Tuniu Posts Record Net Income in Q2 2024 with Strong Growth
Net income for Q2 2024 hit a record high of RMB 43 million since Tuniu's listing. Tuniu Corporation, a leading online leisure travel company in China, reported a significant year-over-year revenue increase in its 2024 second quarter earnings call. The company's revenue from package tours, its core business, surged by 29%, with net income reaching a record high of RMB 43 million. The growth was attributed to the steady expansion of the domestic travel market and a rapid increase in outbound travel following the opening of overseas destinations. Tuniu's focus on customer needs and product enhancement was highlighted, along with a repurchase rate for new tour products that was twice that of regular products. The company announced an optimistic revenue forecast for the third quarter of 2024, expecting a 3% to 8% year-over-year increase.
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