今天分享的是：《2025心动酒店趋势报告》 报告共计：43页 《2025心动酒店趋势报告》指出，文旅消费升级下酒店业从"功能住宿"向"体验消费"深度变革，特色体验型酒店成存量市场增长核心力量，"酒店即生活方 式"理念重塑住宿消费逻辑，抖音等内容生态通过真实分享赋予酒店情感价值，用户决策从"价格比对"转向"情感共鸣"。行业趋势上，酒店业告别"跑量"模 式，进入多元化、差异化、精细化新周期，2022 - 2024年客房数稳步增长但新入局门槛提高；中高端赛道增长强劲，头部集团纷纷布局，下沉市场成新蓝 海，三四线及县域酒店分布广、连锁化率有提升空间；文旅市场火热带动生活方式酒店崛起，2025年新开业主题酒店中其占比及涨幅领先，但酒店整体经营 效能呈下行趋势，供需错配凸显生活方式酒店机遇。消费趋势方面，出行目的上，本地微度假成都市人"去班味"选择，近九成消费者定期短途出行，高收入 群体更愿为品质疗愈买单；亲子度假中"躺平式遛娃"成刚需，亲子友好酒店订单增长显著；反向旅游兴起，下沉市场成核心目的地，女性主导"酒店先行"决 策。选择偏好上，"心价比"取代"性价比"，消费者愿为情绪价值买单，酒店成"精神充电站"，同时"颜值与 ...

Core Insights - The closure of the WeChat "Discover - Shopping" entry on September 30 marks the end of a decade-long partnership between JD.com and Tencent, indicating a significant shift in the Chinese e-commerce landscape from reliance on traffic to ecosystem restructuring [1][2][6] Company Summary - JD.com plans to enhance its services within the WeChat ecosystem despite the closure of the shopping entry, maintaining the "Service - JD Shopping" entry and continuing to operate the "JD Shopping" mini-program to improve user experience [2][6] - The company is expected to face a short-term increase in customer acquisition costs by 1-2 percentage points due to the loss of access to over 300 million users in the lower-tier market, particularly among middle-aged consumers [7] - Long-term strategies include accelerating content development within its app, expanding the Jingxi community ecosystem, and leveraging AI to improve user retention rates from 38% to over 45% [7][8] Industry Summary - The end of this partnership signifies a transformation in the competitive landscape of the consumer internet sector, moving from a focus on traffic to core capabilities [6][9] - Tencent is shifting its e-commerce strategy from a "traffic rental" model to building a video account e-commerce ecosystem, with a projected 300% year-on-year growth in GMV for 2024 [7] - The industry is witnessing a fundamental change in traffic strategies, with platforms moving from simply "buying traffic" to creating their own through content and AI, emphasizing private domain operations and the integration of offline scenarios [8][9] - The competition will increasingly rely on core capabilities rather than traffic access, with AI technology becoming a crucial factor in bridging various domains [9]

Core Viewpoint - The hydrogen energy industry is transitioning from fragmented efforts to collaborative strategies, aiming for high-quality development and contributing to a green low-carbon energy revolution [1][6]. Group 1: Strategic Layout - China Petrochemical Corporation (Sinopec) has evolved its hydrogen energy strategy from isolated initiatives to a comprehensive industry chain approach, aiming to become "China's first hydrogen energy company" [3][4]. - The company has established a hydrogen industry chain expert advisory committee to gather insights and promote collaboration across the entire industry [3]. - Sinopec's long-term hydrogen energy development strategy was officially launched in September 2022, emphasizing "hydrogen leading, green hydrogen demonstration, dual-wheel drive, and supporting carbon reduction" [3]. Group 2: Capital Layout - In May 2025, Sinopec's hydrogen industry chain venture capital fund was registered with an initial scale of 5 billion yuan, focusing on forward-looking investments across the hydrogen energy value chain [4]. Group 3: Achievements in Technology and Infrastructure - Sinopec has successfully implemented a megawatt-level proton exchange membrane electrolysis hydrogen production device and is the first in China to operate a kilowatt-level solid oxide electrolysis hydrogen production project [4]. - The company has established the first 10,000-ton photovoltaic green hydrogen demonstration project in China and is developing additional green hydrogen projects in Inner Mongolia [4]. - With over 30,000 refueling stations nationwide, Sinopec has become the largest operator of hydrogen refueling stations globally, holding approximately 30% of the domestic market share [4]. Group 4: Future Outlook - The hydrogen energy industry is expected to thrive through collaborative innovation, with Sinopec committed to building an ecological network for hydrogen energy [5]. - The establishment of a central enterprise green hydrogen innovation consortium aims to integrate production, education, and research, fostering a collaborative innovation ecosystem [5]. - Sinopec is actively participating in the development of national and industry standards for hydrogen energy, ensuring the healthy growth of the sector [5].

文 | 职业餐饮网 三水 昔日边角料——猪油渣，竟然摇身一变，成了排长队的小吃专卖店？ 最近，职餐记者观察发现，在北京合生汇、长楹天街等大型商圈，陆续开出了一批以吉屋出猪、岛姜家为主的"脂渣专营店"。上海、苏州、南京等城市，一 批"脂渣专营店"也陆续冒头。 它们以"脂渣"这一单品为主打，搭配猪油或鱼片等产品一起售卖，现做现炸，人均价格40元以上。 这批"脂渣店"在模式上有何特点？这场从 "餐桌配角" 到 "主角门店" 的逆袭，又能否火遍全国？ 从餐桌"边角料"到小吃的逆袭， "脂渣"专营店火了！ "口感紧实有嚼劲，越嚼越香""挺热闹的，排队的人很多""回家当零食解馋"…… 以往想到"脂渣"，大多是家庭熬完猪油剩下的边角料，但眼下它们正成为小吃赛道的"主角"。 1、选址在高流量商圈，抢占"休闲小吃"赛道 "正餐小吃化，饮食零食化。" 在这样的消费趋势下，像阿甘锅盔、小蹄大作、亲爱的锅包YOU等越来越多品牌因把传统菜品"小吃化"而走红。 如今的脂渣店同样如此。它们打破了猪油渣家庭自制的传统场景，把它从过去的餐桌"边角料"变成小吃，甚至开出专门的档口店。 在具体形式上，这批脂渣专营店也自成特色。 首先在选址上，与很 ...

天眼查App显示，近日，广州筑颜化妆品有限公司成立，注册资本3万人民币，经营范围为纸制品销售; 塑料制品销售;五金产品批发;化妆品零售;化妆品批发;第一类医疗器械销售;第二类医疗器械销售;食品销 售（仅销售预包装食品）;信息技术咨询服务;仪器仪表销售;国内贸易代理;保健食品（预包装）销售;人 力资源服务（不含职业中介活动、劳务派遣服务）;技术服务、技术开发、技术咨询、技术交流、技术 转让、技术推广;食品互联网销售（仅销售预包装食品）;互联网设备销售;互联网销售（除销售需要许可 的商品）;个人卫生用品销售;货物进出口;卫生用品和一次性使用医疗用品销售。 ...

红星资本局9月28日消息，针对近日大连万达集团股份有限公司（以下简称"大连万达"）及其法定代表人王健林等被限制高消费一事，红星资本局从万达知 情人士处获悉，此事是"由于万达下属项目公司经济纠纷导致，事实上之前双方一直在通过多种方式协商解决，我们也正在了解具体情况，本次或是因在执 行层面信息不对称导致。" 红星资本局通过天眼查App查询发现，相关案件执行标的为1.86亿元，执行法院为甘肃省兰州市中级人民法院，发布时期为9月26日，被执行人涉及武汉万达 文旅置业有限公司、武汉楚河汉街文化旅游投资有限公司、大连万达集团股份有限公司、万达地产集团有限公司。 图据天眼查App 另据中国执行信息公开网，上述案件立案日期为今年7月16日。 | 2025-07-16 ● 被执行人 | 被执行人：武汉万达文旅置业有限公司 | 执行标的:186,154,304.00元 | | --- | --- | --- | | | 被执行人: 武汉楚河汉街文化旅游投资有限公司 | 执行标的:186,154,304.00元 | | | 被执行人：大连万达集团股份有限公司 | 执行标的:186,154,304.00元 | | | 被执行人：万达 ...

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Core Viewpoint - The discussion centers around the increasing probability of a new round of fiscal stimulus, suggesting that a shift in market style is beginning to take root, with expectations for a turning point in fiscal policy and prices [1] Group 1: Market Dynamics - There is a noticeable divergence in the market, with indices performing well but individual stocks showing mixed results, particularly in the technology sector, which has been driven by a few companies in the ChiNext board [1] - The extreme rise in technology stocks may lead to increased caution among investors, as the perception of risk grows, prompting a potential shift from technology to traditional sectors such as liquor, consumer goods, and cyclical industries [1] Group 2: Short-term Style Shift - A short-term style shift is anticipated, particularly in traditional industries that have been undervalued, as fiscal policies aimed at stimulating consumption may come into play [2] - The potential for a temporary rally in traditional sectors cannot be entirely dismissed, given the prolonged stagnation in CPI [2] Group 3: Technology Sector Resilience - Even if a style shift occurs, it is viewed as a temporary interlude, with technology stocks likely to remain strong and not lose their leading position in the market [4] - Historical examples suggest that technology has been the driving force behind major market rallies, indicating that a fundamental shift away from technology is unlikely [4] Group 4: Importance of Technology - The current bull market is heavily reliant on technology, which has reached a market capitalization share of 25%, highlighting its growing significance in the A-share market [4] - The emphasis on technology reflects a broader understanding that sustainable wealth creation and future growth depend on technological advancements rather than traditional sectors alone [4]

来源：市场资讯 （来源：辰珵） 随著圣诞与元旦档期临近，好莱坞大片陆续上映，全球最大院线运营商 AMC Entertainment（NYSE: AMC）再度成为市场焦点。投资者普遍看好年底的票房回暖与美联储即将到来的降息周期，认为 AMC 有望迎来票房收入与融资成本的双重改善。 根据业内数据机构 Comscore 的预测，2024 年圣诞档北美票房有望突破 8 亿美元，同比增长 12%，其中 多部热门续集电影及动画大片已提前锁定观众注意力。AMC 作为北美最大的影院运营商，将直接受益 于票房热潮和客流回升，食品饮料销售同步提升。 除了票房因素，宏观环境亦传来利好。美联储在最新会议纪要中暗示年底或将再次降息，市场普遍预期 12 月会议上将下调基准利率 25 个基点。分析人士指出，降息将降低 AMC 的融资成本，减轻利息支出 压力，并有望提升投资者对"迷因股"及影院板块的风险偏好。 华尔街多位分析师近期上调 AMC 目标价。某大型券商报告表示，若圣诞档票房表现符合预期，AMC 四季度收入有望创下疫情后新高，并助力公司加快现金流改善与债务削减计划。 投资者情绪也正在升温。社交媒体平台上，散户社群重新活跃，呼吁"看好 ...

Core Points - The founder of Xibei Catering, Jia Guolong, has cleared his social media accounts, including Xiaohongshu and video accounts [1] - Xibei's annual revenue is reported to be 6.2 billion [4] - A recent controversy involving Xibei and pre-made dishes has led to public backlash and legal action [9][11] Group 1 - Xibei's official account shared a video about a mother whose child learned to eat at Xibei, which moved Jia Guolong to tears, but the video has since been removed [9] - The official account "Xibei Taste Morning Read" has been set to private, requiring approval to follow [11] - A lawyer, who has been a client of Xibei for nine years, filed a lawsuit against the company for alleged fraud and false advertising related to their use of pre-made dishes [11] Group 2 - The lawsuit includes claims for triple compensation and demands for transparency in food ingredients [11] - The lawyer submitted over 86,000 yuan in consumption records as evidence, alleging that Xibei misrepresented its food as "organic" and "freshly cooked" while using frozen semi-finished products [11] - The lawsuit also highlights contradictions in Xibei's marketing of children's meals [11]