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Stock Monitor: Brunswick Post Earnings Reporting
LONDON, UK / ACCESSWIRE / May 18, 2018 / If you want access to our free research report on Tuniu Corp. (NASDAQ: TOUR), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=TOUR as the Company's latest news hit the wire. On May 16, 2018, the Company announced that it has released a range of strategic initiatives, dedicated to the enhancement of the Company's destination-based products and services aimed at optimizing customers' experiences during their trips. Register today and get access to over 1,000 Free Research Reports by joining our site below:
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Tuniu's Destination-Based Service Network will Serve as a Positive Example for Whole Industry
Donald Dunde Yu, Co-Founder, Chairman, and Chief Executive Officer (CEO) at Tuniu, stated that, driven by its mission of ‘Making Travel Easier', Tuniu will now focus on building a products and services network encompassing travel destinations across the world to complement its network of departure cities. Yu added that through the Company's direct procurement and local tour operators, it is able to provide more diversified and high-quality products to meet the shifting demands of China's leisure travelers for better and more sophisticated travel products. Yu believes that Tuniu's destination-based service network will improve the travel experiences for its customers and will serve as a positive example for the whole industry.
Destination-Based Service Network
Tuniu launched its first domestic local tour operator in Xiamen, China, in 2016. By the end of February 2018, the Company had a total of 11 domestic local tour operators. Tuniu plans to open 20 additional local tour operators in 2018, covering all major regional destinations throughout China. With the maturity and increased coverage of the Company's domestic local tour operators, Tuniu will be able to serve around one million trips through its local tour operators and become one of the leading local tour operators in China.
Tuniu's Global Partnership Plan
Tuniu also announced its ‘Global Partnership Plan', through which it plans to partner with leading local tour operators at international destinations to better serve its customers. For these partners, Tuniu will provide a range of services such as access to the Company's supply chain resources, customer base, financial assistance, and technology support. Currently, Tuniu has successfully cooperated with three partners in Japan, Thailand, and the United States. Within the next three years, the Company plans to increase the number of partners to 30. By combining its ‘Global Partnership Plan' with its own destination service team, Tuniu will be able to develop its own international service network.
Destination-Based Products & Services to Facilitate Booking of Transportation, Accommodation, and Destination Products During Trips
Tuniu launched a dedicated channel for destination-based products and services in 2018, aimed at facilitating customers with the booking of transportation, accommodation, and destination products during their trips. The destination channel currently covers over 1,000 destinations globally, and 25 product categories such as local car rental, local activities, and travel photography. The Company also launched a number of mini-apps in WeChat as a complementary service to its destination channel in order to help customers choose their next travel destination and enhance the cross selling of products during their trips. These mini-apps provide detailed and useful contents for destinations and support direct purchases from the apps.
About Tuniu Corp.
China-based Tuniu is a leading online leisure travel Company that offers a large selection of packaged tours, including organized and self-guided tours, as well as travel-related services for leisure travelers through its website tuniu.com and its mobile platform. Tuniu has over 1,800,000 stock keeping units of packaged tours, covering over 400 departing cities throughout China and all popular destinations worldwide.
Stock Performance Snapshot
May 17, 2018 - At Thursday's closing bell, Tuniu's stock dropped 8.95%, ending the trading session at $6.82.
Volume traded for the day: 508.01 thousand shares, which was above the 3-month average volume of 216.67 thousand shares.
Stock performance in the last month – up 8.60%
After yesterday's close, Tuniu's market cap was at $833.34 million.
The stock is part of the Consumer Goods sector, categorized under the Recreational Goods, Other industry. This sector was flat at the end of the session.
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