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revenue from multiple sources, such as room bookings, food and beverage services, conference and event hosting, and more. This diversification can provide stability and resilience to the business.

4. Potential for repeat business: When hotels provide good customer service and amenities, guests are more likely to return for future stays. This can create a loyal customer base and increase revenue over time.

5. Global reach: The hotel industry is global, which means that hotel businesses have the potential to attract customers from all over the world. This can increase revenue and brand recognition.

Overall, the hotel business can be good for those who have the resources and expertise to create a high-quality experience for their guests. However, it is important to note that the industry can also be highly competitive, so it’s important to carefully research and plan before starting a hotel business.