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Inflation is hitting and it’s hitting hard. Apart from the retail industry relatively, almost all other industries are suffering dearly in the face of the global inflation and recession, more so the US economy. The US hospitality industry is suffering loses in three key parameters in the financial year 2008-09 as compared to the previous year. As per STR the industry’s revenue fell 13.2% per available room as compared to that of 2007. The occupancy rate also fell 11.6 % and the average daily rate dropped 1.7%. Interestingly the budget hotels in the countries like India are not suffering to this extent, as these hotels also fulfill the business parameters and business is only growing in India, thanks to industrialization and foreign investment. As for example, the rising number of business hotels in Bangalore the IT capital of India shows that the business or the budget sector of the industry is not suffering that much. The Bangalore hotels also have a certain advantage owing to the climate conditions and growing business.
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