Core Viewpoint - The local tourism companies in China, once considered prestigious, are now facing significant financial losses and operational challenges, raising questions about their management and sustainability in the current market environment [2][12][26]. Financial Performance - Guilin Tourism reported a net loss of 200 million yuan in 2024, accumulating losses of nearly 1 billion yuan since 2020 [2][3]. - Qujiang Cultural Tourism incurred a loss of 131 million yuan in 2024, with total losses nearing 600 million yuan over three years [2]. - Zhangjiajie experienced a net loss of 582 million yuan in 2024, with cumulative losses exceeding 1.3 billion yuan over five years [2][10]. Management and Operational Issues - Many local tourism groups operate under a "debt-first, project-later" philosophy, leading to a mismatch between financing needs and operational capabilities [14][25]. - Management teams often lack the necessary expertise, as many come from bureaucratic backgrounds rather than tourism or business sectors [14][25]. - There is a prevalent issue of projects being initiated without proper market research or operational planning, resulting in poor performance and financial losses [16][20]. Market Dynamics - Despite high visitor numbers, many projects fail to generate profit, leading to a reliance on debt financing to sustain operations [7][21]. - The current market is becoming less forgiving, with stricter regulations on financing and project approvals, making it harder for companies to secure funding based on optimistic projections [28][29]. Future Outlook - The local tourism sector may face further declines, with many companies potentially unable to recover without significant changes to their operational models [26][29]. - There is a need for local tourism companies to acknowledge their issues and adjust their strategies, focusing on sustainable practices rather than merely seeking new funding [29].

Group 1 - The core viewpoint of the articles highlights the surge in tourism in Guilin during the "May Day" holiday, with significant increases in water traffic and various activities attracting visitors [1][2][3] - Guilin's water traffic peaked with daily visitors reaching 46,000 and 88,000 on the first two days of the holiday, culminating in a total expected water traffic of 360,000 during the holiday [1] - Various scenic spots in Guilin organized themed activities to cater to market demand, such as traditional farming events and DIY workshops, enhancing the tourist experience [2] Group 2 - The introduction of innovative technology in tourism, such as the "Er Lang Shen" robot performing at docks, showcases the integration of modern technology with traditional tourism [2] - The promotion of discounts and themed travel routes by hotels and scenic spots aims to attract more visitors, with over 300 influencers invited to experience and promote Guilin's attractions [2] - The local government and tourism authorities are focusing on appealing to younger demographics by creating engaging and trendy experiences in the scenic areas [3]