Introduction to Hospitality Miroslava Dimitrova Ph.D Accommodation sector Hospitality = Hotels + Restaurants Lodging Industry Hospitality industry: Provision of accommodation as well as food and beverage services to short-stay guests on paying basis. The Pineapple Tradition • Symbol of welcome‚ friendship and hospitality • Recognized internationally • Foundation for concept of “SERVICE” Types of Accommodation • Hotels • Farm houses (Guest houses)‚ bead and breakfast (BB)
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measured by customer’s willingness to pay for it. Valu e What is a Value Chain? Value Chain A chain of activities that a firm operating in a specific industry performs in order to deliver a valuable product or service for the market. Value Created and Captured – Cost of Creating that Value = Margin 2 Distinct Sets of Activities 5 Primary Activitie s & 4 Support Activitie Primary Activities(5) Inbound Logistics- receiving‚ storing incoming goods Operations- value creating activities that transform
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The Flour Industry The flour industry was a very popular industry in the late 1800’s. It was also very important because people used it in their everyday foods. Flour was made from wheat so the company needed it. That is why there is so many fields around Minnesota. Always‚ here is everything you should know the about the flour industry. The founder of the Pillsbury flour co. was Charles Pillsbury. He started the company with little money and because he needed a job. Pillsbury did not
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a project report on THE DIAMOND INDUSTRY AND INVESTMENT OPPORTUNITIES SUBMITTED BY ESHA PAREKH T.Y.B.M.S. [SEMESTER V] DIV.: A ROLL NO.: 35 ACADEMIC YEAR 2011 – 2012 UNDER THE GUIDANCE OF PROF. GOVIND SOWANI DATE OF SUBMISSION 15TH SEPTEMBER 2011 SVKM’s NARSEE MONJEE COLLEGE OF COMMERCE AND ECONOMICS Vile Parle (w)‚ Mumbai - 400 056 Submitted to University of Mumbai DECLARATION I‚ Ms. ESHA PAREKH‚ of SVKM’s Narsee Monjee College of Commerce
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Executive Summary Purpose – The purpose of this report is to find out what couse high staff turnover in hospitality industry. And try to solute those problem. Methodology – The reason of high staff turnover rate divide by three major types‚ which are individual factors‚ enterprise factors and industry factors. After explain three types of factors‚ this report will show some method to solute each problem. Findings – Company should do something to remain their staff to decrease the damage from
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Journal of Hospitality Financial Management The Professional Refereed Journal of the Association of Hospitality Financial Management Educators Volume 13 | Issue 1 Article 26 1-1-2005 Ratio Analysis for the Hospitality Industry: A cross Sector Comparison of Financial Trends in the Lodging‚ Restaurant‚ Airline and Amusement Sectors Woo Gon Kim Baker Ayoun Recommended Citation Kim‚ Woo Gon and Ayoun‚ Baker (2005) "Ratio Analysis for the Hospitality Industry: A cross Sector Comparison of
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University of San Carlos College of Commerce P. del Rosario St.‚ Cebu City ------------------------------------------------------------------------------- An Analysis of the Philippine Fast Food Industry using Michael Porter’s Five Forces ------------------------------------------------------------------------------- Submitted to: Ms. Joyce Yang Submitted by; Group 9
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1. Why do people work in the Hospitality Industry? Answer: The Hospitality Industry consists a number of fields within the service industry‚ including the food and beverage‚ lodging or accommodation‚ gaming‚ entertainment‚ event planning‚ theme parks‚ cruise line and transportation. In addition to these are the fields in the tourism industry like airline and travel agencies. Because of the increasing interest for food and travel of the population‚ there is also an increasing demand for the
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truly deserves this title is Blood Diamond. In Blood Diamond the director Edward Zwick was very smart when strategizing how each and every scene would play out in the film. He made thorough decisions on which moves each character should make and how the interactions among them would be in each scene. All of this planning was done for the sake of clearly understanding the story. The transitions in the film also easily made you feel as if you are part of the diamond trade itself. Piece by piece Zwick
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threat posed by these substitutes exist at a high level. However these risks can be mitigated through diversification and offering more products in the portfolio. Since the range and the number of suppliers far exceed the buyers in the market‚ the industry has a very bargaining power. Most of the inputs required are basically commodities and available on a global scale. Potential Entrants - Brand awareness and loyalty of established brands - Technical know how required is low - Well
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