will the hotel industry ever see a recession period?

Answer 1

"Ever" is a hypothetical term. Did you mean in Indian context or in global scenario? In both context presently its having an upswing Nationally & globally. But as per conventional economic syndrome of every industry there always shall be a boom & dip alternately even in hotel industry. As far as Indian hotel industry is concerned, we never had it so good and in all probablity shall sustain this boom for another decade or so unless force majure clauses enforced on us.

Answer 2

Yes.
The tourism industry as we all know is one of the chief feeders to the hotel indutry in every pasrt of the globe. Any recession in the tourism industry due to Terrorism, Natural Disasters, Improper management by local government, Lack of promotional Activities, Lack of personal safety for tourists, all this will have a direct and powerful impact on the hotel industry. And we have seen this happening in the past with events like the 9/11, the tsunami and the eternal conflicts in one of the most beautiful countries in the World like Srilanka.

Answer 3

Hotel industries all have a recession period. depends on the place, and the time.

Whether there's a special event going on, or something to attract visitors.

During the "dry" times is when the hotels offer great deals to keep customers coming.

Answer 4

Yes if transportation ever takes a big hit. If there was a very large scale disaster or epidemic, obviously people would not travel and would thus stay at home. This, obviously, leaves very little business for hotels. Or if someday we can teleport from place to place, hotels will become obsolete. You could spend the day in Tahiti and be back home to sleep in your own bed in the wink of an eye.

Answer 5

They did right after 9/11. But overall, the hotel industry is still in an upward trend cause travelling is getting more common and accessible to everyone.

Answer 6

Every industry eventually goes through a recession, so the answer is yes.

Answer 7

If you start seeing great deals on hotel rooms and vacation packages, they are probably experiencing a recession.

Answer 8

Sure. In a tough economy, travel and eating out aresome of the first luxuries to go. If travel is a neciessity in hard time, you can expect fewer bookings for luxuries like afternoon tea, spa treatments, upgrade room rentals, and shop sales.

Answer 9

In 1994, I flew to flow to a pal in Southern California. Her boyfriend on the time grew to become into no longer prepared on travellers, and the only place everywhere close to her i might desire to locate the money for to stay grew to become into this truck end off I-5 that had actual no longer something different than 2 inns (one among which grew to become into inn 6) and a Denny's, someplace around Barstow/Victorville. no longer the rest yet barren region for miles, and that i had no motor vehicle to flow everywhere. I stayed on the only that wasn't inn 6 reason it grew to become into extra low-fee (do no longer even remember the call of the situation anymore, yet I remember the journey). besides there being fleas interior the carpet and on the curtains and the bedsheets being stained, the only 2 television stations that had any reception in any respect have been the close by information broadcast station (or maybe that grew to become into fuzzy) and the inn-owned **** channel (which got here in sparkling needless to say yet have been given truly boring after the 1st hour or so). I remember the telephone rang early my first morning, inspite of the undeniable fact that it grew to become into no longer my chum...it grew to become into some random guy offering me oral intercourse. It grew to become into torture having to stay there 3 days with actual no longer something to do different than study the books i might fortunately introduced alongside...I basically have been given to work out my chum approximately an hour out of on a daily basis (returned, as through her overbearing boyfriend). i could no longer ever depart the room for extremely long because of the fact it grew to become into unbearably warm outdoors and that i might stupidly forgotten the two my suit and my sunscreen (thank god the situation a minimum of had aircon!) and ended up going abode with a number of flea bites. Ick. Oh, and between the nights a coyote certainly ventured as much as my window and scratched on the glass, scaring me to dying. i wouldn't in any respect been happier to get out of a place in my existence.

Answer 10

Your question seems irrelevant in the today's scenario where our economy is on a boom and every activity is progressing with leaps and bounds. Higher the Agri./Ind. activity, higher the chances of investment, higher the chances of tourism in a state. Enjoy, man.