Group 1 - Douyin Life Services announced a substantial investment of hundreds of millions in subsidies to boost hotel bookings during the summer season, offering discounts starting from 60% and various promotional packages [1] - The platform is collaborating with major hotel groups such as Huazhu Group, Hyatt Group, and Jinjiang Hotels to provide exclusive offers, including new customer discounts and free breakfast [1] - The initiative aims to enhance user experience and meet diverse travel needs during the peak summer travel period, with live streaming events showcasing hotel facilities and services [1] Group 2 - Douyin is focusing on popular commercial areas, high-speed rail stations, airports, hospitals, and scenic spots to cater to the diverse accommodation needs of consumers, introducing special pricing events and last-minute booking options [2] - According to predictions from Jiangyin International, Douyin's local life service sector is expected to reach a scale of 250 billion yuan in 2023, with hotel and travel GMV projected to hit 60 billion yuan, representing nearly a quarter of Meituan's market share [2] - By 2024, Douyin's hotel and travel GMV is anticipated to grow to 90 billion yuan, further narrowing the gap with Meituan to approximately 28% [2]