News - 11th Sep 2007Are Full Hotels desirable or beneficial to the Tourist Industry?
The immediate response to the question of whether 100% occupancy is desirable would probably be an unequivocal ‘yes’ from both Tourism authorities and Hoteliers. Examined in a little more depth and the answer is not such a reassuring positive. In cities like London high occupancy rates have three effects:
• They increase hotel profitability • They stimulate new investment in the market, with new openings both compensating for substandard hotels leaving the market and moderating prices by making more rooms available • They deter visitors with stories of ‘rip off rates’ and the expense of visits.
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