How does recession affect hospitality industry?
How does recession affect hospitality industry? How do recessions affect the hotel industry? Recessions generally lead to a reduction in travel and tourism, and past economic downturns have inevitably resulted in many negative impacts to the lodging and tourism industries.
Who benefits from a recession?
Higher interest rates that often coincide with the early stages of a recession provide an advantage to savers, while lower interest rates moving out of a recession can benefit homebuyers. Investors may be able to find bargains on assets that have decreased in price during a recession.