If you worked at a hotel industry..

What would you identify the market structure (perfect competition, monopoly, oligopoly, and monopolistic competition) the hotel industry and how does it reflects and report the market share by all firms within the market. In addition, what other recent changes in market concentration and profitability in the hotel industry.

• Provide a forecast of the hotel industry over the next five years based on information gained from your research project initiative.

Answer rating: 100% (QA)

In the hotel industry the market structure can be best described as monopolistic competition This is because there are many hotels competing in the ma... View the full answer