
Jinjiang International
Global hospitality group managing hotels, transport, and tourism.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Growth Equity VC | |
Total Funding | 000k |
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Jin Jiang International Holdings Co., Ltd. is a state-owned tourism and hospitality company owned by the Shanghai Municipal People's Government. Established in 2003, the group's core business activities include hotel management and investment, tourist services, and transport and logistics. The company is headquartered in Shanghai, China, and has grown to become the second-largest hotel group in the world based on room count, managing over 10,000 hotels.
The company operates an extensive portfolio of over 40 hotel brands that cater to various market segments, from luxury and mid-level to budget-friendly inns. Notable brands under its umbrella include J., Yan Garden, Jin Jiang, Kunlun, Radisson Blu, Golden Tulip, and Campanile. Its business model involves both owned and leased hotels as well as franchised and managed (manachised) hotels, which supports an asset-light expansion of its network. The company generates revenue through hotel operations, management fees, and franchising agreements.
Jinjiang International has pursued a significant global expansion strategy through a series of major acquisitions. Key milestones include the acquisition of Europe's Groupe du Louvre in 2015 for 1.21 billion euros, the Plateno Group (including 7 Days Inn) in 2015, and the Radisson Hotel Group in 2018. The company also holds a strategic investment in Accor Hotels & Resorts. These acquisitions have been pivotal in establishing its international presence, particularly in Europe and Asia.
Keywords: hospitality, hotel management, hotel investment, tourism services, transport logistics, global hotel chain, hotel franchising, asset-light model, Radisson Blu, Golden Tulip, Groupe du Louvre, Plateno Group, mid-scale hotels, budget hotels, luxury accommodations, travel conglomerate, state-owned enterprise, Shanghai, hotel acquisitions, international expansion