In general, the demand for a good is said to be inelastic (or relatively inelastic) when the PED is less than one (in absolute value): that is, changes in price have a relatively small effect on the quantity of the good demanded.
The definition of a resort is a vacation place, often with food and entertainment. An example of resort would be any of the Great Wolf Lodge water park resorts. Resort is defined as to turn to something or someone for help, often in a desperate way. An example of resort is to turn to stealing to supply one's family with food.
Best Answer: A hotel is a facility that provides accommodations (bed & bath basically) for transients like travellers and tourists. e.g., Holiday Inns all over the USA. A resort is a recreational complex that normally has a center of attraction, like a beach, a garden park, a swimming pool and a restaurant. e.g., Boracay Beach Resort in the Philippines A resort hotel combines the amenities of a regular hotel and a resort.