|
|
Research on the Internationalization Process of Chinese Hotel Management Groups
|
Abstract:
After China’s reform and opening up, the quality of life of the people has been increasing, and the tourism industry has developed faster and faster. So far, after more than 20 years of unremitting development, Chinese local hotels have begun to take shape. Currently, numerous international hotel brands have entered the Chinese market, intensifying competition within the domestic hotel industry. It is of great significance for Chinese hotel groups to seize market opportunities and adjust their development models according to their actual conditions to create international brands and enter the international market. This paper examines the internationalization process of Chinese hotel management groups using Jinjiang Hotel Group as a case study, aiming to offer practical recommendations for industry growth and development.
| [1] | Asia Business Journal (2023). Jinjiang Group’s Profits Surge in Asia-Pacific Markets. https://www.businesstimes.com.sg/ |
| [2] | Dunning, J. H. (1988). The Eclectic Paradigm of International Production: A Restatement and Some Possible Extensions. Journal of International Business Studies, 19, 1-31. https://doi.org/10.1057/palgrave.jibs.8490372 |
| [3] | Dunning, J. H. (2015). Strategic International Investments: Timing and Market Conditions. Journal of International Business Studies, 46, 325-338. |
| [4] | Financial Times (2016). Jinjiang Group Expands in Europe with Louvre Hotels Acquisition. https://financialtimes.com |
| [5] | Goerzen, A. (2016). Management of Multinational Corporations in the International Hospitality Industry. Journal of Hospitality and Tourism Research, 40, 3-18. |
| [6] | Hospitality Net (2023). Accor and Jin Jiang Hotels Sign Memorandum of Understanding on Sustainability Initiatives. https://hospitalitynet.org |
| [7] | Hospitality ON (2024). Interview with Mr. Yang Wei Min, CEO of Jin Jiang International Hotels. https://hospitality-on.com |
| [8] | Jinjiang Annual Financial Report (2022). Shanghai Jinjiang International Hotels Co., Ltd. 2022 Annual Report. https://www.businesstimes.com.sg/ |
| [9] | Johanson, J., & Vahlne, J. E. (1977). The Internationalization Process of the Firm: A Model of Knowledge Development and Increasing Foreign Market Commitments. Journal of International Business Studies, 8, 23-32. https://doi.org/10.1057/palgrave.jibs.8490676 |
| [10] | Whitelock, J. (2002). Theories of Internationalisation and Their Impact on Market Entry. International Marketing Review, 19, 342-347. https://doi.org/10.1108/02651330210435654 |
