Will the hotel reduce the price at the end of August?

Yes According to the query, Sina Finance Network shows that.

1. As of the afternoon of August 7, 2023, Zhu Hua Group, the parent company of Hanting Hotel, replied to the reporter that the tourism market was recovering rapidly after the outbreak, but the supply recovery speed of the hotel industry was not completely synchronized. The mismatch between supply and demand has also led to obvious price fluctuations in some popular areas.

2. The reporter found on the platforms of public comment and Ctrip that the price of Hanting and other hotels in Beijing's core business district is close to 1,000 yuan or more. According to the price of Ctrip APP on August 3, the price of Hanting Hotel Beijing Tiananmen Square Store in mid-August was as high as 893 yuan a night, and the price of Home Inn Beijing Qianmen Subway Station Beijing Square Store in August was as high as 947 yuan a night.

3. It is expected that the price will drop significantly at the end of August. Regarding hotel prices in summer, Zhao Huanyan, chief knowledge officer of Huamei Hotel Consulting Agency, said that concentrated tourism in summer has greatly changed the relationship between supply and demand of some popular tourist destination hotels, and pushed up house prices in the case of short supply. Such high housing prices are temporary and unsustainable, and too outrageous housing prices will in turn affect the healthy development of local tourism. Therefore, the high price of budget hotels with limited services is not a trend and unsustainable. Hotel prices will still fluctuate according to the relationship between supply and demand, and it is expected to drop sharply by the end of August.