Difficulties for Small Hotels To Survive in Intensely Competitive Hospitality Industry
Surviving in the hotel industry as a small, inexperienced hotel without a significant budget can be particularly challenging. Several factors contribute to the difficulties small hotels may face: Intense Competition: Market Saturation: In many locations, the hotel industry can be oversaturated, leading to intense competition. Large hotel chains and established brands may dominate the market, making it challenging for small […]