Effective September, Chinese entrepreneur and founder of CityHunter Tao Peng will become president of Airbnb China.
In the past six and a half years, Tao built companies like Breadtrip and CityHunter, travel social apps which have amassed tens of millions of users.
More recently in 2016, he co-founded and helped grow CityHome, a company that offers short-term rentals in homes and apartments across China.
The appointment comes against a backdrop of rapid growth of Airbnb in China.
There have been over 10 million guest arrivals by Chinese travellers in Airbnb listings around the world since Airbnb was founded in 2008. Over half of those occurred in the past year.
The number of Airbnb listings in China has grown more than 125 per cent in the past year.
