Traditional Culture Encyclopedia - Hotel franchise - Prices are soaring now, but the competition in the hotel industry is fierce and profits are decreasing. Excuse me, what factors must a hotel have to increase its price?

Prices are soaring now, but the competition in the hotel industry is fierce and profits are decreasing. Excuse me, what factors must a hotel have to increase its price?

1. cost level

2. Supply and demand

3. Competitor's price

4. The geographical location of the hotel

5. seasonality of tourism

6. Hotel service quality

7. Price policies of relevant departments and organizations

8. Consumer psychology of guests