After reeling from the downturn in ...

After reeling from the downturn in business caused on the 1990 recession and the engulfing sea War, the hospitality industry has emerg in novel years with all its indicators pointing up

Thanks to reductions in staffing and operating outlays the profitability of the industry has grown significantly. The ratio of fixed charges to rewards has decreased from 32 percent in 1992 to 23 percent in 1994 according to the Hendersonville, Tenn.-based Smith Travel Research. Gros operating profit margins have climbed from 22 percent in 1990 to 31 percent in 1994

Not all of these