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April 27, 2015

Homework Help: Tourism and Hospitality

Posted by Karina on Tuesday, June 9, 2009 at 3:56pm.

Hotel construction tends to come in waves, resulting in
a) a major increase of capital flowing into the industry
b) excess supply
c) excess demand
d) low interest rates on loans and mortgages
I think the answer is b, excess supply. Because since hotel in under construction,it is either close or not a lot of room available. Which results in low supply. Is this right?

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