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DidaTravel outperforms Chinese hotel market recovery

DidaTravel outperforms Chinese hotel market recovery

DidaTravel achieves 40% YTD growth in hotel sales, outpacing China’s market recovery. Exceptional inbound growth at 124% emphasizes China’s allure and Dida’s market capture.

SHENZHEN, CHINA DidaTravel – a tech-driven global travel distribution company – has outperformed the wider Chinese outbound recovery, with a remarkable +40% growth in hotel sales, year-to-date Vs. pre-pandemic, 2019 sales (+292% growth comparing the same period, 2022).

In addition, from the destination perspective, DidaTravel’s inbound hotel sales into China, year-to-date, have experienced a remarkable +124% growth Vs. same period 2019. This highlights both China’s enduring allure as a travel destination as well as Dida’s ability to outpace the wider market dynamics and capture significant new market share.

DidaTravel’s performance is especially impressive considering that in general, the China market, both inbound and outbound, has not yet fully recovered to pre-pandemic levels[2].

The top 10 source markets visiting China in 2023, based on DidaTravel’s booking data, have been, in descending order: Thailand, Indonesia, Spain, India, Turkey, UAE, Brazil, Israel, USA and Switzerland.

DidaTravel’s ability to outstrip the market has been driven principally by capturing market share in China and overseas, by increasing its portfolio of directly contracted hotel products under exclusive terms and conditions and via a concentrated focus on tech driven customer-centric innovation.

Commenting on these groundbreaking achievements, Rikin Wu, founder and CEO at DidaTravel, stated, “Dida’s success story is deeply intertwined with the evolving narrative of the Chinese travel market. We effectively anticipated the Chinese recovery, both inbound and outbound, working hard throughout the pandemic to significantly expand our portfolio of directly contracted hotels, many under exclusive terms, as well as working tirelessly to expand our distribution partnerships globally, and the results speak for themselves. We remain steadfast in our pursuit of excellence and are honored to lead the industry forward.”

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George, in his capacity as an intern, diligently oversees the flow of news, assists in the publication of content, and delves into the strategies of social media distribution. He is currently pursuing his studies in Business Administration at the Athens University of Economics and Business.