Companies in the hospitality industry offer accommodations for travelers. Resorts, hotels, motels, and bed and breakfast inns are in this category. The hospitality sector also includes recreational vehicle (RV) parks and recreational camps. Key economic indicators affecting hospitality-related businesses include travelers’ personal income, employment levels, and corporate profits. When consumer confidence surges, travel frequency increases for business and leisure travelers. Hospitality providers benefit in favorable economic times.
Long Term Incumbent Provider Puts New Technology to Work
Lower food costs improve margins in highly competitive industry
Savings invested in training and marketing to help grow business