Total Revenue increased by €281.2 million in 2017, driven by an increase in advertising spend and higher brand awareness in most markets.
From searching through reviews to exploring hotel room categories to the actual bookings, the next iteration is a tighter, more integrated experience.
Wyndham will have a strong presence at ITB China 2018, the three-day b2b-show, connecting brand new products and innovative services of tourism with the best industry experts in one place.
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.
Currently there’re over 20,000 properties in 44 cities across China with nearly a million registered users, and the inventory is expected to reach 100,000 after the completion of the current round.
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.
WandTrip has won multi-million yuan financing to tap the global alternative accommodation market worth $114.4 billion in 2017, and its compound annual growth rate topped 20% in the past six years.
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