Traditional Culture Encyclopedia - Hotel accommodation - Reasons for the closure of Xiamen Prince Hotel
Reasons for the closure of Xiamen Prince Hotel
The hotel was closed due to poor management and financial problems.
1. Poor management: Due to fierce market competition, improper business strategy and poor service quality, the hotel cannot maintain normal operation due to poor management.
2. Capital: Hotel operation needs a lot of capital investment, including staff salaries, equipment maintenance, marketing and so on. If there is a problem in the hotel's capital chain and it cannot meet the daily operation needs, it will lead to the hotel's closure.
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