The External Factor Political‚ Governmental & Legal Forces Government spending and taxation policies Hong Kong is a free port of less tax and low tax rate. The tax must to pay for enterprise only pay the profit tax every year. The normal rate of Profits Tax is 16.5% for corporations and 15% for unincorporated businesses. More companies have been attracted to invest in Hong Kong. Hong Kong does not impose value-added tax (VAT)‚ goods and services tax (GST) or sales tax. The price of products
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“Radhe Palace” Hotel & Suites Southern States University Newport Beach Campus Winter 2012 Kunal S Shah Professor Gary W. Lawson‚ DPA Non-disclosure and confidentiality agreement The undersigned _______________ hereby agrees that all financial and other information that he will receive concerning “Radhe” Hotel & Suites is confidential. The information shall remain the property of “Radhe Palace” Hotel & Suites and shall
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premium segment of the hotel industry. We have carried out Porter’s Five Forces Model analysis of the premium segment of the hotel industry and compared it with some industries like IT‚ Cement and Textiles which have shown growth potential in recent times. This has been carried out to give an idea of the forces relative to other industries for an investor. Next‚ we identified some of the dimensions of strategy for the industry and analyzed the major players in the industry based on these dimensions
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market orientation and hotel performance: The moderating effects of external environmental factors Cheng-Hua Wang a ‚ Kuan-Yu Chen b ‚ Shiu-Chun Chen a‚∗ a b Graduate School of Business and Operations Management‚ Chang Jung Christian University‚ Taiwan‚ ROC Department of Recreation Sport and Health Promotion‚ National Pingtung University of Science and Technology‚ Taiwan‚ ROC a r t i c l e i n f o a b s t r a c t With the market competition of hotel industry being heated‚ it is critical
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Task 2 An explanation of how children and young people’s development is influenced by external factors: Poverty & deprivation: This influences children’s development as children which live in poverty tend to live in poorer housing conditions‚ who may also not have an appropriate diet such as‚ not enough vitamins or minerals etc. This may then lead to diseases and illnesses. Overall this influences the physical‚ intellectual‚ emotional and social development. Family environment and background:
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1.0 Introduction and Scenario Banyan tree hotel group was established in1994 with one single resort in Phuket‚ and in recent years ‚ it has own more than 20 resorts and hotels‚ 60 spas‚ 70 retail galleries and 3 golf courses(Banyan tree hotel group‚ 2012).As the leading of international boutique hotels‚ Banyan tree hotel group are providing the unique service combined with green conscience . In the next five years‚ Banyan tree hotel is panning to extend their business into Middle East ‚ Central
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Lodging’s recovery continues‚ driving fewer vacancies and higher rates‚ particularly among hotels in higher-priced segments. Our outlook anticipates a 5.5% RevPAR gain in 2013‚ improving to 5.9% in 2014 with stronger economic growth. Group bookings for 2014 have improved‚ supporting gains relative to this year. Construction activity has resumed‚ but is still at low levels. Occupancy levels at hotels in higher-priced segments are ahead of prior peak levels‚ real RevPAR is above its long-term
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Economic Analysis of the United States Hotel Industry Background Information Our team chose the hotel industry in the United States for our economic analysis. The hotel business has existed since the earliest times‚ and has influenced the development of the economy since the founding of this country. According to the American Hotel and Lodging Association‚ in the year 1900‚ there were fewer than 10‚000 hotels in the US which provided 750‚000 to 850‚000 rooms. The 2004 figures show that
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Every industry to include the hospitality industry is impacted by external factors which directly influence organizational behavior and decision making. There are numerous factors to be considered‚ but political‚ economic‚ and social are three of the most influential. These outside factors sway managerial operational decisions daily regarding personnel‚ spending‚ policy‚ and short-term and long-term strategic planning concerning both core and exterior operations. As within every industry‚ the hospitality
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One of the top industries in the US is the casino industry‚ which is in the process of expanding into new states and increasing its market availability. There are many factors that play into the growth of the casino industry such as different rules and regulations from both the federal and state governments to go along with the business factors of technology‚ social acceptance and target demographic. The companies within the industry also have to look at Porters five forces to determine whether or
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