In this context, the world's top 500 catering and hotel industry companies as the industry leader is also beginning to integrate artificial intelligence technology, and in the booking options, in-store consumption, digital operations, and other cutting-edge application areas to try to land the relevant projects, so as to drive the entire catering and hotel industry's technological transformation road.
As the global per capita gross domestic product and consumption rise, the catering and hotel industry's consumption of private and public pairs is also slowly rising. At the same time, as the global economy has continued to rebound since the financial crisis in 2008, the tourism consumption of tourists from various countries has also reached record highs year after year. Based on IBISword's hotel and restaurant industry report, the global restaurant and hotel industry has maintained an average annual revenue growth rate of nearly 2% over the past five years, and is approaching the trillion-dollar mark in 2018.