Chinese on-demand service provider Meituan inked a strategic cooperation agreement with Bangkok-headquartered hotel chain operator Compass Hospitality to provide accommodation for Chinese tourists, said Meituan in a press release on Tuesday.
Compass Hospitality operates four hotel brands, including Compass and Citrus, in nearly 20 cities in Southeast Asia and various locations throughout the United Kingdom. Under the deal, its flagship online store will be accessible through both the Meituan app and Dianping app, making it easier for Chinese consumers to browse and inquire about the price, location, and room reservation status of any of its hotels.
Meituan and Compass Hospitality will also collaborate on brand development, comprehensive hotel income management, and data analysis.
Meituan launched its overseas hotel booking business in 2017.
The company booked RMB 46.4 billion (USD 6.7 billion) in its “in-store, hotel and travel” business vertical in the first three months of this year, up 15.1% year-on-year, accounting for about one third of its revenue in that period, which reached RMB 138.4 billion.
The company said its bookings for domestic room nights increased by 29.8% to 78.6 million in the first quarter from 60.6 million in the same period in 2018.