TUI University ACC 403 Mod 1 CA March 8‚ 2013 Part I. Generally Accepted Accounting Principles (US GAAP) The common set of accounting principles‚ standards and procedures that companies use to compile their financial statements are called Generally Accepted Accounting Principles. GAAP are a combination of authoritative standards (set by policy boards) and simply the commonly accepted ways of recording and reporting accounting information. “Published accounts have to follow the GAAP
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The European Tours - TUI Travels Plc TUI Travels Plc is one of the world’s leading leisure travel companies with over 250 of the best loved and market leading travel brands in 180 countries and more than 30 million customers. Question 1 - Value Chain Value chain analysis is the process in which a firm identifies its primary as well as secondary activities that add value to the final products or service. Primary activities. Inbound logistics – TUI Travels Plc has a global supply chain which
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TUI Travel PLC Market overview 2 business models: individualization and commoditization (best serve to changing needs). But How Does a Service Become a Commodity? Traditionally‚ services cannot be commoditized‚ as there are numerous variables that account for differences between the type and level of service offered by each provider. The commoditization of hotels started many years ago with the first rating systems. Companies like the American Automobile Association (AAA) and Mobil (now Forbes)
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TUI Porter’s Five force analysis of the tourism industry. Competitive rivalry Moderate Competitive Rivalry Global industry growth rate is 4.1% (UNWTO .2005 ) High fixed cost largely favours the incumbents Variation of sizes of incumbents The threats of Substitutes Low threats of substitutes Technologies (TV and Games ) could act as substitutes but cant replace travel. Low differentiation of product limits the substitutes. The bargaining power of the buyers
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Introduction This report is part of the management report to be written during the module strategic hospitality management at Stenden University. It deals with the external environment of TUI. First a PESTEL analysis is executed in order to get an overview about the macro environment. From there the key drivers of change for TUI are identified and further opportunities and threats are extended. After the macro environment the industry is analyzed with the help of Porter’s Five Forces. The impact of the
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The main objective of the paper is to critically analyse the operational activities in travel and for that reason the chosen company is Tui Travel. The paper will explain the operational activities of Tui Travel. Tui Travel is basically a British travelling group that was started in 2007. Tui Travel has now merged with TUI AG in order to become TUI group. This group is a company of opportunities for the customers‚ employees‚ and shareholders. Since the company is under one roof‚ all the companies
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1. INTRODUCTION Ratios are invaluable profit tools in financial analysis that can provide information on valuing a company. In this report‚ I am going to focus on the financial statement of the travel and tour operator company ‘TUI TRAVEL PLC’. I will start with the background of the company and I will move on to measuring the financial performance of the company through a competitive analysis of the company’s financial statement for the financial years 2011‚ 2012 and the evaluation
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Running Head: Discuss the Financial Information of the Publicly Traded Company Game Stop Over the Past Several Years. TUI UNIVERSITY Module 1 SLP FIN501: Strategic Corporate Finance Dr. John Halstead July 21‚ 2014 This particular project involves the financial analysis a publicly traded company. I chose to focus on Game Stop‚ an American video game entertainment software retailer‚ based out of Grapevine‚ Texas. Game Stop (GME) is a corporation
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Unit 403 - Understand how to contribute to the control of resources This is a very well written piece of work‚ but it could cover more of the knowledge statements in outcomes 2 & 3. It would help if you referenced a piece of work as you went along with the numbers given in the knowledge statements‚ then it would be clear as to what you had covered. I have put the assignment into a table giving a column on the left for referencing just to give you the idea by including some of the reference numbers
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main premise of this report is that TUI Travel PLC is one of the world’s leading leisure travel groups‚ operating in approximately one hundred and eighty countries all over the world and compromising over 220 brands. This means that they serve more than thirty million customers and that makes TUI Travel PLC a global player in the growing industry. They want to deliver a wide variety of leisure travel experiences. Three principal business sectors are important to TUI Travel PLC: Mainstream‚ Accommodation
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