Core Insights - The Chinese government has introduced 20 measures to promote high-quality service consumption, prioritizing the accommodation and catering sectors as key drivers for economic growth and consumer spending [1] Group 1: Industry Development - The accommodation and catering industry is recognized as a crucial area for expanding domestic demand and driving growth, adapting to trends of consumption upgrades and new energy transitions [1] - The China Hotel Association has launched a consumption index system based on big data to measure market development levels and capture changes in the accommodation and catering sectors [2] Group 2: Standards and Regulations - The Ministry of Commerce has released two industry standards focused on ESG management and digital operations for accommodation enterprises, developed in collaboration with leading hotel groups and digital service companies [3] - These standards aim to provide actionable guidelines for the industry's transition towards greener and more digital operations [3] Group 3: Future Initiatives - The China Hotel Association plans to continue promoting digital and green development in the hospitality sector through various initiatives, including summits, reports, and talent cultivation [4] - A collective initiative titled "Beijing Initiative for Sustainable Development of Accommodation Enterprises" has been launched to promote ESG governance and digital transformation within the industry [4] Group 4: Strategic Collaborations - A strategic cooperation agreement was signed between the China Hotel Association and Beijing Shougang Construction Investment Co., emphasizing resource integration and innovation in service consumption [7]

Group 1 - The 2025 China International Service Trade Fair (CIFTIS) is set to showcase significant achievements from various enterprises and institutions, with a media briefing held 40 days prior to the event [1] - The China Hotel Association will launch the first "China Accommodation Consumption Index" and "China Catering Consumption Index" at the fair, focusing on price, customer flow, and confidence indices to reflect industry consumption trends [2] - The association will also release two national industry standards related to ESG management and digital operations for hotels, aiming to promote high-quality development in the industry [2] Group 2 - Ernst & Young will present innovative products and insights at the fair, including the first industry-specific intelligent Q&A system, which provides 24/7 service across various sectors [3] - Alibaba will unveil a series of innovative results, including the "Yellow Handrail Plan" aimed at enhancing safety for the elderly, and a report on new e-commerce models that leverage digital capabilities [4] - The company will also introduce the China Online Consumption Brand Index (CBI), focusing on quality metrics in online consumption [4] Group 3 - Baiwang Co., Ltd. will launch a global transaction compliance solution at the fair, integrating AI with tax expertise to support enterprises in compliance management [5]

Group 1 - The 2025 China International Service Trade Fair (CIFT) is set to showcase significant achievements from various enterprises and institutions, with a focus on the hospitality industry [1] - The China Hotel Association will launch the first "China Accommodation Consumption Index" and "China Catering Consumption Index," which will reflect industry consumption trends and provide scientific references for government, businesses, and consumers [1] - The association will also release two national industry standards related to ESG management and digital operations in hotels, aiming to promote high-quality development in the industry [2] Group 2 - Ernst & Young will present innovative products and insights at the CIFT, including the first industry-specific intelligent Q&A system, which aims to support businesses in their green transformation and high-quality development [3] - Alibaba will unveil a series of innovative achievements, including the "Yellow Handrail Project" aimed at enhancing home safety for the elderly, and a report on new e-commerce models that leverage digital capabilities [4] - Baiwang Co., Ltd. will introduce a global transaction compliance solution at the CIFT, designed to help businesses establish an intelligent and comprehensive compliance management system [5]