Hospitality in the Modern World
Hospitality in the Modern World Back in 1975 I was asked to teach hospitality economics to the students at Cornell’s Hotel School, arguably the best school in the world for hotel management. It was not so challenging devising hospitality examples or cases to highlight important economics principles, though getting these abstract concepts into the heads of students fixated on “flush and gush” courses and wine-tasting was a bigger obstacle. The concept of mean reversion and…

