search query: @indexterm Hotel and catering industry / total: 391
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| Author: | Wang, Jianping |
| Title: | Inquiry into current market conditions of hotel and catering industry (original in Chinese) |
| Journal: | Commercial Economy and Management (c)
1999 : 1, p.63-65 |
| Index terms: | HOTEL AND CATERING INDUSTRY CHINA |
| Language: | chn |
| Abstract: | Beginning with the relation between supply and demand in hotel and catering industry, the article inquires into current market conditions of this industry. The buyer's market is the basic characteristic of current hotel and catering industry. The emergence of buyer's market brings profound influence on the construction, management and operation of hotel and catering industry. First, the industry's average profit rate declines abruptly; second, disintegration of this industry is intensified; third, market restriction on this industry is enhanced, and forth macro-manipulation is facing transforming. The current characteristics in the market of hotel and catering industry are: 1. the effective demands of hotel and catering industry's market are unbalanced; 3. there is still large room in the market of this industry. |
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