Qunar CEO: Leisure Travel Has Been Immune From China's Economic Meltdown
Skift Take
Sometimes Qunar wants us to believe it can sail through a hurricane unscathed in a sailboat. We'll have to see how the Chinese economic crisis ultimately impacts the Chinese travel market -- and the world.
While stock markets around the world are roiling because of the woes of the Chinese economy and citizens have seen their stock market investments vaporize, the CEO of Beijing-based booking site Qunar says leisure travel demand has been "immune" from the turmoil.
"Based on empirical evidence, however, leisure travel, our primary focus area, has been quite immune," CEO "CC" Zhuang told analysts during the Qunar's second quarter earnings call August 25. "July stats indicated that our growth momentum continued to be very strong across business lines. We are also well positioned for any potential macro headwinds."
Travel companies and destinations around the world -- not just in China -- will
