Coupon Code: 13437 Language:ENGLISH |简体中文

Tourism News Share wonderful travel information

booking

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

2019/8/12 9:57:46
Between aggregators like China’s Jin Jiang International to industry unicorn Oyo Hotels & Homes, the complexion of HOTELS annual 325 is evolving at a pace not seen before.

Marriott International holds onto the top spot after what now feels like an ancient deal to acquire Starwood Hotels & Resorts. But this year Hilton dipped to No. 3 behind Chinese state-owned Jin Jiang, which leaped up the ranking after its November 2018 acquisition of Radisson Hotel Group and its almost 200,000 rooms from China’s HNA Group.
In the past four years, Jin Jiang has become a keen acquirer and was not told to sell off assets, as had been the case for some of its more leveraged Chinese contemporaries like HNA Group, Anbang and Wanda Hotels & Resorts. Instead, Jin Jiang has been on an impressive run: It acquired the 100,000-plus-room Louvre Hotels Group from France, as well as India’s Sarovar Hotels & Resorts.
Author:

Prev: Shiji’s hotel tech acquisition spree: a closer look

Next: CVC to buy Korea’s No.2 hotel booking app in $285 mn deal

Back

Wassim Hotel Lujiazui Shanghai traffic info

Business zone:New International Expo Center
Area:pudongxinqu
Address:Shanghai · Shanghai · pudongxinqu - 578 Nanyangjing Road (Nanyangjing Lu) Shanghai China | 150m from Metro Station:Fangdian Road