Traditional Culture Encyclopedia - Hotel accommodation - What are the financial risks of newly opened tourist hotels or other types of hotels? At present, only a part of the business has been opened, and others are being prepared.

What are the financial risks of newly opened tourist hotels or other types of hotels? At present, only a part of the business has been opened, and others are being prepared.

The biggest risk may be budget overruns. Hotel preparation is a whole process, and the design and decoration budget are carried out as a whole. The overall preparation plan of some hotels may ignore other projects or procurement progress because of the consideration of the opening part, and invisibly understand the overall system engineering, such as water system, electricity system or air conditioning system. , will increase unnecessary investment because of the decomposition progress. Personal views are for reference only.