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
Premium Hotel Tourism Hotel chains
Lodging Property * Establishment that charges fees for providing furnished sleeping accommodations to persons who are temporarily away from home or who consider these accommodations their temporary or permanent homes. * It is made up of companies that provide overnight accommodations to the travelling public – food‚ beverages‚ entertainment‚ recreation‚ and meeting facilities. * They also provide accommodations to both travelers and non – travelers. Basic Terminologies for Lodging Facilities
Premium Hotel Bed and breakfast Lodging
Industry Analysis Paper Hotels‚ Rooming Houses‚ Camps‚ and Other Lodging Places SIC Code 70 Table of Contents 1. Introduction (Very Important) 2. The Industry’s Dominant Economic Features Market size Answer: In terms of revenue $90 billion Scope of rivalry Answer: Rivalry is very high in this industry because there are many firms that have very similar products Growth rate and what stage of the life cycle is the industry in Answer: In terms of revenue 3.2% growth
Premium
FINANCIAL ANALYSIS (HOTEL INDUSTRY) [pic] [pic] [pic] By Donnabelle Pineda and Marge Javillonar Managerial Accounting ADB-MBA Program‚ Batch 10 Submitted to: Prof. Ricardo Palo Date: 4 August 2010 I. Hospitality Industry The hospitality industry is a trillion dollar service sector within the global economy. The industry covers a broad variety of service industries including‚ but not limited to‚ hotels‚ food service‚ casinos‚ and tourism. This
Premium Generally Accepted Accounting Principles Balance sheet
.................................................3 SWOT Analysis.....................................................................................................4 Hilton Worldwide © MarketLine Page 2 Hilton Worldwide Company Overview COMPANY OVERVIEW Hilton Worldwide (or ‘the company’)‚ formerly Hilton Hotels Corporation* (HHC)‚ is one of the leading global hospitality companies. The company operates more than 3‚800 hotels in 91 countries around the world. It is headquar tered
Premium Hotel Hilton Worldwide Hotel chains
“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
Premium Marketing Hotel Marketing plan
The lodging industry serves a variety of travelers‚ and each business specializes in a particular type of customer. In this Checkpoint‚ you review the American Hotel & Lodging Association’s website listed in Introduction to the Hospitality Industry and reflect on the different types of travelers the lodging industry serves. Review Exercise 1 on p. 306 of Introduction to the Hospitality Industry and answer item b. b. From the AH&LA Web site‚ describe the typical lodging customer for
Premium Hotel Bed and breakfast Motel
Business structure and processes INDUSTRY ANALYSIS FOR HOTEL INDUSTRY‚ INDIA Shruti Garg 2012H149223P Department of Management 16th November’ 2012 Submitted to Dr. Jyoti TABLE OF CONTENTS 1. Introduction 1.1 Background of Hotel Industry 1.2 Structure of Hotel Industry 1.3 Mid Market Segment 1.4 Budget Segment 1.5 Heritage Hotels 1.6 Others 2. 5 Major Players in Market 3. Profiles of some Major Players 3.1. Indian Hotels Company 3.2.ITC/Sheraton Group 3.3 The Leela Group 3.4 The EIH Ltd
Premium Hotel Tourism Hotel chains
SWOT analysis of Hilton hotel Strengths • Hilton Hotel Corporation (HHC) is a well established organization and industry leader in the hotel‚ hospitality and gaming industry • HHC is well diversified across the industry with hotels in the high end‚ business and mid-priced classes in their product mix • HHC also possesses solid integration features such as owning the companies that manufacture its furniture and has invested in online reservation travel enterprises Weaknesses
Premium Hotel Casino
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
Premium Economic growth Hotel Economics