Traditional Culture Encyclopedia - Hotel accommodation - Why does the Price Bureau ignore hotel prices?

Why does the Price Bureau ignore hotel prices?

The main reason why the Price Bureau does not care about hotel prices is that hotels have independent pricing power. In most cases, hotel prices are determined by market supply and demand, competition, consumer expectations and other factors. As the government's administrative agency responsible for price work, the Price Bureau's main responsibilities are to formulate price policies, supervise the implementation of price policies, maintain fair competition, and prevent market manipulation.

However, if the hotel commits price violations, such as price fraud, price gouging, etc., the Price Bureau will supervise and punish the hotel. Therefore, the fact that the Price Bureau does not care about hotel prices does not mean that hotels can set prices at will, but that they need to abide by market rules and price policies.