Why is the Prince Hotel closed?

Market competition and backward management.

1. Market competition is intensifying. With the rapid development of the hotel industry in the Pearl River Delta region, the market competition is becoming increasingly fierce. Prince Hotel is facing the competitive pressure from famous hotels at home and abroad, and its market share is gradually shrinking.

2. The management mode is backward. With the continuous expansion of hotel scale, the management mode of Prince Hotel gradually lags behind the times. The disadvantages of the family management model are gradually emerging, which affects the innovation and development of hotels.