Resort Management Case Study Example | Topics and Well Written Essays - 1750 words

Resort Management - Case Study Example The mission of Oceania Club is to provide customers with all-inclusive high-quality services in order ensure customers satisfaction and loyalty. Oceania Club sets out to create a range of high-quality serviced that are distinctive in type, and especially appealing to people who had acquired a taste for good holidays. Oceania Club guarantees the best room, the warmest atmosphere on average price. Oceania Club is aimed to achieve competitive advantage and sustainable competitive creating value for their customers, select markets where they can excel and present a moving target to their competitors by continually improving their position. Three of the most important factors are innovation, quality and inventory reduction. â€Å"Blessed with a rich flora blossoming, its amphitheatric setting, surrounded by pines, olive groves, cypress trees and a golden long sandy beach, makes Oceania the ideal place for a dreamy holiday† (Oceania Home Page 2007). The resort provides lodging and room facilities. The main lodging facilities include: lounge/tv rooms, conference/meeting facilities, business/internet center, outdoor pool, indoor pool, children playground, restaurant Piano, bar, nightclub/disco, fitness center, sauna, beauty salon. Room facilities are â€Å"A/C individual, heating, satellite/pay tv, safe box, direct phone line, terrace, etc. Also, Oceania proposes a wide range of sports and entertainment activities, children and football swimming pools and beaches† (Oceania Home Page 2007). Oceania Club market is very fragmented in terms of supply, with a large number of smaller operators being characteristic. Consolidation is an ongoing process in the sector. A frequent complaint is marketing's preoccupation with short- term thinking, and an almost total lack of 'strategic thinking', or considering the longer-term implications of external and internal influences on the organization (Hayes & Ninmeier 2003). Seasonality is one of the main weaknesses of this business. Economic strains do exist, however, and some of the most sensitive factors relate to seasonal variation in Greece. In order to attract tourist around the world, Oceania Club introduces special summer and winter offers. The price varies from $12,15 in winter to $251 in summer. This strategy helps Oceania Club to avoid empty hotels, carriers and tour operators with idle wheels, and employees jobless. Also, skillful marketing, expensive, but effective, helps Oceania Club overcome some of the problems associated with seasonality (Hayes & Ninmeier 2003). Resort Property A model building is one of the hallmarks of Oceania Club. Oceania Club is "built in a luxurious, contemporary Mediterranean style and inspired by the Greek architectural traditions" (Oceania Club Home Page 2007). Land-use zoning and the spatial separation of accommodation from the buildings increase resort carrying capacity in locations. This model distinguished between the resort which represented culture and the sea which represented nature. What emerged was a transitional zone between culture and nature, a zone of 'ambiguity' - the beach. Oceania Club has 1 building with 5 room wings, 297 rooms, 3 floors and 10 lifts. It proposes the following accommodations: double room, junior suit and deluxe junior suit, suit and deluxe suit (Introduction to

Economics Essay Example | Topics and Well Written Essays - 2000 words

Economics - Essay Example Apart from economic factors, cultural and political issues also affect inflation rate. The activities of workers’ union might create pressure on the wage rate preventing any downward movement of the same. Therefore production cost will not come down and hence increase in supply is restrained. An increase in supply of money or credit in the economy can make the incidence of inflation strong in an economy. The global financial crisis which resulted from the excess credit and increasing defaulters especially in the housing loan market led to inflationary pressures owing to increasing demand and cost of basic necessities around the world (Nanda). For the Gulf Countries where oil is a key commodity and factor responsible for growth, the rise in oil prices from 2005-2006 led to increase in related products. The increase in oil prices across the world has been occurring at a rate higher than the depreciation of the dollar. The spot price of oil rose by 171.9 percent ($65.66) and achi eved the highest point in August 2006 (reaching the peak at $76.01). Depreciation of dollar across a wide spread of currencies took place at 13.8 percent (Oxford Business Group 38-39). The paper attempts to compare two different Gulf Countries, Bahrain and UAE, with respect to the incidence and impact of inflation. Inflation The first outcome of inflation is usually reflected in the purchasing power of money. Hence there is a reduction in the real value of a good. Inflation rate which measures the price inflation has both positive and negative impacts on the economy. On one hand it reduces the real value of wealth in hands and on the other it creates an expectation of inflation in future and leads to a fall in savings and investments. If there is increased activity of accumulation of goods in apprehension that price might rise further, then there might be a crisis of supply of products in the market. If one considers the positive effects it may be reflected in adjustments of nominal interest rates which help in controlling recessions. Seeing from the demand side, low and moderate inflation are caused by demand side changes or alteration in the number of suppliers at times of crisis and increase in money supply. Going by the Keynesian viewpoint, demand-pull inflation is brought about by a rise in private and government expenditure leadings to high demand. This reflects a grot hint he economy since such higher demand and favorable market situation will lead to higher investment and growth. However cost push inflation which is brought about by supply side shock (fall in supply) could be owing to some natural calamities or high prices of inputs. For instance a sudden increase in oil prices might affect the supply side of those products for which oil is used as raw material or input. The built-in inflation is brought about by a wage-price circle where workers try to keep prices up in keeping with the market price and employers in turn pass this labor cost on to the consumers in the form of higher prices. The essential way out from inflation is the monetary policy and central banks resort to high interest rates and slowed money supply growth to control inflation. Keynesian school of economics suggest that demand can be increased during recession and decreased during boom in order to control inflation; this might be brought about by both monetary and fiscal policy adjustments (Ball). Inflation in Bahrain Inflation as not really an issue for Bahrain as it