Traditional Culture Encyclopedia - Hotel accommodation - Why is it cheaper to live in an apartment than in a hotel?

Why is it cheaper to live in an apartment than in a hotel?

Hotels are more expensive and apartments are more flexible.

1. Hotel operators need to pay staff salaries, equipment maintenance, room cleaning and other expenses, which will increase the operating costs of the hotel. In contrast, apartments are usually cheaper because they don't have the operating costs of hotels.

2. Apartments usually provide long-term rental options, while hotels mainly cater to short-term accommodation needs. Long-term lease can bring more rent stability and flexibility, so the price of apartments is more competitive.