Influence of hotel occupancy rate on catering

On the one hand, the low vacancy rate and occupancy rate reflect the hotness of the hotel market, on the other hand, it also shows people the strong demand for hotel real estate, which seriously distorts the market and must be managed with great efforts. It inhibits the reasonable housing demand of vulnerable groups and creates the illusion that the supply of hotel housing is in short supply. A lot of hot money has been invested in hotel housing construction, which has brought too many bubbles to the market. The low occupancy rate also brings difficulties to property management. Property companies charge owners who have not checked in, which will get twice the result with half the effort and affect the improvement of management quality.

Hotel occupancy rate refers to the percentage of the total number of rooms actually rented divided by the total number of rooms. In addition, you can learn more about the concept of rate of return. It will help you better understand their concepts, relationships and practical management functions.