Questions

• What company and industry have you selected, and what are some of the risks that the company and industry are facing in the current economic and political environment? You need to research risks from current financial publications (e.g., Bloomberg, The Financial Times, The Economist). Note: For this assignment, a current publication is no older than four years. Quote your source.
• Has the company addressed these risks? If yes, how? If not, what should they have done?
• Is another competitor on the market facing the same risks, and how did they address them? Briefly summarize.

Answers

The company I have decided to focus on is Marriott. Marriott was founded in 1927 in the United States. Marriott has hotels in over 87 countries and has 19 brand names. Recently, there had been a merge between Marriott and another major hotel brand, Starwood Hotels. Starwood was officially taken over by Marriott in 2018, to create the largest hotel company in the world (Whitmore, 2018). Whitmore also mentions the merger will create the largest loyalty program as well.  

            The political risks Marriott faces are international terrorism. With hotels continuously growing and building in other parts of the world, there is always the fear of terrorist attacks happening. Jan Freitag (2017) explains that in an area where a terrorist attack has happened, there is no normal curve of demand since they all behave differently. She says that when hotels rely more on leisure travelers, then the hotel is affected more in the short term. Hotels are continuing to grow and expand into different countries of the world and most of them are thriving. Hotels, including Marriott, need to make sure their staff is trained in what they need to do in order to protect themselves and their guests at all times. Marriott has taken into consideration the risks of international terrorism and has trained their staff on the importance of protecting their guests and the procedures that need to be taken.

            The economic risks Marriott is facing are taxation changes. When a guest books at a hotel, that hotel charges taxes per night you stay there. The taxes differ on each state. The room rate is the price in which is taxed with state and local tax fees. The Department of Taxation and Finance (2012) explains that “Hotel operators must collect sales tax on the room rate or rental charge for hotel occupancy.” Hotels must charge these taxes to their guests for their hotel occupancy. On top of taxes, some “touristy” places may charge an additional fee such as a “resort fee.” Marriott has addressed these risks as they charge their guests the taxes per night as well as a resort fee when staying in a touristy area.

            Any company in the hotel industry has to address these risks. These risks are not just a Marriott companies problem, they are a hospitality industries risk as a whole. The Hilton, Hampton Inn and other hotel brands have these risks and have taken the same measurements the Marriott Corporation has in order to make sure their company succeeds.

For chegg: Please note I have answered the questions above already. What I am asking of you is to provide a analytical feedback. No plagiarism. In your response to the above post, please provide feedback, including different examples related to the risks and their impacts on the specific industry or company. Comment on the similarities and differences in your responses.

Please assist if familiar with the given scenario, thanks!

Famous artists Georgia O'Keefe and Alfred Stieglitz donated 101 artworks to Fisk University in the 1940s. But the gift had two conditions: The pieces could not be sold and they had to be displayed as one collection. Over 50 years later, Fisk could not pay to maintain the collection and decided to sell two of the pieces. Proceeds of the sale would go to restore its endowment and build a new science building. The Georgia O'Keefe Foundation sued to stop the sale, arguing that the artists would have opposed it.

Should the law permit this sale?

Do you agree with Fisk's actions?

What duties do gift recipients have to donors?

What would Kant and Mill say?

Hotel California is a small modern-style hotel located not too far from the Central Bangkok District. Your job is to write a simple piece of software to manage the room occupancy. The hotel has two buildings; each building has four floors; and each floor has a different number of rooms. Building A has five rooms on each floor. Building B has four rooms on each floor. Each room is graded with Standard, Deluxe, and Suite, and the rates per night are $100, $250, and $600 respectively. In both buildings, the rooms on the first and the second floors are Standard; the rooms on the third floor are Deluxe; and the rooms on the fourth floor are Suite.

Write a program that allows the hotel front desk to reserve a room for its customers. When a customer reserves a room, he needs to provide his name (first name and last name), his phone number and the room grade. The system must check for the availability of that room grade. If the preferred room grade is available, the reservation number will be generated and the room number will be assigned to that reservation. If there are no rooms of that grade available, a proper message must be shown.

Note that the hotel policy allows only 1 room with 1-night stay per booking. If the customer wants to book more than one rooms, he needs to make more reservations. The hotel allows the room to be booked only one day in advance. Hence, the system will only have the booking for tomorrow's check-in.

The front desk should also be able to record the payment for a reservation during the customer's check-out process (given a reservation number, the customer's name or the customer's phone number). If the customer has more than one reservations made on that day, the list of reservations must be shown so the front desk can apply the payment to such a reservation. In order to keep track of the hotel's income, the staff should be able to print the sales reports for each building (grouped by the room grades).

Use java to Design and implement the system for Hotel California. Comment on methods and functions to explain the logic of your code

The opera theater manager calculates that 15% of the opera tickets for tonight's show have been sold. If the manager is accurate, what is the probability that the proportion of tickets sold in a sample of 690 tickets would differ from the population proportion by more than 4% ? Round your answer to four decimal places.

Twenty people check their hats at a theater. In how many ways can their hats be returned so that

(a) no one receives his or her own hat?

(b) at least one person receives his or her own hat?

(c) exactly one person receives his or her own hat?

At the movies: A movie theater is considering a showing of Puppet Master for a 80's thowback night. In order to ensure the success of the evening, they've asked a random sample of 53 patrons whether they would come to the showing or not. Of the 53 patrons, 30 said that they would come to see the film. Construct a 95% confidence interval to determine the true proportion of all patrons who would be interested in attending the showing.

a) What is the point estimate for the true proportion of interested patrons? (please input a proportion accurate to four decimal places)

b) Complete the interpretation of the confidence interval. Please provide the bounds for the confidence interval in decimal form, accurate to four decimal places, and list the lower bound first.
"We are ... % confident that the true proportion of patrons interested in attending the showing of Puppet Master is between ... and ... "

c) The theater is only willing to show Puppet Master if they are confident that at least 40% of their patrons would be interested in seeing the film. Should they show it?

part 2

Duque Vergere manages a Do or Die Theater complex called Cinema I, II, III, and IV. Each of the four auditoriums plays a different film; the schedule staggers starting times to avoid the large crowds that would occur if all four movies started at the same time. The theater has a single ticket booth and a cashier who can maintain an average service rate of 280 patrons per hour. Service times are assumed to follow an exponential distribution. Arrivals on a normally active day are Poisson distributed and average 210 per hour. To determine the efficiency of the current ticket operation, Duque Vergere wishes to examine several queue-operating characteristics.

d.) What is the average time spent waiting in line to get to the ticket window?
e.) What is the probability that there are more than two people in the system? More than three people? More than four?

Regarding the hotel/hospitality industry

Who are the competitors? Is it easy to start a business in this industry? Are there significant entry barriers? What are the dominant characteristics and current trends in your industry?

Discuss industry size in terms of the number of companies, total employment, capital investment, major customers, and annual revenues. What are the driving forces of change in the industry, (e.g., innovation, technology, and buyer preferences and lifestyles)? State how organizations compete within the industry and identify the critical success factors in this industry.