Tujia sees rich pickings from overseas tours

Tujia.com, a Chinese online platform for booking shared accommodation, will beef up its presence in overseas markets, such as Japan and Southeast Asia, which are especially favored by Chinese travelers, as it strives to boost its revenue in 2019 by 100 percent year-on-year.

"We will continue to increase investments in overseas markets, such as establishing branches or subsidiaries in popular tourist destinations and cooperating with local home-sharing service providers," said Yang Changle, CEO of Tujia.

"Our revenue has increased 15 times in the past two years, and the trading volume accounted for more than half of the industry's total turnover, which shows consumers' recognition of the short-term rental sector is on the rise," Yang said.