Under the influence of the epidemic，The performance of many tourism companies has been greatly affected。March 16，Tuniu Travel Network announced its unaudited fourth quarter and annual performance report for the 2020 fiscal year as of December 31, 2020。Report Display，Full Year 2020，Tuniu recorded net revenue 4.500 million yuan，Although it dropped by 80% year-on-year.3%，However，Under the series of measures it has taken，Performance is gradually recovering，Revenue dropped from 85% in the third quarter.5% narrowed to 73.7%，And it will further narrow to 60%-65% in the first quarter of 2021，At the same time，Excluding 188bet app download impairment fourth quarter and full-year administrative expenses、Loss narrowed year-on-year。Industry insiders said，As the epidemic subsides，It is expected that the tourism market this year will be better than last year，The performance of Tuniu is also expected to usher in a new turn。

Financial report data is also displayed，The increase in operating expenses for the whole year of 2020 is mainly due to the impact of the new crown epidemic，As of December 31, 2020，Cash and cash equivalents held by the company、Restricted cash and short-term investments total RMB 1.6 billion，Same as last quarter。

Tuniu’s statement，Initial stage of the epidemic，Tuniu has also adopted a series of cancellation services and guarantees，Achieved industry-leading refund speed。The direct losses borne by unsubscribed customers during the epidemic exceeded 100 million，Customer refunds advanced to suppliers also exceed 100 million。Starting from the second quarter of 2020，Domestic tourism recovery is stable and improving，In the process of resuming work and production after the epidemic，Tuniu is also actively engaged in research and development、Upgrade product，To meet 188bet online sports betting customers’ travel needs at different stages。In mid-April，Tuniu has also started live streaming to bring goods，And normalize live broadcast activities through "Product Day"；In the third quarter，Tuniu has also implemented an upgrade，Enable new LOGO。At the same time，In a year affected by the epidemic，Tuniu also continues to expand its direct service network，Prepare to build two new direct-service agencies，As of now，The domestic travel destination reception network covers more than 30 destinations。

Beijing Business Daily reporter also learned，With the arrival of spring，At present, Tuniu’s business has also further recovered along with various travel agencies。Displayed based on Tuniu booking data，After the Spring Festival，User booking data continues to grow。Tuniu’s statement，In 2021，Will continue to strengthen product research and development organization，Satisfy the deep concentration of essence、Personalization、Customized requirements。

In the opinion of industry insiders，As a domestic OTA company，Before the epidemic, a large proportion of Tuniu’s business was in destinations，Especially 188bet app download overseas destinations，So under the impact of the epidemic in the past year，The impact is also greater。With the further recovery of the domestic tourism market this year，At the same time, the vaccination rate continues to increase，The tourism market is expected to continue to recover，Hopefully in the summer，Every OTA can usher in a greater turnaround。

188bet app Source:Beijing Business Daily, Author:Guan Zichen, Wu Qiyun, original title: "Income decline continues to narrow. Can Tuniu’s performance turn around in the new year》.