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An In-depth Study on the Hotel and Restaurant Industry In the Philippines
2001, Philippine Institute for Development Studies, …
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… Contemporary Hospitality …, 1998
This paper reviews recent trends in major hospitality sectors in the Asia-Pacific region. Viewed from the perspective of industry evolution, those in growth stages are the meetings, incentives, conventions and exhibitions (MICE), backpacker, and bed and breakfast sectors, characterised by burgeoning market demand, proliferation of specialist infrastructure, sectorspecific education and training, and dedicated development and marketing strategies. In contrast, the casino sector is facing major challenges. After a period of high growth, it has moved quickly through the maturity phase and is now seeing declining demand in some areas. In others, opposition to gambling has given way to new casino developments in the quest for economic benefits. Similar competitive forces are evident in the licensed clubs sector, where a proliferation of gambling options has undermined traditional sources of revenue in some jurisdictions, yet provided new sources in others. Conversely, the hotel and restaurant sectors can be considered mature. Many hotels are attempting to retain competitiveness through increased attention to facilities development, asset management, market segmentation and use of new technologies. However, the restaurant sector appears focused on product revitalisation. Mega restaurants, celebrity chefs, the multi-cultural integration of Asian-Pacific influences, 'upmarket '60s' facilities design, and involvement of the customer in the culinary process reflect a new interest in the 'theatre' of the dining experience. While these trends have characterised the evolution of hospitality industries in the region during the last few years, the recent economic turmoil in Asia will no doubt produce new challenges, as well as opportunities, in the lead up to the next millennium.
International Journal of Research Studies in Management, 2021
This study aims to proposed a framework of guest focused among resorts in Cagayan Valley Region, how does the new operation most likely be change or upgrade for new normal operations in the region, amidst the abrupt change of economy, to analyze the operating procedure for a new normal in the hospitality industry. The nature of the tourism industry such as resort, allows business to operate in to remote areas. Economically, tourism provides employment and wages that help to decrease unemployment and increase the circulation of money through the community. Thus, tourism specifically investing a resort means money for capital investment and local tax revenues. Tourist for example take with them their own peculiar tastes and standard of living, to which the investor must cater if expects, repeated business. In developing countries, the need to accommodate these special requirements often results the need for imported capital, imported technology or even imported management skills. Thus, some investors, as an opportunity, seek for incentives in local projects such as team building facilities designed to serve inbound visitor. Once built, the facilities become indispensable as economic asset. Quantitative method is the type of research in the study, participants of the data gathered was the customer, the owner and the LGU of Region. The quality of the service serves within the region on how to cope up in the new normal comparison of services before during and new normal due to pandemic. Sudden changes in hospitality decline the economic grow worldwide, thus in whatever circumstances a future plan was ahead of time, a lesson to learned that nobody knows it will happen, the researcher would like to recommend the region in partnership with LGU to work together to start fresh to encourage customers the safes way in general.
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Gastronomy tourism offers a unique touristic experience that positively affects other tourism industry sectors. This study focused on assessing gastronomy tourism and its relationship to the hospitality enterprise image of Guiuan Eastern Samar. A descriptive-correlational was applied with two sets of survey questionnaires with Cronbach alpha of 0.87. A total of 400 respondents participated in the survey. The data obtained were analyzed using mean, standard deviation, and Pearson's correlation for the relationship of the variables. The results showed that gastronomy tourism of Guiuan, Eastern Samar, significantly contributed to the local pride and culture of the town as it preserves the local spice herbs and generates employment to the local community. Moreover, product, promotion, and management have a significant relationship to the hospitality enterprise image. Thus, it is recommended to maintain a reasonable price of the gastronomical products and provide sufficient informati...
The need for a temporary change of setting, scenery, environment, or experience or a rediscovery of roots and heritage has become an even greater driving force, leading to tourism on an organized, global-scale basis. Thus, this brings to the establishment of Filipiniana Hotel in Calapan City, Philippines which is a 50 room hotel that offers leisure and business travelers various attraction as well as business and investment opportunities. The hotel provides the guests with affordable quality hotel services in the true economy and standard categories. These premises of ideas inspired to conduct research study on the economic contributions to tourism development of the operation of this hotel. Using descriptive-correlational method of research survey questionnaire to 50 valued clients and employees, the study found out that the status of operation of Filipiniana Hotel in terms of business actions-strategies, tactics, networking, and expansion/ diversification, management, finance, and marketing were effectively done. The economic contributions to tourism development of Filipiniana Hotel in terms of self-sufficiency, increase in income, and livelihood program were at high level. There was a significant relationship between the status of operation and level of economic contribution to tourism development of Filipiniana Hotel. With this, the study recommended that the hotel should set decisions resulting in the formulation and implementation of strategies and plans designed to achieve the objectives of the hotel; and plan for expansion/diversification, continuous linkage with local associations and government agencies, marketing programs and production operations should be included in an action plan.
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We report striking evidence of semi-strong inefficiency in the UK fixed-odds football betting market using a reputable newspaper tipster which offers probabilities of match outcomes rather than simple result indicators. Betting on the Fink Tank probabilities of home wins across 10 bookmakers, when there are positive expected returns, would have generated positive returns in each of the seasons from 2006-07 to 2011-12 for a variety of different betting strategies. These returns could have been enhanced by employing the best odds from a greater number of bookmakers. However, the fact that pure arbitrage bets have existed for years and appear to last for several hours or days suggest they are in practice not exploitable to a magnitude that poses any threat to bookmakers.
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