Wider economic conditions
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Growth in supply / increased competition (excl. Airbnb)
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Business rates
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Staffing costs
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Staff availability
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Corporate booking agents pricing expectations
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Property (acquisition) costs (i.e. rents, purchase costs)
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OTA charges
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Energy costs
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Stock / inventory availability
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Corporate travel budgets
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Airbnb
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Safety concerns / terrorism
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International travel restrictions
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Enforced social distancing measures
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