Quhuo’s Homestay Business Branch Embarks on New Collaborative Ventures, Establishing ‘Chengtu Rural Residence’ Brand to Deepen Presence in Homestay Industry



BEIJING, March 4, 2024 /PRNewswire/ — Quhuo Limited (NASDAQ: QH) (“Quhuo” or the “Company”), a leading gig economy platform focusing on local life services in China, has recently made significant strides in the homestay industry with its Chengtu Home (“Chengtu”) division. Chengtu announced the launch of a new rural homestay collaboration project, expanding its presence in the sector. This initiative involves the establishment of an independent brand dedicated to rural homestays, aptly named “Chengtu Rural Residence.” The project will begin in Wuqing District of Tianjin City and Beidaihe Village in Qinhuangdao, encompassing nearly 40 homes.

“Chengtu Rural Residence” is Quhuo’s response to the growing issue of rural-urban migration and the increasing number of vacant rural homes due to rapid urbanization. Through this venture, Chengtu plans to utilize its extensive operational expertise to revamp and market these unoccupied homes for both long-term and short-term rentals, ultimately boosting the income of local villagers. This effort aligns with the broader goal of fostering integrated urban-rural development and revitalizing rural communities. With the introduction of this brand, Chengtu is now present in four major domestic tourist cities, managing nearly 120 rural homestay properties.

In Tianjin’s Wuqing District, Chengtu has formed partnerships with three villages in Hexi Township. The company is seeking co-builders to renovate 20 to 30 rural homes into charming homestays, offering these co-builders a 20-year operational lease. This model guarantees a stable rental income for the villagers and presents a long-term investment opportunity for the co-builders.

The Beidaihe Village project in Qinhuangdao marks Chengtu’s inaugural venture into house design. The plan is to transform 14 rural homes into publicly operated homestays. Located near the sea, these properties are part of a cultural industry park that blends culture, agriculture, and tourism, making them highly valuable for both cultural and tourist purposes. The design phase in this cooperation was completed at the end of January this year …

Full story available on Benzinga.com


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