Since the beginning of this year, several international hotel giants such as Marriott International, Hilton Worldwide, and Hyatt Hotels have accelerated their expansion in China, being bullish on the development potential of the Chinese market. The American hotel chain giant Hilton, after opening its 200th hotel in China in 2019, has increased its opening speed from 100 hotels in a few years to over 100 hotels in a year; Marriott International has opened an average of 1.3 hotels per week in the first three quarters of this year in China. In addition, many international hotel groups continue to deepen their presence in third to fifth-tier cities and niche destinations. Recently, the CEO of the French Accor hotel group stated that he believes that China's large population base will surpass that of the USA within five years, becoming the largest hotel market in the world. (CCTV Finance)