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# Technology Integration in the Hotel Sector Report

Overview of the Current Themes Across the globe, an effective hotel must balance the elements of innovation and development, technology, and sustainability to remain competitive in the short and long-term. The aspect of development involves strategies for growth and expansion within the matrices of labour, management, and general logistics. This means that any development initiative should be proactive and holistic for positive results (Monks
Explain what is meant by the term elasticity and briefly discuss its main determinants. Using diagrams, equations and real life examples try to examine this concept in the airline industry. Elasticity is the measure of responsiveness to a percentage change of a variable to a percentage change to one of its determinants. This is usually the price or the income. There are many different elasticities, this includes price elasticity of demand (PED), price elasticity of supply (PES), income elasticity of demand (YED) and cross elasticity of demand (XED). There are many uses for the application of elasticities, this includes government policies such as tax, where the government can analyse the effects a decrease or an increase in the various tax’ could have. The effect on firms due to changing prices is another situation where elasticities can be applied. Likewise, the effect on firms due to a change in income can also be a use for elasticities. For example, during the recession thousands of people had to cut down on the hours at work, therefore there was a decrease in their income, how could this have affected demand? Elasticities can also be used to analyse future consumption, for example, strawberries are seasonal therefore demand in the summer is greater than demand in the winter, by using elasticities firms could analyse how many strawberries would be required to match consumption and also be used as a guide for future investments. These are just a few of the many uses of elasticities. Price elasticity of demand (PED) is the degree of responsiveness of quantity demanded of a change in price. This is calculated by using the following formula: PED= Percentage change in quantity demanded Percentage change in price An example of this would be if quantity demanded for TV’s falls by 10% due to a 2.5% increase in the price then PED= -10/2.5=-4. As there will always be a fall in price and an increase in quantity demanded or an increase in price and a fall in quantity demanded PED will always be negative. There are two types of PED’s; these are elastic demand and inelastic demand. Elastic demand is when a percentage change in price brings about a more than equal percentage change in quantity demanded. This means that a price increase will result in a greater loss in revenue and a decrease in price will result in a more than equal gain in revenue. For the PED to be elastic, the value of elasticity would be greater than 1. For example if the price of a phone decreased by 10%, causing demand to increase by 20% then PED= 20/-10=-2. When the PED value is 1, this is called unitary elasticity; this is when quantity demanded changes by the same percentage as price. Inelastic demand is when a percentage change in price brings about a less than equal percentage change in quantity demanded. This means that a price increase will result in a less than equal percentage decrease in quantity demanded, therefore a gain in revenue, likewise a decrease in price will result in a less than equal percentage change in quantity demanded therefore a loss in revenue. For the PED to be inelastic, the value of elasticity has to be between 0 and 1. For example if quantity demanded for oil falls by 4% due to a 10% increase in price then PED=-4/10=-0.4. This is usually the case for oil as the substitutes to oil and its complimentary item; a car isn’t as strong as other items. For example if there was a huge increase in the price of a phone, then there are many alternatives therefore its elastic. There are many reasons for oil to be inelastic, such as a car is a long term product and it can’t work without oil, therefore despite an increase in prise consumers are obliged to continue using oil. They can use substitutes to cars, such as the bus, train, bike, walking, etc. However they may be more expensive to operate than a car and will always lack the comfort and sense of privacy a car has. When the PED value is 0, this is known as perfectly inelastic, this is when quantity demanded remains exactly the same regardless of the change in price. The following are elastic and an inelastic diagram. Elastic Inelastic Pi Price Pe1 Price P P1 Pe P Pi1 Q Qe1 Q1 Qe Qi Q Qi1 Quantity demanded and supplied Quantity demanded and supplied In the elastic diagram you can see elastic line (blue) and a perfectly elastic line (red). For the perfectly elastic line you can see that price will always remain the same, regardless of the change in demand as shown by Q and Q1. However for the elastic line you can see that when the price increases from Pe to Pe1, there is a huge (more than equal) contraction in quantity demanded from Qe to Qe1. In the inelastic demand diagram you can see the inelastic line (blue) and the perfectly inelastic line (red). For the perfectly inelastic line demand will always remain the same, even if prices are changed. However for the inelastic line you can see that despite the huge fall in price from Pi to Pi1, quantity demanded has only slightly shifted (less than equal) from Qi to Qi1. There are many determinants for PED. The PED can vary to all sorts for different products and industries. Substitutes are one of the main determinants for PED. A substitute is a good that can be replaced by another good in order to satisfy a want. The better the substitute, the higher the PED tends be. For example tea has many substitutes, such as coffee, hot chocolate, energy drinks, etc. therefore if the cost of tea increases, many consumers would happily move onto alternatives. On the other hand, sugar has very few substitutes, not many products can replace sugar, and hence an increase in price will have minimal effect on demand. Time is another major determinant of PED. “Between December 1973 and June 1974 the price of crude oil quadrupled, which led to large increases in the price of petrol and central-heating oil. Over the next few months, there was only a very small reduction in the consumption of oil products. Demand was highly inelastic. The reason was that people still wanted to drive their cars and heat their house.” (Sloman

## Biomedical Engineering Companies Career Planning Assignment

Biomedical Engineering Companies Career Planning Assignment.

Biomedical Engineering Companies Career Planning Assignment

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python assignment help Assignment Help. I’m stuck on a Business question and need an explanation.

Think about how your organization might develop story ideas around a certain key event or theme. These may not be all ideas that you will use but this is how you would start to develop the Editorial Calendar for your newsletter/website/blog and how you might look to tie your writing to things that “matter” to your organization.
The assignment:Assume that your organization will be preparing a newsletter/magazine for the coming year, 2020. Assume for now that it will be a monthly publication that you will have complete control over, including content. Your boss has asked you to draft an Editorial Calendar that can be shared with other staffers and free lance writers who might want to contribute.
The Editorial Calendar can be prepared as a Word table with listings by month. To add to the authenticity, consider the deadlines and add those to the calendar.
The calendar should be for 12 months.
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## NURS 6003 Walden Wk 4 Post Traumatic Disorder Amongst Military Returnees Worksheet

NURS 6003 Walden Wk 4 Post Traumatic Disorder Amongst Military Returnees Worksheet.

Topic of Interest:

Research Article: Include full citation in
APA format, as well as link or search details (such as DOI)

Professional Practice Use:
One or more professional practice uses of the theories/concepts presented
in the article

Research Analysis
Matrix
necessary

Strengths of the Research

Limitations of the Research

Relevancy to Topic of Interest

Notes

Step 2: Summary of
Analysis
Craft a summary (2-3 paragraph) below that includes the following:
·
Describe your approach to identifying and analyzing
peer-reviewed research
·
Identify at least two strategies that you would use
that you found to be effective in finding peer-reviewed research
·
Identify at least one resource you intend to use in
the future to find peer-reviewed research

MY INTEREST is PSYCHIATRIC MENTAL HEALTH NURSE PRACTITIONER

NURS 6003 Walden Wk 4 Post Traumatic Disorder Amongst Military Returnees Worksheet