Table of Contents 1 Introduction .......................................................................... 1 1.1 Background ................................................................................... 1 1.2 Problem Discussion....................................................................... 2 1.3 Purpose......................................................................................... 3 1.4 Delimitation ....................................................................
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Introduction In recent years‚ the hospitality industry in China has experienced tremendous changes with the ups and downs of the real estate industry‚ which also includes the expansion campaign in full swing in a field set off by the series of the world’s leading high-end hotel group. For most of the world’s top hotel group‚ the rapid growth of the Chinese market profits undoubtedly like a straw to help them flee out of financial crisis. With this background‚ hotels in China will face the enormous
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ARTICLE ABOUT UNEMPLOYMENT RATES IN MALAYSIA KUALA LUMPUR‚ May 26- The unemployment rate in the country for March 2014 was at 3.0 per cent‚ comparatively lower from 3.3 per cent in March last year ‚ the Statistics Department said. When compared with the previous month‚ the rate was down 0.2 percentage point from 3.2per cent in February 2014. In a statement here today ‚the department also said the labor force participation rate decreased in March 2014 to 66.9 per cent from 67.4 per cent in the
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The world and business activities are gradually becoming more globalized as many firms extend their operations into overseas markets. With the advent of globalization‚ there are more influences than ever on the hospitality industry. Put simply‚ this means that people share their cultures with others. International hotel chains have been growing and because of this‚ the number of people engaged in foreign business markets has increased. An overseas assignment is an increasingly common career experience
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Ans: 1(a) Unemployment Rate = Unemployed Employed + Unemployed In January 2012‚ 141‚608 thousand were employed and 12‚748 thousand were unemployed. Unemployment rate = 12‚748 ÷ (141‚608 + 12‚748) = 8.26% In January 2013‚ 143‚322 thousand were employed and 12‚332 thousand were unemployed. Unemployment rate = 12‚322 ÷ (143‚322+12‚332) = 7.92% 1(b) Employment-Population ratio = In January 2012‚ 141‚608 thousand were employed and total population was 244‚663 tnousand. Employment-Population ratio
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the recent jump in energy prices‚ and empirical data provided by several different environmental and scientific agencies. The Hotel industry is no different‚ in fact‚ it would benefit greatly from the recent push for all businesses and business sectors to “Go Green.” Yet‚ the industry has long resisted the changes‚ and is only recently catching up to other industries that have converted their operations to have greener strategies. Hotels require meticulous upkeep and cleanliness in order to keep
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The Impact of a Reduction in Sunday Penalty Rates for Casual Employees on the Price Mechanism The Australian Financial Review recently published an article titled “Sunday penalty rate to be cut to 50pc” (Dunckley 2014). In summary: A Fair Work Commission ruling has reduced the 75% penalty pay rates for casual employees in Australia who work on Sundays to 50%. Penalty rates are designed to compensate employees for the loss
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A Project Proposal - Improving Hospitality Industry Talents in Macau Introduction With the development of the Macau economy‚ the local market requires more labor to satisfy its demand. However‚ Macau’s human resource distribution is not balanced especially for local professionals in the hospitality industry. Although the unemployment rate in Macau has been around 2% during recent years‚ improving the whole professional level is the most important thing for the long term. (Government of Macao
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Eurozone unemployment and inflation both rise 01 March 2012 by Daniel Mason Eurozone unemployment rose to a record high in January‚ while inflation in the currency bloc has also continued its upward trend - a combination described by economists as "unpalatable" and a "double whammy of bad news". The jobless rate in the 17-member currency bloc was 10.7 per cent in January‚ up from 10.6 per cent in December‚ according to statistics published today by Eurostat. It means that‚ in January‚ there
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Fiscal Policy for reducing the unemployment rate The employment rate is quite an important variable to a country because it represents the country’s economic situation is good or bad.In order to reduce the unemployment rate‚both demand side policies and supply side policies can be used.On the demand side‚there are fiscal policy and monetary policy.While on the supply side‚there are many policies like improving labor market flexibility‚employment subsidies‚better education and training‚lower employment
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