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 […]
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.
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.