Traditional Culture Encyclopedia - Hotel accommodation - Will the house price affect the hotel performance?

Will the house price affect the hotel performance?

Yes House price will affect hotel room pricing, and room pricing will also affect average house price (ADR) and room occupancy rate (OCC), both of which are important factors to measure hotel revenue. House prices will also affect the hotel's target tourist market. Different tourism markets have different demands and consumption levels. Hotels need to adjust their business strategies and revenue management according to market changes, and house prices will affect hotel performance.