Name the five major events that happened between 2001-2004 that affected the demand in the lodging...

Name the five major events that happened between 2001-2004 that affected the demand in the lodging industry. How did they affect demand?

Solutions

Expert Solution

A) Increase in population: With the increase in population there was also a demand for the need of more spaces to fit in the housing demand. It therefore needed more rooms to fit more people. Therefore, with this there was increase in demand in the lodging industry.

B) Travel business: During this period travelling became a sport and this increased a need for the people to stay at safe and clean places, which boosted the lodging business.

C)Tourism : Tourism in various countries was seen as a rising industry and brought great profits. In order to satisfy the need of the tourism industry it was necessary to increase places to stay.

D) Easy loans : The housing bubble that started in the US market led to increase in lodges like motels built with easy loans. The people could not afford houses at cheaper rates.

This indeed boosted the demand of the lodging industry, more than what it was initially. This resulted in to profitable chains of hotel businesses.

Rahul Sunny answered 10 months ago

Next > < Previous

Related Solutions

Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004. In...

Mattel (U.S.) achieved significant sales growth in its major international regions between 2001 and 2004. In its filings with the United States Security and Exchange Commission (SEC), it reported both the amount of regional sales and the percentage change in those sales resulting from exchange rate changes. Mattel's Global Sales 2001 2002 2003 2004 Sales (000) Sales (000) Sales (000) Sales (000) Europe $936,022 $1,124,887 $1,361,823 $1,415,367 Latin America 462,868 457,233 468,153 533,251 Canada 163,332 163,459 179,525 197,670 Asia...

1. Name the five determinants of demand (also called “demand-shifters”). 2. Name the five determinants of...

1. Name the five determinants of demand (also called “demand-shifters”). 2. Name the five determinants of supply (also called “supply-shifters”).

A2. Imagine that the following events occurred in the period between 2004 and 2008.  EU...

A2. Imagine that the following events occurred in the period between 2004 and 2008.  EU adopted new trade restrictions (such as higher tariffs) on Chinese products and reduced the annual rate of growth of their money supply from 5% to 3%.  Over the same period of time, Chinese trade policies and the Chinese monetary supply remained stable. Consider these changes in a long run framework with flexible prices (i.e. PPP based theories with the real exchange rate extension...

The following conversation happened between a consultant hired by a major partner to investigate the financial...

The following conversation happened between a consultant hired by a major partner to investigate the financial matter of the music cafe that was started by him and his partner as a 65% and 35% shared venture respectively. The major partner after suffering a huge loss, is determined to take out his share or put limits on the place’s operations. However, the minor partner wants to convince him to keep the operations as they were and not close the partnership. Analyze...

QUESTION NO. 3 The following conversation happened between a consultant hired by a major partner to...

QUESTION NO. 3 The following conversation happened between a consultant hired by a major partner to investigate the financial matter of the music cafe that was started by him and his partner as a 65% and 35% shared venture respectively. The major partner after suffering a huge loss, is determined to take out his share or put limits on the place’s operations. However, the minor partner wants to convince him to keep the operations as they were and not close...

Consider the market for minivans. For each of the events listed below, identify which of the determinants of demand or supply are affected.

Consider the market for minivans. For each of the events listed below, identify which of the determinants of demand or supply are affected. Also indicate whether demand or supply is increased or decreased. Then show the effect on the price and quantity of minivans.a. People decide to have more children.b. A strike by steelworkers raises steel prices.c. Engineers develop new automated machinery for the production of minivans.d. The price of SUVs rises.e. A stock market crash lowers people’s wealth.

Please name five of the major groups of antineoplastic agents and give a detailed description of...

Please name five of the major groups of antineoplastic agents and give a detailed description of each, including at least one example of a specific medication in each group. Please include both the generic and trade name, along with mechanism of action (what does it do within the body), side effects and interactions.

Describe the major differences between the stomach wall and the wall of the esophagus. Name the...

Describe the major differences between the stomach wall and the wall of the esophagus. Name the various cellular components in the formed elements and provide at least one feature for each of them.

Name and explain two sleep disorders. List the five major categories of psychoactive drugs and give...

Name and explain two sleep disorders. List the five major categories of psychoactive drugs and give an example of each. How does physical drug dependence differ from psychological drug dependence? Thought question: There has been a tremendous increase in the U.S. in the use of opioids over the past decade to the point where it has now become a national crisis. List and briefly explain at least two factors that may have contributed to this increase.

350- to 700-word analysis assessing how 1 of the following major economic events influenced supply, demand,...

350- to 700-word analysis assessing how 1 of the following major economic events influenced supply, demand, and economic equilibrium in the US economic activity: • Rapid price increases, such as caused by the 1973 oil embargo or the aftermath of a major hurricane

Subjects