In the first year of its operation in 2019, Yisu will provide direct sales channels to soft brand stores and it will charge no commissions as its goal is not to make a short-term profit.
As of December 31, 2018, Huazhu operated 4,230 hotels in China with hotel network covered 403 cities in 32 provinces and municipalities across China.
Booking.com only saw a 10% increase in review volume, generating 28.3 million reviews. In third place is Tripadvisor with 11.3 million.
Backed by Ctrip, China’s largest online travel operator, Tujia controls nearly half of China’s home-sharing market with Alibaba-backed rival Xiaozhu.
The hospitality company has also finished a merger of its Plateno Trip and Jinjiang Trip apps which is intended to enhance user service and experience.
FabHotels and Treebo had to find customers using other aggregators like Yatra, Cleartrip, or Booking.com to compete with a hyper-funded OYO.
OYO had also formed an integrity committee to weed out instances of misconduct and unethical practices, while continuing to double down on corporate governance and ensuring compliance across levels.
RevPAR in the Asia Pacific region contracted 0.6% in the quarter, RevPAR in China alone fell 3%.
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