Caribbean Business Environment

The following report is a detailed analysis and diagnosis of the current situation at The Stonington Beach Hotel, Bermuda. Many aspects are considered that include the effect that maintaining the property has on human resources, marketing and the organizational structure of the business. Recommendations are made and then discussed further.

In the documentary Life and Debt, it is explained through the stories of local people, the economic and social crisis of Jamaica. With Jamaica receiving mandatory loans from the International Monetary Fund (IMF) in 1977 because of lack of alternatives, Jamaica was promised meaningful development. Unfortunately, this only made the situation worse because of the extreme policies and foreign economic agendas that came with the loans, forcing Jamaica into even further debt. Therefore, it is my opinion that it is because of the policies and greed of the IMF and The World Bank that came along with the loans, that Jamaica is currently 4.5 billion dollars in debt.

Since Jamaica’s currency was devaluating rapidly, former Prime Minister, Michael Manley, urged to find a solution for the country’s economic crisis. Manley requested a loan from the IMF, but it was refused due to “its declining fiscal deficit”. The Deputy Director of the IMF, Stanley Fischer, advised that the country should cut back spending and obtain money from other activities. However, Manley did not reduce on any of its services simply because the country could not afford it since it already had a weak public service platform.

This report will be providing a detailed analysis of the existing Budget Hotel market, and how to improve the competiveness of the Travelodge UK, the second largest Budget Hotel chain in the United Kingdom, Second Premier Inn. This report will contain the following, a profile of the organisation’s current target market, which will include demographic, psychographic, geographic and behavioural variables. That will then be followed by a well-referenced and well-researched PEST analysis that will highlight the most important and relevant factors that could have an impact on the business. Once the pest analysis has been completed, the report will be concluded by recommended changes to the marketing

The Butler Model expresses a very generalised idea of what stages a country might go through when developing into a tourism industry. The Butler Model shows the development through each stage until the country reaches stagnation. In this essay I look specifically at each stage of the Butler Model with reference to Antigua.

Are you moving to the Caribbean and need to ship items internationally? Quality One International Shipping Express Corp offers international shipping services to Jamaica, Puerto Rico, the Bahamas, and other islands throughout the Caribbean Sea. Located in the Bronx, this international shipping company is well equipped to ship just about anything, from boxes and crates to appliances and cars. When you need quick and reliable international shipping services for your big move, trust these friendly and experienced professionals to get your belongings to their destination safely.

As we discussed in class, every business is faced with these issues and they are important to managers making strategic decisions. One of the first things learned about business is that if there is no demand for a good or service, the firm that provides it will not continue to exist. Over time the hotel industry has continued to change with market conditions and make itself attractive to business

When the price level rises, each unit of currency buys fewer goods and services. Over the long term, unanticipated inflation can cause a number of problems for an economy. Businesses will invest less in long-term projects because of the uncertainty of returns, price information becomes unclear, and consumers will spend more time trying to protect themselves from inflation and less time engaging in productive activities. If the Australia’s inflation rate is above normal range, then its cause for concern. It has impact on various ways in the economy.

Report projects population growth as well as retail sales growth, along with a demand for additional hotels. Such growth will increase demand for other services and products. Also, with emphasis on room types, outdoor or indoor rooms, overlooking the beach.

Families and friends from across the world often travel to the beautiful, Caribbean islands for a warm, fun vacation. Tourists go to the Caribbean islands in a variety of ways. Many choose to stay on the islands in hotels for days or weeks at a time. Others buy a vacation on board a cruise ship, and that ship will sail to different islands for the passengers to enjoy and explore. Both of these vacations, however, can have negative effects on the Caribbean employment, local development, water resources, and the environment. This research paper will give descriptive information how tourism effects the Caribbean.

Jamaica is located in the Caribbean Sea and is the largest English-speaking country in the Caribbean, over 146 miles from east to west. The island varies in its features as well. The north coast contains coral beaches and plains where sugar cane, coconuts and citrus fruits grow, the west coast is more of a secluded area, and the southern region is full of mountains and small mining towns. Jamaica also has a warm climate, with the average temperature being about 80 degrees, but it also rains a lot. There are about 3 million people in this country, with the main religion being Christianity. All of these diverse aspects of the country are very important to know when wanting to successfully manage a business in Jamaica.

Caribbean Market is partnership business with 20 locations within the United States, owned by two Caribbean born females who have always wanted to run their own business after graduating high school. After a few years of saving and working extremely hard their dream have finally came true. Caribbean Market business structure is centralized organizational structure, the reason why this type of structure is in place is because of the fact that decision-making responsibilities are focused with a few key leaders. As a result of having a few numbers of decision makers it is faster to execute complications within the business. Executives are abled to gather information and efficiently examine pros and cons of decisions in a small

Tourism & hospitality is one of the world’s rapidly growing industries as income is generated through the expenditure of goods & services required by tourists. The tourist is therefore very important to the wellbeing of many countries.

This paper explores a great number of academic research journals and databases on the impact that the tourism industry has on the countries in the Caribbean. Tourism impacts the Caribbean in three different sections. Tourism has a social impact that allows for increases in revenue, jobs, and service for the people living there. Tourism’s cultural impact allows the history and heritage of the Caribbean to be acknowledged and practiced not only here but around the world as tourists come and go. Tourism’s environmental impact effects the natural and geographical diversity that can only be found in these countries. Although tourism brings about many advantages in all three categories, there are still negatives attributes that appear from tourism that must be handled properly to maintain a successful industry. This paper examines 12 different research journals that suggest all of the positives and negatives of tourism in the Caribbean and how they can effect not only the tourism industry but the area in which they are practiced.

In 1959, the Caribbean Hotel, Aruba’s first multi-story resort hotel opened. From that time until 1977, the number of hotels increased to 16 and total number of rooms reached 2,148. By 1984, tourism was a well-developed sector in the Aruban economy. In fact, among the primary sectors, it was second only to the oil industry, in terms of its contribution to the gross domestic product (Unesco, 1990). In the period from 1986 – 1996, tourism to Aruba grew almost twice the rate of that of the entire Caribbean in the period. From 1986, when construction of hotels resumed, until 1991, total number of rooms more than doubled from 2,776 to 5,625. During this period, the number of timeshares also increased about fivefold, from 337 units to 1967 units. By the end of 1996, there were 7,103 rooms, of which timeshare units totaled 2,272. The amount of hotels and timeshares increased throughout the years.