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?