BEIJING, June 28,
2024 /PRNewswire/ -- Quhuo Limited (NASDAQ: QH) (
"Quhuo" or the "Company"), a leading gig economy platform focusing
on local life services in China,
reported significant performance improvements in its homestay
sector during the 2024 Labor Day holiday. Its homestay sector
operated by Chengtu Home ("Chengtu"), achieved an average occupancy
rate of 79%, 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.
In recent years, as the domestic tourism sector rebounds,
homestays have become an increasingly popular lodging choice.
Statistics from China's Ministry
of Culture and Tourism show that domestic travel hit 295 million
trips during the 2024 Labor Day holiday, up 7.6% year-on-year.
Additionally, according to the Annual Report on Homestay in
China (2023-2024), the first 10
months of 2023 saw a dramatic rise in new homestay businesses, with
76,000 new establishments representing a 149% growth over the prior
year. This surge reflects the growing investor and consumer
interest in the homestay sector.
In response to the booming homestay market, Chengtu is leading
the way with its "professional, digital, and detailed" operational
approach, striving to set the industry standard. To ensure a safe,
clean, and comfortable stay, Chengtu has established and enforces
stringent standards. By implementing smart locks and a self-service
check-in system, the security and convenience of the accommodations
have been enhanced. Each room is thoroughly cleaned and fresh
linens are provided for every arrival, ensuring a pristine
environment. Additionally, all bedding meets luxury hotel
standards, elevating the overall customer experience.
Chengtu has established its own dedicated, professional
housekeeping team to maintain high service standards. All
housekeepers undergo specialized training and must pass thorough
assessments before they begin their roles, adhering to strict
guidelines for promotions and dismissals. Chengtu has standardized
cleaning procedures for each stage of vacancy, occupancy and
post-departure. After cleaning, a video is recorded to document the
room condition, and regular inspections are conducted to ensure
that properties remain clean until the end of the contract.
Chengtu also pays close attention to the finer details to ensure
guests feel right at home. Before guests arrive, Chengtu customizes
the room settings based on their preferences, from themed
decorations to personalized elements. Guests expressed how touched
they were to find welcoming details like a chalkboard with
personalized greetings or even hand-drawn portraits based on their
social media profiles. These thoughtful details exemplify Chengtu's
warm and individualized approach to hospitality.
Chengtu now spans 130 cities across the country, offering
diverse lodging options from apartments to villas. Chengtu provides
rooms for families, long-term renters, and business travelers,
along with private areas ideal for group events. Additionally,
Chengtu actively promotes rural development, launching
collaborative homestay projects in tourist cities such as Wuqing in
Tianjin and Beidaihe in
Qinhuangdao. These projects, known as 'Chengtu Rural Residence,'
involve partnerships with nearly 120 local residences.
Tong Ji, the General Manager of Chengtu, said, "The impressive
results over the Labor Day holiday highlight Chengtu's outstanding
operational performance. By offering a diverse range of lodging
choices and providing professional, detailed service, Chengtu
consistently elevates the customer experience. Looking ahead,
Chengtu remains committed to delivering safe, warm, and comfortable
accommodations meeting consumer demands."
Leslie Yu, Founder, Chairman, and
CEO of Quhuo, stated, "Chengtu's stellar performance confirms
Quhuo's strategy focusing on local life services. With tourism
rebounding and the homestay market expanding rapidly, Chengtu is
committed to refining its services to provide customers with richer
and superior travel experiences. In the future, Chengtu will
continue to innovate and explore new methods to solidify its market
presence and promote the sustainable growth of the homestay
sector."
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 and 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 development
of the COVID-19 pandemic 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.
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SOURCE Quhuo Limited
