Deregulation during the 1980s resulted in fewer and simpler regulations on the economic sectors.What was the overall effect of deregulation on the hospitality industry?

Question

Quizplus · Accepted Answer

Deregulation helped to boost operating efficiency by removing some of the bureaucratic barriers that were hindering growth and innovation in the hospitality industry. This led to increased competition, lower prices, and greater consumer choice. However, there were also some negative impacts of deregulation, such as the loss of certain protections for workers and consumers, and concerns about the environmental impact of increased development and expansion in the industry. Overall, the effect of deregulation on the hospitality industry was mixed, with both positive and negative outcomes.

Deregulation During the 1980s Resulted in Fewer and Simpler Regulations