Airbnb is launching Aibiying, a new brand to target Chinese Millennials. The company’s research has shown an increase of 142% of travel out of China in 2016, and 80% of their users in the country are under 35. The young travelers are also a “lucrative market” according to one expert: “Chinese Millennials are likely to travel farther afield — and to spend more while traveling—as their disposable incomes and appetite for adventure grow.” Aibiying, which translates to “Welcome each other with love,” will include the brand’s latest “Trips” and “Experiences” features. (Inc.)
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