airbnb adopts new name doubles investment to woo china
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Airbnb adopts new name, doubles investment to woo China

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleAirbnb adopts new name, doubles investment to woo China

Chief Executive Officer Brian Chesky
Shanghai - Arab Today

Airbnb is showing China some love.

The US home-sharing giant is adopting the name "Aibiying” in China, one that translates as "welcome each other with love,” as it doubles investment in the country and triples its local workforce to serve the world’s largest population of travellers. 

The start-up intends to ramp up its Chinese business after more than doubling listings in the country to about 80,000 in 2016, Chief Executive Officer Brian Chesky said. This year, it plans to offer customers in Shanghai its fledgling Airbnb Trips service — a menu of options that can include concert tickets and restaurant reservations.

It’ll begin to market "Experiences,” a feature that from Wednesday will let visitors to the eastern Chinese city book local-led excursions — including going behind the scenes of a traditional folk opera and learning about dough figurines.

"There’s a whole new generation of Chinese travellers who want to see the world in a different way,” Chesky told a news briefing in Shanghai. "We hope that Aibiying and our Trips product inspires them to want to travel in a way that opens doors to new people, communities and neighbourhoods across the world.”

Airbnb, last valued at more than $30 billion, is accelerating its drive into Asia after recently turning profitable for the first time, according to people close to the company. Since its start in 2008, the company has raised more than $3 billion to pursue its goal of becoming a full-service travel company and expand its business around the world.

While Airbnb’s established in Asian markets such as Japan, it’s made slower gains in China. The country is dominated by local rivals almost two years after Chesky told Bloomberg News he was "getting really serious” about getting in. Still, it’s a market of 300 million millennials starting to explore solo travel that co-founder Joe Gebbia has described as "on fire.” On Wednesday, Chesky said Airbnb’s total Chinese guests jumped 146 percent in 2016.

"They don’t want tour buses. They don’t want tour packages. They don’t want tourist areas. Instead they want local experiences,” Gebbia said in an interview last week. "It couldn’t be more exciting to think about this wave of Chinese millennials that are starting to earn incomes now.”

Airbnb has taken its time building relationships with Chinese movers and shakers — it still hasn’t named a local CEO. A 2014 partnership with Alibaba Group Holding made it easy for Chinese users to pay for Airbnb rentals with Alipay, the local equivalent of PayPal. A tie-up with Tencent Holdings got Airbnb built into WeChat, by far China’s dominant messaging app. Last year, Airbnb teamed up with the governments of four major cities, including Shanghai and tech hub Shenzhen, for tourism promotions.

Hooking up with the government could help the startup head off the sorts of clashes that have taken place with local officials from New York and Barcelona to its own home-town of San Francisco.

But any move within China pits Airbnb against local leader Tujia, which lists more than 450,000 homes and is constantly adding more. Its backers include Ctrip.com International — the world’s second largest online travel agency — and HomeAway. Tujia’s edge stems in part from its understanding of the needs of Chinese travelers: it provides services from property management and inspections of listings to cleanups after guests leave.

Airbnb however has the advantage of being able to offer more extensive global accommodation to a growing wave of international vacationers. The company estimates outbound travel from China grew 142 per cent last year, and that it’s served more than 5.3 million of the country’s globe-trotters. China remains crucial to fulfilling Airbnb’s goal of connecting people around the world, Chesky added.

Source : Times Of Oman

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

airbnb adopts new name doubles investment to woo china airbnb adopts new name doubles investment to woo china

 



Themuslimchronicle, themuslimchronicle

GMT 06:29 2018 Sunday ,21 January

500 new trainees join US-backed Syria border force

GMT 10:31 2017 Sunday ,20 August

the history of solar eclipses

GMT 16:36 2017 Tuesday ,05 December

Gulf Air launches Bahrain Tourist Visa Service

GMT 03:19 2012 Saturday ,15 September

FREEDOM

GMT 06:56 2014 Friday ,12 September

No winners in Gaza

GMT 22:30 2012 Monday ,16 July

Sudan ruling party says protests \'ridiculous\'

GMT 07:09 2012 Wednesday ,20 June

Sudan and South Sudan border tensions

GMT 12:02 2012 Tuesday ,17 April

What the Living Do

GMT 17:33 2017 Saturday ,25 March

Caceres recalled to Paraguay squad for Brazil clash

GMT 17:18 2017 Tuesday ,19 December

Bahrain weather forecast

GMT 09:35 2017 Sunday ,29 October

Actress Annabella Sciorra accuses Weinstein of rape

GMT 13:43 2017 Thursday ,16 November

People Magazine names Blake Shelton 'sexiest man alive'

GMT 18:10 2017 Monday ,17 April

GCC Secretary-General Condemns Syria Blast

GMT 13:15 2017 Wednesday ,15 February

Inherited the talent to draw on glass

GMT 14:35 2017 Saturday ,25 March

Dar Essalam to Host Two Golf Competitions

GMT 07:22 2016 Saturday ,09 July

Gunfire near presidential palace in South Sudan

GMT 10:42 2017 Wednesday ,16 August

Chinese teen Internet addict dies

GMT 13:51 2017 Thursday ,21 September

King Salman meets with former Turkish president

GMT 09:31 2017 Wednesday ,29 March

NPRA holds training course

GMT 08:18 2017 Thursday ,14 December

Twitter makes 'tweetstorms' easier

GMT 17:19 2012 Thursday ,12 January

New electric-car racing championships
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle