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QUESTION 1: Why might TNI have wanted to keep the Mafraq Hotel open during renovation and refurbishment?
QUESTION 2: How does airbnb affected both price elasticity of demand and price elasticity of supply of hotels? Explain
QUESTION 3: If Mafraq had faced a COVID 19 situation Would closing the hotel and do the renovation been a better solution? Underline the pro and the con of such a decision.
QUESTION 4: What factors might influence the price elasticity of supply and the price elasticity of demand for hotel accommodation such as that of Mafraq?
QUESTION 5: How might a knowledge of the price elasticity of demand for Mafraq being "low" be useful to its owners in making pricing decisions?
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