BABA's Fliggy Sees 160% Growth YoY in Orders During 618 Festival; +50% Rise in Turnover for Nearly 80% Merchants
According to data from $BABA-SW(09988.HK$ 's travel service platform Fliggy, orders in the platform during this year's 618 festival grew 160% YoY, with transacting users doubling YoY. At the same time, booking verification for sold items during the festival also significantly advanced and improved. Fliggy expected that travel demand will continue to recover healthily during the peak travel season in the coming months.
In addition, according to the data, 4 merchants on Fliggy achieved over RMB100 million in turnover during this year's 618 festival, while nearly 80% of the merchants' turnover grew at a YoY rate of more than 50%. The mid- and long-haul travel market recovered and grown comprehensively this year, with the turnover of domestic tour packages increasing more than 6 times YoY, and the number of travel agency merchants with turnover above RMB10 million tripling YoY.
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