Issues in Hospitality Industry Essay Example for Free

Issues in Hospitality Industry Essay What are the main issues in hospitality industry? The issues were discussed at the last meeting of International Society(ISSC). Asking from the guest their shortage, they gave some problems necessary for them. Main part: Capital available, Emerging market, Technology, Travel permit residence. Capital available: Capital provides asset liquidity and enables the development of new hotels. Increasing institutional investment into the hotel sector is enhancing asset values and consequently lowering returns. Expectations of revenue and profitability growth are stimulating capital availability for new development. This environment is expected to continue as long as the hotel industry’s cyclical expansion continues. Signs of a cyclical plateau are starting to appear, and the implications of capital availability will be profound. Many factors affect the amount, timing, and availability of capital. In the US the fractured economic conditions that existed after 2001 eroded operating results and values over the ensuing few years, but this in turn set the stage for the current cyclical upturn. Modest potential for new supply, together with the industry’s high degree of operating leverage, have now made hotels highly attractive relative to other commercial asset classes. As a consequence, a large migration of institutional capital to the hotel sector was not long in coming. Investors have bid up hotel prices and bid down required yields to relatively low levels. The momentum of the hotel investment market has been enhanced by significant liquidity in the mortgage markets. Emerging market: The World Tourism Organization estimates that global tourism visitation (as measured by arrivals) has increased from 770 million in 2005 to 983 million in 2011 and is expected to continue to increase reaching 1,561 million by 2020. China alone is expected to generate 100 million outbound tourists by 2020 up from less than 15 million currently. As the number of international travelers increases, the beneficiaries (i. e. , countries and specific destinations) of international tourism will also change. In many cases, historically popular destinations may make gains in the aggregate number of visitors, but the proportion of total share is likely to decrease. A growing interest in â€Å"new† and previously less accessible destinations (such as Vietnam and China) as well as the strong growth of more traditional destinations (e. g. , Singapore) is driving this shift as well as more practical considerations such as location and modes of transportation. What is driving this rapidly expanding outflow of visitors? Among the leading reasons, travel is being seen as luxury rather a consumer staple at most income levels and as incomes in emerging markets rise, so does the demand for traveling. Regarding the increasing share of Asia it can be attributed to a large extent to the growth of China outbound travel which concentrates in Asia (in 2004, over 70% to Hong Kong / Macao and almost 20% rest of Asia) Demographics are also supporting this interest, again notably among emerging countries, where populations tend to be younger (as opposed to the western world where seniors and near seniors are the fastest growing age brackets) and the middle class is rapidly expanding. Awareness of foreign destinations through electronic images, the rapid acceptance of new telecom products and international branding/marketing has a direct appeal to this younger, more affluent demographic. The four BRIC countries (Brazil, Russia, India and China) provide an interesting perspective of this demographic shift. Technology: The challenges of keeping up with the fast pace of technology is difficult and expensive. Guests can now use the Internet’s interactive reservation systems, and hospitality companies are sometimes criticized for the (alleged) large number of keyboard clicks required to make a reservation. The number of reservations made via the Internet continues to increase. Surveys in the United States show that currently 20% of all reservations are made through the Internet, and this percentage is increasing every year. With such high percentage of reservations done through the Internet, a hospitality cannot afford not being connected. If the potential guest cannot book online, a reservation will be made at the competitors web site. Guest-room Innovations Multiple telephone lines, interactive opportunities for ordering room service, and guest-room check-out are examples of amenities that guests increasingly desire, but that are very expensive to install and implement. Data Mining This technology allows marketing and sales personnel to find new ways to use guest-related data. (data mining: using technology to analyze guest and other related data to make better marketing decisions. ) Yield Management This computerized process allows managers to match guest demand with room rates (high demand means higher rates because of lessened discounts; low demand result in higher discounts. (yield management: demand forecasting systems designed to maximize revenue by holding rates high during times of high guest-room demand and by decreasing room rates during times of lower guest-room demand). Yield management is critical to maximizing a hospitality’s profitability. The concept are applied to every revenue department and across department. The yield managers job is to maximize the revenue per available room by selling rooms to the right customers, at the right price, at the right time.

Essay --

In the novel, To Kill a Mockingbird by Harper Lee, Mayella Ewell misleads the constituents of Maycomb about Tom Robinson because she knew the people would not approve of her actions of advancing on a man of different color. This event vividly explains the consequential aftermath of one race having feelings for another in the times of the Great Depression, specifically a white woman having feelings for an african american. She was afraid of what the townspeople would do to her, which was the main reason Mayella lied to the town of Maycomb. Mayella’s emotions gave away that she was lying during the trial. When Mayella was called to the stage, she said to Atticus "I got somethin' to say an' then I ain't gonna say no more. That nigger yonder took advantage of me an' if you fine fancy gentlemen don't wanta do nothin' about it then you're all yellow stinkin' cowards, stinkin' cowards, the lot of you. Your fancy airs don't come to nothin'—your ma'amin' and Miss Mayellerin' don't come to nothin', Mr. Finch-". If Mayella Ewell was really innocent, she wouldn’t have been as dramatic as she was while pleading her case. Mayella most likely would have told the truth with no wavering emotions. When Mayella was called to the stand she did this, â€Å"‘Him,’ she said, pointing at Atticus.† Mayella was afraid of Atticus during the trial because of the way he got her father, Bob Ewell, to give vital information to Tom’s benefit. She would not have been afraid of Atticus if she hadnâ€℠¢t known he could get the truth out of her, too. If Mayella had remained calm during the trial, she might have seemed a lot less guilty. Mayella Ewell did not admit to the truth because she was afraid of what the town would perceive of her actions. Atticus implied that... ...a white man harming a black man, the black man would be guilty of assaulting the white man. Thusly, there was little to no chance that the jury would believe anything Tom Robinson said. Mayella used the town’s racism to her advantage to get out of her sticky situation. In conclusion, Mayella Ewell lied to the citizens of Maycomb about Tom Robinson because she knew the people would not approve of her actions of advancing on a man of different color. She swore on the Bible to tell the truth, but failed to do so and told everyone Tom Robinson raped her. Even though Mayella clearly made that up and there wasn’t a substantial amount of evidence to prove Tom was guilty, he was still charged for raping Mayella because his skin color was different from hers. The moral of this event is to never judge someone by the color of their skin, but by the content of their character.

Domain Name Essay

Browsing through different domain servers, I would suggest a well known and established company. I would suggest the use of GoDaddy. com. I have personally used the service and can attest to their customer service available 24/7 via telephone and live chat. The provider also offers free personalized email, DNS control and status alerts for the page. The prices are competitive with other companies with assistance in not only hosting the site, they will assist in the building and maintenance of the site. As far as domain name, at the time of searching the domain name of FreeFluShotsForElderly. org is available. I would suggest the use of a . org vs another due to the public misconception of their view towards the extensions. A normal individual may recognize a . org extension as a non-profit vs if it was a . com and not believe it to be non-profit. The name, while long, also would be easily memorable in terms of the elderly as well as being easily located with search engines as well. Another possible alternative is to continue with a purchase like this and purchase similar domain names along the same lines and with different extensions for a cheaper price. With the purchase of the additional domain names, you can reroute users from those sites to your â€Å"trunk† site that is being maintained. Not only would this assist with individuals typing in the wrong address, it would assist with people who are looking for different sites that are mistakenly brought to this organization’s site.

Human Emotion And Its Effect On Human Consciousness

The purpose of life, to some degree, is to seek happiness and to seek out other people to achieve that happiness. Sigmund Freud developed this idea, which is known as the pleasure principle, claiming to explain that the human consciousness and subconsciousness revolve around this idea. If someone is isolated, then they will try to alleviate that suffering in one way or another. Human emotion is reduced to extremely simple terms, unlike what they truly are, which is extremely complex. The idea of reducing humans to such a simple understanding seems unfair, but it carries a sense of truth to it. Every person on Earth is seeking for pleasure, and it carries truth because no person appreciates the feeling of unpleasantness. Isolation is a defense method against the world to seek pleasure and to avoid unpleasant feelings in life. Freud believes that everyone attempts to get away from things that cause us pain and suffering and that everyone feels suffering as a result of society, but the way people attempt to alleviate this suffering defines us as a person. Two people could be faced with the death of a close relative, but the one who alleviates his suffering through drugs is very different from the one who alleviates his suffering through burying himself in his work. The exploration of Freud’s ideas through different characters of the two stories, â€Å"Sonny’s Blues† and Ceremony, reveal that Freud’s principles regarding human nature are not the basis for all human life. â€Å"Sonny’sShow MoreRelatedReflection Paper On Psychology And Psychology999 Words   |  4 Pages1. Introspection is the study of one’s own conscious thought and feelings based solely on one’s mental state. It’s basically a stream of consciousness, an internal monologue that contributes to one’s own decision making. 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