Although economic growth slows down，But in the past year，The shared accommodation market is still experiencing rapid development。March 4，The Sharing Economy Research Center of the National Information Center released the "China Sharing Economy Development Report (2020)" (hereinafter referred to as the "Report")，which states，The scale of shared accommodation transactions in 2019 was 22.5 billion yuan，An increase of 36 compared with the previous year.4%。Although the market is growing rapidly，However，Affected by economic factors，The scale of financing in the shared accommodation sector has also tightened to a certain extent。And currently，Due to the sudden outbreak of COVID-19，The shared accommodation industry will also face greater impact。

The report also states， The penetration rate of Internet users in the shared accommodation market is also gradually increasing。2016-2019，The penetration rate of shared accommodation users increased from 5% to 9%.7%。In terms of income，The industry is also on the rise。In 2019, shared accommodation revenue accounted for 7% of the national accommodation industry’s room revenue.3%，Increased by 1 over the previous year.6 percentage points。Overall view，The average growth rate of revenue from major shared service formats from 2016 to 2019 is much higher than that of traditional service formats，Among them, the accommodation field reaches 5.8 times。

Although the shared accommodation market continues to expand，However, it is affected by economic slowdown and other factors，The scale of market financing is also tightening。It is reported，The direct financing scale of my country’s shared accommodation market in 2019 was 1.500 million yuan，The growth rate of financing scale decreased by 95.6%。Report thinks，The main reason for this situation is the economic impact，Due to the sharp decline in overall financing in the domestic Internet field，This has also intensified the accelerated concentration of financial resources on leading platforms，Small and medium-sized platforms face greater pressure to survive。

Affected by this，Each platform also pays more attention to improving its operational 188bet Online Sports Betting and Casino capabilities。The report also states，The current operating behaviors and concepts of sharing economy platforms are more rational，All by reducing subsidies、Expand income sources、Improving operating efficiency and other ways，Towards sustainable development。As understood，January 3 this year，Tujia Group revealed，The transaction volume of Tujia B&B maintained a nearly doubled growth in 2019，Loss narrowed by one-third compared with 2018。Previously，Tujia also announced，Achieved single-month profit in August 2019。In addition，Other platforms such as Airbnb、Xiaozhu short-term rental and others are also seeking to improve operational efficiency，Strive to increase unit price。In 2019, Xiaozhu Short-term Rental also participated in the Chengdu Municipal Government’s old house renovation project，Renovate an old community into a B&B with both quality and characteristics，Improved the efficiency of acquiring new listings。

However, the current shared accommodation market has also been affected by the new coronavirus epidemic。As understood，Beijing area only，The suspension of reservations for B&Bs will be postponed until the end of April，simultaneously，Currently, various homestay booking platforms have also launched corresponding order cancellation 188bet sports betting app download and change policies in response to the epidemic。Report expected，The growth rate of the sharing economy in 2020 will decline to a certain extent due to the impact of the epidemic，Estimated to be between 8-10%；The growth rate will pick up significantly in 2021 and 2022，It is expected that the average annual compound growth rate of the sharing economy will remain in the range of 10%-15% in the next three years。

Chief Knowledge Officer of Huamei Hotel Consulting Agency、Senior Economist Zhao Huanyan said，Under the epidemic，Commercially operated B&Bs will be seriously affected，There is even a process of survival of the fittest and mergers and acquisitions，Enterprises must have sufficient cash flow to survive。Industry insiders also pointed out，As the epidemic situation improves in the future，The pace of industry reshuffle and pattern adjustment will also accelerate，And cost reduction, efficiency improvement and revenue reduction will become the primary choices for platform enterprise business strategies in 2020，Whether it can bring better experience and more value to users will be the key to whether an enterprise can win the competition。

188bet online sports betting Author: Guan Zichen, original title:《The shared accommodation market grew by more than 30% in 2019》.