Some commentators have taken the position that risk management is actually more important than revenue management in the hospitality industry (Nand, 2011). Accordingly, this report prepares a risk management strategy for a small, boutique hotel in order to address this outstanding need. The business at present has a generalized risk management strategy, primarily concerned with immediate economic business risks. This approach is not as effective as it could be because it is primarily reactive to present crises rather than attempting to predict issues that could arise and prepare solutions in advance. Furthermore, the time period considered within this generalized approach goes no ...
Litigation Business Plans Samples For Students
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Business Plan
The hotel will be located in high-end traffic area in Bahamas, and will serve high profile customers that include government officials, business community, professionals as well as tourists. The luxury hotel will enter into contracts with several companies in the location such travel companies, suppliers and in some cases government institutions. Therefore, this points out the need to craft comprehensive legal action that will be executed by the lawyer hired by the hotel. The luxury hotel will have to consider legal matters that might arise after the start of the business. This will ensure that the number of litigation ...
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