Question

What elements affect supply and demand of a hotel?

Answer 1

Having considered the external factors that can affect demand in the hospitality industry within a country or place; let us look into the INTERNAL FACTORS

Supply and Demand in Tourism. ... of Tourism Demand: 17. Elasticity Supply of some tourism facilities (eg accommodation) is 'inelastic'….ie limited or restricted.

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Answer 2

Explanation:

Many factors will influence HR demand: demographic statistics, policies, economic situation, technologies, skills, law, social culture, competition, sales forecast, budgets, organizational strategy, and labor forces (Byars and Rue, 2000), which range from the national level to the level of a specific organization.