Why did Pingyu Xuhai Yingbin Hotel close down?

Business difficulties, damaged or aging facilities, changes in location or market conditions.

1. Operating difficulties: The operation of Pingyu Xuhai Hotel is facing many challenges such as rising operating costs and fierce market competition. For example, poor hotel management leads to a decline in profits, and ultimately it is impossible to maintain operations.

2. Damage or aging of facilities: The aging or damage of hotel facilities and equipment requires a lot of maintenance and renewal investment. If the hotel can't afford these costs, it will choose to close down.

3. Changes in location or market conditions: The geographical location and market demand of the hotel are the key factors that determine its operating conditions. If there are not enough tourists around the hotel or the market demand decreases, the hotel will choose to close down.