Jiangsu homestay operator says even cutting National Day price to 580 yuan brings no bookings

On October 1, Time Finance reported that Zhang Qiang (a pseudonym), a homestay operator at a scenic area in Jiangsu, said that three years ago the best room type could sell for 700–800 yuan a night during the National Day holiday, but now even listing it at 580 yuan still brings no orders; more than 100 homestays cluster in his area, making price competition fierce.