The Casino Hotel Industry Tourism Essay

The Casino Hotel Industry Tourism Essay The Casino hotel Industry refers to establishments primarily engaged in providing short- term lodging in hotel facilities with a casino on the premises (IBISWorld, 2012). Casino hotels provide lodging in hotel conveniences with a casino on the premises and it is seem to have phenomenal growth in the past decade. This boom in casino hotel industry provided the investor to establish a luxury and casino hotels in many region. The casino industry generates revenue from full range of services and amenities such as gaming, food and beverage, rooms, dining, retail space, entertainment, meeting facilities etc. Within the past 25 years, the commercial casino industry has experienced significant growth by operating only in Neveda and Atlantic City, New Jersey to operating 566 casinos in 22 states in 2010 (Bazelon, Neels, Seth, 2012). The prospective revenue from gaming has moved gambling from doing unlawful activity to a legitimate business and at this instant hotels are also offering casino s ervice. Due to financial crisis in 2008 and 2009, the revenue had declined as people were intending to spend less money on gambling and not taking vacation. The increasing unemployment made consumer to spend less and be more selective while spending their money. After the crisis, in 2010 and 2011 there is a huge change and the revenue in casino hotel industry went high however, it is estimate that revenue will further grow 3.9% to $47.8 billion in 2012 (IBISWorld, 2012). The introduction of Casino hotel creates employment opportunity to the local communities and generates tax revenue for the government. Casino hotel industry mainly depends on the economic condition of the country and willingness to travel which energies industry revenue growth. After the economic growth, the consumer spending has been increased where their disposable income has also been raised and so as their spending. People tend to spend their income in different variety of ways such as recreational, travelling, entertainment, gambling etc. This has become very challenging for casino industry as consumers are visiting casino more often than past. The rising rate of travelling people and consumer spending drives industry revenue growth that tends to compete with increasing global competition of casino hotel industry. Due to declining demand of Casino Hotel industry in 2007, Macau and China took the worlds largest casino gambling region over the Las Vegas. There are more openings of international casino hotel that have significantly increased the competition for the US casino hotel business. Since, consumers are more selective about their spending they would rather choose better recreational activities that can either be internationally or domestically. There are 300 land-based casinos with accompanying lodging facilities and currently it shows that Casino and gaming is overlapping the hotels and lodging industry. The trend of Casino hotel industry in luxury market is to provide the entertainment convergence i.e. is to attract more people and to provide variety of facilities as such the customers will lengthen their stay and enjoy the modern casino hotel property (Energy and Environmental Analysis Inc, 2005). Industry Growth Analysis Current Industry Trends The casino and hotel can be either standalone or comprises of both hotels facility as well as casino facility. The industry strongly depends on the current economic situation, as such people desire to travel when they have huge amount of disposable income. Due to downturn of economy in 2007 and 2008 there was a declining demand of this sectors and sales dropped way down and the reason behind is they are more concern about their financing. Therefore, Casino Industry was cutting the services like gambling and other entertainment. There is decline of domestic and international travel in United States and the performance of this industry decline as casino hotels rely more on tourists visiting. Slowly recovering economy shows that there is gradual increment of visitors as consumer spending in 2012 has been increase by 1.9% in result the consumers are visiting the casino more often. However, the competition from others such as American Indian casinos, similar casino gaming places, online gaming, and international casinos make the industry to remain sensitive. In 2012, industry profit is estimated to account for 8.2% of revenue (IBISWorld, 2012). Economy recovery support growth Over the next five years period it is estimated that the spending from each people projected to be increased. It is forecasted that the consumer spending will increase at an annualized rate of 2.8% (IBISWorld, 2012). This will lead to the improvement of the casino hotel industry that will in return create job opportunity and therefore the unemployment rate will decrease. The result of getting employment tends to make consumer to spend more money in travelling and gambling. As a result there will be a huge demand of hotel casino industry in future. Market forecast of Casino hotels shows the long-term position and future growth trend. market forecast Retrieved from: http://www.anythingresearch.com/industry/Casino-Hotels.htm The growth of industry can also see mostly in spring and summer rather than winter or fall. Tourists would like to travel during the better weather condition while spending their money. The industry will see high performance and increase revenue in better weather condition such as in spring and summer of each year. The performance of industry can be measured based upon the valuation and compare with other similar industry. In domestic market, the industry seems mature in industry life cycle therefore the major other companies are expanding the business internationally. The scope however in Macau and China is in increasing trends, as a consequence the investor would want to achieve higher growth in the revenue. Analysis of competing companies There are various industries that compete with each other. The current rivalry competitiveness in casino hotel is relatively high in nature. These competing firms are Caesars Entertainment Corporation, MGM Resorts International, Las Vegas Sands Corporation, and Wynn Resorts Limited. Retrieved from: http://clients1.ibisworld.com/reports/us/industry/majorcompanies.aspx?entid=1662 Casears Entertainment Corporation The worlds largest casino operator whose market share is 18.2%, Caesars Entertainment Corporation has grown by providing various services such as new resorts, expansion and acquisitions and currently it owns and manages the casino resorts. Caesars is able to maintain on loyalty to its customers by providing sound service and to their employee, business partners also. It shows that in 2007 it was 8.9% and due to economy recession it has dropped down to -0.2% however, it has predicted that in 2012 the revenue will be increased up to 3.9% (IBISWorld, 2012). MGM Resorts International MGM Resorts is another largest casino hotel operator whose market share is 12.7%. The company has significant holdings in gaming, hospitality and entertainment, and holds a growing number of development and management agreements for casino and non- casino resort projects (MGM Resorts, 2012). MGMs in USA have improved over the past years and consumers are trying to spend their income in recreational places. Therefore, In 2011 the percentage change shows 4.6% increment in domestic market however, it has also predict that in 2012 the percentage change will be decline but still it will be in positive (IBISWorld, 2012). Other Companies Las Vegas Sands Corporation is one of the new kinds of travel destination with the market share of 4.3%. Las Vegas Sands offers high-ends amenities, integrating them under one roof resort. Over the five years to 2012, global company revenue is expected to increase at an average annual rate of 30.5% per year to $11.2 billion, including forecast growth of 13.1% in 2012. US-specific revenue is also forecast to grow significantly at an annualized 16.0% to $2.1 billion over that same period (IBISWorld, 2012). Wynn Resorts Limited Likely, other major competitor in the industry is Wynn Resorts Limited whose market share is 2.8% and it is based on Las Vegas Corporation. It has forecast to grow 0.6% per year on average over that same period to $1.3 billion (IBISWorld, 2012). The company grew very fast in previous years beside the recession period. Industry Establishments, Sales Employment Trends Year Percent Chg. Year-to-Year 2009 2010 2011 2012 2013 09-10 10-11 11-12 12-13 Establishments 367 380 388 397 406 3.6% 1.9% 2.5% 2.2% Sales ($Millions) 43,200 47,139 49,910 53,614 57,211 9.1% 5.9% 7.4% 6.7% Employment 228,451 236,755 241,274 247,310 252,835 3.6% 1.9% 2.5% 2.2% Retrieved from http://0-web.ebscohost.com.helin.uri.edu/ehost/pdfviewer/pdfviewer?sid=9c59b541-088a-45d0-8846-d6fbd6acad29%40sessionmgr12vid=7hid=17 5 Forces Competitive Analysis Competition from Rival Sellers The competition from rival companies is extremely high and it is in increasing trend. After the merger of Harrahs and Caesars and MGM and Mandalay in 2005, they have taken great proportion of market share in casino hotel industry (IBISWorld, 2012). MGM have direct competition with Harrahs Entertainment however, the other two competitors like las Vegas Sands Corp and Wynn Resorts are small companies and do not have direct threat in the competition. The strength of this competitive force is strong because these two casino hotel have significant revenue with high quality of hospitality and access marketing and promotional to attract the consumer. Competition from Potential Entrants There is a high and steady barrier to entry in this industry. The significance of these entry barriers is that governments have minimized the legal issue related with government regulation for the entry of new competitors. And recently, half of United States have legally operating casino including Kansas and Massachusetts. Competition from Substitute products The threat to casino hotel industry is international online casino gambling sites, casino without hotel premises, hotels and motels, resorts and lodges etc. Due to economy recession the operator have moved to expand their business in international market where potential growth is high. There is high threat of competition from substitute products; if hotel casino fails to provide better facility then the consumer would rather choose those hotel industries that provide better hospitality. Therefore by maintaining consumer loyalty and providing sound hospitality will create less threat from substitute products. Suppliers Bargaining Power The threat of supplier bargaining power is very weak. For hotel casino industry their main suppliers or raw materials used are the food and beverages where these suppliers face competition within those industries by producing their own quality product. The commodity price changes may not affect the industry as such the industry would choose to get same supply from different suppliers. Customer Bargaining Power The customers have relatively higher bargaining power. Most of the hotel casino industries are located in west side of USA. Therefore, the customers from there have no choice of choosing other than going to these places. In addition, customers have more bargaining power because it allows customer to go in standalone casino or hotel. Poor hospitality for customer coming in can lead to sift their choice in other kind of industry. Factors driving industry changes There are various factors that are driving industry change. Economic Change The prosperous health of casino hotel industry depends upon the economic condition of the country. If the disposable income of the consumer were relatively high they would prefer spending their money in recreational areas such as vacation and gambling. Due to economic downturn, people will reduce their disposable spending which was in 2008 and 2009, there was decline of such industry by 8.7% and 8.4% respectively (IBISWorld, 2012). Better economy will create less unemployment rate with proportionate of increased income that in return consumer will be travelling more often. Airline Travel and Tourism Based on US, 51.7% of these industries are located in west like most in Nevada and Las Vegas. If there is poor infrastructure it can impacts the total industry, as consumer are not being able to reach to their destinations. Since casinos are still banned in many states, those provisions have historically allowed the industry to develop and expand across these areas (IBISWorld, 2012). Due to global crisis, we can see huge downturn in tourism sector and it has negatively affected the tourism industry. This is the main reason that has reduced the amount of the tourist from different country. Legal Issues and Technology Innovation As all state do not have permit to open the casino however, it can be seen there is a huge scope in some other region. There should be a casino legislation and regulatory change that will allow new establishment in other states. Technology Innovation is another factor that drives industry to change. The gambling should be user friendly to the entire consumer using. Usually consumers comes for vacation with their family members, therefore those entertainment should be used so each of the family members can delight efficiently. A Strategic Group Map Comparative Market Positions of Selected Casino Hotel Industry Caesars Entrainment Corporation MGM Resorts International Las Vegas wynn Market Share of Casino Hotel Industry in USA Market position of Casino Hotel Industry Caesars Entertainment Corporation seems the major casino operator in USA as well as globally and primarily this company was owned under The Harrahs Caesars. The company uses its total rewards system to market promotions and to generate play across network of properties (Caesars Entertainment, 2012). Currently the data shows that the company holds 18.2% of total market share. In 2011, the total revenue earned by Caesars was $8372.5 and it has been predicted that it will go up to $8700.00 that is 3.9% higher than the last year. Therefore, it shows there is a huge potential increment of the revenue. Likewise, the second most company is MGM Resorts International, which is another company that operates globally and has covered 12.7% of its market share. In 2011, the total revenue earned by MGM is $5892.9 and it has expected to grow more up to $6040.8 in 2012. However, the percentage change in revenue has decreased from 4.6% to 2.5% respectively. In 2007, MGM had expanded their business in Macau therefore huge amount of revenue had been earned from there also. Las Vegas Sands Corporation and Wynn Resorts Limited have estimated industry market share of 4.3% and 2.8% respectively. Las Vegas Sands Corporation have earned 52.4% of total revenue from the company in Asia and in 2012, it has expected to earn revenue of $11,150. Likewise, Wynn Resorts Limited made an expansion of the company in Macau and huge revenue had been generated Strategic moves It is seen that foreign casino companies have made huge investment in Macau since 2002. In 2006 the returns from the casino boom surpassed the revenue of the US gambling mecca, Las Vegas however there is risk for Macau that they are too much relying in one industry (BBC News, 2012). In 2011, Macau gaming revenues reach to $33.5 billion, which means there is 42% increase over the period of 2010 (Stutz, 2012). The increment of revenue have been seen by various American regional gaming markets, therefore Caesars Entertainment Corp paid $578 million and expected to get the land for casino to operate casino hotel business in the biggest market however Caesars still not got the permission to build casino (WSJ, 2012). Due to healthy economy and improving business, the casino hotel companies should expand there business internationally as such MGM, Las Vegas Sands Corporation and Wynn Resorts Limited have already introduce their business in Macau where it is seen huge boom and have generated five times more revenue than Las Vegas Strip. In prospective of USA, it is seen that most of the casino hotel industry are concentrated in west part as only 38 states have legal licensed to operate the casino business. However, there is huge potential of casino business all over the US. As people disposable income has increased with the healthy economy, consumers tend to spend huge money in travelling and gambling and it is time consuming to travel in those regions where the states are permitted to run casino business. Therefore, the biggest companies such as MGM, Las Vegas Sands Corporation and Wynn Resorts Limited should look for potential market and expand their business all over the US. The huge revenue that is available from international casino hotel business can be invested in US and more focusing on the research and development of the market potentiality. The invention of new technology, new gaming, sound hospitality and facilities will help to create more potential consumer in future. http://www.bbc.co.uk/news/world-asia-pacific-16599919 http://online.wsj.com/article/SB10001424052970204789304578088320711432556.html

Hand Sanitiser

Lab Management Assignment Hand Sanitizer 2012 xxx [Pick the date] HAND SANITISER * * A hand sanitizer or hand antiseptic is a supplement or alternative to hand washing with soap and water. * Various preparations are available, including gel, foam, and liquid solutions. * The active ingredient in hand sanitizers may be isopropanol, ethanol, n-propanol, povidone-iodine. * Inactive ingredients in alcohol rubs typically include a thickening agent such as polyacrylic acid for alcohol gels, humectants such as glycerin for liquid rubs, propylene glycol, and essential oils of plants. Alcohol based hand sanitizers are more effective at killing germs than soaps and do not dry out hands as much. * Common non-alcohol, rinse-free hand sanitizer brands use either small concentrations of the nitrogenous cationic surface-acting agent benzalkonium chloride or the chlorinated aromatic compound triclosan or povidone-iodine * All hand sanitizer products require NDC designation in United States and NPN d esignation in Canada. Hand sanitizer is controlled as a biocide in Europe. Alcohol Based Hand Sanitizers: Dr.Bronner's Organic Hand Sanitizing Spray, Purell, Germ-X, GermFree, Hygel, Deb, Aqium, Dettol, Avant, Germ Out, Aquawet, Method Products. Non- Alcohol Based Hand Sanitizers: Gold Bond Ultimate, MicroAromor, Hy5, Soapopular, Handclens. HAND SANITIZERS WITH THEIR USAGE ; INGREDIENTS Hand Sanitizer Brands| Places of Use| Active Ingredients| Inactive Ingredients| Efficacy| Application| Dr. Bronner's Organic Hand Sanitizing Spray| Home & Hospitals| 62% Organic Ethanol| Water, Organic Glycerine, Organic Lavender Oil. Gram positive, and Gram negative bacteria, yeast and molds. | Direct Rub| Purell| Widely in Hospitals| 63% ethyl alcohol| Water, Isopropyl Alcohol, Carbomer, Tocopheryl Acetate, Glycerine, Propylene Glycol, Isopropyl Myrisate, Fragrance| E. coli, Staphylococcus sp. , Streptococcus sp. , Salmonella sp. at > 99. 99| Direct Rub| Germ- X| Desk, Car, Restroom, School, Garage , Retail Counter. | 63% Ethyl Alcohol| Acrylates/C10-30 Alkyl Acrylate Cross polymer, Benzophenone-4, Fragrance with Vitamin E, Glycerine, Tocopherol, Water  | 9. 9% of many common harmful germs and bacterial  | Direct Rub| GermFree| Travel, Hotels & Hospitals| 62% Ethyl Alcohol| | Bacteria, Virus & Fungi| Without water| Hygel| Home & Hospitals | Ethyl Alcohol| Water, isopropyl alcohol, vit A & E, carbomer, glycerine, popylene glycol, fruit fragrance| Germs & Bacteria's| Without Water| Deb Instant FOAM| * * Outdoor * Office/Commercial/Leisure * Medical Rooms ; Laboratories * Food Service ; Catering| 70% Ethyl Alcohol| Water, Bis-PEG-12 Dimethicone, Behentrimon-ium Chloride, PEG-200 Hydrogenat-ed Glyceryl Palmate, PEG-7 Glyceryl Cocoate, Coco-Clucoside, Glyceryl Oleate, Dihydroxyp-ropyl PEG-5 Linoleamm-onim | 99. 99% effective against common germs and bacteria's| Foam basedUsed without water| Aqium| Home & aloevera aqium is hospital formulation| 66% Ethanol| Thickener, Dexpanthen -ol, DL-alpha-tocopheryl acetate, Fragrance, pH neutraliser, Water – purified| Bacteria and Viruses| Apply on dry hands| Avant| Hospitals, Restaurants, fitness centres| 70% Ethyl Alcohol| Isopropanol| Clostridium difficile,Enterococcus faecium; Enterococcus faecalis; and Staphylococcus aureus MMRSA. | Foaming hand sanitizer; apply without water| Germ Out| Schools, Work place,Pub-lic restroom| 70%Isopropanol and 0. 02%Benzalkonium chloride| No inactive ingredients| Bacteria's, Viruses ; Fungi| Gel based used with water| Aquawet| Schools, Hospitals, Public Toilets. | 60% Ethyl Alcohol| Aloe Barbadensis Gel, Carbomer, Fragrance, Tocopheryl Acetate (Vitamin E), Triethanolamine,Water  | 99. % of offending germs| Used without water| Hand Sanitizer Their Ingredients ; Long Term Side Effects: * The research for various commercially available hand sanitizer's shows that most effective sanitizers are those which are alcohol based; and the active ingredient in them is Ethyl Alcohol w hich ranges from 60 to 80 % depending on their efficacy and level of disinfection. * Contradictory evidence about the safety of such topical applications of the alcohol can be found in the scientific literature. * The first and foremost concerns of topical ethanol applications for public health are its carcinogenic effects, as there is unambiguous evidence for the carcinogenicity of ethanol. Topically applied ethanol acts as a skin penetration enhancer and may facilitate the transdermal absorption of xenobiotics (e. g. carcinogenic contaminants in cosmetic formulations). * Alcohol is associated with an increased risk of cancers of the oral cavity, pharynx, larynx, and oesophagus. * Ethanol use is associated with skin irritation or contact dermatitis, especially in humans with an aldehyde dehydrogenase (ALDH) deficiency. * After regular application of ethanol on the skin (e. g. in the form of hand disinfectants) relatively low but measurable blood concentrations of ethanol and its me tabolite acetaldehyde may occur, which are, however, below acute toxic levels. Besides skin cancer, alcohol abuse has been associated with the development of several skin disorders including psoriasis, discoid eczema and superficial infections. * Using antibacterial hand sanitizer can increase your skin sensitivity to the ultra violet rays that may cause sunburn in sunlight. * Antibacterial hand sanitizer use may cause skin sensitivity in the form of itching, burning sensation or dry skin. Most forms of the sanitizer contain alcohol, which can easily cause redness, dryness and even peeling of skin, especially if used too often. CONCLUSION: The study of various commercially available hand sanitizers provide with the information that alcohol based hand sanitizers are the most effective and having high level out disinfection compared to non-alcohol based ones.Simultaneously, the SDS and various science studies provide the information regarding long term use & side effects of the active ingredients in the hand sanitizers. Even though there is still further research work going on to provide sufficient proofs against topical application Ethanol(ethyl alcohol). Knowing long term side effects of regular use hand sanitizers, it should be concluded it is not always important to use hand sanitizers. The use should be restricted on to visits or work in hospitals or any germ prone place as such the hand sanitizers will help getting rid of germs, bacteria, fungi and virus it won't help getting away from dust and dirt.Hence it is more important to cleans hands with soap and water on regular basis and restrict use of hand sanitizers on to visits to germ prone places. REFRENCES: Article Source: http://EzineArticles. com/4521097, Median Biopharma, http://www. hygel. com/hygel/default. htm, http://www. germx. com/product_detail. aspx? id=18, http://dailymed. nlm. nih. gov/dailymed/drugInfo. cfm? id=38145 http://www. majacmedical. com. au/msds/MSDS%20Aqium%20Gel. pd, http://www. b4brands. com/products_avantoriginal_fragrance-free. html http://www. germout. com/germ_out_kill_claims. pdf http://www. ncbi. nlm. nih. gov/pmc/articles/PMC2596158/, PDR Health: Hand Sanitizer, Drug Watch: Hand Sanitizer http://www. livestrong. com/article/174149-antibacterial-hand-sanitizer-side-effects/#ixzz25bhJL12O,

Top Outline Samples for an Essay Tips!

Top Outline Samples for an Essay Tips! Descriptive essays about a place are common because when referring to a particular place it is normal to attempt to make an experience for your reader. Book reviews aren't complicated to write, yet to accomplish them in a persuasive manner you will need to read more than critiques. Outline Samples for an Essay - Dead or Alive? If not certain, ask an instructor whether you've got to supply a formal essay outline with an assignment. Indeed, it's an overview of writing project before it's prepared and executed. Nevertheless, in case you have been requested to write one, especially if you're attempting to develop your essay writing skills, you might be wondering where you are able to locate an outline sample. Before you commence writing an essay, the initial step is the outline writing. 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Women During World War II - 1731 Words

The beginning of World War II saw Australians see war on their shores for the first time, as well as having to travelling overseas to fight another war. It required young men to leave their country to fight, this affected the women who were left behind. World War II started in 1939 and ended in 1945. World War II was a large world conflict. During this world conflict Australia was under the threat of attack for the first time. When the war started there was a lack of man power on the home front which led to women having to step up and join the workforce. Women had many roles to be played in this epidemic, both on the home front and overseas. They were expected to undertake roles that they had never been encouraged to undertake before. During this time women had to make many sacrifices. The war changed women’s lives in the long term in a large way. Australian women played a large role in Australia’s war effort, both overseas and on the home front. Overseas women mainly a cted as nurses but they were also allowed to fight for the first time. In World War I, women were considered too fragile to fight so they were not allowed to serve in the armed forces but when World War II started women were allowed to serve in the armed forces. Women were not permitted to hold combat positions, they were allowed to hold service rank in the army, air force and navy. Their tasks usually involved clerical duties, but many servicewomen performed traditionally male tasks such as signalling,Show MoreRelatedWomen During World War II1534 Words   |  7 PagesDuring World War I, women stayed at home, aided the Red Cross, and volunteered with churches and civic groups to collect donations. Women s roles in World War II challenged the traditional roles of homemaker and caregiver. Women took on a more active role in the military and held positions alongside men. They were trusted with more responsibilities and offered more freedom than they had during the First World War. Wom en held more traditional roles in comparison to World War II when women took onRead MoreWomen During World War II1059 Words   |  5 Pages Women during World War II In the past, WWII and WWI, women were very dominant; they had to take care of their children, do all the chores and also had to cook the food. During WWII, women had to take place for the men (First world war.com). The war changed the life for all Canadian women. When men went to fight, women were called upon to fill their jobs, and this included many jobs that were previously thought of unsuitable for women. Women were called up for war work fromRead MoreWomen During World War II Essay1356 Words   |  6 Pages1941 was the day when America declared war, but it was also the years following that women had the chance to show their patriotism in a way they never had before; working outside of their homes. 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However, once the men returned at war’s end, womenRead MoreWomen During World War II1825 Words   |  8 Pages During World War II, women in the United States were seeing societal transitions that created a pathway for equality between the sexes. Women during the Second World War were given considerable opportunities in the workforce and armed services and restrictions previously set on women were breaking at the seams. Before World War II, women were seen as only house wives and mothers to their partners child. These societal roles for women also oppressed them and only at this time could men be theRead MoreWomen During The World War II2031 Words   |  9 PagesWomen in Conflict World War II took 690,000,000 men from their homes and six years to complete. Over these six years, with thousands of men away serving in the armed forces, the women of Germany and England both experienced significant lifestyle changes. 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