China's online accommodation booking market grew by 18.5% to US$7.01 bn in Q4 2018. The top 3 players combined accounted for 73.2% of the total. Ctrip placed first with a share of 46.4%. Meituan Dianping (14.3%) overtook Qunar (12.5%) to be the first runner-up.
The online accommodation booking market totaled 47.11 billion yuan (US$7.01bn) in Q4 2018, an increase of 18.5% year-on-year or a decline of 13.7% quarter-on-quarter.
The fourth quarter generally marks the end of peak travel season and, the scandal of luxury hotels' hygiene horrors also had an adverse effect on people's passion for travel.
Nevertheless, greatly promoted by National Day and New Year's Day holidays, leading players made efforts to improve service quality of hotels and further enriched the gameplay of ...
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