Economics

During an economic downturn, hospitality firms suffer because individuals lose their employment and, as a result, have less money. Spending money on travel, recreation, and restaurants is one of the first things they eliminate. What impact does the economy have on the hospitality industry? External factors, such as a country’s unpredictable economic cycles or natural […]

Industries That Are Critical Healthcare, food, consumer staples, and basic transportation are examples of generally inelastic industries that can thrive during economic downturns. During a public health emergency, they may also benefit from being classified as critical industries. What industries suffer the most during a recession? The retail, restaurant, and hotel industries aren’t the only

During a recession, rents can rise and fall. Rents will rise, fall, or stay the same depending on the location of a rental property and how hard the local economy is struck by the recession. For example, during a recession, a working-class housing market with large job losses will likely see an increase in vacancies,

A recession is a period of economic contraction during which businesses experience lower demand and lose money. Companies begin laying off people in order to decrease costs and halt losses, resulting in rising unemployment rates. Re-employing individuals in new positions is a time-consuming and flexible process that faces certain specific problems due to the nature