Tuniu reported net revenues of 127.5% YoY to 3.0 billion yuan (US$469.4 million) and gross bookings of 122.2% YoY to 4.0 billion yuan (US$621.7 million) in the third quarter of 2015. By providing high-quality products and services to customers, Tuniu expects to generate 1,811.0 million yuan to 1,857.4 million yuan of net revenues which represent 95% to 100% growth year-over-year in the fourth quarter of 2015.
The number of trips sold on Tuniu increased by 110.4% to 1,668,325 in the third quarter of 2015 from 792,938 in the third quarter of 2014 including organized tours (635,555) and self-guided tours (369,719), and over 70% of orders came from mobile.
Revenues from organized tours were US$454.2 million in the third quarter of 2015, representing a year-over-year increase of 124.5%. The increase was primarily due to the rapid growth in demand for travel to certain international destinations, such as North America, Japan, Australia, Middle East, Africa and Europe, and domestic tours. Revenues from self-guided tours were US$10.5 million in the third quarter of 2015, representing a year-over-year increase of 165.8% which was promoted by the growth in travel to certain islands and domestic destinations.
Tuniu Third Quarter 2015 Highlights
- Net revenues increased by 127.5% year-over-year toUS$469.4 million in the third quarter of 2015;
- Gross bookings increased by 122.2% to US$621.7 million year-over-year in the third quarter of 2015;
- Total number of trips from organized tours (excluding local tours) increased by 142.1% year-over-year and the total number of trips from self-guided tours increased by 181.8% year-over-year in the third quarter of 2015;
- Mobile orders contributed to over 70% of total online orders in the third quarter of 2015;
- Sales and marketing expenses were US$53.2 million in the third quarter of 2015, representing a year-over-year increase of 180.0%;
- Net loss attributable to ordinary shareholders was US$68.2 million in the third quarter of 2015, compared to a net loss attributable to ordinary shareholders of US$16.16 million in the corresponding period in 2014; and
- 55 regional service centers were added in the third quarter of 2015 and Tuniu had 130 regional service centers throughout China as of September of 2015.
Also read: China Outbound Travelers Shopping Overview 2015
Source: Tuniu