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Insights into the Hospitality Industry and Business Challenges
Exploring the current state of the hotel business in comparison to the airline industry, focusing on regional demand trends and international market growth. The discussion addresses factors like the strength of the dollar driving outbound US travel and the importance of luxury and value-based customers. Additionally, the chapter delves into immigration policies' impact on labor markets, wage inflation, debt market challenges for new projects, and the cyclical nature of the real estate sector.