Financial crisis on China's economy a negative impact on hotels and Countermeasures
Abstract:In recent years, with the continuous development of China's tourism industry, economic-type hotel size and growing influence. However, due to the current global financial crisis intensified, and its impact on the real economy more and more obvious, therefore, the economic development of the hotel have also been affected to a certain extent.
This article discusses the financial crisis in the economic development of the hotel based on the combination of financial crisis and economic theory hotels, a detailed analysis of China's economic-type hotel in the current state of problems: demand reduction; the cost of increased ; customers a reduction in the level of consumption; corporate finance become difficult. And the corresponding coping strategies: the development of new source markets; difference operation; cost leadership; cultivating repeat; the strengthening of sector management.