Question: Short Answer Question. Answer briefly using a short paragraph or exhibit as appropriate: 16. This question requires two brief paragraphs: Part A: Describe the cycle

Short Answer Question. Answer briefly using a short paragraph or exhibit as appropriate:

16. This question requires two brief paragraphs:

Part A: Describe the cycle that dictates the economic ups and downs of the hotel industry.

Part B: At what stage of the cycle is the hotel industry currently in? How do you know that?

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