Friday November 10, 2017
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A woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco October 24, 2017. — Reuters picA woman talks on the phone at the Airbnb office headquarters in the SOMA district of San Francisco October 24, 2017. — Reuters picBEIJING, Nov 10 — Airbnb Inc. is opening more offices in China and expects the country to be its leading source of customers by 2020.

Domestic guest arrivals in China have grown 289 per cent over the past year, co-founder Nathan Blecharczyk told Bloomberg Television in Vietnam, where he was attending the Asia-Pacific Economic Cooperation summit.

“Over the last 12 months, we’ve done 55 million guest arrivals across the APEC member economies and a lot of that has been driven by China, “ he said. “It’s our second-fastest growing country in the world for outbound travel, second only to the US”

The optimism on China comes despite the startup losing its first local head just four months into the job. Blecharczyk was appointed chairman of the home-rental company’s Chinese operations in October — the same month its first dedicated China head Hong Ge quit. — Bloomberg

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