YILI(SH:600887) Di Yi Cai Jing·2026-02-05 10:55Core Viewpoint - The importance of annual company meetings (year-end parties) remains significant for both multinational and local companies, despite some changes in format and scale due to economic conditions and company policies [3][4][8]. Group 1: Multinational Companies - L Company organized a grand annual meeting featuring a large venue, celebrity appearances, and an engaging atmosphere, highlighting the event's significance for employee morale [2]. - Other multinational companies, such as Roche and a foreign dairy company, also emphasized the importance of annual meetings for boosting employee morale, with various prizes and engaging activities planned [3]. - A foreign dairy company's new CEO made an effort to connect with employees by delivering a speech in Chinese, showcasing the importance of cultural engagement [3]. Group 2: Local Companies - Local companies like Yili Group also prioritize annual meetings, with significant investments in awards and recognition for employees, totaling over 600 million yuan [4]. - The format of annual meetings for local companies is evolving, with some opting for online participation to accommodate a larger audience [5]. Group 3: Changes in Annual Meetings - Economic changes have led to a reduction in the scale and frequency of annual meetings, with some companies canceling them altogether due to logistical challenges and cost considerations [8][9]. - A notable decline in hotel bookings for annual meetings has been reported, with estimates suggesting a 30% decrease in hotel orders for 2026 compared to 2025 [9][10]. Group 4: Hotel Industry Response - Hotels are actively seeking to adapt to the changing landscape by diversifying their offerings, such as "New Year's Eve dinners + accommodation" and targeting senior citizen gatherings [12]. - High-end hotels in regions like Shanghai are experiencing strong demand for New Year's Eve dinner packages, indicating a shift in consumer preferences [12]. - Some hotels are enhancing their services for inbound meetings and events, catering to international clients with tailored experiences [13].