Traditional Culture Encyclopedia - Hotel accommodation - Reasons for low hotel price execution rate
Reasons for low hotel price execution rate
The reason is that the hotel’s revenue is not good.
Price execution rate = monthly average overnight price/basic price The value depends on the hotel situation, the higher the better.
Since China’s central and western regions have relatively rich tourism resources, and at the same time, the country has successively introduced a series of measures to develop the central and western regions, some hotel investments will likely shift from the eastern and southern regions to the central and western regions. With the further development of the economy in the central and western regions and the further development of tourism resources, the hotel industry in the central and western regions will further develop and become the new and most promising growth area for China's hotel industry.
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