Why are Beijing hotels so expensive now?

The reason why Beijing hotels are expensive now:

1, the demand is large. Beijing is a tourist attraction, and a large number of tourists visit it every year. Their demand for accommodation is also huge, and the supply of hotels can't meet such a big demand. So the price of the hotel will be pushed up.

The supply is very small. Although there are many hotels in Beijing, the supply of hotels still can't keep up with the market demand, and the government's restrictions make the supply of hotels extremely small, resulting in higher hotel prices.

3. House prices are tight. Due to the rapid development of Beijing's economy, people's income level is constantly improving, but house prices are also rising. The cost of accommodation in Beijing will also increase, and the price of hotels as the main choice of accommodation will also increase.