Trends in Hospitality - 1497 Words

Trends in the Hospitality Industry Nowadays trends are everywhere. You can find them in every industry and they play a huge role. The retro trend in clothing, the SUV trend in the car industry, but nowhere else are trends more important than in the hospitality industry. But what exactly is a trend? A trend describes usually the time measurable course of a development into a certain quantitative and/or qualitative direction. In economics, trends are changes of the behavior of the society. In marketing research this describes the change and development of the consumerism and consumption behavior. In old days it was okay for a hotel to have only rooms and a restaurant. Today a hotel has to have a recreation centre, a beauty farm, a shopping†¦show more content†¦Another good example are the Design Hotels International, which work together with artists. These artists are designing the rooms. Their target group are the designorientated guests. 4. Increasing influence of the internet The development of the internet, which is now more than 30 years old, is rapidly. According to a study from comScore the amount of people who have access to the internet is 694 million. This is a huge target group and the hotel industry realized it. Every hotel has its own website where you can get information about the rooms, menus and activities the hotel offers. And also you can book a room online. Most of the time you will find special offers which are only available online and are much cheaper than if you book by phone. The amount of people booking a room online doubled in the last few years and is today the most popular way to get a room. A lot of hotels are enlisted in so called GDS providers. GDS is standing for Global Distribution Systems. The most popular ones are Amadeus, Galileo, Sabre and Worldspa. But the most popular online reservation system is HRS Ââ€" Hotel Reservation System. Enlisted are more than 180.000 hotels worldwide and it is growing because the online market has a huge potential. The internet is the market of tomorrow. The most risen trend in the hospitality industry is the high quality expectations of the guests. In combinationShow MoreRelatedGlobal Trends in Hospitality7741 Words   |  31 PagesHospitality Management 18 (1999) 427}442 Operational issues and trends in the hospitality industry Peter Jones School of Management Studies for the Service Sector, University of Surrey, Guildford, Surrey, UK Abstract This article makes some predictions about the future by considering operational issues in the rst part of the next century. Hospitality operations management is considered at two levels * the rm level at which strategic operations management takes place; and the unit levelRead MoreEssay on Trends in the Hospitality Indus1441 Words   |  6 PagesTrends in the Hospitality Industry Nowadays trends are everywhere. You can find them in every industry and they play a huge role. The retro trend in clothing, the SUV trend in the car industry, but nowhere else are trends more important than in the hospitality industry. But what exactly is a trend? A trend describes usually the time measurable course of a development into a certain quantitative and/or qualitative direction. In economics, trends are changes of the behavior of the society. In marketingRead MoreTechnology Trends : Changing The Hospitality Industry996 Words   |  4 PagesOverview Technology trends are changing the hospitality industry drastically. Hotel guests are among some of the most tech-savvy people in the world. This issue is leading guests to demand higher standards during their stay at a hotel or resort. Even though the standards are constantly changing and are often difficult for hotels to reach, hotels must do their best to keep up with the latest trends technology has to offer. When guests are looking at hotels to stay at during vacation or whatever theRead MoreCurrent and Future Trends on Hospitality and Management2084 Words   |  9 Pages10 Current Trend in Hospitality and Tourism 1. Economic impact and leakage from tourism Set to become probably the most significant hot-potato issue in the early 21st century. Asian governments will be seeking to maximise that economic impact by first keeping more earnings at home and after that, within the region. That will run up against the increased advances of global multinational groups which will be sending more and more money out in the form of franchise, distribution, management fees andRead More4.3. Global Consumer Tourism and Hospitality Trends The effects of the global calamity may not2100 Words   |  9 Pages4.3. Global Consumer Tourism and Hospitality Trends The effects of the global calamity may not essentially be negative since there are several factors. Australia and New Zealand are Fiji’s most powerful markets and tourists from these nations preferring to take a trip to Europe or the US would usually come to Fiji as the top option if they were to be faced with a financial crisis or travelling threat. Likewise, if travel menaces in,Middle,East or,South,East Asia increases,tourists from,AustraliaRead MoreEssay on hospitality scope size and diversity941 Words   |  4 Pagesï » ¿Unit 1: The hospitality Industry THE SIZE, SCOPE AND DIVERSITY OF HOSPITALITY INDUSTRY The scope of the hospitality industry refers to the range of businesses that provide services and facilities. The hospitality economy is one of the country’s key industries with huge growth prospects in jobs. In employment terms, restaurant are easily the largest sector, closely followed by a pubs, bars and club with the hotel sector growing more slowly, and the contract food service sector holding steady . Read MoreEmerging Industry Practices in Hospitality Operations1237 Words   |  5 PagesEMERGING INDUSTRY PRACTICES IN HOSPITALITY OPERATIONS Dr. Kshitiz Sharma, Email i.d.- sharmak23@gmail.com ABSTRACT Hospitality business is in transition stage, shaping itself better, less expensive, more user and environment friendly and ethical in approach. It’s good for all of them who believe tourism and hospitality a sustainable product. The present study is on emerging trends in operational areas of hospitality and hotels particularly. The scope of the present study is limited toRead MoreExternal Trends1214 Words   |  5 Pagesdecisions; discuss what these environmental forces are and how they would impact on the decisions made by strategic management on the future viability of the business. As well as this, do a brief analysis of the 5 forces driving competition in the hospitality industry using Porters model as the basis of your analysis. If there is a question: †What must be considered for managers in the first stage of business decision making?†, one of the component elements included in the right answer definitely isRead MoreUnemployment And Its Impact On Hospitality Industry Essay1079 Words   |  5 Pages1.1. Introduction Over the last few years, unemployment rates in hospitality industry in south east Spain has continued to grow despite the industry registering increase in the number of tourists arriving in that region. This has resulted in socioeconomic problems that cause stress to the economy and the country at large. It is obvious that there is an urgent need to reverse this trend in order to stem this problem and avoid escalation of the socioeconomic problems to unmanageable levels. The motivationRead MoreThe Fort Garry Hotel1085 Words   |  5 Pages In the ever changing world of the hospitality and tourism there is always the question of what happened in the past and what does the future hold when it comes to trends and ideas for new entrepreneurs who are trying to break into the industry. In one hand we have the story of the Fort Garry Hotel in Manitoba, Canada. This is the story written by Giles Bugaisliskis where he tells us about the beginnings of this historic hotel and how their first owners had an idea and wanted to make it successful

Cell Phones an Educational Tool - 2108 Words

Cell Phones: A Tool in the Classroom In today’s society, smart phones are a part of a student’s average, everyday life. No matter what people are doing, they find time to look at their phone and make a call, read a text, check e-mails, or search something on Google. Even though people find so many uses for them throughout the day, they are a controversial subject to talk about in their use in the classroom. Many schools have policies strictly prohibiting the use of smart phones in school. For schools to ban the use of smart phones is a major mistake. They only look at cell phones as a distraction to students, and don’t understand that this generation is dependent on the technologies of today. What educators need to do is ask themselves†¦show more content†¦A twenty-seven percent jump is rather large in a five year period and the proportion of students that own cell phones will only keep rising. In high school students, it is found that eighty-eight perce nt own cell phones. (Engel) These statistics show how cellular technology has grown and diffused into this generation. Society is changing and it is crucial that the education system changes with it. Don Macneale had this to say about student’s test scores being the lowest they had been for fifteen years, â€Å"First, todays high school students are indeed different than those I encountered when I began teaching in 1970, and even from those in 1992. Im not talking about discipline problems and attitude. The differences Im talking about are technological. My students in 1970 didnt have video games to spend countless hours playing. They didnt have cell phones and text messaging where they practice some kind of shorthand code that bears little resemblance to the English language. And they certainly didnt have the Internet nor even all that is available today on cable or satellite television. Im not condemning these things; Im simply saying they have changed everything about the way our studentsShow MoreRelatedShould Cell Phones Be Used As An Educational Tool?1032 Words   |  5 Pages It was her cell phone. Her cell phone was always a useful tool to her. She used it for calling, studying, and even entertainment, but she realized that it can be used as a learning resource in every classroom. Her school has a no cell phone policy, but if she were to persuade her school, she can get an exception to almost any rule. All she needs to do in order to make this idea a reality is share this with her school. Also, the sophomore Harshini Rampersaud says that â€Å"cell phones can definitelyRead MoreMobile Phone Usage in the Educational Setting796 Words   |  3 Pagesï » ¿Mobile Phone Use in the Educational Setting Students should be permitted limited use of mobile phone while attending their schools. Not all students use their mobile or cellular phones while at school; many do. Not all students who use their cell phone in school are using them during class. Students and educational staff come down very hard on students for using cell phones during class session, in many cases, justifiably so. Yet, there are instances when mobile phone use during school is notRead MoreProhibiting Cell Phones in College Classes1401 Words   |  6 Pages In today’s society, people are being introduced to never-ending technology developments; the use of cellular phones is triggering a lot of debate in universities all over the United States. In a recent survey by Tindell and Bohlander (2012), over 97 percent of college student carry their cellular phones to class and use their cellular phones during lectures. Although cellular phones are prominently useful there have been a number of ramifications, which must be recognized within universities. LecturesRead MoreIsabella Aubuchon. January 24, 2017. 4Th Hour. Cell Phones1415 Words   |  6 PagesJanuary 24, 2017 4th hour Cell Phones Should Be Allowed In The Classroom According to David Raths, â€Å"Twenty-four percent of K-12 schools ban cell phones altogether, and 62 percent allow phones on school grounds but ban them in the classroom.† A communication tool that has become part of our everyday lives, creating a sort of dependence, is limited or banned for most K-12 students. For a population that always has access, limiting this connection seems backwards. Cell phones have changed everyone sRead MoreImportance Of Cell Phones In School809 Words   |  4 Pagesbeen interrupted in class with a cell phone going off? Nothing is worse than a phone interrupting you during class. Some schools try to prevent this. For example, at George Washington Middle School, students have to have their phones turned off and in their lockers. Although many people believe phones should be in schools for resources, phones shouldn’t be allowed because theyre distracting. they can hurt your education, and they can cause cyberbullying. Phones should not be allowed in schoolRead MorePersuasive Speech Outline On Cell Phones1598 Words   |  7 PagesMolly Krumholz Alex Teran CMN 112 Team Persuasive Speech Preparation Outline Cellphone Use within Schools Specific Purpose: To persuade my audience why cell phones should not be banned in schools. Central Idea: The use of cell phones in school is great for educational purposes, social life, and as a safety tool Introduction I. In today’s society, the use of mobile devices has taken over our lives in every way possible. II. Although this has been viewed by many as having a negative impactRead MoreCellphone Should Not Be Banned in School1105 Words   |  5 PagesCell Phone should not Be Banned in School As the technology upgraded and developed from day to day, it becomes a very significant part of our daily life, work, and study. Since many things have been invented to comfort human life, mobile phone has become one of the most important tools for communicating with each other globally. Cell phones are used by people around the world, and not only the elderly people but also the children, above 8 years old, using mobile phone for their purpose. NormallyRead MoreShould Students Use Cell Phones? School?1310 Words   |  6 PagesLook around you; have you seen someone without a cell phone? These days cell phones have more features other than texting or calling. They now have touch screens and cool tools. Some phones, such as the iPhone, can tell you the weather, stock prices, where you are at, and it is even voice activated! Today s cell phone is cutting-edge technology at your fingertips. With this being said, should students be allowed to have or use cell phones in school? I think th at not only students should be allowedRead MoreMobile Phones And Electronics Particularly On Mobile Devices1327 Words   |  6 Pagesdevices. There are various mobile electronic devices: laptop, tablet, and cellular phone to name a few. In the early 1990’s even with the bulkiness students started bringing cellular phones to school back then. Schools began to place a restriction on the use of mobile phones in the classroom. Initially, the cell phone was only able to make calls and receive calls. Now, the cell phone or more commonly named smart phone is the most favorable with students since they are able to stay connected to a wideRead MoreCell Phone Is A Common Trend For Students963 Words   |  4 PagesThe use of cell phone is widespread, and has become a common trend for students. Gone are the days when cell phone were strictly for texting and calling, not it has more features that it can be used for other things. Phones now have like the iPhone can give weather, tell s when the stock has gone high or low, and direction, that is something I like to use it for. Today s cell phone amazing at it is always there right at your fingertips. With this is mind the performance task is ask them if students

Investment under Event Risk in China Stock Market

Question: Describe about the Investment under Event Risk in China Stock Market? Answer: The Chinese economy have argued that the opportunities for investment-based growth have run their course and that major problems of underutilized capital equipment and unemployment of workers are inevitable, especially when the global economy slows down, unless the Chinese government switches from a strategy of investment-led growth to domestic market based growth on consumption expenditure. Do you agree with the above statement? Explain the costs and benefits of adopting such a strategy for a country like China. Hint: analyze this question in the context of the production possibilities frontier (PPF) of Text chapter 2. The immense GDP growth of China in recent years is considered as one of the impressive years to remember. From the year 1978 to 2007, the growth poses improvement as well as some serious problems which is serious in terms of destruction, rising inequality, destruction of environment and a consecutive problems of exploitation has been observed which includes forced labor, weak examination of product safety and migration of labor (Cai, et. al, 2007).In recent years, it was found that the huge export surpluses of china caught much attention globally. The external sources of demand cannot be measured by the surplus trade account of china. The market reform policy adopted by the government had achieved fast economic growth in the year 1978. It is seen that the rapid development of china was started from domestic frontier to raise the government and several households consumptions. However, the growth of china is highly based on the policy called fixed investment which played a major role on the growth of export (Liu, 2008).The economic growth only requires the growing demand which can drive the components to aggregate the demands based on investment, household consumption, external demand and government consumption. It is important to find the sources from which the economic drive gains its strength. Many believe that the growing aggregate demand is the sole reason to induce chinas economic growth. The dependence of china on external demand stands a threat for sustainability and also effect the fixed investment policy (Song, 2011).There is no such single perusal which has not supported the growth of economic market based on investment and export of china. They had started to maintain the economic growth by funding several investments from the year 1978 and propose many structural changes in the growth of the nation. Now china has both short run problems as well as long run problems because of the growing economic integration. Today, the economy of the world is inter connected, thanks to globalization, any major turnout can affect economic events and many political policies got turn down. Generally, the nation follows its economic policies made by their government. There can be no denying that China faces a huge crisis owing to their very large export surplus mainly because it is not sustainable for a very long period. If it somehow manages and attains some sort of a balance with its external account the ratio of the Exports to GDP presents serious threat. Questions often loom regarding why this should be a problem especially if the imports and exports were somewhat equal but this degree of economic integration brings along with it certain inevitable short and long run problems for the country. The basic short run problem pertaining to high export dependence is basically recession of the overall economy of the country. The main driving force of the Chinese economy has been private investment. Now it is well known that the simple macroeconomic model constitutes of the sim of private consumption and private investment without any government and foreign trade .Now since consumption interestingly is a function of income the levels of national incom e is found to be dependant on the levels of investment. But there can be no denying the fact that investment also happens to be one of the most volatile of all the components that constitute national income and brings in economic instability. Globalization seem to be considered on as one of unmitigated good by several well know economist, which force the Chinese government to switch from a strategy of investment led growth to a focused domestic market based growth on consumption expenditure. It is evident from the graph and previous research which help to provide a clear and precise idea about the statement. From the bar chart diagram it is evident that the china has shifted their strategy from investment led growth to domestic oriented market on consumption expenditure. Globalization transferred overall investment spending from developed countries to a less developed countries. Compared with other countries, domestic consumption expenditure in china has grown dramatically at aN exponential rate for a extended period (McElhatton and Jackson, 2012). The overall share of the domestic consumption in total expenditure in the Chinese economy is seen to be decreasing as the level of growth in the investment spending and the overall export has been even more exponential compared to consumption particular during 2000. Domestic consumption have growth exponentially in china over the past two decade, around 8 percent increase every year and rising at a rate of around 10 percent in the recent year. China real annual domestic consumption on average is around 3 percent point higher than the other emerging countries in Asia and 6 percent higher when compared to other G7 advanced countries. While domestic consumption has constantly show a generous growth in China, its share in GDP has considerable declined which resulted the Chinese government to shift their strategy form investment led to domestic market oriented which help to circulate and maintain a balanced economy. VAT on cars and number of other item has been decreased and several vouchers for certain durable goods purchase by the different rural sector have also been provided by the government (Rothstein, 2014). The government accomplished with several key strategies like lifting household consumption, imposing policies on the SME and increase in the social spending by the government and preparing several other strategies to decrease the focus on investment led growth. Consider the Chinese automobile sector for instance which at the moment is following a rapid growth curve. China happened to produce about 8.9 million motor vehicles which accounts to about one eighth of the total global production with an exponential growth rate of about 22% when during the same year the US market was found to shrink by almost 22%. According to Minsky (1986) capitalist market economy suffers from endogenous financial instability. Over the course of a business cycle, a robust financial structure tends to be replaced by a fragile financial structure. China has been gradually transforming and metamorphosing towards a market economy especially in the past two decades. The model of capitalist economy as per Minsky (1986) is C + I = WN + Where, C happens to be consumption and I is investment, followed by W which is representative of nominal wage rate, with N being the total labour force that is employed and is gross profits. It may thus be said that the framework of economic democracy is not supportive of growth of private enterprises. Promoting economic and social instability an environment may be generated in which the private enterprises will be able to grow along with public sector that is also growing at a steady pace. If the long run and long term future is taken into consideration then this system is more equipped to generate a long term success rather than a system that has its roots on neoliberal style capitalism. References: Cai, M., Wang, Y. and Wu, W. (2007). Investment under event risk in china stock market: A theoretical analysis. Economic Modelling, 24(4), pp.673-682. Liu, T. (2008).Impact of Regional Trade Agreements on Chinese Foreign Direct Investment.Chinese Economy, 41(5), pp.68-102. Song, H. (2011). Chinese Private Direct Investment and Overseas Chinese Network in Africa. China World Economy, 19(4), pp.109-126. McElhatton, E., and Jackson, B (2012). 'Paradox In Harmony: Formulating A Chinese Model Of Leadership'.Leadership8.4 (2012): 441-461. Web. Rothstein, Bo((2014):. 'The Chinese Paradox of High Growth And Low Quality Of Government: The Cadre Organization Meets Max Weber'.Governancen/a-n/a. Web. Minsky, M,L (1986).The Society Of Mind. New York: Simon and Schuster. Print.

Shell Ethics in Nigeria Essay Example

Shell Ethics in Nigeria Essay Shell Nigeria Some of these theories can be used to measure Shell Petroleum Development Company of Nigeria (Shell Nigeria). The first ethical measure discussed Is utilitarian reasoning, also referred to as cost-benefit analysis, which compares the costs and benefits of a decision. Secondly for the human rights theory, were the rights of the stakeholders respected? Third, the ethical theory of Justice is measured by whether the benefits and costs are fairly distributed equitably and according to some accepted rule. Finally, the legal theory Is explored to determine If a company Is acting within the legal Limits of the law. Using the utilitarian reasoning, it Is clear that Shell Nigeria Is unethical. Under revenue sharing agreements, only 1. 5 percent of the governments revenue from oil was returned to the communities where the production plants were and much of that revenue was taken by officials in those communities. Lawrence, Weber, Post) This is while the Nigerian government received 90 percent of the net revenue on each barrel of oil sold. In a nation where the business elites and the nations military grew wealthy from oil revenues, most Nigerian lived In poverty. Shell Nigeria had to have realized how poorly the Nigerian government treated Its citizens. The emphasis was on making a profit rather than making sure they were ethically responsible. We will write a custom essay sample on Shell Ethics in Nigeria specifically for you for only $16.38 $13.9/page Order now We will write a custom essay sample on Shell Ethics in Nigeria specifically for you FOR ONLY $16.38 $13.9/page Hire Writer We will write a custom essay sample on Shell Ethics in Nigeria specifically for you FOR ONLY $16.38 $13.9/page Hire Writer Based on the information presented in the Case Study, Shell Nigeria did not respect the human rights of the Going people by continually polluting land, streams and creeks. Shell Nigeria never took responsibility for any ecological damage that had occurred. Whenever an Issue was brought to their attention, Shell Nigeria could explain how or why it was not their fault and problem. For Instance. A hotly contested oil spill that had occurred in Beebe that spread over 25 acres penetrated deeply into the soil and contaminated nearby waterways. Shell, however, maintained that the Beebe spill had been caused by retreating Barbarian Troops, during a period when the company had temporarily withdrawn from the area because of a civil war. (Lawrence, Weber, Post) under the distributive Justice method, the comparison Is between an equitable striation of the benefits and the burdens to determine If decisions are fair and equitable. The income made from the sale of crude oil was not distributed evenly among the stakeholders. The Nigerian Government benefited greatly by receiving great wealth while no costs were imposed because of the lack of economic or social regulations on Shell Nigeria. The benefits of Shell Nigeria producing oil greatly favored the Nigerian Government officials and military while the costs of oil production fell heavily on the citizens, communities and environment of the people vying in and near the Nigerian oil fields. Under the legal theory, if you are within the boundaries of the law, you are acting ethical. Based on the information in the case study, Shell Nigeria could be considered ethical. The business culture practiced by Shell Nigeria was not in contrast to the laws set forth by the Nigerian Government. Due to the lack of laws and regulations for OLL producing companies It was not difficult to be considered tentacle when comparing Dustless practices to teen legal tenure. Snell Enlarge obviously put greed ahead of doing the right thing. They put their own welfare ahead of all others, regardless of the harm done to the people of Condoling. Assuming the facts of the case are true, almost every reasonable person would agree that the total disregard for the ecological and social welfare of a foreign country for a quick profit is improper under any ethical standard. The flagrant unethical acts in this case could easily result in a tarnished image. Lawrence, Anne, and Weber, James, and Post, James. Business and Society. Case Study: Shell Oil in Nigeria. Page 484, 486.