Initial Investment The desired item is jewelry The cost in 12 years will be about $6000. The average interest rate is 5%. The Present value formula is P =A (1+r)-n where P is the present value that will amount to A dollars in n years at interest rate r compounded annually. Note that the quantity raised to a power has the negative exponent on –n. According to the rules of exponents‚ this means that once the negative is put into effect‚ the base quantity will change position by dropping down
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A hotel manager is a person who manages a hotel‚ a motel‚ or a resort. This position’s responsibilities and duties vary according to the size of the hotel or resort‚ as large hotels tend to require more management than small ones. Many people love going to hotels‚ they like pampering themselves with all kinds of services that a hotel offers. Services include fast room services‚ relaxing spa‚ clean swimming pool‚ good restaurant‚ and many other facilities. A lot of people do not know how the process
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Best Western Plus Antel Hotel Vs Holiday Inn Best Western Plus Antel Hotel has a full-service spa‚ an outdoor pool‚ and an indoor pool. Complimentary wireless Internet access is available in public areas. Business amenities at this 3-star property include a business center‚ a meeting/conference room‚ and limo/town car service. This family-friendly hotel offers a poolside bar. The staff can provide concierge services‚ wedding services‚ and event catering. Additional amenities include a children’s
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Course Title: Independent research study Faculty: Mr. Sleeman Assessment Title: What methods are available to the Four Seasons Hotel to ensure customer loyalty? Due Date: Word Count: 4129 Due Time: 16:00 Statement of Authorship ‘I certify that this assignment is my own work and contains no material which has been accepted for the award of any degree or diploma in any institute‚ college or university. Moreover‚ to the best of my knowledge and belief‚ it contains no material previously
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PART A CHAPTER 1 INDUSTRY PROFILE History of Hotel Industry: A hotel is an establishment that provides paid lodging‚ usually on a short-term basis. Hotels often provide a number additional guest services such as restaurant‚ a swimming pool or childcare. Some hotel has conference services and meeting rooms and encourages groups to hold conventions and meeting at their location. Revenues of hotel and restaurant (H&R) industry in India during the financial year 2000-2011 was INR 804.32 billion
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Introduction Radisson hotels were in 1938 founded in by Curtis L. Carlson. The majority of Radisson branded hotels are located in the United States. The company’s headquarters is located in Minneapolis‚ Minnesota‚ where the first Radisson Hotel was built. This city is also headquarters to the parent company‚ Carlson Companies. Carlson Companies‚ Inc. is one of America’s largest privately owned corporations with total system sales of $13.4 billion in 1996 and $20 billion in 1997. Carlson Companies
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shape likes a rooster. China has more than 50 million years historical background which began with the emperor times “zhou’1. Based on the demographic status in China‚ there are total 56 ethnic groups. Near 92% of Chinese are Han2. Others like Hui3 and Miao4 are the minority ethnic groups in China. C. Cultural elements 1. Religion China is a multi-religion country since ancient time. Buddhism‚ Taoism‚ and Confucianism are the major religions in China. Religions have played an enormous role
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Report Summary The purpose of this study is to analyze the 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
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Product life cycle History Bed and Breakfasts Hotels were established in Europe many years back. The majority of travelers that frequented B&B’s in the 1800’s were pioneers‚ miners‚ 49’ers seeking gold or professionals traveling from one area to another. Most B&B’s offered an accommodation for the night along with a breakfast in the morning which many hungry travelers took advantage of before setting off on the next leg of their journey. As more inns‚ lodges and hotels were built in the 1900’s
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on Raffles Hotel 1 1. Introduction 1 2. Brief company overview 2 3. External audit 2 3.1 The macro-environment analysis with PESTE method 2 3.2 The industry dynamics analysis with Porter’s five forces 3 3.3 The evaluation of key successful factors of external factor 4 4. Internal audit 5 4.1 Raffles’ strategic segmentation 5 4.2 Raffles’ market positioning 6 4.3 Strengths-weaknesses analysis of current resources and competences 7 4.4 Value chain and value networks 8
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