Travel and Tourism Final Project (Interview) Research Paper

Travel and Tourism Final Project (Interview) - Research Paper Example We offer long term rates for those staying for more than one week. Tourists are either here just for leisure or actually for a business trip. Our individual target market is men and women aged 21 to 40, who would like to pay for a premium but reasonable fee in exchange for a good night’s rest in a hotel that is at the heart of Vegas. These travelers enjoy the perks of a hotel room with a state-of-the art communication technology, and generally a hotel that offers leisure amenities that will make guests relax and unwind. We also want to attract couples and facilities vacationing in the city and even just those passing by for a night or two and are on their way to a grand country tour. Generally, this target market belong the middle-earners, who can afford the rates but would still like to get the best value for their money. These are individuals gainfully employed, or have a business of their own. We attract the decision makers and that’s why our amenities are also tailo red fit to their needs. We also target group/ corporate clients who spend money to mobilize their team. We offer corporate and discounted group packages. We design these packages to attract business decision makers who would not compromise their reputational risks, but will look into budgetary issues as well. 3. Can you give a brief background of Hyatt Hotels? Hyatt is a chain of full service hotels and resorts with presence in key cities worldwide and operating for more than 50 years now. Part of its marketing strategies is the management of six unique brands that cater to different market segments, and offering unique hotel experience. Hyatt Place is focused on the business traveler while Hyatt Summerfield Suites offers all-suites, extended stay hotel which resembles the comforts of one’s home. Andaz, Park Hyatt and Grand Hyatt are for the luxurious traveler. Hyatt Regency mirrors the contemporary lifestyle, focusing on both the business traveler and vacationing individuals and families. These brands are what distinguish the company from most of the competitors. Wherever one goes, there is a Hyatt hotel that will surely cater to the client’s needs. And there is a brand for every client who wishes to have a worthwhile stay in his city of preference. Hyatt’s commitment to provide only the best in the hospitality industry has been carried out for the last 50 years, and counting. I think, it will last for another 50 years and more because the management is very sensitive to their client’s needs, and is very in tune with the trends in the hospitality business. Having the right pulse at the right issues and concerns enables our management to make good business decisions. The company continuously innovates with the developments in technology, travel and even culture itself. It will not run out of ideas and product offerings for its target market. The tourism industry is an industry that is always evolving, and despite current threats and political and economic situations, hotels will always have a way to thrive and bring home away from home for tourists and visitors. Hyatt Hotels is always committed to providing excellent service to its clients, and its staff and personnel are always aligned with this thrust. 4. Comments/ Observations The Hyatt brand is one of the most recognized hotels in the whole world. Its Vegas hotel is one of its most successful, being in a place that is much

World Trade Organization - The Problem of Dumping in World Trade Essay

World Trade Organization - The Problem of Dumping in World Trade - Essay Example This essay states that classic economic literature defines dumping from various perspectives. One such aspect relates to the distinction of dumping according to its various types. This follows that dumping can be distinguished by the nature and intent behind it. As a consequence, predatory and non-predatory dumping done by companies comes into perspective. There can be various motivations behind dumping of goods and services. From a business point of view, dumping is a type of predatory pricing or price discrimination. Price discrimination refers to the act of selling the same good or service at different prices. In conclusion, the researcher suggests that anti-dumping is the most used â€Å"contingency protection† of the WTO agreements today, and is used not only in transatlantic trade, but also by the United States and the EU. Dumping is defined as lowering of the prices of the imports in the foreign market. There are various classifications of dumping, i.e. predatory and no n-predatory as well as reverse dumping, sporadic dumping and persistent dumping. There is a lot of debate regarding dumping and attitudes towards it differ greatly. Dumping offers short-term benefits to the customers but on the global scale, it can be deleterious to the country where the prices of the imports have been lowered. However, the researcher states that despite the weaknesses of the current anti-dumping system, the WTO is the most effective institutional instrument for regulating international trade.