Accommodation Industry: Mariott International Inc. Report
VerifiedAdded on 2022/11/25
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AI Summary
This report provides a comprehensive analysis of the accommodation industry, beginning with an introduction to the sector and its key components, including hotels, tourism agencies, and restaurants. It focuses on Marriott International Inc. as a case study, examining the scale and size of accommodation services, differentiating between commercial and non-commercial businesses, and exploring various market segments. The report then delves into different forms of ownership applicable to accommodation services, such as proprietary ownership, franchises, and management contracts. Furthermore, it discusses the crucial role of grading, classification systems, and online review sites in influencing potential guests' decisions. The report evaluates a range of accommodation services, considering the implications of ownership, grading, classifications, and online reviews on guest decision-making. The report concludes by emphasizing the accommodation industry's significance in the modern business environment and its contribution to the country's GDP and financial growth, supported by references to relevant literature.
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