Quote:
Originally Posted by panado
there's a news story circulating around in WeChat. Simply put, none of the hotels in CP are making money, all losing money.
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Chang Ping has always had the cheapest hotel rates around, now cheaper still; and the reason is that it's the Chinese hotel model gone to its extremes.
Many Chinese hotels are more than satisfied when their hotel room rates just break even, as the big profit is from the Ktv, sauna, footsy etc operations.
Even the ones that the owners have contracted out to western hotel chains to run properly - many also have a separate nearby building (at least a separate entrance) housing these very lucrative operations that they run themselves.
The rest are budget hotels or.... Shuttered ones!! Jk!
SEAJ