The hotel industry characteristically has a ________ barrier to exit.

Name: The hotel industry characteristically has a ________ barrier to exit.
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Question

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The hotel industry typically has a high barrier to exit due to the significant investment in real estate, infrastructure, and the costs associated with terminating staff, selling or repurposing properties, and other contractual obligations. Exiting the market can be financially and logistically challenging.

The Hotel Industry Characteristically Has a ________ Barrier to Exit