Core Viewpoint - The hotel industry is facing intense competition and is at a critical juncture where transformation is necessary for survival, leading to the emergence of street food stalls by luxury hotels as a new revenue stream [4][5][8]. Group 1: Industry Challenges - The hotel industry is experiencing oversupply, with major hotel groups rapidly expanding their presence, leading to a situation where more hotels are competing for fewer customers [5][8]. - Key performance indicators for major hotel chains have declined, with Jinjiang Hotels reporting a 5.78% drop in RevPAR and a 11.19 yuan decrease in ADR [5][7]. - The high-end hotel sector has seen a significant reduction in revenue from dining services, which were previously a major income source, as traditional banquet bookings have decreased [6][8]. Group 2: Transformation Strategies - Hotels are increasingly adopting street food stalls as a strategy to diversify income and attract customers, leveraging their brand reputation and supply chain advantages [9][12]. - The average daily revenue from these street food operations ranges from 10,000 to 60,000 yuan, indicating a potential but limited revenue source compared to traditional banquet services [11]. - The shift towards street food is seen as a temporary measure to generate additional revenue while hotels continue to focus on their core business of meetings and banquets [12][13]. Group 3: Consumer Perception and Market Response - Consumers appreciate the hygiene and quality associated with food from luxury hotels, which is a significant advantage over traditional street vendors [9][11]. - There are concerns regarding food safety and the sustainability of outdoor food stalls, prompting hotels to consider indoor setups and delivery options to enhance customer experience [11][12]. - Regulatory support is emerging to facilitate outdoor operations, indicating a potential for the "outdoor economy" to become a more structured part of the hotel industry [12][13].