Tuniu Corp, a NASDAQ-listed Chinese online travel service firm based in Nanjing, East China's Jiangsu Province, on Thursday announced growth targets for 2016.
Yan Haifeng, co-founder and chief operation officer, told a press conference that Tuniu is opening up its platforms for air tickets, hotels and themed tours to incorporate more qualified suppliers. Yan said the move showed that the company now has considerable online traffic.
The company put its 2016 target for air ticket bookings at 100,000 per day, without disclosing current figures.
Domestic air ticket sales in the third quarter of 2015 were up 20-fold from a year earlier, while international ticket orders increased 450 percent, it said.
Bookings for domestic hotels via the Tuniu platform increased 725 percent year-on-year for all of 2015, while those for international hotels rose 460 percent, the company said.
The company said it hopes the performance of its hotel channel, as measured by room nights sold, will increase 10-fold in 2016.
Tuniu received investment from a unit of airline conglomerate HNA Group in November 2015. The latter bought a 24.1 percent stake in Tuniu Corp for $500 million, as consolidation gathered pace in China's tourism sector.
Price wars have driven many online travel companies into the red. In its third-quarter 2015 earnings report released in November, Tuniu reported a loss of 433.7 million yuan ($65.92 million), more than quadruple its loss of 103.4 million yuan in the same period in 2014.
For the fourth quarter, Tuniu said in the report, it expected to generate up to 1.86 billion yuan in revenue.
Tuniu joined the NASDAQ in May 2014 and raised about $72 millio.
