Quhuo(US:QH) Prnewswire·2024-03-04 10:00Core Insights - Quhuo Limited is expanding its presence in the homestay industry through its Chengtu division by launching a new rural homestay collaboration project named "Chengtu Rural Residence" [1][2] - The initiative aims to address rural-urban migration and the issue of vacant rural homes, promoting integrated urban-rural development and revitalizing rural communities [2][3] Company Developments - Chengtu has partnered with three villages in Tianjin's Wuqing District to renovate 20 to 30 rural homes into homestays, offering co-builders a 20-year operational lease for stable rental income [3] - The Beidaihe Village project in Qinhuangdao will transform 14 rural homes into publicly operated homestays, located in a cultural industry park that integrates culture, agriculture, and tourism [3][4] Operational Strategy - The selection process for rural homestays focuses on locations that reflect local customs and have clear property rights, sturdy foundations, and accompanying farmland [4] - Chengtu sets high standards for its homestays, ensuring quality comparable to star-rated hotels and providing comprehensive training to staff [4] Market Outlook - The rural tourism market is expected to grow due to increasing demand for high-quality pastoral lifestyles, with Quhuo planning to leverage its operational expertise and technology to foster development in this sector [4]