Feasibility Analysis of High-rise Hotel Transformation into Elderly Care Facilities

According to the data of the 7th National Census, China's elderly population aged 65 and above accounts for 13.50% of the total population, which is close to the standard of 14% for an aging society. The central areas of China's first-tier cities show a high density of elderly population and a high degree of ageing in terms of demographic structure; in terms of land construction, they are characterised by tight land use, few available land resources and high land prices; in terms of geographical environment, they have convenient transportation and sound medical resources for the construction of basic facilities; at the individual level, elderly people have a higher GDP per capita, education level, economic resources and consumption power than other cities higher. Accordingly, there is a strong trend to convert midto high-end elderly care institutions based on the original buildings in the central areas of China's first-tier cities.