BEIJING, May 26, 2023
/PRNewswire/ -- Quhuo Limited (NASDAQ: QH) ( "Quhuo" or the
"Company"), a leading gig economy platform focusing on local life
services in China, witnessed outstanding results in its
homestay sector. During the Labor Day holiday, its homestay sector
operated by Chengtu Home ("Chengtu") recorded an impressive average
daily occupancy rate of 95%, achieving a significant year-on-year
growth of 265%.
As a leading bed and breakfast ("B&B") brand in the
country, Chengtu exceeded RMB12
million in sales revenue during the Labor Day Holiday.
Cities covered by Chengtu, ranging from tier-one to tier-four,
experienced full bookings, and popular tourist destinations in
these cities achieved an impressive 100% occupancy rate.
In April, Chengtu introduced a specialized housing operation
management plan in anticipation of the surge in housing
reservations during the upcoming holiday season. Among other
things, Chengtu provided a timely reminder to both agents and
landlords to adjust housing prices one month prior to the holiday,
ensuring they align with market conditions and reduce risks
associated with industry competition. In doing so, Chengtu aimed to
boost housing revenues while safeguarding consumer rights.
Drawing on its extensive experience in homestay management and
deep understanding of user travel patterns, Chengtu capitalized on
its expertise to effectively adjust homestay prices during the
holiday season, aiming to reduce the number of vacant properties.
Chengtu recognized the potential risk of unsold accommodations on
the day before and the last day of the holiday and
took proactive measures to inform homestay agents about the
need to lower their prices.
By implementing this proactive approach, Chengtu generated a
greater number of pre-sales opportunities, leading to increased
business volume while protecting the interests of homestay
landlords. Through strategic price adjustments, Chengtu ensured
optimal occupancy rates, enabling homestay operators to maximize
their revenue potential during the holiday season.
Chengtu implemented a series of initiatives aimed at enhancing
guest satisfaction, including requiring landlords to complete
check-in procedures for the next day's bookings during the
reception period to ensure a seamless check-in process for guests.
In addition, Chengtu allocated a flexible workforce pool from Quhuo
to coordinate the homestay cleaning team, and conducted special
meetings to emphasize the importance of quality and timely cleaning
services. These measures have effectively improved cleaning
efficiency. For example, in Nanning City, Guangxi Province, Chengtu received over 2,000
bookings during the holiday and achieved an almost 100% positive
feedback rating.
Furthermore, prior to the holiday, Chengtu made a commitment on
various prominent agency platforms, assuring that its homestays
would refrain from unjustified price hikes or violating agreements
during the holiday. This commitment was aimed at protecting
consumers' rights. Meituan has recognized and acknowledged this
commitment, which has contributed to enhancing the credibility and
reputation of Quhuo. This initiative by Chengtu signifies a notable
advancement in user experience and serves as a competitive market
differentiation strategy.
Tong Ji, the General Manager of Chengtu, said that Chengtu has a
highly skilled team proficient in managing all aspects of
hospitality and operations. Chengtu deligently refines and
optimizes each stage, from customer reservations to the
lodging experience and post-departure services. Through precise
market research and data analysis, Chengtu is able to offer
consumers the most suitable accommodation options at competitive
rates, ensuring personalized and highly satisfactory service.
Leslie Yu, Chairman and Chief
Executive Officer of Quhuo, said, "The impressive achievements of
Chengtu's vacation rentals during the holiday serve as a testament
to the value of our strategic planning and operational management
in localized life services. The resurgence of the tourism industry
reaffirms our steadfast belief in vacation rentals as a crucial
strategic segment within Quhuo. Moving forward, Chengtu will
further increase investments in lean operational management,
continually innovating and optimizing its business models to adapt
to the rapidly changing landscape of the tourism sector and the
diverse demands of clientele."
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.
View original
content:https://www.prnewswire.com/news-releases/quhuos-homestay-sector-exceeded-rmb12-million-in-sales-during-the-labor-day-holiday-achieving-impressive-growth-with-expert-strategies-301834475.html
SOURCE Quhuo