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Excellent points, although what do you mean by #3? My impression was that the hotel industry is subjected to regulation, as opposed to it wielding power. In a
by muzz 13y ago
Excellent points, although what do you mean by #3?
My impression was that the hotel industry is subjected to regulation, as opposed to it wielding power.
In addition to regulation, many states and localities impose significant taxes on hotel stays. For example, the theoretically low-tax Texas has a 6% state hotel tax [1], but localities also levy taxes on top of that, bringing the total to often 15%.
[1] http://www.window.state.tx.us/taxinfo/hotel/ http://www.window.state.tx.us/taxinfo/hotel/
- shpiel 13y agoI assume it meant zoning that limits the number of hotels that can be built in a particular municipality. I also assume he meant to suggest that established players attempt to limit the growth of competition by being in favor of regulation (permits, zoning restrictions, business licenses) that makes it difficult to enter their market.