GROWTH OF HOTEL INDUSTRIES IN INDIA Over the last decade and half the mad rush to India for business opportunities has intensified and elevated room rates and occupancy levels in India. Even budget hotels are charging USD 250 per day. The successful growth story of ’Hotel Industry in India’ seconds only to China in Asia Pacific. ’Hotels in India’ have supply of 110‚000 rooms. According to the tourism ministry‚ 4.4 million tourists visited India last year and at current trend‚ demand will soar
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Impact of Global Financial Crisis on Hospitality Sector Based in Mumbai Region Oshma Rosette Pinto Assistant Professor‚ Pillai Institute of Management Studies and Research‚ New Panvel Navi Mumbai E-mail: pinto.rosette@gmail.com ABSTRACT The Global financial crisis from 2005 to the present is considered by many economists to be the worst financial crisis since the Great Depression of the 1930s. It was triggered by a liquidity shortfall in the United States Banking system which resulted in the
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management is a complex social system which cannot be explained in terms of a simple cause and effect relationship. In a relatively unique position‚ hospitality organisations attempt to bridge the gap between the domestic and commercial worlds which according to Lashley (2001) is an attempt to “square circles” as employees while delivering some level of hospitality must balance it with the requirement to be efficient and profitable. Components associated with accommodation management - the type of building
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Note on the global hotel industry 1. Evaluate the hotel industry (you can use Porter’s Five Forces Model as a conceptual tool) The five forces that impact competitiveness which are outlined in Porter’s 1980 work are: barriers to entry‚ threat of substitutes‚ bargaining power of buyers and sellers‚ and the rivalry
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Topic 6: “Asset light strategies are the only way ahead for international hospitality companies.” In the topic asset light strategies refers to international hospitality companies owning less assets. Assets are “items of economic value owned by an individual or corporation‚ especially that which could be converted to cash” (www.investorwords.com). The various different strategies international hospitality companies use in order to ‘lighten’ their assets could be by franchising‚ management contracts
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CONCEPTS OF SERVICE QUALITY MEASUREMENT IN HOTEL INDUSTRY UDK / UDC: 640.41(658.562) JEL klasifikacija / JEL classification: L83 Stručni rad / Professional paper Primljeno / Received: 31. svibnja 2007. / May 31‚ 2007 Prihvaćeno za tisak / Accepted for publishing: 03. srpnja 2007. / July 03‚ 2007 Summary The quality of service in hotel industry is an important factor of successful business. The existing trend of complete quality management in hotel industry ensures the achievement of competitive advantage
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Evolving Technologies To Drive Competitive Advantage in Hospitality Industry In today’s fast paced competitive and cut-throat marketplace where no other quote would be more apt than ’Survival of the fittest’‚ tour & travel companies‚ travel agents‚ hotel distribution companies‚ hotel chains‚ airport transfer and car hire companies are grappling with how to bring convergence between their brick and mortar and the emerging technologies that are multiplying and growing as
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Food and Beverage Industries Name School HTM 100 Professor Name February 3‚ 2013 Careers in Lodging and Food and Beverage Industries The hospitality industry is a very lucrative and rewarding career choice. Choosing a career in this field is not for the faint at heart. A career in this industry requires an individual that is ambitious‚ self-motivated‚ and has a charismatic personality. However‚ the hard work comes with many personal and financial rewards. Hospitality covers all careers
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especially controlling the number of foreigners in the country. 3) Hospitality – hotel industry - Before technology use became widespread in the hospitality industry‚ the service that customers received was personal but inefficient. For example‚ most hotel reservations and transactions were recorded manually on paper‚ which was a time-consuming process. As technology evolved and became more prominent in the hospitality industry‚ hotels and restaurants began running their business more efficiently
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Chapter 1 EL NIDO RESORTS IN PALAWAN; ITS IMPACT AND CHALLENGES IN TOURISM INDUSTRY INTRODUCTION A. BACKGROUND ON EL NIDO RESORTS IN PALAWAN EL Nido during pre - Spanish time‚ has been known as "BACUIT BAY" a Center of Natural bounty of Cultural heritage surrounded by island and inlets towering limestone‚ cliffs for its uniqueness nature of bounty‚ and a paradise for all who usually experience the exquisite beauty of nature that can only be experienced Bacuit Bay‚ for its beauty Corals‚ fish
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