Reasons for the collapse of apartment hotels

Decision-making mistakes, lack of overall management awareness, etc.

The collapse of apartment hotels may be caused by mistakes in leadership decision-making, amateurs' decision-making or insufficient market research. Hotel decision-making includes decisions on market, price, talents, advertising and finance. When making major decisions, hotels should carefully weigh the pros and cons, or hire consultants or consult experts.

The reason for the collapse of apartment hotels may also be due to the lack of overall management awareness. Operators are short-sighted and have serious short-term behavior. They only look at the vulgar ideas of short-term small producers, never miss any profit opportunities, and even deceive customers. This business philosophy will only lead the enterprise to the end of the road.