Why is the hotel catering price generally rising this year?

First of all, the prices of air tickets, hotels and other commodities are particularly affected by market supply and demand.

A "scalper" told reporters, "This year is the most incomprehensible year since I sold tickets for seven years. There is no music festival without premium, which can be said to be "terrible".

Second, the prices and costs of raw materials for some commodities will naturally increase. Take mineral water as an example. Last year, the international oil price remained high, which made the purchase cost of PET (a plastic material) higher. Coupled with the cost of packaging materials such as cartons, labels and shrink films, the gross profit margin of Nongfu Spring in the first half of 2022 decreased from 60.9% in the same period last year to 59.3%. As the upstream cost increases, the price of bottled water naturally rises.

Third, people with different needs in different regions have different perceptions of prices. People feel that food, clothing, housing and transportation are the main sources of rising prices, and China's CPI consists of eight categories: food, alcohol, tobacco and supplies, clothing, household equipment, medical care, transportation and communication, entertainment, education and culture, and housing. The price of hotel catering industry has increased this year, but the sales of automobiles, electronic products and other commodities are still sluggish. In these aspects, people's current demand potential needs to be further released.