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.