GTV of the in-store, hotel & travel businesses grew by 15.1% to RMB46.4 billion in the three months ended March 31, 2019.
OYO Hotels is also exploring ways to collaborate with OTAs such as Fliggy, Ctrip and others, along with other consumer traffic-building platforms.
Overseas travel agencies have rolled out road shows in China recently in an attempt to grab a slice of the pie.
Hotel turnover increased 17% to RMB7.2 billion. Net revenues from manachised and franchised hotel were RMB1.7 billion (US$257 million), representing a 15.2% year-over-year increase.
Revenue of accommodation reservation, transportation ticketing, packaged-tour and corporate travel revenue increased by 21%, 16%, 25%, 32% separately in Q1 2019.
Major carriers such as China Southern Airlines has grounded 24 Boeing 737 MAX planes with Air China grounded 15, and Hainan Airlines grounded 11.
Border crossings have increased, but only 44% of those travellers in the last quarter of 2018 ended up beyond Hong Kong, Macau or Taiwan.
The two accords form a legal framework for aviation safety, environmental certification, flight operations, air traffic control services, personnel training and other matters.
ChinaTravelNews is a wholly owned subsidiary of
©2018 TravelDaily Inc.