Tongcheng Travel Holdings Limited ($TCOM) reported its third-quarter earnings for 2024, revealing a net revenue of RMB 15.9 billion (approximately USD 2.3 billion), marking a 16% increase compared to the same period in 2023. The growth was attributed to a resurgence in travel demand, with net profit soaring 47% to CNY 6.8 billion (USD 936 million). The company also reported adjusted earnings per share (EPS) of $1.25, reflecting a 25% year-over-year increase, and beating analyst expectations by $0.34. Analysts noted that offshore hotel and outbound flight bookings have rebounded to 120% of pre-pandemic levels from 2019. Following the announcement, Tongcheng Travel's stock surged over 7%, prompting several brokers to raise their target prices for the company.