Over the past 20 years, many facets of the hotel industry have shifted to adapt to new technology and changing consumer behavior, which have in turn changed how hoteliers conduct business.
“The lodging industry has changed in several key areas over the past decades and many of these changes have helped hoteliers to enhance their products, attract more guests and create opportunities for expansion,” said Chip Rogers, president and CEO of the Asian American Hotel Owners Association.
However, those changes have also had an impact on the bottom line, which Rogers said has become more difficult to attain and has diminished over time.
Explanation:
development is a process that creates, growth, progressed, active change or the addition of physical, economic, environmental, social and demographic components.
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