Dela wrote: |
A strong supply of management companies and a sudden decline in hotel demand led to owners gaining leverage in the management contract negotiation process, a change that was facilitated by the US real estate crash of the late 1980s.
I don't understand the meaning of the above sentence. Will somebody help me? Many thanks. |
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1, there were many management companies on the market offering their severces.
2, at the same time, hotels were not in high demand any more.
3, as a result of 1 and 2, owners were gaining uphand in negotiations with management companies for contracts.
4, the change was brought about by the real estate crash occurred in late 1980's in the US.
The sentence itself is not difficult, as it is written in fairly simple grammar. I suspect you have trouble understand the content.