Reasons for the closure of Shanghai Baoyan Hotel

This hotel is closed for the following reasons:

1, unable to continue operation due to poor management or financial problems.

2. Due to fierce market competition, the number of tourists decreased, and the hotel was unable to make a profit, so it chose to close.

3. If the hotel facilities are outdated and the service quality declines for a long time, it will also affect the customer's choice and word-of-mouth communication, leading to the closure of the hotel.

4. The adjustment of government planning and the change of land use rights are also one of the reasons for the closure.