order to become TUI group. This group is a company of opportunities for the customers‚ employees‚ and shareholders. Since the company is under one roof‚ all the companies like unique hotel portfolio‚ cruise lines‚ airlines‚ distribution strength of tour operations that go on through online and through other travel agencies in all over the Europe. Now the company is functioned in 180 states of the world and also claimed
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analysis involves. Three important steps: Industry Analysis: Every industry has a different profit potential‚ some are more profitable while other are less‚ because literature suggests that the profitability of an industry is influenced by the five forces. In this step‚ factors which drive the industry profitability are identified. In general profit is influenced by the degree of rivalry among existing competitors‚ the ease with which new firms cant the industry‚ the availability of substitute products
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risk. 1 company may lose identity. Job losses can occur. Staff may not like the change leading to demotivated employees. If one company fails it can affect both. • How does Horizontal integration benefit the organisations concerned? -Can increase profitability. Staff can be trained to do more than one job. Bigger customer base. Less competition. More competitive in the market. • How does Horizontal integration benefit the customer? -Customers have the security of knowing they have two organisations reputation
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there is only one firm‚ which is large in size. The firm has to provide the market’s supply‚ and there are high barriers to entry. There are no close substitutes for the goods the monopoly firm provides or produces‚ and the monopolistic market operator should make up the entire market. The conditions for a monopolistic competitive market are as follows: the market has many small firms‚ there are no barriers to enter the market‚ each firm offers a different kind of product to the market‚ and
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on a global basis and to study the viability of a hotel project‚ taking into account the five competitive forces of Michael Porter’s Model. The main competitive forces and factors within those forces will determine the feasibility and potential profitability in a hotel project. The two crucial factors that enable hotels to differentiate themselves are good location for relative target market and quality of service. INTRODUCTION Industry can be broadly defined as a group of companies producing products
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Canadian Rocky Mountains‚ overlooking one of the most photographed panoramic sceneries in the world. The resort hotel is owned and operated by Fairmont Hotels and Resorts of Toronto‚ Canada. Fairmont Hotels and resorts is a leading North American operator of luxury hotels‚ with properties in Canada‚ USA‚ Mexico‚ Bermuda‚ Barbados and UAE. The Group has many landmark hotels in its portfolio‚ in New York‚ Boston‚ Toronto and Quebec City. The group also operates several mid market Canadian business
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heritage attractions‚ castles and etc… 4- Tour operations- these are the holiday companies that combines different parts of a holiday (airlines‚ accommodation‚ other travel services) into one package and sell them through travel agents or direct to the consumers. Tour operators are known to be the wholesales of the travel business. Types of tour operators are mass-market operators‚ specialist operators‚ domestic operators and incoming tour operators. 5- Travel agents- Travel agents sell transportation
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PERSONNEL: DUTIES‚ FUNCTIONS AND RESPONSIBILITIES HOTEL DIRECTOR The Hotel Director is responsible for all hotel departments onboard and supervises all "hotel" department heads to ensure company standards and procedures are being upheld‚ in an effort to maximize guest service and satisfaction. The Hotel Director oversees crew morale onboard and allocates crew cabins. They are directly involved in the maximization of onboard revenues and will monitor and control expenses and requisitions of
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5. What does the plantation tour industry in the New Orleans area look like? Who are the major players and what are their relative strengths? The plantation tour industry in Southern Louisiana takes advantage of the proximity of both New Orleans‚ a major international tourist destination‚ and Baton Rouge‚ a medium sized state Capitol and college city‚ to draw visitors interested in experiencing antebellum plantation life on the Mississippi River. Plantation tours represent a side activity for tourists
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B……………………………………………………………………………………………………….26 1. INTRODUCTION Ratios are invaluable profit tools in financial analysis that can provide information on valuing a company. In this report‚ I am going to focus on the financial statement of the travel and tour operator company ‘TUI TRAVEL PLC’. I will start with the background of the company and I will move on to measuring the financial performance of the company through a competitive analysis of the company’s financial statement for the financial years 2011
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