Excellent points, although what do you mean by #3?
My impression was that the hotel industry is subjected to regulation, as opposed to it wielding power.
In addition to regulation, many states and localities impose significant taxes on hotel stays. For example, the theoretically low-tax Texas has a 6% state hotel tax [1], but localities also levy taxes on top of that, bringing the total to often 15%.
My impression was that the hotel industry is subjected to regulation, as opposed to it wielding power.
In addition to regulation, many states and localities impose significant taxes on hotel stays. For example, the theoretically low-tax Texas has a 6% state hotel tax [1], but localities also levy taxes on top of that, bringing the total to often 15%.
[1] http://www.window.state.tx.us/taxinfo/hotel/