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Topic: Business
Number of pages / Number of words: 4 / 1055
Essay's paper body

The budget market is predicted to grow by 38% by 2012, meaning the annual turnover for budget hotels increasing from ?1billion 2006 to ?1.5 billion 2012

Possible contingencies scenarios With new financial regulations including increases in carbon-neutral legislation and increased planning controls, rising land costs, and limited availability of development sites, budget hotels may struggle to keep prices down

Likely consequences Prices go up and occupancy rates drop

Degree of risk High; the legislation has already been passed and it is now only a matter of time to see how the industry is affected...


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The budget market is predicted to grow by 38% by 2012, meaning the annual turnover for budget hotels increasing from ?1billion 2006 to ?1.5 billion 2012

Possible contingencies scenarios With new financial regulations including increases in carbon-neutral legislation and increased planning controls, rising land costs, and limited availability of development sites, budget hotels may struggle to keep prices down

Likely consequences Prices go up and occupancy rates drop

Degree of risk High; the legislation has already been passed and it is now only a matter of time to see how the industry is affected...


Essay fragment

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