Tuesday, October 9, 2012

Special Blog post- Argument

In this article, they are talking about the downward or upward turn out of the recession impact on the hotel business. this reflects the hospitality/business aspect of my field. In this argument. In this scholarly article they are stating that there is a downward turn out during a recession, but there is a profit cushion to must hotel management corporations. This will cause the effects of the recession to impact each hotel differently depending on the guests, and the company themselves. The company must reform and be able to change depending on the recession and the environment that they are in. The article implies that the older more unchangeable hotels, will suffer a great lose a recession, but the newer hotels will not. The argument that covers these statements is these statements true or false. When taken into the account of my knowledge in these fields. I would have to assume that the hotel and businesses will be cushioned by their previous profit, but will have to change and adapt to the recession to be able to survive. if they do not, they will not be so happy. The person that wrote this article states along the same lines, and i do agree with him.


Works Cited

John, B. Corgel. "Focus on Hospitality Issues: A Different Kind of Pain & Gain for Hotel Investors during this Cycle." Real Estate Issues 26.2 (2001): 56-8. ABI/INFORM Complete. Web. 9 Oct. 2012.

1 comment:

  1. I think that what happens to any hotel depends on how bad the recession gets. At this point, the newer hotels will most likely be okay, but if things get much worse for America, I don't think as many people will be traveling and staying in hotels.
    Do you think if the hotel business is really bad, it will affect you if you own your own business?

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