中信证券研报进一步指出，随着2026年国内商业用地租金下降幅度放缓、资深加盟商情绪趋于谨慎、头部四大酒店集团Pipeline减少，酒店行业供给增速将进一步回落。在高线城市入住率翻正预期下，价格料将呈现一定弹性，头部酒店RevPAR同比预计仅实现低个位数增长。这意味着，单纯依靠规模驱动的增长模式已难以为继，质量深耕与体验创新将成为下一阶段竞争的核心命题。
Access to eight surprising articles a day, hand-picked by FT editors. For seamless reading, access content via the FT Edit page on FT.com and receive the FT Edit newsletter.。业内人士推荐safew官方下载作为进阶阅读
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头部稳健增长、腰部强势扩张，总量却不增反降——这一矛盾现象背后，是行业洗牌加速、存量博弈深化的真实写照。数字背后，酒店集团们必须读懂这场结构性分化传递的深层信号，以及隐藏在数量之下的海量市场信息。
"It would be nice for people to still carry on doing [manufacturing], rather than get just some robot, like they do in Japan, just to assemble it all, because it's the human touch," he said.。safew官方版本下载是该领域的重要参考