Use this video: https://finance.yahoo.com/video/loews-hotels-chairman-international-travelers-150330341.html?soc_src=mail&soc_trk=ma
Explain how fluctuating exchange rates affect purchasing power.
How does a strong dollar impact the price of a hotel room in New York for travelers from other countries?
Identify and explain the three types of exchange rate risk.
How does a strong dollar affect Loews?
According to Jonathan Tisch, Chairman of Loews Hotels, the hotel industry in the United States is directly responsible for the creation of 8 million jobs and indirectly responsible for the creation of an additional 7 million jobs. In your opinion, should the U.S. government step in if the industry suffers sustained losses as a result of the strong dollar?