The business that I will be using is La Quinta Inns & Suites. I would recommend to my CEO, Wayne B. Goldberg, that we expand our hotel industry into the United Arab Emirates, more specifically, Dubai. The United Arab Emirates has an excellent financial system with a lofty income and an extensive yearly trade surplus. Booming efforts at economic diversification have concentrated the portion of Gross Domestic Product based on oil and gas output to 25 percent. Once oil was discovered, the country had undergone a deep change from a poor region of little desert principalities to an up to date and modern state with a very high way of life. The government of the United Arab Emirates decided to invest more time and resources into job creation. In April …show more content…
These types of incentives are helping to entice foreign investors from all over the world (Research and Markets Offers Report: Country Forecast United Arab Emirates). This statistic had a major influence on why I recommended to my CEO that we expand our business into this country. The United Arab Emirates is also becoming the destination of choice in regards to vacations and tourism. Dubai is home to the tallest building in the entire world. In 2009, the United Arab Emirates economic performance had depreciated momentously. The real gross domestic product growth for the United Arab Emirates went down by a whopping 4.8 percent! The reason this occurred is because there was reduced construction activity in Dubai. The Organization of Petroleum Exporting Countries, or OPEC, oil production cuts affecting Abu Dhabi was a reason for the dramatic decline in the gross domestic product. Another reason for the decline was because there was a weak foreign direct investment and lower domestic investment. Construction in Dubai effectively came to a standstill, as the global credit crisis battered the Emirate’s real estate market and left companies unable to raise loans
My group previously visited the Sheraton Hotel for our first interview with the front desk manager and it went very well. We decided to keep with the same hotel for our next interview, but due to a last-minute cancellation from the housekeeping manager we were not able to complete the interview. Due to this situation, I will be talking about a whole different hotel - G6 Hospitality. The name G6 Hospitality refers to the hotel brands – Motel 6 and Studio 6. I chose to G6 Hospitality because it is a well-known company that I wanted to know about more in-depth. From all my research, I have gained a lot of insight on what G6 Hospitality is all about.
This controversy is one of the reasons that share culture is so fascinating. Where is the balance between the benefit to the consumer and the loss of business to companies such as taxicabs, whose customers are being pulled toward other alternatives like Uber and Lyft? The pros and cons have been hotly debated, and even the legality of the sharing culture is in question. Airbnb home-owners are not subject to the room taxes hotels pay, which are a major source of revenue for cities like Los Angeles. Lyft and Uber were even issued a cease and desist order until their legality and licensing were established.
Accommodating customer requirements in most supply chain arrangement requires a forecast to drive the process. (book page 133) When looking into the definition of forecasting which is projecting what is going to be sold (units, seats, rooms etc) it is also important to take into consideration where and when in order to reach the future goals. (book page 133) Since it is argued that effective supply chain and logistical capacity is an important competitive advantage. (Christopher 2005) Where maximizing the revenue is the key element in hospitality sector and for hotel industry there is an increased attention on effective demand management and forecasting for reservation systems. (http://www.sciencedirect.com/science/article/pii/S0169207002000110)
The Portman hotel is one of the luxury hotels in the hotel industry. The size of the hotel is relatively small; it has only 348 rooms and 21 floors. The objective of this hotel is to bring Asian hospitality to the US. This hotel is different from other hotel because it offers the services of personal valet and also it had “ no rules for the guests”.
Reviewing the Methods that used by Walid to found and expands Cravia and demonstrate the success occurs while take decision to move to Dubai. Also, clarify the difference between scaling an existing enterprise and increasing the scope of a business.
After the crisis UAE’s economy suffered from 2008-2009 the economy has diversified itself and does not depend solely on oil anymore but also on other sectors such as tourism. The inflation rate of Dubai is 0.33% which is also significantly low (Dubai Statistics Centre,2016).The small medium enterprise does not want to take a risk where there are fluctuations in price level thereby effecting the buying power of people and also the demand and supply of the Al-Simpkin’s product. Furthermore,the government encourages foreign investment and besides the agent there are free zones such Jabel Ali which is the largest
...ies and a secluded women-only pool for those who wear headscarves illustrate the values of the locals. It also serves halal food and allows for 5am wakeup calls for morning prayers. Another form of western architecture that exemplifies the importance of local and national factors is the Dubai International Airport. It too caters for the Muslim population by supplying separate washrooms, prayer spaces, halal food stores as well as hiring women customs workers for searching any women wearing the head scarf if necessary. For a hotel to be designed in Dubai the exact same way as it would be in the West may prove to be unsuccessful simply because the target market or majority of Dubai’s population would not be catered for. All in all, it is evident that the local, regional and national factors of Dubai do remain exceedingly important throughout the globalisation process.
Iran, Oman and Saudi Arabia have some of the highest unemployment rates of the countries that border UAE all over 10%. Qatar has remained steady the past two years with a .5% unemployment rate mainly due to its small population and diversified economy (CIA -World Factbook). Diversification has been the focal point of the UAE for the past few years. In an attempt to release itself from total dependence on oil, UAE has begin development of new plants and factories. UAE has also increased spending on job creation and enforcing the rights of its labor force (CIA-World Factbook). Education has also been receiving more attention with the development of secondary education institutions and a number of fine institutions of higher learning have begun to be established. With the development of new plants and factories, economic recovery, and emphasis on education and entrepreneurship, the UAE has begun the processs of creating more job for its
The hospitality industry is a broad industry enjoyed by many members of the public. it holds a lot of diversity ranging from the services of a 5 star hotel to a small cafe on the corner of a street. Although the hospitality industry is so big and diverse all of the businesses in it have one thing in common, They are looking for returning customers. To gain more returning customers businesses are always looking for new content to make them the next best thing. Australians are regarded as people who are always looking for a good time. This good time is most commonly paired with heavy alcohol use and in return australia’s hospitality industry has responded with selling and supplying alcohol to customers and directly caters towards them by the
The Hotel industry has become very important in the past years due to immense traveling and growth of international business. Hotel industry not only plays an important role in the life of people but as well as the economy of the country. Development and advancement in the Hotel industry have rapidly been taking place and especially since the rapid change in technology, it is very important for hotels to be promptly keeping up to date. When the hotel industry is spoken of, there are many famous hotels but one hotel company that has been outstanding in growth and other aspects of business, like in Leadership, Teamwork (Employee turnover), Motivation (Customer retention and satisfaction, Goals and objectives, (changing the way hotel business has worked), and Change within the company; structurally inside and physically outside, adding elements, like entertainment, gaming, and outdoor activities, is the Hilton Hotel Company.
Dinner Bell Hotel is a Michigan resort, with large meals, farm animals, petting zoo, lake for swimming and much more. As suggested by the name, the hotel holds the tradition of ringing the bell to announce mealtime. July through early November is the busiest time for the hotel as all summer and fall guest enjoy the atmosphere of an old-fashioned resort with a comfortable environment. The weather gets too cold by early November for most outdoor activities thus in order to attract customers, the hotel has also built an indoor pool and developed long theme weekends like classic movies.
Macro-environment analysis: Opportunities and Threats PESTLE Analysis Market Analysis The overall industry saw a strong boom rate from 2010-2014. The global hotels & motels industry had total revenues of $677.1bn in 2014, representing a compound annual growth rate (CAGR) of 4.6% between 2010 and 2014. In comparison, the Asia-Pacific and US industries grew at CAGRs of 6.6% and 5% respectively, over the same period, to reach respective values of $163.7bn and $166.2bn in 2014 (Global Hotels & Motels 7). The reason for this growth is due to the Asia-Pacific Region and the Americas.
Have you ever wanted to see the world’s richest country? That is covered with exotic beaches. Food that will defiantly cure your taste buds. Luxurious cars everywhere you turned your head. Seeing different people from all over the world coming to visit. A place that’ll for sure entertain you. To get a taste of this lifestyle that’s overseas, you need to visit Dubai.
The Hotel industry has become very important in the past years due to immense traveling and growth of international business. The Hotel industry not only plays an important role in the life of people but as well as the economy of the country. I spent an hour of my day relaxing in the lobby at the Fontainebleau resort in Miami, while on vacation with my family visiting from out of state. It was my first time staying at the resort so I was eager to check it out, after seeing such great reviews on Yelp and hearing great things from friends who have been there in the past. The employees working at the resort were very welcoming, professional and willing to go above and beyond to help their guests. The check-in process was very quick due to having
This city alone generates more than 15% of the UAE’s GDP. Moreover, Abu Dhabi serves as a venue for several significant financial institutions such as the UAE’s Central Bank and the Abu Dhabi Securities Exchange, among other multinational and national companies. During the last decades Abu Dhabi has diversified its economy by heavily investing in tourism, financial services, among other areas. Particularly in the case of tourism, Abu Dhabi is already known as one of the most important touristic centers all over the world. Next, we are offering you some information about Abu Dhabi tourist