Though an emerging player in the market, Hyperfit has maintained an in-store conversion rate of 80% and a repurchase rate of over 80% through word of mouth. The numbers are still growing.
Huazhu acquired 71.2% shares of Blossom Hill for RMB 462.9 million; OYO signed 400 hotels and 25,000 rooms in China last month alone; travel service firm KLOOK raised $200 million.
Euromonitor data shows Airbnb held only 8.7% of the China market in 2017, compared to 41% for Tujia and 23% for Xiaozhu.
The number of users booking travels to Australia and New Zealand on Fliggy increased by more than 50% in the last year.
The fundraising amount and the company's valuation could change depending on market appetite.
The tally of Chinese travelers visiting Turkey is set to top 400,000 this year, according to statistics.
By 2035, planes with in-flight Wi-Fi will be in operation all over the world, creating a new market worth $130 billion and bringing additional revenue of $30 billion to airlines.
By the end of 2017, China registered 457,834 accommodation facilities and 16,770,394 guest rooms. About 69% of them were hotels and 31% were alternative accommodations.
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