Interesting times and amazing numbers. Chinese investments in the hospitality industry outside China.

Often what we hear of in terms of Chinese overseas investments in the hospitality sector is about mega investments of companies like Wanda. As much as it is true that Wanda has and continues to invest in the hospitality industry in Europe, the United States, Australia etc., other Chinese conglomerates are quietly but steadily making major deals which often do not necessarily get that much attention. Prime properties like the Waldorf Astoria New York have been acquired by Chinese investors and numerous Australian hotels have already been taken over by Chinese enterprises. The two Park Hyatt’s of Sydney and Melbourne and the Sydney Sheraton were bought by Chinese investors for over 1 billion U.S dollars.

Fosun International acquired Club Med of France two years ago. 

Chinese hospitality giant, Jin Jiang group is consistently progressing in their quest to acquire major hotels and brands. Not too long ago Jing Jiang took control of the French Louvre hotels group including rights for the Golden Tulip brand. 

Meanwhile, the French hotel group Accor spent $ 2,9 billion to take control of the luxury Fairmont hotels, only for Accor’s biggest shares to be acquired by the Jin Jiang group.( https://www.chinatravelnews.com/article/99603)