There Are Various Classifications of Lodging Establishments Within the Accommodations

question 42

Essay

There are various classifications of lodging establishments within the accommodations industry.Explain some of the ways accommodations are categorized.Include in your answer a description of specific types of accommodations within each category, along with a specific Canadian property that fits into each of your examples.

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Definitions:

Customer Availability

Describes the extent to which customers can access or purchase goods and services at a given time.

Horizontal Merger

A type of business consolidation that occurs between firms that operate in the same industry.

Vertical Merger

A combination of two or more companies at different stages of production in the same industry.

Conglomerate Company

A large corporation that owns a diversified group of other companies across various industries, with no single business dominating its portfolio.