Hotels often use this strategy when the economy slumps:
A) Price gouging
B) Survival
C) Price hike
D) Price maintenance

Question

Quizplus · Accepted Answer

During economic downturns, hotels may adopt a survival strategy to maintain operations and navigate through periods of reduced demand. This can involve cost-cutting measures, offering special promotions, or adjusting services to retain customers and stay afloat until the economy recovers.

Hotels Often Use This Strategy When the Economy Slumps