Why is the Regent Chongqing so expensive?

The Regent Hotel, owned by Intercontinental Group, is the highest end among them, with three hotels in China (Beijing, Chongqing and Taiwan Province). It is said that the Regent is the newest and best hotel in Chongqing. Located in Jiangbei, Chongqing, the hotel belongs to Chongqing High-tech Financial Zone, with convenient transportation and few quiet tourists around. It's opposite Raffles, Hongyadong, and it has beautiful scenery at night. The style of the hotel is very distinctive, just like Shangri-La, which is all Asian Chinese style. Generally speaking, the charges are relatively high.