Traditional Culture Encyclopedia - Hotel accommodation - The average hotel price is low.
The average hotel price is low.
1. The decline in the average hotel price is caused by fierce market competition. With the development of the hotel industry, there are more choices of hotels in the market, which leads to intensified competition among hotels and promotes the decline of house prices.
2. With the decrease of destination tourism demand, the hotel occupancy rate will also decrease. In order to attract more guests, the hotel will reduce the price to improve its competitiveness.
3. Economic factors will also affect the average hotel price. When the local economy is depressed or the purchasing power of consumers declines, hotels will adjust their prices to meet the market demand, which will lead to a decline in average prices.
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