Final answer:
The three major costs associated with hospitality facilities are land, labor, and capital.
Step-by-step explanation:
The three major costs associated with hospitality facilities are land, labor, and capital.
- Land: The cost of purchasing or leasing land for the facility.
- Labor: The cost of hiring and paying employees to operate and maintain the facility.
- Capital: The cost of building, renovating, or acquiring the physical infrastructure and equipment needed for the facility.
These costs are critical to the profitability and success of hospitality businesses and need to be carefully managed.