Traditional Culture Encyclopedia - Hotel accommodation - How long will it take for the 20 million four-star hotel to return to its original position?
How long will it take for the 20 million four-star hotel to return to its original position?
Four years.
The hotel's rate of return is related to the hotel's operation and the choice of location. The annual return rate of four-star hotels is around 25%, which means it will take four years to return to the original. If the hotel has a good location, mature market environment, excellent hotel management and excellent operation team or operation scheme, the investment return period can be shortened to 2-3 years.
Star rating is one of the most commonly used evaluation methods in the world, and it is most commonly used in the quality evaluation of hotels and restaurants. Many goods or services adopt star rating methods.
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