Will there be fewer and fewer standard rooms in hotels after the epidemic?

2020 is destined to be an unforgettable year for the hotel industry. Due to the impact of the COVID-19 epidemic, China's domestic tourism, business travel and other population mobility activities have been greatly restricted.

In 2020, the number of domestic tourists in China is only 2.879 billion, down by 52. 1% year-on-year. Affected by the epidemic, the hotel industry in China suffered serious setbacks in the first quarter of 2020. After strict epidemic prevention measures were taken in China, the demand for business travel rebounded in the second and third quarters. However, because the tourism industry, which accounts for the bulk of China's tourism, has never fully recovered, the recovery of the hotel industry is relatively slow. Judging from the short-term recovery process of the hotel industry after the epidemic, the recovery speed of economy hotels is faster than that of middle and high-end hotels because of the lower price and greater consumer demand. However, due to the lack of anti-risk ability in capital and scale, the economy hotel as a whole has been hit the most.