Why do hotels increase prices on Double Eleven?

Supply exceeds demand and hotel resources are tight.

1. Supply exceeds demand: During Double Eleven, hotel resources around various tourist attractions and popular destinations are often tight, and insufficient supply has also become an important reason for hotel price increases.

2. Hotel resources are tight: The Double Eleven period is a time when demand in the tourism market is concentrated. The number of tourists surges and the demand for accommodation also increases rapidly. In order to cope with the shortage of supply, hotels often adjust the market by raising prices. demand to achieve higher profits.