Traditional Culture Encyclopedia - Hotel franchise - What does a private hotel mean?

What does a private hotel mean?

Privatization refers to all non-public enterprises. Except for "state-owned" and "state holding", other types of enterprises are private enterprises as long as they have no state-owned capital. This word is very common in Chinese mainland and Taiwan Province province.

In fact, most private enterprises in People's Republic of China (PRC) today are private enterprises. Because traditional capitalism opposes private ownership, the governments of People's Republic of China (PRC) and China named it "private enterprise". However, there is no concept of "private enterprise" in People's Republic of China (PRC)'s laws, and "private enterprise" only came into being in the process of China's economic system reform.

A hotel is a building or place for the public to prepare accommodation, food and services. Generally speaking, it is a place for guests to stay and eat. Specifically, a hotel is an organization that provides services to its guests through the sale of rooms, restaurants and comprehensive service facilities, taking its buildings as evidence, so as to obtain economic benefits.