Tag: China

Smart Order receives fresh strategic investment

Reading Time: < 1 minuteChina: Dingdandao [ Smart Order ], known in China as DingDanLaiLe, an alternative accommodation PMS solution provider for short-term / vacation rentals, has announced that it has received fresh strategic investment.

Asian vacation rental bookings surge 84 per cent in a year

Reading Time: 3 minutesAsia: Asian vacation rental bookings have shot up by 84 per cent on 2022 pacing levels, according to global travel media startup Trip101, which curates the best recommendations for short-term rentals and a host of other lodging verticals.

Airbnb listings reach record 6.1 million

Reading Time: < 1 minuteWorldwide: Recent data from AirDNA reveals that 54 per cent of global Airbnb listings have been added since 2020, leading to record levels of active listings. In September 2022, global listings on Airbnb reached 6.1 million. Overall in Q3, listings increased 22 per cent compared to 2019 with a shift away from urban centres towards […]

Airbnb to check out of China on 30 July

Reading Time: 3 minutesChina: Airbnb is set to shutter its domestic tourism business and experience listings in China in July as a result of the effects of the country’s lockdowns and restrictions

Rental platforms face renewed crackdown in Beijing

Reading Time: 2 minutesChina: A significant number of short-term rental listings on platforms such as Airbnb in Beijing are reportedly being shut down on the orders of the city’s government. Chinese investigative journalism website Caixin said that nine short-term rental platforms, including the likes of Airbnb, Trip.com, Meituan and Tujia, were summoned to a meeting on 20 August […]

Quhuo upgrades Quchengdan PMS

Reading Time: 2 minutesChina: Beijing-based gig economy platform Quhuo has upgraded its housekeeping solution Quchengdan property management system (PMS), as part of the company’s ongoing efforts to better serve its guesthouse and bed and breakfast clients. In a bid to offer smarter operation and housekeeping services for clients who manage home stays, Quhuo has optimised the features of its […]

Passing Cloud receives $15m in investment

Reading Time: < 1 minuteChina: Shenzhen-based high-end boutique lodging company Passing Cloud has received at least $15 million [100 million renminbi] in strategic investment. The investment round was led by Jiangsu Wenfeng Group. Founded in 2015, Passing Cloud [or Po Xin Yun She in Chinese] creates “high-end boutique lodges” under a number of brands in China’s ancient cities, towns […]

Airbnb denounced by Uighur rights campaigners in China

Reading Time: 2 minutesChina: Airbnb has been urged to withdraw its support for the Beijing 2022 Olympic and Paralympic Games by campaigners in China fighting for the rights of Uighur Muslims in the country. The End the Uighur Genocide Movement has been gaining traction around the world for their public support of Uighur Muslims, who are alleged to […]

Beijing bans vacation rentals close to Forbidden City

Reading Time: < 1 minuteChina: Beijing city authorities have banned ban vacation rental lettings in neighbourhoods near the Forbidden City due to “security concerns”. The city said the new directive, which also places stricter controls on rentals in other parts of the capital, is part of a move to tighten control of short-term apartment rentals across the city and […]

Vacation rental revenues halved, $35b loss in 2020

Reading Time: 2 minutesWorldwide: According to data from StockApps, the revenue of the global vacation rental industry is expected to drop by $35 billion in 2020, which equates to a 42 per cent drop year-on-year. In 2017 the industry generated $78.7 million in revenue, which rose by seven per cent to almost $84 billion in 2019. However in […]