Why should we carry out the supply-side structural reform of tourism?

The so-called supply-side structural reform refers to starting from the supply side, making full and efficient use of production factors and natural resources through reform, liberating productive forces and promoting economic development. Generally speaking, the short-term economic output level is determined by the demand side, and the medium-and long-term output level is determined by the supply capacity. Therefore, demand-side management often focuses on stabilizing the short-term regulation of economic aggregate, while supply-side management focuses on the medium-and long-term systematic structure. Demand-side management can help to cope with "symptoms" such as economic depression, but it has great side effects and may lead to stagflation; Although the supply-side reform is slow to take effect, it can cure the symptoms and consolidate the foundation through comprehensive management. In different periods, according to the main contradiction that restricts economic growth, the focus of macro-control in different countries will be different. For developing countries, supply-side management is particularly important, because it is the only way to improve the potential output level.

Theoretically, a perfect market mechanism can guide supply, make supply automatically adapt to demand and create demand. If the supply can't meet the demand, there must be some supply constraints and supply constraints. Therefore, supply-side management requires relaxing supply constraints, lifting supply constraints, and reforming and perfecting the system. Not long ago, the Central Economic Work Conference put forward that "to stabilize economic growth, we should pay more attention to supply-side structural reform" and "while moderately expanding total demand, we should focus on strengthening supply-side structural reform and implementing five policy pillars that cooperate with each other". Judging from the central government's requirements for supply-side structural reform, the content of supply-side structural reform includes decentralization, deregulation, financial reform, state-owned enterprise reform, land reform and so on. Its core is to give play to the decisive role of the market in resource allocation, activate the initiative of micro-subjects, improve the total factor productivity, adjust and optimize the supply structure, improve the quality of supply, and lay a solid foundation for adapting to and leading the new economic normal.