Airbnb's China Business Quadruples

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By Isabelle Li / Dec 14, 2018 06:32 PM / Business & Tech

Photo: VCG

House-sharing platform Airbnb’s business in China is projected to increase by 400% year-on-year in the second half of 2018, according to the company’s China CEO, Peng Tao.

Bookings grew fastest in Shenzhen – four times higher this year than last year – while all other cities on Airbnb China’s Top 10 growth list are non-first-tier cities such as Xiamen, Changsha and Guiyang.

Domestic bookings have now surpassed international ones, Peng said, while Southeast Asia the most popular destination for Chinese going abroad.

Post-90s youngsters make up most of the users on the platform, including both guests and hosts, an Airbnb release said. And roughly 30% of bookings are by groups and families renting out full apartments.

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