The Significance of China Hotel Industry Development Report in 2022

Since the outbreak of the new crown epidemic, the hotel industry is undergoing drastic changes and the tourism market has shrunk dramatically. The sustainable development of hotel industry is facing great challenges, but also contains new business opportunities. According to the report, before the outbreak, with the economic growth of China and the improvement of residents' quality of life, people's tourism consumption was getting higher and higher, and the upgrading of consumption led to an increase in demand, which stimulated the growth of hotel industry demand. However, affected by the COVID-19 epidemic, the reported data show that in 2022, the total number of accommodation facilities in Chinese mainland was 36 100, a decrease of 86,000 compared with 2020, of which the hotel accommodation industry decreased by 27,000 and other accommodation industries decreased by 59,000 compared with 2020. The epidemic situation has a great impact on the hotel industry.