Accommodations accounted for about 20% of total online travel transactions in 2016 and have the potential to reach 100 billion yuan according to China Housing Sharing Development Report 2017.
The number of users sharing accommodations was only 35 million in China in 2016 according to the report. Total transactions of China's accommodation sharing market reached 24.3 billion yuan with over 2 million users providing such services.
The top online platforms for short-term accommodations in...
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