Questions
We are currently in the midst of a global pandemic. Are there any goods or services...

We are currently in the midst of a global pandemic. Are there any goods or services that may switch from “normal” to “inferior” or vice versa during this health crisis? Do you think any such changes will be permanent?

* not services like health insurance or park admissions perferbably some goods

In: Economics

Find the 80% confidence interval for the standard deviation of the ages of seniors at Oak...

Find the 80% confidence interval for the standard deviation of the ages of seniors at Oak Park College if a random sample of 21 students has a standard deviation of 2.3 years. Assume the variable is normally distributed.

a.) (1.9,2.9)

b.) (2.6, 3.3)

c.) (3.7,8.5)

d.) (2.6, 7.0)

In: Statistics and Probability

Are these amusement park rides equal in terms of monetary revenue? Test at α = .01...

Are these amusement park rides equal in terms of monetary revenue?
Test at α = .01 significance level.

Tornado:                     Average daily revenue = $300.00;   standard deviation = 45.0;    n = 12

Double Blizzard:          Average daily revenue = $320.00;   standard deviation = 38.0;    n = 17

In: Statistics and Probability

You have just been hired as the manager of a four-star city center hotel. Your prices are 20 per cent

You have just been hired as the manager of a four-star city center hotel. Your prices are 20 per cent cheaper than comparable competitors. You have decided to increase your prices by 15–20 per cent. What are the implications of this decision?

In: Accounting

a. How will you use the solar energy for day lighting, space heating and cooling in...

a. How will you use the solar energy for day lighting, space heating and cooling in the buildings? Explain in detail.
  
b. What are building integrated micro wind turbines? explain how you will use them in a beach resort (Hotel, ex- Millenium beach resort) project.

In: Civil Engineering

Imagine that you work in the human resource department at Marriott’s corporate headquarters. Your team is...

Imagine that you work in the human resource department at Marriott’s corporate headquarters. Your team is thinking about ways it might use My Marriott Hotel game as part of the selection process. How could you use it? How would you measure its effectiveness?

In: Operations Management

what is plant based food? what is Disney Healthy dinning plan? what is healthy options when...

what is plant based food?
what is Disney Healthy dinning plan?
what is healthy options when you got to a theme park ?
How many people at each year at World Disney World.
How has Eating healthy food changed Disney World?

In: Economics

Use PHP, javascript and a little bit of Html More focus on php Create a logout...

Use PHP, javascript and a little bit of Html

More focus on php

Create a logout page (for patients) in hotel management.

Please provide the screenshot of the output too (logout page).

Hint: the logout page should include like this thanks for visting etcetera.

Thanks in advance

In: Computer Science

Larime Corp. is forecasting 20X2 near the end of 20X1. The estimated year-end financial statements and...

Larime Corp. is forecasting 20X2 near the end of 20X1. The estimated year-end financial statements and a worksheet for the forecast are given below.

Management expects the following next year.

  • An 9% increase in revenue.
  • Price cutting will cause the cost ratio (COGS/sales) to deteriorate (increase) by 2% (of sales) from its current level.
  • Expenses will increase at a rate that is three quarters of that of sales.
  • The current accounts will increase proportionately with sales.
  • Net fixed assets will increase by $5 million.
  • All interest will be paid at 12%.
  • Federal and state income taxes will be paid at a combined rate of 43%.

Make a forecast of Larime's complete income statement and balance sheet. Enter your dollar answers in thousands. For example, an answer of $12 thousands should be entered as 12, not 12,000. Round percentage values to 1 decimal place. Enter all amounts as a positive numbers.

Larime Corp. Projected Income Statement ($000)
    20X1 20X2
    $ %     $ %    
Revenue $245,876 100.0 $   100.0
COGS 145,794 59.3   
Gross Margin $100,082 40.7 $  
Expenses 49,578 20.2   
EBIT $50,504 20.5 $  
Interest (12%) 9,579 3.9   
EBT $40,925 16.6 $  
Inc Tax (43%) 17,598 7.2   
Net Income $23,327 9.4 $  
Larime Corp. Projected Balance Sheet ($000)
ASSETS LIABILITIES & EQUITY
20X1 20X2 20X1 20X2
C/A $179,157 $   C/L $83,574 $  
F/A 133,478    Debt 77,648   
Total $312,635 $   Equity 151,413   
Total $312,635 $  

In: Accounting

Wall Street Journal - July 11, 2011 By ALEXANDRA BERZON "Red Carpet for the Chinese -...

Wall Street Journal

- July 11, 2011

By

ALEXANDRA BERZON

"Red Carpet for the Chinese - Hotels Add Menu Items, Translators, Other Services for

Growing Travel Segment"

The traditional Chinese rice porridge, called congee, will soon become a staple of hotel

breakfast buffets in America and abroad as U.S.-based hotel chains compete for

growing numbers of Chinese travelers.

The Chinese dish is part of a set of broader initiatives to attract Chinese travelers at

hotel giants Hilton Worldwide Inc. and

Starwood Hotels & Resorts Worldwide

. This summer, both hotel companies are rolling out hospitality standards centered on items

that cater to Chinese guests in hotels across the world

Congee breakfast is among the Chinese-style

amenities at the Hilton in San Francisco's

financial district.

Starwood plans to announce a program

Monday called "Starwood Personalized

Travel," which will require the company's

1,051 hotels—including the Sheraton, Westin

and W chains—to offer a set of specific

services for Chinese travelers, including in-room tea kettles, slippers and translation

services, in addition to new menu items.

The program will start at 19 hotels in cities such as New York, London, Mexico City,

Seoul and San Francisco, where Chinese business is rapidly growing. The program will

cover all Starwood hotels by the end of next year, the company said.

Hilton on Monday plans to announce a program for its Hilton Hotels & Resorts brand

called "Hilton Huanying"—from the Chinese word for "welcome." Hilton hotels can opt

into the program. Those that do—30 so far—must provide a front desk worker fluent in

Mandarin and a Chinese television station, as well as a full Chinese breakfast including

dim sum, congee and fried dough fritters, among other items. It will begin in August.

"Chinese travel is going to provide one of the great opportunities that we'll ever see in

the business," said Hilton Chief Executive Chris Nassetta.

Marriott International

Inc., meanwhile, is planning a new Chinese breakfast program in

the U.S. this fall that will include information for hotels on how to create a Chinese

breakfast.

Chinese foreign travel is still a small segment of overall global travel. But these moves

by hotel companies signal the growing importance that Chinese travelers are expected

to have in the coming years for the travel industry. They reflect both the leap in China's

economy and the loosening of restrictions on travel since as recently as a decade ago,

when Chinese were not allowed by their government to visit most countries.

"Outbound travel from Chinese is the next wave," said Starwood CEO

Frits van

Paasschen

.

The changes in part follow a script from the 1980s. As Japan's economy boomed, hotels

in many cities in the U.S. and around the world added Japanese breakfast items such

as rice, dried seaweed, pickled vegetables and miso soup to their menus.

The Starwood and Hilton Chinese programs are more formal and reach across their

portfolio of hotels. Attracting the new travelers is also urgent priority as growth in travel

dollars from many markets softens.

Global hotel brands have seen significant pick-up this year following deep declines

during the downturn. However the boost has been far greater in Asia than other regions,

reflecting in large part the growth of travel among Chinese.

In the first quarter of 2011, for example, Marriott saw revenue per available room in Asia

increase 17.2% compared to 5.8% in North America.

According to the U.S. Travel Association, 802,000 mainland Chinese residents visited

the U.S. in 2010, a 53% increase over the prior year. In 2005 just 270,000 Chinese

people visited the U.S. The Department of Commerce expects those numbers to reach

994,000 in 2011. The U.S. received $5 billion from Chinese visitors, according to the

Association, a 40% increase over 2009.

Japanese visitation in 2010 was much larger—around 3.1 million. Yet the trends are

divergent. From 2006 through 2009 travel from Japan declined each year, finally in

2009 reaching the lowest point since 1988, according to the Travel Association.

After Starwood executives noticed an enormous recent jump in the number of Chinese

subscribing to Starwood's loyalty program, a team led by Matt Gaghen, Starwood's vice

president of brand management, spent the last year researching the Chinese market

and discovered that language and food were two of the most important issues for

Chinese travelers.

As such, all Starwood hotels are to beginning efforts to hire at least one person on staff

who speaks a Chinese language. Chinese guests will receive a note from the general

manager translated into Chinese that offers the amenities available to them, such as tea

kettles, razors, toothbrushes and combs.

Since Starwood generally doesn't own hotels but sets standards for them, the changes

could mean a cost increase for hotel owners in some places that don't yet see many

Chinese travelers.

"We're planning and investing in this to get ahead and to appeal to Chinese at the

outset," Mr. Gaghen said.

Questions

25 possible points, 5 points per question.

1.

What services are hotel chains adding to cater to Chinese travelers? Identify 2-3

services that you can think of that are not mentioned in the article.

2.

What types of marketing research would you recommend to hotel chains to better

understand the services that Chinese travelers will want and expect?

3.

Besides hotels, what other firms could benefit from the increase in Chinese

travelers, and how should they tailor their services for this market?

4.

If your future employer is a firm that targets Chinese consumers, what skills and

experience will you need to contribute to your employer's efforts?

5.

Which aspect(s) of the business environment (economic, technological,

sociocultural, political/legal) are being affected the most in this article? Provide

specific examples.

In: Operations Management