Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services that went public in Hong Kong on September 20, 2018, announced its total revenue surged by 97.2% year-on-year to 19.1 billion yuan (US$2.75 bn) in Q3 2018. Annual Transacting Users increased by 30.3% to 382.3 million as of September 2018. On average, the annual […]
There were a total of 457,834 accommodation companies in China with 16,770,394 rooms as of 2017. Among that, 317,476 were hotels (each with 15 or more hotel rooms), with a total number of 15,480,813 hotel rooms. The average hotel rooms per hotel were around 49. Budget hotels took the largest share of 67%. Around 10.39 […]
The short-term rental has been gradually gaining popularity in China since 2010. There are 80 million short-term rental users in 2017, a high jump of 103%, which is expected to reach 147 million by the end of 2018. It is estimated to slow its pace with the growing user base. Currently, the short-term rental platforms […]
China’s online hotel booking market had 91.09 million monthly active users (MAU) in Q2 2018, an increase of 20.1% quarter-on-quarter, setting a record high since 2016. There are around 20 million newly added users, 70% of them came from tier-3 cities and below. Of the total, over 50% of them were from tier-3 cities and below. […]
China’s shared accommodation market generated a total transaction of 14.5 billion yuan (US$2.27 bn) in 2017, up 70.6% from a year earlier, according to State Information Center of China.
The number of people in China using social networking and communication sites or apps rose modestly in the first half of 2017, with 84.3% of internet users using WeChat Moments and 65.8% using QZone.
eLong, Home Inns, and Booking lead China’s mobile hotel booking apps market in March 2017. eLong and Home Inns both recorded over one million monthly active users. Airbnb also ranks the sixth with 126% growth YoY. The MAU of China hotel service mobile apps is 4.35 million with a decrease of 25.9% YoY in March […]
China online travel market totaled 602.6 billion yuan (US$87.46 bn) in 2016 with an increase of 34%. It’s estimated to exceed 1 trillion yuan (US$147 bn) in 2019.
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 […]
Following the rising success of Airbnb, China’s short-term accommodation market is also booming during the recent years and reached 24.3 billion yuan in 2016. Players leading this market include Tujia.com, Mayi.com, Xiaozhu.com, and Airbnb.
Total transactions of China’s online travel market reached 162.76 billion yuan (US$23.59 billion). OTA revenues totaled 8.19 billion yuan (US$1.19 billion).
Qunar was ranked the top generic travel booking app by coverage in September 2016 according to data from TalkingData, followed by Ctrip and LY.com apps.