Articles tagged “tujia”

After Airbnb decided to exit the local Chinese market, local players are rushing in: Tujia, Meituan, Muniao, Fliggy and Xiaozhu are large local Chinese online travel and short-term rental players that…

The short-term rental ecosystem is getting bigger, which means many winners are set to emerge from the pack. Expect further brand-driven professionalization, more outside investment, and vendor consolidation. Those getting on board will benefit, but is a backlash in the cards?

Airbnb projects at least 40 percent of its business will be from emerging markets by 2030, with Asian markets such as China and India driving the growth. The homesharing giant is building the foundations and investing big-time in its Asian future.

Online travel's two most influential female executives, Ctrip's Jane Jie Sun and Booking.com's Gillian Tans, will now deliberate around the table together at Ctrip board meetings. Ctrip felt the need to announce that the two companies are strengthening their ties after Booking's 2017 investment in Ctrip rival and IPO-bound Meituan-Dianping.

The reigning "Airbnb of China" is going all out to increase its competitive edge in the country as its leading homesharing platform.

But the bigger question remains: Can it successfully compete with the reigning "Airbnb of China," Tujia?

Signs of HomeAway becoming more aggressive about Asia expansion are evident but there is much to do. Putting in place a new leadership team is just the beginning.

If we were Airbnb, we'd be paying very close attention to this latest news.

Given what happened with Didi Chunxing and Uber, can other businesses like Airbnb compete in China? What can vacation rental and homesharing companies learn from homegrown Chinese startups like Tujia?

Everything in China requires big money to scale, to the big scale that the country demands. Tujia is clearly on that path, and HomeAway was smart to partner and then invest.