Profits and prices: A lodging analysis |
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| Affiliation: | 1. Department of Applied Economics, University of the Balearic Islands, Crta. Valldemossa, km. 7.5, Palma, Balearic Islands 07122, Spain;2. Department of Business Economics, University of the Balearic Islands, Crta. Valldemossa, km. 7.5, Palma, Balearic Islands 07122, Spain;1. School of Business, East China Normal University, China;2. College of Earth and Environmental Sciences, Lanzhou University, China;1. School of Civil Engineering, Southeast University, Nanjing 210096, China;2. Kunshan City Construction Investment & Development Group Co. ltd, Kunshan 215300, China |
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| Abstract: | After three years of lagging prices and revenues, the lodging industry has begun to catch up on profits—thanks mostly to cost cutting. The problem now is that the cost-cutting well has gone dry, and improved profits require improved prices |
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