Insiders Disclosed That Abiying Will Close Its Business In Chinese Mainland This Summer

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On May 24, Beijing time, two people familiar with the matter disclosed that abiying would close its business in Chinese Mainland. It is reported that abiying will announce the news to Chinese employees on Tuesday morning, Beijing time. All houses in Chinese Mainland will be taken off the shelves in the summer Abiying officially entered the market in Chinese Mainland in 2016, facing fierce competition from its mainland counterparts.

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The source said that the operating cost of the home stay industry is quite high, and the epidemic has had an adverse impact on the home stay industry.

Sources revealed that for aibiying, overseas travel of Chinese tourists is a greater opportunity, and the company will be committed to providing services for Chinese tourists traveling abroad.

A source revealed that there is little overlap between aibiying outbound tourism and domestic business. It is reported that aibiying will retain an office with hundreds of employees in Beijing. Aibiying did not comment.

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