The Chinese subsidiary of the US-based lodging and short-term vacation rental provider Airbnb said on Tuesday it will suspend domestic operations on the Chinese mainland starting July 30.
The recent move is part of a concerted effort to shift focus to the outbound travel business.
Airbnb launched its Chinese mainland business in 2016 but has withdrawn because the domestic segment is costly and complex to operate, coupled with the impact of the COVID-19 pandemic on its operations.
Stays on the Chinese mainland have accounted for approximately 1 percent of revenue in recent years, it added.
Airbnb said it expects outbound tourism from the Chinese mainland to rebound as borders reopen and COVID-19 subsides.
Outbound travel has been a significant source of travel into other Asia-Pacific regions, and the company will focus on providing listings for Chinese mainland travelers going abroad, it said.
Tujia, a Chinese short-term lodging rental platform, said it will launch a fast review channel to help Airbnb hosts on the Chinese mainland upload rental information on Tujia as soon as possible.