This week’s topic involves the leisure travel industry. The travel industry as a whole has seen better days, but recently there has been an incremental rise. The reason why people have not bee leisure traveling is because of money. Instead of traveling they have been looking for leisure activities around their own cities. Leisure traveling costs a good deal of money and everyone is doing whatever he or she can to save at this time.
In the Reuters article, “Leisure Travel is Recovering, But Slowly” Helen Chernikoff writes that the leisure business is slowly starting to improve, but is not completely back to its normal state. Chernikoff states that leisure reservations went up 23% in May of 2010. That is a big number for 2010 considering there was barely any leisure travel at all. She also claims that corporate reservations also went up 40% in May. So as you can see the business travel industry is still doing better than leisure.
The reason why the business travel industry is currently more successful than the leisure travel industry is because no matter what the price most businesses will fork over the money for business travel in hopes that the negotiations made on the trip will bring them more money. The companies are also paying for the travel, so the money is not coming straight from people’s pockets.
According to Pegasus Solutions Inc. the monthly profits made from leisure hotel reservations through June 2011 will increase a standard of 14% from the previous year.
Corporate travel is still on the rise, the amount of travel will raise 59% over the same time period that leisure travel.
Leisure travelers are also staying at cheaper hotels than corporate travelers. The corporations are putting their employees up at expensive corporate hotels, where the leisure travelers are staying in budget hotels so they can save their money.
The increase in demand of reservations will increase the room rates. So a heads up to those leisure travelers, try to stay away from corporate hotels and to fund the better deal, stick to the budget hotels.
It is good to see that the leisure travel industry is starting to increase. The company that I want to launch revolves around leisure travel and will want to promote people to travel. Hopefully the travel industry will return to normal or become better than it ever was in the next two years so that my company will be able to thrive.
http://www.reuters.com/article/idUSN2025332620110120
Thursday, January 20, 2011
Wednesday, January 5, 2011
Food and Finance
I just recently read an article that compares the evolution of finance with the evolution of food. The relationship between the two is remarkable. In the article “Food and Finance” by James Kwak, the two comparisons are surfaced and explained.
The article starts off by explaining nutrionalism, which is “the idea that food should be thought of in terms of its component nutrients”. Kwak then goes into detail on how foods are highly processed and not nutritional whatsoever, but the package could still say that the product is healthy. He also explains that most labels will provide a simple sentence on how the product is healthy, but then the FDA will also have a disclaimer that will say that there is very little evidence to support the claim.
Overall, Kwak states that nutritionalism is a sham. Then he compares the bogus nutrionalism to finance and how they are both industries that produces income from persuading people to do things that are not in their continuing benefits and will later create damaging occurrences for others all over the world. The industries protect themselves by claiming that they are merely providing the customer with their wants and needs. Both industries also state that if they can’t continue their regular processes, that the economy will end up suffering.
I find it very interesting that food and finance can be remotely related, but when the two markets are compared there are some qualities that prove to be tremendously similar. I think that there are good perspectives within food and finance as well. This article tends to shed light on a certain sector of food and finance and also creates a bridge between two topics that are rarely compared. It would be interesting to see the similarity between food and finance in a positive perspective.
http://baselinescenario.com/2010/10/24/food-and-finance/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+BaselineScenario+%28The+Baseline+Scenario%29
The article starts off by explaining nutrionalism, which is “the idea that food should be thought of in terms of its component nutrients”. Kwak then goes into detail on how foods are highly processed and not nutritional whatsoever, but the package could still say that the product is healthy. He also explains that most labels will provide a simple sentence on how the product is healthy, but then the FDA will also have a disclaimer that will say that there is very little evidence to support the claim.
Overall, Kwak states that nutritionalism is a sham. Then he compares the bogus nutrionalism to finance and how they are both industries that produces income from persuading people to do things that are not in their continuing benefits and will later create damaging occurrences for others all over the world. The industries protect themselves by claiming that they are merely providing the customer with their wants and needs. Both industries also state that if they can’t continue their regular processes, that the economy will end up suffering.
I find it very interesting that food and finance can be remotely related, but when the two markets are compared there are some qualities that prove to be tremendously similar. I think that there are good perspectives within food and finance as well. This article tends to shed light on a certain sector of food and finance and also creates a bridge between two topics that are rarely compared. It would be interesting to see the similarity between food and finance in a positive perspective.
http://baselinescenario.com/2010/10/24/food-and-finance/?utm_source=feedburner&utm_medium=email&utm_campaign=Feed:+BaselineScenario+%28The+Baseline+Scenario%29
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