Industries

Financial & Service Corporation Partners

The face of the accommodation and food services industries are prevalent, making changes very visible. Demand is highly elastic as sales strongly correlate with disposable income. The industry is well-positioned for growth in a healthy economy. It disproportionately demands low-skill, low-wage workers and is uniquely adept at combating wage growth, able to increase supply at lower costs. Domestic and international travel habits significantly influence this industry. Recreational travelers routinely consider exchange rates when determining travel arrangements, so the strength of the dollar can be a deciding factor. This industry requires planning for all stages of the economic cycle.