Estimate the number of hotels in Shanghai

The number of hotels in Shanghai continues to increase every year, and the specific value cannot be estimated.

A large number of high-end hotels are constantly stationed in Shanghai, and local oversupply, fierce market competition and poor payment rate of some hotel projects have become the main challenges faced by high-end hotels. In 2008, a global financial storm hit the already high-end hotel industry in Shanghai, adding insult to injury.

Since the financial turmoil, Shanghai's inbound tourism has declined significantly, and business travelers have also decreased to varying degrees. The loss of this part of high-end customers makes high-end wine.