BEIJING, Oct. 26,
2023 /PRNewswire/ -- The National Day holiday in
China stands as one of the peaks
in the country's tourism market. Quhuo Limited (NASDAQ:
QH) ( "Quhuo" or the "Company"), a leading gig economy platform
focusing on local life services in China, achieved remarkable
results in its homestay sector during this holiday. Its homestay
sector operated by Chengtu Home ("Chengtu") has achieved an
impressive surge in homestay bookings, effectively prolonging the
growth trajectory observed during the preceding Labor Day
holiday.
Chengtu, as a leading bed and breakfast ("B&B") brand in the
country, achieved sales of an impressive RMB13 million, marking a remarkable growth of
333% compared to the previous year's National Day holiday.
Throughout this holiday period, Chengtu maintained full occupancy
in over forty cities across the nation, firmly capturing a 50%
share of the urban market in China.
To meet the peak of outbound travel, Chengtu commenced its
homestay operations for the holiday a month in advance. Leveraging
city view data provided by collaborating platforms, Chengtu
judiciously adjusted homestay prices in cities with higher user
search volumes and preemptively planned homestay booking quantities
to ensure an ample supply of available rooms in popular cities.
During this holiday period, popular tourist cities like
Shenyang and Harbin reached full occupancy.
Chengtu actively participated the homestay free trial stay
campaign, infusing a fresh vitality into tourism during this
holiday. In collaboration with Meituan's complimentary hotel stay
initiative, Chengtu conducted meticulous market analysis to
identify dates with potentially lower occupancy rates and
transformed them into trial stay days to attract a larger number of
consumers seeking the experience. This initiative not only
attracted new potential users but also provided holiday benefits to
Chengtu's loyal customers. The primary objective of this campaign
was to enhance the exposure of homestay, thereby assisting in
increasing the volume of homestay bookings in the future. As
one of the participating cities in this campaign, Nanning reported
a high registration rate, effectively boosting the natural user
traffic for homestay bookings in the city.
In an effort to enhance the consumer experience, Chengtu has
implemented a series of logistical support measures, including
augmenting cleaning capacity and reinforcing cleaning training. In
the two weeks leading up to the holiday, Chengtu executed a
concentrated inspection campaign, encompassing an evaluation of
water and electricity facilities as well as the status of daily
consumables. This campaign entailed a thorough cleaning of the
properties to ensure they are in optimal condition for guest
receptions. Furthermore, Chengtu stipulates that hosts should
liaise with their booked guests at least one day in advance,
allowing for check-in and check-out times to be adjusted
accordingly based on consumer preferences and daily booking
circumstances, ensuring that guest needs are met.
Chengtu is devoted to elevating housekeeping standards to ensure
cunsumer relish a superlative check-in experience. To achieve this
objective, Chengtu categorizes its cleaning tasks into three
distinct types, tailored to accommodate various property
conditions, all with the aim of creating a comfortable living
environment for consumers. First and foremost, light cleaning is
suitable for properties vacant for 1-2 weeks. Cleaning personnel
meticulously cleanse furniture and flooring to eliminate
accumulated dust and grime. Subsequently, standard cleaning
typically occurs after guests have checked out. This type of
cleaning encompasses comprehensive housekeeping tasks to ensure the
property remains orderly and tidy. Finally, deep cleaning is
reserved for tackling stubborn stains, a task demanding more time
and higher labor input. Through this systematic cleaning process,
Chengtu aspires to deliver a top-tier check-in experience, catering
to the high-quality accommodation needs of its clientele.
Tong Ji, the General Manager of Chengtu, said, "The success
achieved during this National Day holiday is the result of the
collective efforts of all Chengtu staff and underscores our
commitment to delivering a high-quality accommodation experience.
Chengtu is dedicated to continuously raising service standards and
improving the check-in experience for consumers. We will explore
further opportunities in the future, expanding our city service
capacity to offer consumers more splendid lodging choices."
Leslie Yu, Chairman and Chief
Executive Officer of Quhuo, emphasized the achievements of Chengtu
during this National Day holiday, "This year's sales performance
during the National Day holiday once again showcases Chengtu's
strength. Simultaneously, it reflects the growth potential of the
entire vacation rental market. China's tourism industry is rapidly on the
rise, and Chengtu, as an innovative enterprise, will continue to
collaborate with partners to provide consumers with more
outstanding accommodation options, driving the development of the
homestay industry."
About Quhuo Limited
Quhuo Limited (NASDAQ: QH) ("Quhuo" or the "Company") is a
leading gig economy platform focusing on local life services in
China. Leveraging Quhuo+, its
proprietary technology infrastructure, Quhuo is dedicated to
empowering and linking workers and local life service providers and
providing end-to-end operation solutions for the life service
market. The Company currently provides multiple industry-tailored
operational solutions, primarily including on-demand delivery
solutions, mobility service solutions, housekeeping and
accommodation solutions, and other services, meeting the living
needs of hundreds of millions of families in the communities.
With the vision of promoting employment, stabilizing income and
empowering entrepreneurship, Quhuo explores multiple scenarios to
promote employment of workers, provides, among others, safety and
security and vocational training to protect workers, and helps
workers plan their career development paths to realize their
self-worth.
Safe Harbor Statements
This press release contains ''forward-looking statements''
within the meaning of Section 27A of the Securities Act of 1933, as
amended, Section 21E of the Securities Exchange Act of 1934, as
amended, and the Private Securities Litigation Reform Act of 1995.
All statements other than statements of historical or current fact
included in this press release are forward-looking statements,
including but not limited to statements regarding Quhuo's business
development, financial outlook, beliefs and expectations.
Forward-looking statements include statements containing words such
as "expect," "anticipate," "believe," "project," "will" and similar
expressions intended to identify forward-looking statements. These
forward-looking statements are based on Quhuo's current
expectations and involve risks and uncertainties. Quhuo's actual
results and the timing of events could differ materially from those
anticipated in such forward-looking statements as a result of these
risks and uncertainties, which include, without limitation, risks
and uncertainties related to Quhuo's abilities to (1) manage its
growth and expand its operations, (2) address any or all of the
risks and challenges in the future in light of its limited
operating history and evolving business portfolios, (3) remain in
its competitive position in the on-demand food delivery market or
further diversify its solution offerings and customer portfolio,
(4) maintain relationships with major customers and to find
replacement customers on commercially desirable terms or in a
timely manner or at all, (5) maintain relationships with existing
industry customers or attract new customers, (6) attract, retain
and manage workers on its platform, and (7) maintain its market
shares in relation to competitors in existing markets and its
success in expansion into new markets, as well as the length and
severity of the recent COVID-19 outbreak and its impact on Quhuo's
business and industry. Other risks and uncertainties are included
under the caption "Risk Factors" and elsewhere in the Company's
filings with the Securities and Exchange Commission, including,
without limitation, the final prospectus related to the IPO filed
with the SEC on July 10, 2020 and the Company's latest
annual report on Form 20-F. You are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this press release. All forward-looking statements
are qualified in their entirety by this cautionary statement, and
Quhuo undertakes no obligation to revise or update any
forward-looking statements to reflect events or circumstances after
the date hereof.
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SOURCE Quhuo