What is the biggest feature of the business model of Home Inn's low-price policy?

Home Inn's low-cost policy can best reflect the "low cost" characteristics of its business model. Home Inn's business model is based on the management model of "low cost, high efficiency and informationization". With the characteristics of standardization, standardization and informatization of management, the operating cost of the hotel is controlled at a relatively low level. Among them, the low price policy is one of the important strategies for home inns to achieve low cost. By reducing the selling price of each room, we can improve the turnover rate of rooms, reduce the vacancy rate and maximize the income. At the same time, Home Inns still maintain a certain level in hardware facilities and service quality, so that consumers can enjoy a better accommodation experience at a relatively low price, thus gaining customers' reputation and loyalty. In a word, Home Inns achieved price advantage and excellent service through low-cost business model, which not only expanded market share, but also effectively reduced costs and improved economic benefits.