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1 year ago

What are the elements of the gap in the London hotel luxury market?

1 answer:

iogann1982 [59]1 year ago

8 0

The elements of the gap in the London hotel luxury market are airport hotels, business hotels, suite hotels and resorts etc.

<h3>What elements in the London hotel luxury market?</h3>

The world luxury hotel market center is mainly on the type and geographical segment. The luxury hotels type segment includes airport hotels, business hotels, suite hotels, resorts, and others (eco-hotel and serviced apartments). The fashion agency is trying to enter China's booming luxury market.

The emotional relation between luxury hospitality and creating that 'home-from-home' feeling that is linked to the result, the service, and the people. Together they generate a guest experience that is special to the brand and the property. Luxury hotels should have at least one full-service, Michelin-starred restaurant, and ideally more than one.

So we can conclude that the luxury market is a market for expensive goods that are not required but are bought for contentment.

Learn more about luxury hotels here: brainly.com/question/17329032

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Answer:

Explanation:

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The encoding process is all about the purpose of communication and the relation between the sender and the receiver. In a formal situation, encoding involves:

Making sure a language is selected, selecting a medium of communication; and selecting an appropriate communication form

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3 years ago

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Your company has an opportunity to invest in a project that is expected to result in after-tax cash flows of $7,000 the first ye

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Answer:

The modified internal rate of return is 15.67%.

Explanation:

Note: See the attached excel file for the calculation of the total present value of the after-tax cash flows.

From the attached excel file, we have:

Total present value of the after-tax cash flows = $40,332.66

The modified internal rate of return (MIRR) can be calculated using the following formula:

MIRR = (PV / Outlay)^(1/n) * (1 + r) - 1……………….. (2)

Where;

PV = Total present value of the after-tax cash flows = $40,332.66

Outlay = Absolute value of cost of the project = $47,300

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MIRR = ($40,332.66 / 47,300)^(1/8) * (1 + 0.18) - 1 = 0.1567, or 15.67%

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3 years ago

According to the law of demand, as prices decrease, demand decreases. increases. stays the same. disappears.

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I believe the answer is the demand would increase.

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Answer:

do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

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Trade policies do not alter the trade balance because they cannot alter the national saving or domestic investment of the country that implements them.

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3 years ago

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