As a credit analyst who is focusing on the fundamentals of an industry, if you had a consumer products company, a hotel company, and an airline, which do you think is most likely to support a high debt load over an economic cycle?

a) The consumer products company since this industry tends to hold up well during a recession.

b) An airline, as people will always look to travel, despite the economic conditions.

c) A hotel company since people need a place to stay when traveling an group bookings hold up well during a recession.