Boeing figures are much lower than the industry standards, which also declined from 7.40 to 5.91 for the same years (Boeing website 2012). This implies that the company may have had poor sales, which contributed to the excess inventory that is being accounted for with the increase in the days in inventory
Despite a decline in the ratio for the past two years, the company’s current ratio has increased in 2016 by 0.03. The data for Quick Ratio was extracted from the Gurufocus.com and is represented in the excel graph below. The Quick Ratio shows the company’s ability to cover its current liabilities with its most liquid assets. For the past five years, the ratio has been fluctuating under 1, which means that the company cannot currently pay its liabilities and would not be attractive investors as a potential company to invest in. Return on Equity ratio points at the company’s efficiency and earnings performance.
On the one hand, there are different categories of suppliers of products and services in the hotel industry. Thus, they are segmented and having a lower power by themselves. On the other hand, the suppliers have a strong connection with luxury hotels- Intercontinental, Hyatt, Starwood, and Hilton, due to the reason that they are essential to the provision of food and beverage, as well as well-trained services in luxury hotel business. It refers to the high quality of catering and tourist operators’ services. This is influential to hotels’ competitive advantages in price and services, which is a variable factor of reducing the customers’ sensitivity to the price.
Employees needed to be given information about the career path and the scope of growth in the company and to make the career choice in hospitality industry. Therefore, if above motivating factors implemented in the organization, it will elevate the performance of temporary staff significantly. However, the results vary according to the type of industry, the nature of work and the job profile offered to the temporary employee. Therefore, motivation of the temporary staff and the motivating factors applicable in the Grand Union are studied as
InterContinental Hotel Group (IHG) is among the largest hotel of the world and comprises of hotel seven hotel brands. Such as Holiday Inn, InterContinental, Hotel Indigo, Candlewood, Crowne Plaza, Staybridge Suites, and Holiday Inn Express. IHG also has to face the problem of credit crunch due to which their performance and growth has been impacted adversely. This hotel enjoys strong presence in the era of economic uncertainty such as credit crunch and fears of recession because of its famous brand Holiday Inn. However, in these years of crisis the share of the group dropped by about 50% because of presence of credit crunch.
Below is a graph of Spain’s unemployment rates, which has clearly taken a roller coaster of ups and downs in the past 18 years. The deflation rate, like most statistics of Spain’s economy, can be almost split up in pre and post real estate bubble pop in 2008. As shown, pre 2008 market crash Spain’s unemployment rate started much higher in comparison to the United States shown in the graph in addition to Spain. Spain was making steady progress in reducing the unemployment rates and got it down to almost 7.5%, but come 2007 / 2008 it begin to go right back up quickly exceeding the previous highs. Although, it is fascinating the ways in which Spain has always had well above average unemployment rates, while also being able to be one of the largest economies in the world at the same time.
By using hybrid conjoint analysis, Hu (1994) tried to measure the meeting planner’s preferences of hotel site selection to help hotel management understand what their customers want in the meeting business. It has been found that the “price (room rate) range” is the most important attribute in meeting planners’ considerations of hotel selection. “Location” is the second most important attribute, followed by “functional properties of meeting rooms,” “hotel guestroom comfort,” “food and beverage function,” and “hotel conference planning procedure.” However, Opperman (1996) identified in his study that hotel’s service quality as one of the most crucial factors in meeting planners’ decision process for meetings and
5.0 FINDINGS, SUGGESTIONS AND CONCLUSIONS: 5.1 FINDINGS: The current ratio shows that the company is having sufficient fund to meet its short term obligations. The current ratio has been increased during the year 2013-14 as compared to the previous year. The company’s liquidity ratio shows a satisfactory trend in the year 2013-14, it is 1.7 times more than the previous year. The current assets to total assets ratio implies that the company is maintaining a considerable level of current assets in proportion to total assets. The cash to current asset is having decreased trend from year to year, this situation is not good for company in every year.
In addition some hotels have tablets for making an order from the restaurant, obviously the guest can order online and select whatever he\she would like to drink or to eat, then the waiter will deliver the order to the guest room in not more than twenty minutes, in this case, there will be more charging for the payment, because of the delivery and the taxes which will be considered as well. So it needless to say that, it sounds useful for the hotel to boost the income and for those people who don’t like to go out and to receive the order quickly in the room. So that, guests will feel that the money they paid for the service, it would be deserved, because those hotels are charging high rate which not possible for anyone to afford it. (Instructor and Grimsley,
Hotel RM research up to now has been overwhelmingly focused on the Rooms Division and its related problems – most notably price discrimination and overbookings, among others. However, it is important that the hotel’s RM system includes all revenue centres, not only the rooms, because they can significantly contribute to hotel’s total revenues and bottom line. For some types of properties, rooms might even be a secondary revenue source. The fact that besides the rooms the hotel can have additional revenue centres complicates the RM process. Instead of maximizing room revenues only, the revenue managers must now focus on the revenues of the hotel as a