In the third quarter, other income of tuniu was 37.132 million yuan, a year-on-year decrease of 64.77% and a month on month increase of 73.02%. The decline in revenue in this sector was also due to the decline in insurance and financial services revenue due to the impact of the epidemic.
According to the data center of the Ministry of culture and tourism, during the 11 eight day holiday, a total of 637 million domestic tourists were received, with a year-on-year recovery of 79% according to the comparable caliber; and the domestic tourism revenue reached 466.56 billion yuan, with a year-on-year recovery of 69.9% according to the comparable caliber. The enthusiasm of the domestic people for tourism is also reflected in tuniu Gmv (total transaction volume). What is more prominent is that the Gmv of customized tours increased by more than 800% month on month in the third quarter.
Tuniu forecasts that the net income in the fourth quarter of 2020 will be between 112.8 million yuan and 135.4 million yuan, a decrease of 70% - 75% compared with the same period last year.
Change is imminent
According to the data of Analysys, in 2019, Chinas online tourism transaction scale broke through trillion yuan for the first time, reaching 1086.65 billion yuan, with a year-on-year growth of 11.4%, and the growth rate rebounded. The online tourism industry has formed a pattern of competition among Ctrip, Ali and xinmeida (meituan).
Zhang Yi also believes that although the domestic tourism industry is recovering, the prospect of tuniu is not optimistic. The reshuffle of tourism industry is still continuing, and the demand for product innovation of new generation users has undergone fundamental changes. The Post-70s and post-80s are accustomed to using old OTA platforms, while the post-95s prefer emerging platforms such as meituan. New products are replacing the old OTA platforms. From the data of the past few years, the epidemic is only one of the reasons for the decline of tunius performance, but not the root cause.
AI media consulting data shows that in 2019, the top three scenic spot ticket booking platforms accounted for nearly 90% of the total ticket volume, of which meituan occupies the head position with its strong ticket sales ability. In addition to the display function of the platform for scenic spots, it can be seen that users pay more attention to the quality of customer service and after-sales when choosing online tickets and platforms, which is also an important reason for the platform to improve the user experience in the scenic area ticket business.
AI media consulting analysts believe that with the rise of food, accommodation, travel, shopping and entertainment tourism consumption, tourists will prefer to use mobile phones to obtain one-stop service out of the pursuit of convenience.