econ 101 assignment

1. Long Hotel Rally Losing Steam. A nearly decadelong rally for the hotel business is showing signs of petering out. Hotel owners in large cities say they are getting squeezed by weaker business-traveler demand, and a crush of new hotel projects that is weighing on room rates. “The floodgates have opened in terms of supply,” said Bashar Wali, principal and president of Portland, Ore.-based Provenance Hotels, which owns and manages 14 hotels across the U.S. “When there are so many offerings, you donâ€t have the ability to stretch rates even during the high demand period.”
For this assignment, you need to read the attachments and answer by the answer sheet.
 
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