Reasons for the formation of other payables in hotels

The increase of external credit, raw materials and labor costs of enterprises. The competition in the hotel industry is fierce. In order to attract customers, influenced by long-term payment habits, people always eat first and then consume. However, hotels need to pay raw materials and labor costs in advance, and the payment cycle of intermediate customers is slightly slow, which will lead to the inability to make ends meet and the accounts payable will not be collected.