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Do young people have a future in hotel industry?
The future of this industry is bright, but for those who are engaged in this industry, the future is bleak. Because it is a heavy asset industry, the actual profit is very low. Don't read the GOP in the report every day. When you take the upfront rent, land sales and building decoration (hoes) into account, you will find that the profits of this industry are pitiful, resulting in extremely low average wages of employees, inability to retain talents and extremely low entry barriers. How low is it? I seldom see that when enterprises with more than 202 1, 100 people recruit managers (directors and above), the requirements for academic qualifications are professional. In this way, it will be very difficult to upgrade the hotel industry, because people generally don't have any academic background and culture, and they are playing with themselves purely by the experience of generation after generation, which seems to be the inheritance of some ancient skills, and some even have the ceremony of learning from teachers. So you will see investors continue to invest in the hotel industry for cash flow and growing demand. But there will be more and more people engaged in this industry.