Micro Economics Issues Paper - 979 Words

Running head: MICROECONOMICS ISSUES PAPER WEEK 3 Microeconomics Issues Paper Week 3 Les Coloma University of Phoenix Microeconomics Issues Paper Week 3 Introduction As hotel brands contend with the challenge of trying to cut costs during economically difficult times while still attempting to meet high customer expectations, overall satisfaction with hotels is down notably in 2008, according to the J.D. Power and associates 2008 North America Hotel Guest Satisfaction Index Study(SM) (WESTLAKE VILLAGE, Calif., July 29 PRNewswire). The study finds that problems with hotel/room maintenance are more common in 2008, compared with 2007, with this issue being one of the top five most frequently reported by guests across all†¦show more content†¦Sheraton guests will perk up with the familiar roasts and favorite flavors of Starbucks(R) coffee and Tazo(R) teas, to be offered in one cup brewers that enable users to prepare a single serving tailored to their current craving. Recommendation to the Sheraton Hotel Although the market is softening, Sheraton Hotel should continue to realize that now is not the time to ignore facility and room maintenance. The guests expect clean surroundings and rooms with everything in working order. Sheraton Hotel should not sacrificed maintenance standards in order to save on operating costs that could result sacrificing the satisfaction of guests. The technology amenities also need to be in top working order to avoid disappointing guests. In addition, while guests who visit luxury hotels tend to be somewhat more immune to price pressures, parking fees are becoming more commonplace and an increasing source of dissatisfaction among these guests, recommend complimentary and free valet parking for the customers. Sheraton Hotel should also continue to look for other resources or partner with other company that in order to continue to meet the supply and demand of Sheraton Hotel’s services. Conclusion Trying to cut costs during economically difficult times while still attempting to meet high customer expectations is a challenging task for any company. Sheraton challenge theShow MoreRelatedRole of Microfinance:- The micro credit of microfinance program was first initiated in the year600 Words   |  3 PagesMicrofinance:- The micro credit of microfinance program was first initiated in the year 1976 in Bangladesh with promise of providing credit to the poor without collateral , alleviating poverty and unleashing human creativity and endeavor of the poor people. Microfinance impact studies have demonstrated that : †¢ Microfinance helps poor households meet basic needs and protects them against risks. †¢ The use of financial services by low-income households leads to improvements in household economic welfare andRead MoreEfficient Credit Market in the Rural Areas of Deveoping Countries1628 Words   |  7 Pagesmany developed countries. 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