In 2019，active asset trading is one of the biggest characteristics of the high-end hotel market. Marriott International Group acquired W Hotel in New York，InterContinental Hotels Group acquired Six Senses，and Huazhu Hotel Group acquired German group Deutsche Hospitality and so on. The market is still in a “racing enclosure” competition pattern. While high-end brands are digging into first-and second-tier cities，they are also sinking into third-and fourth-tier cities. New century Hotel Group signed 68 hotels in the first half of the year，and the hotel has basically achieved national coverage；InterContinental Hotels Group signed 24 new hotels to accelerate the layout of the Northwest market and the Guangdong-Hong Kong-Macao Greater Bay Area. At the same time，the market relies on methods such as resources integration，transactions transfer，capital operations，and brand new to accelerate the restructuring of the market structure and the rapid improvement of integration efficiency，driving a profound change in the industrial structure in the era of quality and efficiency.