Buy custom Industry Analysis - Hotels, Motels, and other Lodging Places
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These firms have learned from these experiences and by testing different strategies and they know what works best for them.
? Are high rates of capacity utilization important for profitability
Answer:
? What are the historical levels of profitability?
Answer: The industry saw strong economic growth late in the 1980's and then in the early 90's until 1995 the economy went into a recession and the industry was not profitable...
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In 1995 the economy reached a stable point so the industries profits were some what at a medium. The industry's overall profitability increased by 15.5 million dollars from the mid 90's until 2000.
? Are there segments within the industry?
Answer: Yes
? If so, what are they, and how does their presence affect firms, strategies, competition, and levels of profitability within each segment?
Answer: Business segment, extended stay segment, luxury hotels, luxury resorts, select service market, and mid-market segment...
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