Why do hotels fail?

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Claud Jacobs asked a question: Why do hotels fail?
Asked By: Claud Jacobs
Date created: Tue, Jun 22, 2021 9:29 AM
Date updated: Fri, Jul 1, 2022 2:05 AM

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Top best answers to the question «Why do hotels fail»

Hotels tend to lose value when they are subject to competition from newer and better equipped properties. This competition is most inclined to contribute to failure in markets that are easily open to entry by new development. Typically, a new hotel does well and reaches a good stabilized occupancy.

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