Describe and analyze four significant risks facing the hotel industry. The risks can relate to operational, market, economic or any other risks.
Describe and analyze four significant risks facing the hotel industry. The risks can relate to operational, market, economic or any other risks.
The Covid-19 emergency has radically changed the hotel industry and their pricing strategies. Homegrown and global travel limitations have implied that the management of the profits now have to be optimized according to the demand in the market.
Indeed, even with limitations lifted, buyer may still be not enough confident. In view of this, diversifying the services is perhaps the most powerful recuperation system. By identifying new marketing channels, new inn valuing procedures and new strategies like Google Hotel Ads, hotels can extend their reach and improve your profit edges.
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