Economic Analysis of the United 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
Premium Hotel chains Hotel
locates in the US and Canada about 80% of its owned or managed properties‚ Starwood has there a comparatively lower percentage‚ around 60%‚ and instead claims a stronger international presence that returns around 35% of its total room revenues. This difference has been seen as one of the reasons for Marriott to buy Starwood‚ as we are going to explain later. The data on brands divided by business segment confirm also that Starwood proves quite weak compared to Marriott in the limited or select service
Premium Marketing Revenue Generally Accepted Accounting Principles
SWOT Analysis: Strength Highest hotel in the world (The Ritz-Carlton‚ Hong Kong) -> ICC(Located 102 floors to 118 floors) (The 118th floors of the OZONE bar is the world’s highest bar) Major training operations in its Ritz-Carlton learning institute Environmental responsibility initiatives deliver an unparalleled guest experience while protecting our natural resources. Led by property-based Ritz-Carlton Environmental Action Conservation Teams (REACT). Reducing energy and water usage‚ offering
Premium Hong Kong Chinese art 2008 Summer Olympics
economical environment. SWOT Analysis This is the process of analysing the strengths weakness opportunities and threats that an organisation is facing. An idea becomes an opportunity because of its strengths and weaknesses. Given the present scenario in the external environment‚ a company has to decide what shall be its strategy with regard to new ventures. Every market has certain threats and opportunities. Analysis of these will help in better decision making. SWOT Analysis helps to assess developing
Premium Management Marketing Strategic management
Hotel Industry/Marriott Analysis Analysis of the Hotel Industry Industry Profile The need for lodging for individuals after traveling a great distance from home has been around since mankind began living inside of dwellings. To serve this need‚ hotels‚ or as they were more commonly referred to‚ inns‚ were created as a means to accommodate these travelers. In fact‚ the first recorded inn in America opened in 1607. Since their introduction they have grown in complexity‚ amenities‚ price‚ and
Premium Hotel chains Hotel Hyatt
refined grains‚ like white rice and plain white bread‚ strip out the other parts of the grain. It uses these to produce attractive‚ marketable and often long shelf-life food products. Similar processes are used to produce animal feed. B. Industry Analysis 1. Driving Forces • The company used to give samples in places that have a lot of number of people. They distribute small pack of the Koko Crunch in train stations‚ schools entrance‚ in grocery store etc. • They used to have advertising such as
Premium Marketing Food industry Porter five forces analysis
End of Book Case Studies 16/7/03 3:16 PM Page 642 end-of-book End-of-book: Case studies Q 643 case studies 19 Think design and performance— think Sunbeam Café Series Nicole Stegemann‚ School of Management and International Business‚ University of Western Sydney Limited‚ a manufacturer of pumps‚ filters and security products. GUD’s acquired Sunbeam in 1996. After catering for predominately female needs‚ it was the male population’s turn to benefit from Sunbeam’s innovations
Premium Marketing Sydney
Seasons Resorts and Hotels The company that I have chosen for the theory in practice report is the Four Seasons Resorts and Hotels. The company is dually listed on the New York Stock Exchange under the ticker symbol FS and it is listed on the Toronto Stock Exchange under the ticker symbol FSH. The company originated in Toronto‚ Canada over forty years ago when owner and CEO‚ Isadore Sharp‚ opened up the first Four Seasons hotel. His concept was to create a chain of luxury hotels that offered
Premium Hotel chains Hotel Hotels
SWOT Analysis Sandals Dr. Jill Novak‚ University of Phoenix‚ Texas A&M University Company History Sandals (Beaches) is a Caribbean Based Resort Hotel Chain‚ that was only recently established‚ but has proved to be highly successful‚ based on their innovative marketing concepts. This SWOT analysis is about Sandals. In Montego Bay‚ Jamaica‚ in 1981‚ Gordon "Butch" Stewart‚ took notice of an old hotel sitting on Jamaica’s largest private white sand beach‚ bought it‚ fixed it up and opened the hotel
Premium Tourism Hotel Seaside resort
FC ’s product strategies are categorized into two aspects. 1. To meet consumers ’ desire for novelty by introducing western style products like Mexican Chicken Warp and New Orleans Barbeque Wings. This means can satisfy young consumers who are more open and acceptable to the foreign flavors. 2. To cater to consumers ’ taste for traditional Chinese meal by offering Chinese style fast food from time to time‚ say‚ Old Beijing Chicken Roll‚ a wrap modeled after the way Peking duck is served‚ but with
Premium Fast food Culture of China Chinese calendar