Institutions | By 2025, the cultural and tourism group's revenue leading effect and differentiation characteristics are prominent, with over 60% of companies experiencing revenue growth

LightningPacketLoss · 2026-04-08T10:38:21+00:00

The 2025 Financial Analysis Report of Cultural and Tourism Groups released by Maidian Research Institute shows that the revenues of 34 cultural and tourism groups are quite differentiated. Eight groups, such as Ctrip and OCT A, have revenues exceeding 10 billion yuan, with Ctrip Group reaching a record high of 62.4 billion yuan. The second tier of eight groups has revenues between 1 billion and 10 billion yuan, while the remaining groups are in the 100 million to 1 billion yuan range, with newly listed companies like Yunji demonstrating high growth potential.

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2026-04-08 10:38:21

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On April 8, Maidian Research Institute released its 2025 Financial Analysis Report for Culture and Tourism Group Companies.

For the 2025 fiscal year, the revenue analysis of culture and tourism group companies, using 34 culture and tourism group companies as the statistical sample, shows that revenue among culture and tourism groups is clearly differentiated, with noticeable gradient differences.

Ctrip Group-S, China Tourism Group Duty Free, Yuyuan Co., E E, China Overseas Grand A, Huazhu Group-S, Tongcheng Travel, Jinjiang Hotels, and China Youth Travel Service—these eight companies all had annual revenues exceeding RMB 10 billion; among them, Ctrip Group-S’s leading effect was particularly prominent. Its annual revenue reached RMB 62.4 billion, setting a historical high. Revenue from its accommodation reservation business was RMB 26.1 billion, accounting for about 42%, and it made the largest contribution to total revenue.

AtoB, Capital Hotels, Lingnan Holding, Hong Kong China Travel, Songcheng Performance, and other eight culture and tourism group companies had revenues in the RMB 1–10 billion range, ranking in the second tier. Among them, the hotel category accounted for three companies, and AtoB’s revenue was close to RMB 10 billion.

Jinlv B shares, Jiuhua Tourism, Lijiang Co., and Changbaishan, among other nine culture and tourism group companies, had revenues in the RMB 0.5–1 billion range, mainly consisting of travel agency and scenic spot companies. The remaining nine companies had revenues between RMB 100 million and RMB 500 million. Newly listed HK stocks in 2025, Yunji and Impression Dahongpao, are also in this group, and they have relatively high growth potential.

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