Relationship between price and value of hotel products

The relationship between the price and value of hotel products is mutual, and the price of products is determined by the value of hotel products. However, they are not necessarily exactly equal. Due to supply and demand, competition and other factors, the market will deviate from the value and fluctuate around it.

Hotel bargaining means that consumers search for hotels suitable for their own requirements by logging in to Yingke.com, and the hotel is responsible for finding the ones suitable for sale from the orders received from Yingke.com, and selling the hotel rooms at the prices set by the consumers, thus reaching a hotel reservation transaction.

There is a principle of the relationship between price and value in economics. That is, the value and use value of the product can be reflected by the price, but the closer the product is to the shelf life, the smaller its use value is. Theoretically, by the end of the shelf life, the use value of the product will become zero. Specifically, in the hotel industry, the closer to the check-in time, the smaller the actual value of the hotel room. Once the room is vacant for more than 24 o'clock in the evening, its use value is zero.

Hotel bargaining model is a new business model based on the above economic principles and reality. This mode allows consumers to search for hotels suitable for their own requirements by logging in to Yingke.com. Hotels are responsible for finding suitable hotels from the orders they received in Yingke.com, selling hotel rooms at the prices set by consumers and how to make hotel reservation transactions.