Why are Beijing hotels more expensive than Tokyo?

The demand is large, the house price is tight and the supply is small.

1, the demand is large. Beijing is a tourist attraction, and a large number of tourists visit it every year. They also have a great demand for accommodation, and the supply of hotels can't meet such a great demand. So the price of the hotel will be pushed up.

2. House prices are tight. Due to the rapid development of Beijing's economy, people's income level is constantly improving, but house prices are constantly rising. The cost of accommodation in Beijing will also increase, and the price of hotels as the main choice of accommodation will also increase.

The supply is very small. Although there are many hotels in Beijing, the supply of hotels still can't keep up with the market demand. Coupled with government restrictions, the supply of hotels is particularly small, resulting in higher hotel prices.