Traditional Culture Encyclopedia - Hotel accommodation - What caused the change of hotel product supply?

What caused the change of hotel product supply?

Changes in market demand and production costs.

1. Changes in market demand: Changes in market demand are one of the main factors affecting the supply of hotel products. With the increase of market demand, hotels will increase product supply to meet market demand.

2. Changes in production costs: Changes in production costs will also affect the supply of hotel products. With the increase of production costs, hotels will reduce the supply of products to reduce costs.