Quhuo's Homestay Sector Hits New Highs During National Day with Multiple Initiatives to Enhance Guest Experience
Quhuo Limited - American Depository Shares (QH)
Company Research
Source: PR Newswire
BEIJING, Oct. 30, 2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH), a leading gig economy platform focusing on local life services in China, reported strong performance from its homestay division, Chengtu Home ("Chengtu"), during the National Day holiday. According to data released by Quhuo, GMV for the 7-day period was up 92% year-over-year, with average daily GMV up 123%. Peak occupancy reached 90% of available rooms.According to estimates from the Ministry of Culture and Tourism of China, approximately 765 million domestic trips were made during the National Day holiday in 2024, a 5.9% increase year-over-year. In response to this travel surge, Chengtu initiated an early business upgrade in September, focusing on enhancing guest experiences and leveraging innovative strategies to stand out from the competition.On September 1, 2024, Chengtu launched its own booking platform, offering 2,000 high-quality listings across 51 cities in China. Chengtu also offered six functional room types—
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News
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- Quhuo Regains Compliance with Nasdaq Continued Listing Requirements [Yahoo! Finance]Yahoo! Finance
- Quhuo Regains Compliance with Nasdaq Continued Listing RequirementsPR Newswire
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Sec Filings
- 10/17/24 - Form 6-K
- 10/16/24 - Form 6-K
- 10/15/24 - Form SC
- QH's page on the SEC website