Traditional Culture Encyclopedia - Hotel reservation - Do you make money by opening a hotel?

Do you make money by opening a hotel?

Opening a hotel to make money, especially the kind of express hotel that lasts for an hour, is especially profitable. Although the upfront cost will be higher, we have to pay the store expenses and some renovation expenses of the hotel, but opening a hotel is still very profitable. Hotels are industries with high investment and slow recovery cycle. Hotels not only have the cost of initial investment, property and other material inputs, but also the cost of decoration time. If you join the Hanting Hotel, it usually takes several years to return to your capital. Therefore, the hotel adheres to the business philosophy of "people-oriented, guests first" and provides comfortable, warm and convenient services.