answersLogoWhite

0


Best Answer

The behavior (rise or fall) of the inflation rate directly affects consumer spending, and indirectly the hotel and restaurant industry.

User Avatar

Wiki User

โˆ™ 2009-05-08 04:30:07
This answer is:
User Avatar
Study guides

What is the capital of the Philippines

What countries make up Indochina

What is the worlds most populous nation

Bangkok is the capital of what country

โžก๏ธ
See all cards
3.91
โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…โ˜†โ˜…
11 Reviews

Add your answer:

Earn +20 pts
Q: How would the inflation rate affect the hotel and restaurant industry in the Philippines?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

How will inflation affect hospitality industry in Nigeria?

how does inflation affect hospitality in nigeria industry


Why do distances among islands affect the trading industry Philippines?

distances among islands affect the trading industry in the Philippines?


How does inflation affect the airline industry?

Inflation affects the airline industry in a negative ways The increase in the prices does not help the business as the purchasing value of money is usually decreased which causes huge losses to the industry.


How will weather affect the inflation of giant balloons?

how will the weather affect the inflation of the ballooons


How does inflation affect investment?

how inflation affects investment


How does the handicraft industry affect the livelihood of the Filipinos?

The handicraft industry has a very positive affect on the livelihood of Filipinos. The Philippines is the second largest producer of handicrafts in the world, and it provides the livelihood for 1 million Filipinos.


What does Incorrect tire inflation affect?

Effect of inflation at unemployed people


How do you use inflation in a sentence?

Inflation of prices can negatively affect an economy.


How do interest rates and inflation affect real estate in south Africa?

explain how do intrest rates and inflation affect the real estate


How will the weather affect the inflating of the balloons?

how will the weather affect the inflation of the ballooons


Was the ATM the answer to inflation?

No. The ATM does not in any way affect or answer inflation. It is just a machine through with customers can do banking transactions without visiting their bank. It does not cause or affect inflation. Only the country's central bank can control inflation by changing regulatory policies.


3.How do inflation and taxes in the Philippines affect earnings on savings?

Economists often refer to inflation as the "hidden tax" on consumers. Why is inflation the hidden tax? Inflation causes saved money to have less value over time. Money that is earned today has greater purchasing power than it will in the future once the force of inflation has caused goods and services to have higher prices. Money must be interested in interest earning investments if one wishes to curb inflation to some degree.

People also asked