According to Meituan’s Q2 2020 financial results, its number of domestic hotel room nights stayed was 78 million, almost triple Booking’s results and four times that of Expedia, making Meituan the world’s largest online hotel booking platform in the second quarter.
Meituan also revealed that in the second quarter, the local hotel booking business resumed the fastest after the COVID-19 pandemic, achieving a year-on-year growth of 25%. The company expects a positive year-on-year growth in the third quarter.
Meituan said it has launched several campaigns this year that focus on high-star hotels and offer various high-end services. As the COVID-19 pandemic isn’t going away anytime soon, domestic travel is still the mainstream market in the short term.