Tuniu Corporation TOUR

Competitive advantage analysis · consumer-cyclical

Corporate Default
Overall moat score
45/100
Developing

About Tuniu Corporation

Tuniu Corporation, together with its subsidiaries, operates as an online leisure travel company in the People's Republic of China and Hong Kong. The company offers various packaged tours, including organized and self-guided tours; and other travel-related services, such as tourist attraction tickets, visa application services, accommodation reservation, and hotel booking services, as well as air and train ticketing services. It … Full TOUR analysis →

Competitive advantage assessment

Key strengths

  • Strong Interest Coverage & Conservative Leverage Debt serviceability is strong (score 0.97), with robust interest coverage.
  • Strong Liquidity Buffer Liquidity position is strong (score 0.82), providing operational cushion.

Key risks

  • Below-Peer Operating Efficiency Operating margin at 29.4th percentile indicates below-peer efficiency.
  • ROIC Below WACC or Peers ROIC at 17.6th percentile suggests inefficient capital deployment.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Pricing Power

Developing
37

Where TOUR ranks in Travel Services

Tuniu Corporation ranks #13 of 20 scored companies in Travel Services by moat score — the top 65%. The widest moat in the group is Booking Holdings Inc. Common St (BKNG) at 76/100.

Moat scores for companies ranked near TOUR in Travel Services
# Company Moat score Rating
9 Carnival Plc CUK 54/100 Moderate
10 Carnival Corporation CCL 52/100 Moderate
11 TripAdvisor, Inc. TRIP 51/100 Moderate
12 Lindblad Expeditions Holdings I LIND 45/100 Developing
13 Tuniu Corporation TOUR 45/100 Developing
14 Yatra Online, Inc. YTRA 43/100 Developing
15 Norwegian Cruise Line Holdings NCLH 40/100 Developing
16 Inspirato Incorporated ISPO 33/100 Developing
17 Inspirato Incorporated ISPOW 29/100 Developing

See every General Corporate company ranked by moat score →

How TOUR scores on the Corporate Default defenses

Pricing Power

Score 37 · 20% of the moat score

Pricing power is the ability to raise prices without losing volume.

Cost Advantage

Score 29 · 15% of the moat score

A cost advantage means delivering the same product for structurally less — better purchasing, denser distribution, a more automated process.

Customer Stickiness

Score 28 · 15% of the moat score

Stickiness is what makes revenue repeat without being re-won every year.

Capital Efficiency

Score 43 · 18% of the moat score

Capital efficiency asks what the company earns on the money tied up in the business.

Resilience

Score 75 · 17% of the moat score

Resilience is the capacity to get through a bad year on its own terms — enough liquidity, enough interest cover, and enough cash generation to avoid a rescue financing or a forced sale.

Scale & Market Position

Score 60 · 15% of the moat score

Scale matters only when it converts into economics.

How each Corporate Default defense is measured, in full →

Understanding TOUR's moat

What is Tuniu Corporation's moat score?

Tuniu Corporation (TOUR) scores 45 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as developing. It ranks #13 of 20 scored companies in Travel Services, the top 65%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 19 companies in Travel Services. Its strongest defense is Resilience (75/100) and its weakest is Customer Stickiness (28/100).

How does Tuniu Corporation compare with other Travel Services companies?

Tuniu Corporation ranks #13 of 20 scored companies in Travel Services by moat score. The widest moat in Travel Services is Booking Holdings Inc. Common St (BKNG) at 76/100. The companies ranked closest are Lindblad Expeditions Holdings I (LIND) at 45 just above it and Yatra Online, Inc. (YTRA) at 43 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Corporate Default in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 19 companies in Travel Services. The defenses are then weighted to produce the overall score out of 100.

Why is Tuniu Corporation scored with the Corporate Default template?

Most public companies sell a product or a service at a margin, so the moat question is whether that margin survives contact with competitors. The Corporate template scores the six defenses that show up in a general operating company's financial signature: whether it can hold price, produce more cheaply than rivals, keep its customers, earn a return above its cost of capital, withstand a downturn, and turn size into economics.

Which competitive defenses are measured for Tuniu Corporation?

The Corporate Default template measures 6 defenses, and TOUR scores: Pricing Power (37), Cost Advantage (29), Customer Stickiness (28), Capital Efficiency (43), Resilience (75), Scale & Market Position (60). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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