Answers.com > Wiki Answers > Categories > Travel & Places > Countries States and Cities > Philippines > Philippines Economics > How would the inflation rate affect the hotel and restaurant industry in the Philippines?

How would the inflation rate affect the hotel and restaurant industry in the Philippines?

Answer:

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

First answer by Vittoriaatneda7. Last edit by Vittoriaatneda7. Contributor trust: 311 [recommend contributor ]. Question popularity: 11 [recommend question].

[report abuse]

Can you answer these Philippines Economics questions?

	Is economic growth necessary for economic development?	Answer it!
	What is inherent sovereignty?	Answer it!
	What is the function of the Governor general in the Philippines?	Answer it!
	How can fiscal policy promote economic development?	Answer it!
	What are the products of different regions in the Philippines?	Answer it!

How do inflation affect exchange rates?
If Inflation takes place, our exports become expensive, while our imports become cheaper. Therefore, the price in our local economy is rising so is the value of currency, therefore appreciating...
How does inflation affect interest rates?
interest rates go up
How does interest rates affect inflation?
if an interest rate is high, it is likely that inflation is also high. Generally, one doesn't affect the other so much as measure the other.
Does inflation affect exchange rates?
Different countries have different rates of inflation, which are an important factor in determining exchange rates.
What are the factors that affect the hotel rates?
Hotel rates are essentially based on demand--a hotel at the beach will cost more in the summer and on weekends, for example. Other factors include how far in advance the hotel is booked, and how many...