Tongcheng Travel Holdings Ltd

00780: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Tongcheng Earnings: Lowers Guidance Due to Iran War and Rising Fuel Costs but Long-Run Thesis Intact

Kai Wang

May 26, 2026

Tongcheng's first-quarter 2026 revenue increased 14% year on year, driven by strength in the accommodations business, which grew 15%. Other business revenue rose 60% as the newly acquired hotel management and resorts businesses were integrated.

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Tongcheng Travel Holdings Ltd

Tongcheng Earnings: Lowers Guidance Due to Iran War and Rising Fuel Costs but Long-Run Thesis Intact

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