1, the industry competition is fierce. With the improvement of people's living standards, people's demand for travel has also increased greatly, but at the same time, the hotel industry is also expanding and the industry competition is becoming more and more fierce. In this way, many hotels gradually fall behind in the competition and become victims.

2. The impact of the COVID-19 epidemic. In 2020, affected by the COVID-19 epidemic, China hotels suffered heavy losses. Tourism and hotel industry are the most seriously affected industries in COVID-19. Many hotels suffered very serious losses due to their failure to operate normally, which directly led to the closure of these hotels.

3. The pattern of hotel industry has changed. Nowadays, people's requirements for the hotel industry are getting higher and higher, and the hotel industry also needs constant innovation and development to survive in the market, while the operating conditions of some traditional hotels are getting worse and worse, which is the basic law of survival of the fittest in the market.