Why did Holiday Inn zhapo close down?

Holiday Inn zhapo closed down because of poor management.

Bankruptcy is legal bankruptcy, which means that enterprises or shops close down because of losses. High taxes, recession and other reasons led to the closure of the company.

The main reasons for the poor management and decline of enterprises are the unfavorable changes in the overall market demand: intensified competition, high cost structure, insufficient financial control, weak management, failure of large projects, few marketing activities, poor performance and low quality of acquisition business.