How do information-gathering programs help the hotels

Assignment Help Financial Accounting
Reference no: EM132996237

The luxury hotel chain Ritz-Carlton introduced a system called "Mystique" that collects information about its customers from employees and staff at the hotel. The information is used to personalize the services provided to each guest. For example, a bottle of the guest's favorite type of wine would be placed in the room without the guest having to request it. Similarly, the type of fruit a guest prefers will be waiting in the room on arrival. The information is available throughout the Ritz system so that when the guest checks into any Ritz-Carlton hotel, the special treatment is available. Other hotel chains such as Hilton and Hyatt have similar programs.

Problem 1: How do these information-gathering programs help the hotels become more competitive? What is the strategic role of these programs?

Problem 2: Do you see a role for activity-based costing for these firms, as it relates to their information gathering and customer service?

Problem 3: What ethical issues, if any, do you see in the information-gathering systems?

Reference no: EM132996237

Questions Cloud

What is the p-e ratio that investors are willing to pay : Company Z is currently priced at $42. They just reported earnings per share of $1.15. What is the P/E ratio that investors are willing to pay for a share
Confirm your understanding of the current vision : Confirm your understanding of the current vision and mission of the company and discuss and confirm with the business owners if the vision and mission
Explain the concept of zero coupon bond yields : Explain the concept of Zero Coupon bond yields and its pricing behavior. Explain the concept of Coupon bond yields and its pricing behavior.
Prepare a monthly cash budget and supporting schedules : Prepare a monthly cash budget and supporting schedules for May, June, and July. Input all amounts as positive values except overall cash decrease
How do information-gathering programs help the hotels : How do these information-gathering programs help the hotels become more competitive? What is the strategic role of these programs?
What will shares outstanding be after the dividend : Krusty Burger Inc. has 190M shares outstanding. Krusty is considering a stock dividend of 3%. What will shares outstanding be after the dividend?
What price will the stock trade for after the split : What price will the stock trade for after the split? Gorgan Cosmetics Inc. traded for $0.55 per share and had 100M shares outstanding.
Calculate the raw material cost for one bottle : Triphate solution: $ 0.40 per quart. Using the preceding data, calculate the raw material cost for one bottle of the new cleaner
What dollar amount of each was sold : The Bon Appetit Bakery makes 4 ½ times as much revenue on donuts as muffins. If total sales were $44,000 for May, what dollar amount of each was sold?

Reviews

Write a Review

Financial Accounting Questions & Answers

  What the cumulative surplus is

The beginning short-term debt is $28,000 with a quarterly interest rate of 1.4 percent. At quarter end, the cumulative surplus (deficit) is

  What is the addition to retained earnings

Dividends and Retained Earnings. Suppose the firm in Problem 2 paid out $56,000 in cash dividends. What is the addition to retained earnings?

  Provide journal entry to adjust the carry forward balance

Provide journal entry to adjust the carry forward balance of deferred tax account for the the change of tax rate (rounded to the nearest dollar)

  Prepare correct trial balance at September for Garvey Inc

The Trial Balance Of Garvey, Inc., Prepare the correct trial balance at September 30, 2014, complete with a heading. Journal entries are not required.

  Prepare multi-step income statement for clarkson motorsports

Prepare a multi-step income statement for Clarkson Motorsports for the fiscal year ended November 30, 2012. Include earnings per share.

  What the ending balance in the retained earnings account

The Herb Company generated $60,000 in net income and declared and paid $20,000 in dividends. What the ending balance in the retained earnings account

  Determine ideal cost of equity

Determine Ideal's cost of equity, cost of debt as well as the weighted average cost of capital? Ideal plans to borrow $500,000 to finance this project.

  Determine what is the yield to maturity

ABC's bonds have a 5.5% coupon and pay interest semi-annually. What is the yield to maturity? What is the current yield? What is the yield to call?

  Prepare a contribution margin income statement for 2018

Assume sales for 2018 decrease by 5%. Prepare a contribution margin income statement for 2018. Hudson Co. reports the contribution margin income statement.

  How many years will it be before your inheritance grows

If you put your inheritance in an account that earns 8 percent interest compounded? annually, how many years will it be before your inheritance grows

  Firm uses absorption costing

Data for a firm's first year of operation is given below. The firm uses absorption costing.

  Current balance sheet for the presences

Staples Inc has operating leases. Assuming a discount rate of 9%, adjust the current balance sheet for the presences of these leases.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd