The Effect of Economic Recession on Hotel Performance and Guest Patronage

Evelyn Jones 42 PAGES (10919 WORDS) Project
Subscribe to access this work and thousands more

Nigeria’s hotel industry performance was influenced   by the country’s economic recession during the third quarter of 2016 and a sour NGN/USD exchange rate. In an attempt to lessen the consequences of the devaluation of the Naira, hotel operators cannot increase the price of rooms in Naira to repay for the loss in value against the dollar, meaning the all-important foreign currency earnings are no longer supporting the industry.  Other problems  experienced by the industry include expensive but erratic power supply, a steadily increasing number of hotels entering the market, lack of grading standards and inadequate hospitality skills. 

ONLY THREE CHAPTERS AVAILABLE

REFERENCES AND QUESTIONNAIRES AVAILABLE TOO


Subscribe to access this work and thousands more
Overall Rating

0

5 Star
(0)
4 Star
(0)
3 Star
(0)
2 Star
(0)
1 Star
(0)
APA

Evelyn, J (2019). The Effect of Economic Recession on Hotel Performance and Guest Patronage. Afribary.com: Retrieved December 11, 2019, from https://afribary.com/works/the-effect-of-economic-recession-on-hotel-performance-and-guest-patronage

MLA 8th

Jones, Evelyn. "The Effect of Economic Recession on Hotel Performance and Guest Patronage" Afribary.com. Afribary.com, 12 Nov. 2019, https://afribary.com/works/the-effect-of-economic-recession-on-hotel-performance-and-guest-patronage . Accessed 11 Dec. 2019.

MLA7

Jones, Evelyn. "The Effect of Economic Recession on Hotel Performance and Guest Patronage". Afribary.com, Afribary.com, 12 Nov. 2019. Web. 11 Dec. 2019. < https://afribary.com/works/the-effect-of-economic-recession-on-hotel-performance-and-guest-patronage >.

Chicago

Jones, Evelyn. "The Effect of Economic Recession on Hotel Performance and Guest Patronage" Afribary.com (2019). Accessed December 11, 2019. https://afribary.com/works/the-effect-of-economic-recession-on-hotel-performance-and-guest-patronage