ChinaTravelNews, Ritesh Gupta – Tongcheng Travel Holdings’ ploy of diversifying its business streams is paying off going by how the group continues to expand beyond its main offering in accommodation reservation and transportation ticketing segments.
Sharing its third quarter (Q3) results, Tongcheng Travel stated that the company is witnessing growth in both its core OTA business as well as its tourism offering.
One of the highlights is the rapid expansion of its hotel management platform, according to the company. The number of hotels in operation under its management has gone up to over 2,100, with nearly 1,200 more in the pipeline by the end of Q3. Total signed hotels now tally over 3300. In terms of how Tongcheng has been…
