Which of the following would have the greatest potential impact on the hotel?
A)an increase in the population
B)the construction of a new office building housing a new local law firm
C)a major employer leaves the market area
D)an increase in the number of residential building permits

Question

Quizplus · Accepted Answer

A major employer leaving the market area could potentially have the greatest impact on the hotel as it could result in a decrease in business travel and fewer visitors to the area in general, leading to a decrease in demand for hotel rooms. This would likely have a greater impact than increases in population, construction of a new office building, or an increase in residential building permits.

Which of the Following Would Have the Greatest Potential Impact