Occupancy rate was 78.1%, a decrease of 1.1% year-over-year. And RevPAR increased 2.5% to RMB127 in the first quarter of 2019.
The online travel company is optimistic about driving both revenue growth and margin expansion by leveraging large market scale.
Net revenues were $68.1 million in the first quarter of 2019, a year-over-year decrease of 4.9%; revenues from packaged tours dropped 9.1% to $54.5 million and gross profit decreased 4.5% to $37.4 million.
Mafengwo will use the capital to build a new one-stop travel service platform driven by AI and data algorithms catering to young Chinese travelers.
GTV of the in-store, hotel & travel businesses grew by 15.1% to RMB46.4 billion in the three months ended March 31, 2019.
OYO Hotels is also exploring ways to collaborate with OTAs such as Fliggy, Ctrip and others, along with other consumer traffic-building platforms.
Overseas travel agencies have rolled out road shows in China recently in an attempt to grab a slice of the pie.
Hotel turnover increased 17% to RMB7.2 billion. Net revenues from manachised and franchised hotel were RMB1.7 billion (US$257 million), representing a 15.2% year-over-year increase.
UNWTO forecasts growth of 3% to 4% in international tourist arrivals in 2019.
Qantas has partnered with Airbnb since 2016 and allows its frequent flyers to earn points on Airbnb bookings, as well as hosting.
Resort fees are estimated to have brought in up to $2.93 billion in 2018 alone. The average fee climbed 11% last year to $21 per night.
Beyond pre- and post-cruise stays, there are other opportunities for hotels to bring cruise passengers in.
American Airlines is confident in China market, as it has seen a growing number of local Chinese fly the airline, including business and leisure travelers.
In some ways, hospitality and experiences have changed very little. What has changed are the digital platforms that give guests round-the-clock access to both participation and connection.
The execution of our strategies has allowed us to improve on our market share and drive strong growth rates across gross bookings, adjusted revenue and standalone hotels online room nights.
The greatest value in today's rewards programs should lie in hotel companies' ability to collect, store and utilize data more effectively to help brands offer guests more personalized experiences.
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