Tongcheng Travl Hldgs Ltd (TNGCF) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

In 2025, China's travel industry and their company entered a new phase of high-quality development. Over the past year, we witnessed resilient travel demand with increasingly diversified trends. As immersive and experiential consumption continues to gain popularity, amidst this backdrop, we deeply dive into user needs and comprehensively optimize our travel products and user experiences. As a result, both our user base and our crew demonstrated robust growth in 2025, with APU reaching a record high. The robust business growth reflected the ongoing enhancement of our service quality and the expanding influence of our brand. The year 2025 was a year of challenges and opportunities for us. In response to consumers' diversified and personalized needs, we continuously enriched our product offerings. Facing growing expectations for premium services, we consistently improved our service quality. Amidst AI-driven technological revolution, we proactively embraced new frontier technologies with an open attitude. All these showcased our strong organizational agility and exceptional execution capabilities, further reaffirming our commitment to our user-centric mission of make travel easier and more joyful. The Chinese government sees travel as a vital pillar of national economic development. The latest 15 five-year plan has explicitly stated the commitment to expanding the supplies of high-quality travel products and to enhancing travel service standards with the goal of establishing China as a premier travel destination. From the pilot implementation of autumn and winter vacations in certain regions to the longest spring festival holiday on vacation, These expanding holiday arrangements underscore significant governmental support for the travel industry. In terms of demand, tra...