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 there are 47‚ 584 hotel properties
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EMERGING BUSSINESS TRENDS & OPPORTUNITIES IN VARIOUS SEGMENTS 2013-14 RETAIL: Overview- Retail industry‚ being the fifth largest in the world‚ is one of the sunrise sectors with huge growth potential and accounts for 14-15% of the country’s GDP. According to the Global Retail Development Index 2012‚ India ranks fifth among the top 30 emerging markets for retail. The recent announcement by the Indian government with Foreign Direct Investment (FDI) in retail‚ especially allowing 100%
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Emerging Trends in Software Engineering presented by Roger S. Pressman‚ Ph.D. R.S. Pressman & Associates‚ Inc. Boca Raton‚ Florida USA January‚ 2009 Emerging Trends in Software Engineering Copyright 2009 by Roger S. Pressman. 1 Predictions “One of the things that I think we have learned is that we should all be very careful about making predictions about the future.” Bill Clinton‚ 42nd President of the USA For example: “I think there is a world market for maybe five computers
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Trends Cheating There is a study in South Korea which investigates the magnitude and predictors of academic cheating among South Korean nursing students. The study even concluded that an alarming level of cheating problem was found among South Korean nursing students‚ requiring immediate attention This only proves that cheating is not only a trend here in the Philippines but all over the world. This cheating issue in nursing education should be managed under collaborative efforts of nursing
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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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Current issues in the hospitality industry Introduction: What are the main issues in hospitality industry? The issues were discussed at the last meeting of International Society __________(ISSC). Asking from the guest their shortage‚ they gave some problems necessary for them. Main part: Capital available‚ Emerging market‚ Technology‚ Travel permit residence. Capital available: Capital provides asset liquidity and enables the development of new hotels. Increasing institutional investment
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distinctive characteristics that the Hard Rock Hotel chain possesses in its business‚ and also the competitive advantages it has over its competitors with its current service management system. Research for this report includes the evaluation of the service package provided by the hotel. Following that‚ recommendations are also given as a basis for the company to make an improvement on its competitive advantage in the current industry. The Hard Rock Hotel (HRH) is considered a core service oriented
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(Back office operations) The operations that are dealt with in the back office of travel agents include customer letters of complaints . Many different types of customers are dealt with in the travel and tourism Industry; therefore the complaints that are faced can vary. Customers can complain by written a letter ‚ which is very common .letters should be dealt with by looking at the problem ‚ solving it and relying to the customer and hopefully they are satisfied and will remain a customers
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Five Trends in the Restaurant Industry The number one growing trend in the restaurant industry is the idea of fresh‚ healthy meal options. According to the NRA a growing number of consumers are becoming more health conscious‚ and therefore looking better their diets. Restaurant owner have taken note of this and are trying to provide a healthy selection of food for its consumers. In fact forty percent of restaurant owners had budgeted more spending in 2010 compared to 2009. They are willing to
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HOSPITALITY INDUSTRY Hospitality is considered as a service industry‚ serving the guests with "feel-good-effect". "Athithi devo bhavha" (Guest is God) has been one of the major trends followed in Indian culture since decades. In India‚ the guest is treated with utmost warmth‚ full respect and providing the best services. The industry trend shows‚ that Hospitality is one of the fastest growing sectors in India. It is expected to grow at the rate of 8% between 2007 and 2016. Many international hotels including
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