What's the difference between budget hotels, budget hotels, chain hotels and chain hotels?

First of all, we should know about hotels and guesthouses. At the beginning of reform and opening up, high-star hotels were called hotels (state-owned enterprises) in China. Since China joined WTO, foreign hotels have been introduced, so the word hotel is popular now, and the level is the same. At present, the word hotel mostly appears in old state-owned hotels, except for small hotels, which gives people a very low-level feeling. In fact, White Swan Hotel, Oriental Hotel and Diaoyutai State Guesthouse are all industry leaders. Economy hotel (guesthouse): Provide convenient and high-quality services at low prices, mainly for low-consumption groups such as wage earners and truck drivers. Hotel: a hotel group composed of franchisees or investors, with perfect management mode and membership system, and members enjoy discounts from various chain stores. Economy hotel chain (hotel): Based on the above principles, the business agreement system mainly provides high-quality and low-cost services for business customers and long-term customers.