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"For 2019, we see another year of volume growth as we continue to benefit from our strong product program and increased capacity," he added. "But we have to be realistic and acknowledge that margins will remain under continued pressure."

"For foreigners, a two-bedroom apartment costs only about 5 million yuan. We can let it out at about 20,000 yuan per month, which is higher than the rent in China," Dong said.

"Government authorities must act in the absence of complete information, and they must make judgments about how to balance different values and handle trade-offs among different types of health risks," she said.

"For B&B operators, the key to success amid fierce competition is to make the property a livable and attractive place," said Dai Bin of the China Tourism Academy in a forum.

"Generally speaking, this year PICC's focus is to foster strengths and avoid weakness," said Miao Jianmin, chairman of PICC group. "We will maximize the advantages of our brand images, teams and market share, while accelerating market-oriented reform and embracing cutting-edge technologies to overcome our shortcomings."