1. Location: The geographical location of the hotel is one of the important factors affecting the price. Compared with other hotels nearby, Sheraton Hongkou Sanzhi is remote or inconvenient, and the price will be relatively lower. Hotels close to the bustling business district and transportation hub have higher prices.

2. Competition: In Hongkou area, there are many hotels competing with each other, and the lower price is to attract customers and increase the occupancy rate. The fierce competition in the market will lead hotels to adopt different pricing strategies, including reducing prices to compete for market share.