An industry almost entirely dependent on discretionary dollars. Another attribute of this industry is the extremely high level of fixed costs. The industry is comprised of hotels/motels, entertainment facilities, and some believe catering too. Other examples include the sports industry and the luxury items segment.
There is one unique financial characteristic that is synonymous with the hospitality industry; that is high fixed costs. Or another way of stating the same financial attribute is to simply state that the hospitality industry […]