How to determine the price of a new hotel?

First of all, determine your customer base, that is, the main customers you are targeting, and just aim at these people at the most favorable price. Everything else is secondary, and the price can refer to others. As your standard is 3 stars, it is suggested that the ordinary standard room price is 148 and the high-end standard room price is 168. For reference only. Mainly aimed at the local consumption level and tourists' spending power.