Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Decide whether you feel raising hotel prices for specific events is good business management or unethical pricing in the Tourism industry. Tourism is the main

Decide whether you feel raising hotel prices for specific events is good business management or unethical pricing in the Tourism industry. Tourism is the main revenue generator in many areas such as Las Vegas and the badlands of South Dakota.

It's common in Las Vegas for room prices to escalate to three or four times their usual price when events such as the National Finals Rodeo or a World Boxing title fight are on. Likewise with hotels up to 40 or 50 miles from Sturgis, South Dakota, during the three weeks around all of the annual Sturgis Motorcycle Rally events.

  • Is this type of hotel room pricing ethical or not? Explain your position.
  • If you feel it's not ethical, which of the six types of unethical pricing you examined does it fit in?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

The Handbook Of International Trade And Finance

Authors: Anders Grath

4th Edition

0749475986, 978-0749475987

More Books

Students also viewed these Finance questions

Question

Draw up a list of the respective pros and cons of licensing.

Answered: 1 week ago