CEO and Co-founder, Brian Chesky, unveiled Airbnb’s new Chinese brand name, announced the expansion of Trips and Experiences in China and discussed Airbnb’s work to strengthen its global network of more than 3 million listings in more than 190 countries around the world.
Airbnb’s brand name in China is “Aibiying” (爱彼迎）, which means ‘welcome each other with love’ and reflects Airbnb’s mission of belonging and bringing people together from communities and neighbourhoods all around the world to reimagine how we travel. The new brand is being rolled out across the product today and will be supported by a major marketing campaign in the coming months.
Airbnb is also bringing its latest innovation, Trips, to China with the launch of Airbnb Experiences in Shanghai. Trips is Airbnb’s strategy to move beyond accommodation to offer unique and magical experiences across all areas of the trip. Trips brings together where you stay, what you do and the people you meet all into one beautifully designed product, and all powered by local people.
To date, there have been more than 5.3 million guest arrivals by Chinese travelers at Airbnb listings all over the world. Outbound travel from China grew 142% in 2016 alone. While Airbnb has not taken steps to encourage people in China to share their space, organic growth has been powerful — domestically, Airbnb has approximately 80,000 listings and has seen nearly 1.6 million guest arrivals at listings within China.
Airbnb’s popularity in China is particularly being enhanced by millennials attaching more importance to travel and looking for a different kind of travel experience to other generations. In research conducted by Gfk last year, 93 percent of Chinese millennial respondents said that travel was an important part of their self identity and 94 percent want unique travel experiences. More than 80 percent of Airbnb’s users in China are aged under 35, more than in any other country.