Company Performance - Quhuo Limited's homestay sector, operated by Chengtu Home, achieved an average occupancy rate of 79% during the 2024 Labor Day holiday, with sales increasing by 45% year-over-year On the busiest day, the occupancy rate peaked at 88%, and sales surged by 31% from the previous year [1] Industry Trends - Domestic travel in China during the 2024 Labor Day holiday reached 295 million trips, up 7 6% year-on-year The homestay sector saw significant growth, with 76,000 new establishments in the first 10 months of 2023, representing a 149% increase over the prior year [2] Operational Excellence - Chengtu Home employs a "professional, digital, and detailed" operational approach, including the use of smart locks and self-service check-in systems to enhance security and convenience The company maintains high cleanliness standards, with thorough cleaning and fresh linens provided for each guest, and bedding that meets luxury hotel standards [3] - Chengtu has a dedicated housekeeping team that undergoes specialized training and adheres to strict cleaning procedures, including video documentation of room conditions and regular inspections to ensure cleanliness [4] Customer Experience - Chengtu customizes room settings based on guest preferences, offering personalized touches such as themed decorations, chalkboard greetings, and hand-drawn portraits based on social media profiles These details contribute to a warm and individualized hospitality experience [5] Market Expansion - Chengtu operates in 130 cities across China, offering diverse lodging options from apartments to villas The company also promotes rural development through collaborative homestay projects in tourist cities, partnering with nearly 120 local residences [6] Strategic Vision - Chengtu's General Manager highlighted the company's commitment to providing diverse lodging choices and professional, detailed service to elevate the customer experience The company aims to continue delivering safe, warm, and comfortable accommodations [6] - Quhuo's CEO emphasized the company's focus on local life services and the homestay market's rapid expansion Chengtu plans to refine its services and explore new methods to solidify its market presence and promote sustainable growth in the homestay sector [6]
Quhuo's Homestay Sector Reports Impressive Performance During Labor Day Holiday with Sales Surge Year-on-Year