Australia Hotels Say COVID19 Quarantine Contracts Far From a Licence to Print Money
VerifiedAI Summary
The demand for hotels during covid-19 is highly decreased due to lock down in country. The hotels are converted as quarantine spots to increase the demand and generate Revenue from same. In this report. Law of demand and cross elasticity of CBD hotel will be discussed. Further it shows the new equilibrium prices are being made after the state travel had increase in Australia.