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Business English Exercises
 

The Hospitality Industry

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Home > Teaching Business English > Business English Lessons, Advanced Level # 261
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According to Michael Stoler, an influx of capital into the New York real estate market is driving the hotel market.

Correct answer: (b) driving

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"The availability of funds both on the debt and equity sides from the plethora of lending institutions and opportunity funds for hotel projects in the Big Apple is plentiful," the principal of Eastern Consolidated, Alan Miller, said.

Correct answer: (d) plethora

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Numerous groups are seeking to be part of the tremendous wave of hospitality demand we are experiencing, from the construction of ground-up hotels or the conversion of existing buildings to the repositioning of certain hotel assets.

Correct answer: (c) up

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501 Business English Exercises — Printable, photocopiable.
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The market is awash in capital chasing hotels.

Correct answer: (c) awash

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With the strong need for more rooms in Manhattan, coupled with the fact that there are no longer any undesirable' neighborhoods, the entire island south of 125th Street from river to river represents a good hotel site.

Correct answer: (d) coupled

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Highgate Holdings is planning to convert the Chinatown Holiday Inn at 138 Lafayette St. into a boutique hotel.

Correct answer: (c) boutique

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"The pipeline of hotels is probably at an all-time high, which might lead to increased competitiveness and price wars," Mr. Hennessey said.

Correct answer: (c) pipeline

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It will likely hurt those hotels that have benefited from the compression of Manhattan's demand.

Correct answer: (a) compression

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The greater risk is that the city's economy falters, and what many of the newly minted hoteliers don't realize is that a small drop in revenue can cause a huge drop in profitability.

Correct answer: (a) falters

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When the slowdown eventually comes, a reverse ripple effect is expected whereby the properties living off of the Manhattan-displaced demand, particularly those without adjacent commercial development, will feel the downturn first.

Correct answer: (b) ripple

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Business English Practice Exercises Business English Tests — several topics are covered: office matters, job applications, computer English, money expressions, business law, operations management, retail marketing, e-commerce, accounting terms, contracts and agreements, commercial correspondence, etc.
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