Tourism News Share wonderful travel information

booking

Shiji’s hotel tech acquisition spree: a closer look

2019/8/12 9:56:23
Shiji has been on an acquisition tear. A look at its financial filings shines a light on how the Beijing-based hospitality technology company has been spending its money abroad. But the strategy remains convoluted to some observers. Shiji has collected and built a set services for hotels and restaurants with a sprawling and seemingly unfocused ambition.

Shiji has only a small foreign business. In 2018, it generated only $36 million in operating income outside of mainland China. That was merely 8 percent of its total operating income of $412.9 million (2.84 billion yuan).

But Shiji has been investing abroad. Since January 2016, it has spent at least $141 million on acquisitions and equity investments in travel tech companies outside of China, according to Skift’s review of its financial filings.
Author:

Prev: Hotel Indigo Opens its Doors in Italy’s Fashion Capital

Next: HOTELS 325: Jin Jiang becomes global No. 2 hotel group, OYO ranks 8th

Back

Relais & Chateaux·The Dreamland Resort traffic info

Business zone:Wailu Island
Area:xiangzhouqu
Address:Guangdong · Zhuhai · xiangzhouqu - Dawanshan Island, Wanshan Town, Wanshan District, Zhuhai, China

Relais & Chateaux·The Dreamland Resort reserve:020-86009099 (CouponCode:13940) Busy or no answer, online booking please!
Catering Entertainment:0756-8855666   Meeting room reserve

Relais & Chateaux·The Dreamland Resort address: Dawanshan Island, Wanshan Town, Wanshan District, Zhuhai, China

珠海万山静云山庄Relais & Chateaux·The Dreamland Resort Sitemap

Disclaimer: We are partners of Ctrip (including Tongcheng Elong, Qunar,Zhuna, etc.), booking, Agoda and Expedia. We only provide Relais & Chateaux·The Dreamland Resort online booking service for you. Your reservation will be forwarded to the hotel by Ctrip, Tongcheng Elong and other partners. If there are problems such as liquidated damages, Tongcheng ELong or Ctrip will deduct the money and transfer it to the hotel, We are not the official website of Relais & Chateaux·The Dreamland Resort , please know.