This year, Locals will add two additional businesses, namely homeware retail and urban travel, to further tap into consumption deriving from B&B customers.
Some 10,065 star-rated hotels in China reported totaled operating incomes of 53.808 billion yuan in the third quarter of 2017, of which 26.242 billion yuan, or 48.77%, was room revenues.
Diversity is one of the five core values WIT is celebrating with its theme of “Better Hospitality”. The other four values are Love, Openness, Respect and Creativity.
Qvilla intends to serve as a link connecting service, development and operation, rather than merely a platform, according to Qvilla CEO.
Extending to ground transportation connected to airports, hotels or destinations is a decisive move for Ctrip’s globalization, according to Ctrip’s senior executive.
Caocao Car, China’s first new energy-focused mobility service provider, has raised one billion yuan. At present, the company is operating in more than 17 cities in China.
Ctrip has extended its destination services to more than 700 cities and nearly 80 countries worldwide - expect more consolidation under way.
Some 76% of the searches on Ctrip for hotels were related to star rating, most frequently about “five star/luxury hotel” or “four star/high-end hotel”, while only 11.61% of these searches were price-related.