In 2017, China earned $850 billion from tourism, up 15.1%. The tourism industry contributed ￥9.13 trillion to GDP, accounting for 11.04% of economic output, according to China Tourism Academy.
Those interviewed said they like these inns because they can experience local customs and cultures, and the services provided are often personalized, the survey found.
Airbnb's founders and early employees have little financial incentive to push for an IPO; Sequoia Capital, as the largest outside shareholder with a 13% stake didn’t support its IPO either.
About 42% of the tourists chose to travel with tour groups, while the rest preferred a personalized travel plan.
The guarantees by multiple banks are seen not only attracting regional Japanese financial institutions and other smaller players, but also helping to cap the interest rate of the float.
Traffic, devices, locations and rates are the four major factors that inpact hotel website conversion rates, but looking only at conversion rate solely can miss the bigger picture.
Ctrip achieved record gross merchandise value (GMV) in 2017, with over 150 million monthly active users. It is now aiming to push GMV to one trillion yuan within three years.
While maintaining the gourmet expert reviews, Chinese tech platforms also integrate big data analysis into their compilations.
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