Question

factors affecting hotel industry

Answer 1

Supply and demand - income, price, weather, substitutes impact on the activities of the hotel group. When negotiating a hotel contract for meeting or convention, some factors are influenced. First, factors that influence room blocks and room rates are based on supply and demand.

Answer 2

 Explain the shortcomings of two market models relevant to the hotel group and show how they can affect the profitability of the hotel. 3b) Explain how these factors of supply and demand - income, price, weather, substitutes impact on the activities of the hotel group.