3.8 In order to avoid losses from last-minute cancellation, private vacation rentals at a popular tourist destination
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3.8 In order to avoid losses from last-minute cancellation, private vacation rentals at a popular tourist destination have started to insist on full payment from prospective renters 45 days in advance. After that date, no refunds are possible. How does this new system affect the apartment owners’ risks?
What are some of the potential costs of this new system?
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Related Book For
Managerial Economics And Strategy
ISBN: 9780135640944
2nd Global Edition
Authors: Jeffrey M. Perloff, James A. Brander
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