Traditional Culture Encyclopedia - Hotel accommodation - Briefly describe what is the rule of hotel experience.

Briefly describe what is the rule of hotel experience.

One thousandth pricing method.

Hotel thumb rule, also known as one thousandth pricing method, is a method to set the average house price according to the hotel cost.

The calculation formula is: average house price = total hotel construction cost/number of rooms/1000. The total cost of hotel construction includes land cost, construction cost, facilities and equipment cost and soft cost.