience in AI-supported screening, implementation, research, and evidence generation can help inform eye health progress across the Asia-Pacific region.

FedEx, a long-time supporter of Orbis, and a title sponsor for this Flying Eye Hospital project in Vietnam, donated the MD-10 aircraft that serves as the Flying Eye Hospital and continues to provide essential logistical, financial, and operational support. Volunteer pilots from FedEx fly the aircraft to its destinations around the globe. FedEx is represented on the Orbis International Board of Directors.

“At FedEx, we believe that connecting people goes beyond delivering packages – it is about creating opportunities and helping communities thrive,” said Ee-Hui Tan, managing director of FedEx Vietnam and Cambodia. “We are proud to support the return of the Orbis Flying Eye Hospital to Vietnam. Together with Orbis, we are investing in the knowledge and skills of healthcare professionals, helping strengthen Vietnam’s eye care system so more patients can access quality care closer to home.”

Underscoring Orbis’s commitment to high-quality training and patient care, QUAD A, a nonprofit accreditation organization, works with Orbis to ensure that the Flying Eye Hospital meets rigorous standards that prioritize patient safety.

Over the past 30 years, Orbis has supported the training of more than 40,000 eye care professionals and helped expand access to care for millions of people across Vietnam. Today, Vietnamese institutions and professionals are increasingly leading innovation and delivering high-quality care independently, demonstrating the impact of sustained investment in local capacity, technology, and systems change.

Looking ahead, Orbis will continue working with partners across Vietnam to scale proven solutions through workforce development, technology, Cybersight, AI-supported screening, research, and stronger health systems—so that more people can receive quality eye care closer to home.

Orbis in Vietnam

Since beginning work in Vietnam in 1996, Orbis has worked alongside government partners, hospitals, and training institutions to expand access to quality eye care and build sustainable local capacity. Cumulative impact includes:

More than 40,000 eye care professionals trained.More than 5.2 million people reached with eye care services.More than 139,000 sight-saving surgeries supported.17 retinopathy of prematurity centers supported.12 vision centers strengthened to bring care closer to communities.National clinical guidelines supported across priority eye health areas.Cybersight and AI-supported screening deployed to expand training, consultation, and early detection.

This work has supported national clinical guidelines, stronger referral pathways, improved treatment outcomes, and new models of care in areas including retinopathy of prematurity, pediatric eye care, school eye health, cataract, diabetic retinopathy, and glaucoma.

As the partnership continues, Orbis and its partners are focused on scaling proven solutions through workforce development, technology, Cybersight, AI, research, and stronger health systems—so that everyone can access quality eye care closer to home.

About Orbis International

Orbis International works around the world to prevent blindness and restore sight for children and adults in places where eye care is out of reach—so vision problems don’t make it harder to learn, earn a living, or enjoy life. Around 1.1 billion people live with vision loss, but with the right care, 90% of it is completely avoidable. That is why Orbis trains doctors, nurses, and other eye care professionals to provide care in their own communities—and works to make sure people of all ages can access the eye exams, glasses, medicine, and surgeries they need to protect and restore their sight. Orbis began this work more than 40 years ago with the Flying Eye Hospital, a teaching hospital on a plane that brings expert training and care where they’re needed most. Today, we also work with local hospitals and clinics across Africa, Asia, and Latin America to make eye care available to more people, and we use and develop technology—like our award-winning Cybersight e-learning and telehealth platform, artificial intelligence screening, and virtual reality training—to help eye care teams treat patients more effectively. Orbis ranks in the top 3% of U.S. charities, having earned top marks for transparency and accountability from Charity Navigator, GuideStar, and the Better Business Bureau. To learn more, please visit orbis.org

About FedEx Corp.

FedEx Corp. provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce, and business services. With annual revenue of $92 billion, the company offers integrated business solutions utilizing its flexible, efficient, and intelligent global network. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its more than 500,000 employees to remain focused on safety, the highest ethical and professional standards, and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit fedex.com/about.

Media Contacts

Orbis Vietnam
Nhung Nguyen
Communications Officer
Nhung.nguyen@orbis.org
+84 0904562983

Orbis International
Jenna Montgomery
Interim Lead, Global Communications and Marketing
Jenna.montgomery@orbis.org

FedEx
Heather Harshbarger
Communications Advisor
+1 901-690-9869

 

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SOURCE Orbis International

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In HelloNation, Property Management Expert Karen Nolan Explains What Property Managers Do for Landlords

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The article outlines how property management services support landlords through tenant screening, maintenance, and lease enforcement.

MENIFEE, Calif., July 24, 2026 /PRNewswire/ — What do property managers actually do for landlords in Menifee, CA? HelloNation has published an article that provides clear answers and practical insight into the full scope of property management services.

 

The HelloNation article explains that a property manager handles far more than rent collection. Property management services begin with marketing vacancies and attracting qualified renters in Menifee, CA. The article explains how tenant screening plays a central role in protecting landlords by carefully evaluating applicants and reducing the risk of future issues.

According to the article, tenant screening helps ensure that each tenant meets financial and behavioral expectations. This step supports stable occupancy and reduces turnover, which is critical for any landlord managing property in Menifee, CA. Property Management Experts note that consistent tenant screening also helps maintain the long-term value of rental properties.

Once tenants are placed, the article outlines how a property manager becomes the main point of contact. Property management services include responding to tenant concerns, handling communication, and enforcing leases. By managing these responsibilities, the property manager allows the landlord to avoid direct disputes and maintain professional distance.

The article emphasizes that lease enforcement is essential to protecting both the property and the agreement. Property managers monitor compliance with lease terms and address violations when necessary. This structured approach helps landlords in Menifee, CA, maintain order and consistency across their rental properties.

Maintenance is another major focus of property management services. The article explains that property managers coordinate maintenance and oversee property repairs to keep homes safe and functional. While they may not perform repairs themselves, they manage vendors, schedule work, and respond to urgent issues quickly.

The article notes that timely maintenance and property repairs prevent small issues from becoming larger and more expensive problems. This proactive approach supports tenant satisfaction while preserving the property’s condition. Property Management Experts highlight that consistent maintenance planning is a key benefit for any landlord.

Beyond daily operations, the HelloNation article describes the administrative side of property management services. A property manager prepares leases, maintains records, and ensures compliance with local and state regulations in Menifee, CA. This includes staying informed about legal requirements that affect landlords and rental properties.

Financial oversight is also part of the role. The article explains that property managers handle rent collection, manage deposits, and provide regular financial reporting. These services give landlords a clear understanding of property performance without requiring constant involvement.

For landlords who own multiple properties or live outside Menifee, CA, the article highlights the value of professional property management services. A property manager helps streamline operations, coordinate maintenance, and ensure that lease enforcement and tenant screening are handled consistently. This reduces stress while improving efficiency.

The article concludes that understanding the full role of a property manager helps landlords make informed decisions about their level of involvement. With responsibilities that include tenant screening, maintenance, lease enforcement, and property repairs, property management services offer a comprehensive solution for effectively managing rental properties.

What Do Property Managers Actually Do for Landlords in Menifee features insights from Karen Nolan, Property Management Experts of Menifee, California, in HelloNation.

About HelloNation
HelloNation is a premier media platform that connects readers with trusted professionals and businesses across various industries. Through its innovative “edvertising” approach that blends educational content with storytelling, HelloNation delivers expert-driven, good-news articles that inform, inspire, and empower. Covering topics from home improvement and health to business strategy and lifestyle, HelloNation highlights leaders making a meaningful impact in their communities.

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