Hotelbeds: Leverage PKFARE's technological and channel strengths to connect hotel supply and demand efficiently and seamlesslyPKFARE's cutting-edge technology, extensive channel network, and refined operations have significant contributions to the mutual growth of Hotelbeds and PKFARE in both sales volume and gross margin. Moreover, rate violation risks have effectively decreased. In 2023 H1(the first half of 2023), the collaborative efforts saw a volume increase of over 70%, outpacing the average industry recovery rate.