(855) 4-ESSAYS

Type a new keyword(s) and press Enter to search

The Recession and the Hotel Sector

 

            
             The current business situation joined by the financial recession has definitely influenced the operations and business status of diverse businesses. The hotel business has additionally got influenced by the financial recession. The proficiency and productivity of numerous organizations got diminished essentially, which planned the organizations towards cutting the expense and diminishing the work energy. Disregarding the radical conditions forced by the monetary recession, the hotel business figured out how to endure in the business. .
             The hotel business is straightforwardly affected by the tourism business. It is because of the reason that with a decline in the quantity of voyagers, the landing of clients at the hotels gets diminished, which specifically influences the productivity of the hotels (Raymond 2001). For the investigation of the business, it is important to survey the ability level and current players working in the business. Accordingly, it is fundamental for the administrators in the lodging business to concentrate on the support of the attributes among the representatives to build immediate contact with the clients (Rutherford & O'fallon 2006).
             Discussion.
             The real playing point for the hotels originates from the support of the services and the particular luxuries in like manner. The topics of the hotels are overseen and pushed through the advertising exercises, which makes a positive picture of the topic in the business sector. It is fundamental for the hotels to concentrate on the validity and expert conduct for the clients joined by the positive concern and prosperity of the clients. It is important to speak to the positive picture of the hotel in the business sector and being fruitful through the focal point gave by the system. .
             In concern to this, the hotel business has figured out how to get by amid the recession time adequately. The hotel business has development opportunities in the current business environment because of the advancement of the hotels fundamentally at the worldwide level.


Essays Related to The Recession and the Hotel Sector

1. Brazilian Economic Outlook

Brazil's economy, which is roughly the size of Great Britain's, is currently in a recession like most of the other countries of the world. ... But as the countries of the world began to experience the worldwide recession at the turn of the century, foreign investment dwindled, along with import and export opportunities. ... It is also increasingly hard for some to get jobs, as unemployment rose for the third straight year to 8% at the end of 2002 as the country joins the world in an economic recession. ... The services sector makes up the largest percentage of the national GDP, acco...

  • Word Count: 3260
  • Approx Pages: 13
  • Has Bibliography
  • Grade Level: High School

2. Hawia Econ

The movement toward a service- and trade-based economy becomes even more apparent when considering the distribution of Hawaii's jobs across sectors. ... But by 1994 the recession had raised Hawaii's unemployment rate to the national average (6.1%) for the first time in 15 years. ... Following a dismal first quarter due to the Kobe earthquake, there was steady growth in the tourism sector in 1995 with increases in the number of visitor arrivals and hotel room rates. ... The initial downturn was clearly associated with the cyclical recession on the mainland and eventually in Japan. ...

  • Word Count: 1214
  • Approx Pages: 5
  • Grade Level: High School

3. Iowans

Of these, approximately 380,000 work in the life insurance sector alone. ... The outcome is hard to predict at this time but economists are estimating that a recession is inevitable. A recession is a period of decline for the gross domestic product (GDP) along with lower real income and higher rates of unemployment. ... Unemployment has been noted in several hotel industries and airports. ...

  • Word Count: 1838
  • Approx Pages: 7
  • Has Bibliography
  • Grade Level: High School

4. Priceline Case Analysis

Travelers now can find information and data-rich resources available on the internet to book airline flights, hotel rooms and cruises, and to gather information on destinations. ... Even so, in 2002 air-tickets accounted for 66% of the US online travel market, hotels 22%, car rental 9% and cruise and train (and bus services) 3%. . Online travel hasn't been immune to the consolidation that's so rampant in airlines, retail, media, and other sectors. ... Plus, major airlines, hotels, and car rental agencies are finding it easier to integrate forward and sell directly to customers over ...

  • Word Count: 2166
  • Approx Pages: 9
  • Has Bibliography

5. Homelessness

He advocates social reforms ranging form a national standard for welfare benefits, a higher minimum wage, and establishment of a social sector for non-profit, affordable housing. ... Social scientists wanted to know if the recession was behind the increase in homelessness. ... They also define in as an individual or family who has a primary nighttime residence that is a supervised publicly or privately operated shelter designed to provide temporary living accommodations (including welfare hotels, congregate shelters, and transitional housing for the mentally ill), an institution that provide...

  • Word Count: 975
  • Approx Pages: 4
  • Grade Level: Undergraduate

6. Tax Cuts

Supporters go on to say Americans will then spend that money at stores and restaurants, airlines and hotels, and soon those businesses and their suppliers " all of which have been cutting workers " will start hiring again. ... "My suspicion is that the tax checks had something to do with that," he said. 6 There is a positive outlook for the retail sector. ... According to a recent USA Today-CNN Gallup Poll, 78 percent of Americans think this a good time to buy a house vs. 67 percent during the 1991 recession. ... * Because the private sector spends money more efficiently...

  • Word Count: 1612
  • Approx Pages: 6
  • Grade Level: High School

7. Economic Implications of the Ebola Epidemic

Tourism Airlines, hotels and travel companies are expected to suffer reductions in revenues. The World Travel and Tourism Council, which represents airlines, hotels and other travel companies recently stated that early indications suggest a decline of 30% in bookings to the region. ... The World Bank expects that GDP growth in Sierra Leone will only be 8.3% (down from 11.3%), with agriculture among the worst affected sectors, and also causing a slowdown in mining operations. Guinea's growth estimate is down to 2.4% from 4.5%, the worst hit sector is again agriculture. And Liberia, one o...

  • Word Count: 2637
  • Approx Pages: 11
  • Grade Level: Undergraduate

8. Why do people become terrorists?

Wartime Recession? ... One industry that always gets a lift from war is the defense sector, and weapons contractors such as Raytheon and Northrop Grumman were among the few bright spots on Wall Street. ... Shop wisely as the economy slumps; you should be able to get deals on anything travel related, from airline tickets to hotels, resorts, and theme parks. ...

  • Word Count: 1674
  • Approx Pages: 7
  • Grade Level: High School

9. The Effect Of Severe Acute Respiratory Syndrome

The most vulnerable sector though, is the technology industry. ... Hong Kong, however, which is already suffering from deflation and a growing budget deficit, could be pushed back into recession. ... What is known of the economic impact in China is that five-star hotels in Beijing are registering occupancy rates of around 20% and air travel within the country has collapsed. ...

  • Word Count: 1359
  • Approx Pages: 5
  • Has Bibliography
  • Grade Level: High School