A natural disaster such as an earthquake or human-made disaster like the attack on the World Trade Center has an…

A natural disaster such as an earthquake or human-made disaster like the attack on the World Trade Center has an immediate effect on hotel occupancy. Explain step by step how you would estimate the loss in room income to New York City’s hotels when approached by the news media. (Hint: New York City has an estimated 63,000 rooms. Use figures and values from Chapter 1 and/or make assumptions; assumptions should be identified.)

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