Author(s)

Kunli Xiao ¹

Affiliation(s)

¹ Sichuan Institute of Industrial Technology, Deyang, Sichuan, 618000, China

Corresponding Author

Kunli Xiao

ABSTRACT

Budget hotels have been essential to the rapidly expanding business and tourism industry. Budget hotels often have low rates, offer minimal lodging services, and have few facilities. This type of hotel focuses on accessibility, efficacy, and scale effects. The long-term sustainable development of budget hotels is closely tied to cost control, which is the foundation for ensuring the operational profitability and competitive advantage of budget hotels. Reasonable cost control can improve the competitiveness of budget hotel costs and help them achieve a larger market share. At the same time, it contributes to the improvement of budget hotel operational efficiency and quality management. This paper introduces the concept of budget hotel cost control; aims to present the problems of budget hotel cost control through the internal and external environment analysis method, and presents corresponding coping strategies; and introduces the balanced scorecard management model, which provides practical theoretical guidance for hotel operators.

KEYWORDS

Budget hotel; cost control; Analysis method; The balanced scorecard management

CITE THIS PAPER

Kunli Xiao, Research on Cost Management and Control in China's Budget Hotels. Tourism Management and Technology Economy (2023) Vol. 6: 60-67. DOI: http://dx.doi.org/10.23977/tmte.2023.060410.

REFERENCES

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