accommodation types target different kind of customer. As a Resort, it mostly target luxury leisure travelers as those consumers would be willing to afford more money to enjoy their vacations. Most of the resorts are built far away the downtown, travelers could be escaped from the urban landscape of downtown. Resort are always built near the seaside, rain forest, and even some of the ski resort are built on the snow mountain. Resorts provide couple recreation facilities to the travelers, such as
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Case 1: Wynn Resorts What are Wynn Resorts’ distinctive resource and competencies? Resources: 1. Steve Wynn- A most important Key resource is Steve Wynn himself. It is clear that he has a great instinct for the business and has immense passion for his trade. His vision for where the business is heading and his instinct for what his customers would love made him a billionaire in a relatively short time. In addition, he is not just a strategic, “big picture” kind of a person. He also is a hands-on
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BUS/475 Balderman Island Resorts Balderman Island Resorts is a self-contained, all-inclusive resort destination, which is in experience all within itself. Balderman Island is a place of relaxation, indulgence, and a place where you have every need taken care. Balderman Island prides themselves with their fine dining, surrounding hotels, Oasis Spa, William C. Martin Botanical Gardens, and many additional amenities. These amenities designed to take care of the patron, but they been designed
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Gunter: Mr. Gunter, the organizational manager of Green Mountain Resort, contemplated over various issues that were hindering the growth process of his employee’s high turnover problem. As the developers begin planning the implementation of the facilities, the developers did not predict or foresee Green Mountain Resort staying in business for a long time (Palmer, Dunford & Akin, 2009). In the beginning Mr. Gunter was taking more of an image of change as a Director as he identified turnover as a
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Turnover at Green Mountain Resort Matthew J. Riley Colorado State University – Global Online Campus Which of the six change images discussed in this chapter can be identified in the assumptions about managing turnover that were held by; Gunter: I believe Gunter took more of an image of change as a director in the beginning. Acting as a director, he immediately identified vast turnover as a problem at Green Mountain Resort and set a goal to fix the “problem” he realized. As Gunter enlisted help
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NIBC Valuation Memo Analysis of valuation methodologies Comparable company analysis compares trading and operating performance of the Wynn Resort to its peers. We used this valuation method to determine how the market has valued the earnings and cash flows of similar companies and allow us to analyze other parameters such as book value, leverage and margins. The main benefit of this valuation methodology is that market efficiency ensures that the trading multiples are similar for companies
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both in the sale of lift tickets as well as overall sales of resort stays, shopping and restaurants. Deer Valley Resort is an over 2,000 acre upscale ski resort near Park City, Utah. It is most well-known for being an Olympic Venue during the 2002 Olympic Winter Games in Salt Lake City (Official Report, 2002). The resort currently has 21 chair lifts and 7,500 skier daily lift ticket limit (Resort History, n.d.). The resort’s management has considered adding an additional five ski lifts to the mountain
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TITLE: Villa Pena Resort Reservation System Introduction: “Due to the enormous increase in tourism worldwide during the last decades of the 20th century, standards, especially those of smaller establishments, have improved considerably. For the sake of greater comparability, systems have been introduced.” Technology in the form of computers, communication devices and laborsaving mechanical equipment has had and will have a major effect on the way in which hotels are managed and
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companies in seven business sectors. One company in the portfolio is the Taj Hotels Resorts and Palaces, which consists of 59 hotels at locations across India and internationally. In this very complex company, corporate - level decisions are made for all 96 businesses, but business strategy decisions are made at the firm level. Hence, business - level decisions that concern the Taj Hotels Company are made by senior management of the hotel chain, while functional leaders, such as those who lead human resources
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Green Mountain Resort Case Study HRMG314 – Managing Organizational Change Green mountain resort was a small resort that was not expected to be in business very long. The resort manager had other plans, as part owner he had visions of making Green Mountain Resort a first-class resort. The issue he faced with achieving his vision was the resorts turnover problem. He had tried many different strategies to reduce turnover including focusing on streamline
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