Context: The Cruise industry is not the same as it was in the late nighties. Competition has increase as well as the demand for cruises for a vacation destination (Average annual growth of 8.4%). Cruises experience in the leisure industry was the know as to have the must satisfied customers, nearly 9 out of 10 cruisers claim they would cruise again. The market is divided into two: The Luxury market and the mass market. The luxury market offered a broader variety of destinations and lasted longer than mass market cruises.
Executive Summary As the biggest chain of company-owned and -operated budget motels in the United States, Motel 6 has a number of advantages that will provide continued success into its future in motel industry. Services is the biggest strength of the motel and is evidenced by the loyal customers. Motel 6’s profits have been fluctuating up and down between 3 to 4 percent of annual revenue per room since 1995, and the company expects that will be gradually increasing by entering the extended-stay market. The study of traditional budget motels were losing customers to extended-stay properties, and the growing acceptance of the extended-stay concept could make it easier for Motel 6 to enter the market. However, Motel 6 has some disadvantages.
Increase monthly net profits goal was achieve by strategically increase the rental price in cities with high demand and growing market share. Orlando was the city with highest growing demand by volume. Demand for rental cars grew from 1.51M to 2.55M during that fiscal year. I took advantage of this high demand to gradually increase the price for rentals from $41 to $69 during weekdays and from $34 to $60 during the weekends. By the end of the fiscal year, net profits in Orlando grew from 9.2M (initial fiscal year) to 21.1M in September.
The second would be to hire a marketing expert to help increase the publicity of the bar. And lastly, the lounge could start to have weekly live entertainment from big name artists. Hiring a marketing expert to increase publicity and popularity is the recommendation. The best possible scenario is that the Chapters lounge would regain its popularity and the amount of guests will increase exponentially causing the amount of monthly revenue to go up by 88% in the first year. The worst scenario is that the publicity doesn’t help and people continue to go to the other bars and this would cause the revenue to keep dropping.
Tourism was also increasing so that a promenade and other tourist attractions were built. By the end of the Victorian era, the population was 47000 and during the mid-1900’s it had grown to approximately 147,000 and was one of the most famous British Seaside resorts; the most popular style of holiday at that point in time. However, during the late 20th Century there has been a decrease in tourism numbers and Seaside holidays have become decreasingly popular as a result of cheaper international fights and change of tastes although it still attracts millions of visitors per year as a result of its iconic attractions such as the Blackpool Tower, the Blackpool Illuminations and it’s Tramway; the UK’s only surviving 1st generation tramway. Over the last 300 years, Blackpool has
‘Cruise tourism is the fastest growing segment of leisure tourism’ (Klein 2011:107). Between 1980 and 2010, the cruise industry has seen a passenger growth rate of 7.5% on average per year and in 2010 it’s estimated that 15 million passengers took a cruise of 7.2 days average length (Cruise Lines International Association, 2011). Klein (2011), states that with such rapid growth there are concerns for the impact on the environment, local economies in popular ports and on the sociocultural nature of communities. This paper will seek to examine these impacts and the development and structure of the cruise industry as it stands today. Cartwright and Baird (1999) reveal that in 1801 the first steam driven ship commenced service in Scotland and over the following years wooden steam ships were used only for short journeys.
The city has much more potential to be an engine for economic growth because unlike the rural area, the city is always productive. The city has, over the years also managed to sustain and supplement high urban productivity for the country’s economic growth This is because more than half of the population of many countries resides in cities as a result of that more human resources are available to generate wealth in the city which leads to economic growth. In addition to that a city also has the adequate infrastructure needed to economic growth. Challenges and opportunities for development posed by the informal economy The informal economy is also known as informal sector. Previously it was a by –product of the over population.
Traveling to holy place and worshiping the god is relief the pain and pressure of the people. To travel to other countries like Italy, Spain or United States these people need a cheap transport media. So they convert all war ships and wine ships to the commercial ships to transport purpose. These ships are still heading to the cities like Santiago de Compostela in Spain. Also after the World War 2 during sixteenth century the term called “Grand Tour” become most popular among the British people.
Also, there are many that believe that gambling and casinos lead to more problems than good. It is believed that in areas with casinos and gambling, there is increased crime, divorce, suicide, prostitution, and bankruptcy. The economic effect of legalized gambling can vary. Las Vegas, NV is a prime example of how gambling can boost the economy of the area. Las Vegas has shown impressive job growth in a major city with a low state and local tax burden.
A major sporting event like the Olympics can attract 10,000s of people for the duration of the games. These foreign tourists bring a boost to the local economy. In particular the local tourist trade, shops / hotels will benefit from the surge in visitor numbers. However, it is worth noting that these visitor numbers tend to be temporary. The major sporting event only lasts for a few weeks; potentially there could be many empty hotel beds in the future.