The average cancelation rate in 2014 was 32.9% and increased to 39.6% in 2018. It reached a high of 41.3% in 2017.
The business volume of the Group resort and destination operation and tourism and leisure services and solutions increased by 11% from RMB 4,327.8 million to RMB 4,804.9 million.
Qunar said that the most popular overseas destinations for the May Day holiday include Singapore, Seoul, Taipei, Bali, Osaka, Kuala Lumpur, Bangkok, Tokyo and Dubai.
And although younger generations are driving the evolution, the demographic of poshtel bookers is diverse.
Sports travel will also be featured in this year’s ITB China Travel Trends Report.
In the first year of its operation in 2019, Yisu will provide direct sales channels to soft brand stores and it will charge no commissions as its goal is not to make a short-term profit.
Residents from 614 domestic and overseas cities have already made bookings for the holiday, which runs from May 1 to May 4.
Booking.com only saw a 10% increase in review volume, generating 28.3 million reviews. In third place is Tripadvisor with 11.3 million.
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