Qin Ji hesitated for a mont before frowning and saying, "I believe the failure in managent isn’t due to the hostay’s positioning, but rather the pricing discrepancies for the rooms are too large, which limits custor choices and leads to a loss of clientele."
His words instantly quieted the atmosphere around him, and everyone’s gaze fixed on him.
Gu Wenbai also glanced up at him, a hint of disdain in his eyes.
"Oh?" He curled his lips coldly, sarcastically saying, "So, Brother from the Qin Family... any brilliant insights?"
Qin Ji t his gaze, neither humble nor overbearing, and calmly analyzed:
"These few hostays all have decent environnts, but the room prices are pulled too far apart.
The pricing for a standard room is cheap, with the lowest at only 190 per night. anwhile, the best room can cost over 1000 yuan.
In the sa hostay, with such a large gap, naturally, tourists won’t opt for the expensive 1000 yuan-a-night room when they have the lowest price option.
As a result, the clientele for high-end rooms never increases, affecting sales."
"Therefore, what we need to do is balance the pricing, not raise the hostay’s level and change its positioning."
Sun Chaohua and others imdiately understood upon hearing this.
No wonder he felt strange about the room prices yesterday but couldn’t pinpoint the issue.
If it were him traveling, within the sa hostay, with a 190 yuan standard room available, he wouldn’t consider a room over 1000 yuan.
Even if there were no rooms available, he’d be willing to wait.
After all, when traveling, one is there for the landscape views, not the room view."
Gu Wenbai’s face darkened hearing this, as it was the first ti he’d been so utterly rejected at the conference table.
"So, you an to say you disagree with my viewpoint and refuse to change?"
His tone was sharp, filled with obvious displeasure.
Qin Ji pressed his lips together, yet his voice remained calm.
"It’s not about disagreeing; it’s about necessity." He analyzed, "The local residents and tourists are all average people, if the prices are set too high, it will directly exclude 2/3 of the potential custors, which is not favorable for sales."
"That’s because your vision isn’t high or long-term enough." Gu Wenbai spoke up directly, mockingly cold, "I aim to change the hostay’s class to attract more premium tourists. Only these tourists can bring stable and quality earnings to the hostays.
And since the hostay has fewer rooms and low profitability, a single night’s profit on a luxury room makes up for several nights in a standard room.
This business model is better suited for the hostay’s positioning. A budget positioning would only lower the class and sales of the hostay."
"I see what Brother Gu ans, using high prices to make up for sales, makes sense, as hostay rooms are few, this is the only way to make a profit."
"Mr. Gu is indeed the right person for the managent, analyzing everything thoroughly, and he manages several upscale hotels in the country! This is indeed his area of expertise."
"??? So, only wealthy people are considered quality custors, and there’s absolutely no consideration for average clientele?"
Qin Ji furrowed his brows, thinking that perhaps this was what the hostay’s original owner thought too.
That’s why such an outrageous price was set.
After hesitating for a mont, he asked rhetorically, "I wonder if Mr. Gu has considered the local prices, the tourists’ economics, the entrance fees to nearby attractions, or the living experience within these hostays?"
As soon as he said this, Gu Wenbai was at a loss for words, his expression turning even colder.
"I have managed countless hotels and even companies of various sizes; do you think I know the market less than you?" He responded coldly, looking down on Qin Ji, sarcastically saying, "And you, with no enterprise managent experience, from where do you derive the position or courage to refute ?"
"I..."
Qin Ji’s thin lips moved slightly but for a mont, he did not know how to retort.
"Brother Gu has a point, after all, when it cos to hotel and company managent, no one here is more experienced than him, how Qin Family’s brother has the courage to refute him is beyond understanding."
"Hastily stepping up to show himself, and ends up making a fool of himself."
"But Brother Qin’s analysis isn’t wrong! The majority of tourists to the area are average people; checking the data online would make it clear. Building such a high-end hostay is destined to fail?"
"I just checked the reviews for these high-end rooms back; goodness, they’re all bad reviews, considering the room’s poor value for money and not a single returning custor, with only 7% sales for high-tier rooms! No wonder they can’t continue operating."
"Quickly, tell the hotel nas Mr. Gu manages so I know what to avoid/Bye."
The online comnts were in chaos.
The atmosphere at the scene instantly froze, with no one speaking.
Until Gu Zhiling sneered and sarcastically remarked, "Since Mr. Gu is so adamant about his views, why bother asking others for discussions? Wasting each other’s ti?"
"Gu Zhi—" Gu Wenbai’s gaze fixated on her, instantly flaring up.
"Mr. Gu is right, you are a successful person who won at the starting line; how could ordinary people refute you." Gu Zhi interrupted before he could speak, "If that’s the case, let’s rely on our own skills and see if Mr. Gu’s upscale hostay can attract premium clients."
After she finished, she directly eyed Qin Ji and Qin Yuan, "Brother, let’s go back."
The two, hearing her, almost without hesitation, got up alongside her.
Gu Wenbai and Gu Wenfan’s faces darkened visibly, angrily glaring at her, "Gu Zhi, you stand right there."
"And what if I do?" Gu Zhi did stand still but sarcastically said, "Mr. Gu, when you’re out, be sure not to ntion your economics professor, or you’ll make it hard for them to get new students."
Gu Wenbai: "..."
"Hahahahaha, the burn in that statent, Gu Zhi sure knows how to rattle soone!"
"? Brother Gu of the Gu Family graduated with a double degree in Economics and Finance from Harvard, what gives the Qin family the face to refute Brother Gu?"
"As an economics graduate student, I assert that Mr. Gu’s point truly has issues. He hasn’t considered the local market, hasn’t done actual data research, seems he’s too used to high-end hotel models and has forgotten economics can’t be divorced from market and research?"
"Holy! I just found out Brother Qin graduated in Financial Managent from University A and consistently topped their departnt!"
Once this comnt appeared, the live audience was even more stirred, quickly searching Qin Ji’s background and academics.
anwhile, Gu Zhi and the others directly left No.1 Hostay.
Not long after the three of them left, others started coming out one after another.
Han Liheng looked at her with so concern, "Gu Zhi, why did you just start an argunt with them, aren’t you worried about the potential impact...?"
"Afraid of impact while arguing? How absurd."
"..." Well, she’s always been this way with Mr. Gu’s father anyway.
Despite that, Qin Ji was still a bit worried, but he didn’t say anything; he only asked, "Zhi Zhi, what are your thoughts on the pricing?"
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