Shiji to be the second hotel tech sales leader after Oracle
Shiji has been expanding its global push since February — when it announced a $486 million investment from e-commerce powerhouse Alibaba Group.
Shiji, a hospitality tech giant of China which has 20 foreign subsidiaries, has in the past month acquired StayNTouch, a hotel tech services provider, and Concept Software Systems, a retail tech provider for golf, spa, and other activities. A few months ago, it bought out the remaining shareholders of SnapShot, an analytics dashboard.
Shiji recently disclosed its backing of Kalibri Labs, a data-based hotel revenue consultancy. It has been rumored to have invested in Leonardo, a company that helps hotels manage their visual assets, such as photos of rooms.
Shiji has been expanding its global push since February — when it announced a USD 486 million investment from e-commerce powerhouse Alibaba Group.
Outside China, about 47,000 properties use products or services from Shiji Group. More than 100,000 hotels worldwide connect to Shiji’s inventory distribution system.
Analysts following the public company estimate that Shiji will generate about USD 481 million in revenue for the year through December 30, 2018. That puts it second in hospitality tech sales leadership to Oracle Hospitality, which analysts estimate generated about USD 1.8 billion in revenue in 2017.
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