What are the hotel development theories?

The hotel industry in China has experienced the embryonic stage, the initial stage, the high-speed development stage, the declining stage and the rising stage.

(A), the embryonic stage

It is in the initial stage before 1980. 1949 after the founding of new China, the people's government reorganized and reformed some old hotels and actively prepared new ones. 1979, the government approved the first batch of joint venture projects and started the construction of the first batch of joint venture hotels. The main characteristics of this period are small overall quantity, outdated facilities, single function, simple conditions and unbalanced regional distribution throughout the country.

(2), the initial stage

1980 to 1982 is the initial stage. Through the introduction of foreign capital, a large number of Sino-foreign joint ventures and Sino-foreign cooperative hotels have been gradually built. Since Hong Kong Peninsula Group 1982 took over Beijing Jianguo Hotel, international hotel groups have landed in succession. At present, their market share and economic benefits in China are in a leading position.

(3) The stage of rapid development

The period from 1983 to 1993 is a period of rapid development. The state has put forward the policy of developing tourism service infrastructure, and implemented the policy of "joint efforts of the state, localities, departments, collectives and individuals, self-reliance and joint efforts of utilizing foreign capital", and funds from various channels at home and abroad have been invested in the hotel industry one after another. 1993 reached its climax.

(4) Autumn stage

The period from 1994 to 1998 is a period of decline. After 1993, the hotel industry gradually completed the process of profit equalization, and the construction climax began to fall back. At the same time, driven by market depression, poor management and other reasons, the evil consequences of blind construction began to appear, and the profit rate of hotel industry decreased year by year. During the period of 1998, the whole industry experienced negative profits.

(5) resume the rising stage.

1999 is the rising stage. Driven by the rapid rise of domestic tourism economy and the continuous growth of the number of tourists coming to China for tourism and business activities, the room occupancy rate of domestic hotel industry began to pick up after the industry-wide benefit 1998 dropped sharply. However, due to the intensified competition in the industry, the average room rate declined, and the profits of the whole industry did not reach the synchronous growth.