System integration service revenue rose 23.3% to RMB 1,168.0 million for 2019, accounting for 14.4% of the company’s total revenue in the year.
The Chinese hotelier invested by Trip.com Group said it has "sufficient financial resources" to deal with coronavirus impact.
The company said it believes that the demand of the global tourism industry will continue to rise in the long run.
The IDG Capital-invested H Hotel has signed up a total of 2,500 hotels as of 2019, while Huazhu’s Elan Hotel has contracted over 600 properties.
The company believes it has "a strong operating model and solid balance sheet" to weather this disruption.
The company announced business suspension 33 days before the new financing was announced. It has adopted a series of major measures to deal with the coronavirus outbreak.
Caissa Tourism reported revenue decline of 14.2% in the first three quarters of 2019, to RMB5.95 billion.
MakeMyTrip believes that separating the roles of Group CEO and Executive Chairman will allow the company to strengthen its focus on long-term strategic opportunities within and outside India.
