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Full-Text Articles in Business
An After Tax Economic Analysis Of Home Equity Conversion For The Elderly, Lowell James Cramer
An After Tax Economic Analysis Of Home Equity Conversion For The Elderly, Lowell James Cramer
FIU Electronic Theses and Dissertations
The FHA program to insure reverse mortgages has brought additional attention to the use of home equity conversion to increase income to the elderly. Using simulation, this study compares the economic consequences of the FHA reverse mortgage with two alternative conversion vehicles: sale of a remainder interest and sale-leaseback. An FHA insured plan is devised for each vehicle, structured to represent fair substitutes for the FHA mortgage. In addition, the FHA mortgage is adjusted to allow for a 4 percent annual increase in distributions to the homeowner. The viability of each plan for the homeowner, the financial institution and the …
Corporate Responsibility On A "Grand" Scale: Mgm's Employment Outreach Program, Thomas J. A. Jones, Bernard Fried, Andrew Nazarechuk
Corporate Responsibility On A "Grand" Scale: Mgm's Employment Outreach Program, Thomas J. A. Jones, Bernard Fried, Andrew Nazarechuk
Hospitality Review
The world's largest hotel, casino, and theme park has demonstrated that corporate responsibility to the community and corporate self-interest need not be mutually exclusive. MGM's human resource department established an employment outreach program that hired 1,462 economically disadvantaged persons from the community. This effort was a "win-win" situation for the both the community and the corporation and the hotel received a significant wage credit from the Job Training Partnership Act.
Canada As A Potential Vacation Destination For Florida Residents, Ady Milman
Canada As A Potential Vacation Destination For Florida Residents, Ady Milman
Hospitality Review
Canada expends a large amount of money on tourism and advertising in the U.S., but growth has not kept up. The author surveys Floridians as to their attitudes toward Canada as a tourism destination.
Tourism In The Egyptian Red Sea Area: A Responsible Development Approach, Lawrance Yu
Tourism In The Egyptian Red Sea Area: A Responsible Development Approach, Lawrance Yu
Hospitality Review
Egypt has always been a world-renowned tourism destination of antiquity. A government policy of product diversification attempts to disperse tourists more evenly in the country. The Egyptian Red Sea coast is therefore targeted as a new tourism development zone. The author identifies the new development patterns in the Egyptian Red Sea area and discusses the potential tourism impact on the coastal environment. It is recommended that a responsible development approach be adopted for coastal and marine tourism in the Egyptian Red Sea area
Intra-Regional Tourism And Challenges Facing Hong Kong's Hotel Industry, J.S. Perry Hobson, Goldwyn Ko
Intra-Regional Tourism And Challenges Facing Hong Kong's Hotel Industry, J.S. Perry Hobson, Goldwyn Ko
Hospitality Review
Asia is experiencing a rapid growth in intra-Asian tourism, and is finding that the spending priorities of these new visitor markets is quite different from traditional markets. Not only have Hong Kong's markets changed, but the economic operational environment is becoming increasingly difficult as a result of the change in sovereignty in 1997, increasing land prices, and new regulations. The current structure of the hotel industry is out of balance with the demands of these new markets. Hong Kong now needs to consider some intervention in the hotel industry to further encourage the development of properties in this mid-market.
Standards For Tourism Management Success: U.S. National Park Managers, Robert M. O'Halloran, Christopher Siew Wong
Standards For Tourism Management Success: U.S. National Park Managers, Robert M. O'Halloran, Christopher Siew Wong
Hospitality Review
National park managers are the subjects in the fifth segment of a study examining the skills and abilities needed to be successful tourism managers. The authors discuss these skills and their impact on successful tourism management.
Future Seniors And The Travel Industry, Elizabeth B. Pederson
Future Seniors And The Travel Industry, Elizabeth B. Pederson
Hospitality Review
Persons over the age of 55 will soon comprise the majority of the travel industry. The impact of market size and potential is staggering. The author discusses the future senior travel market and provides recommendations for attracting and servicing this group.
Making Non-Career Jobs Attractive To Younger Workers, Mark D. Fulford, Richard J. Wagner
Making Non-Career Jobs Attractive To Younger Workers, Mark D. Fulford, Richard J. Wagner
Hospitality Review
As most hospitality industry managers in the U.S. are already aware, there is a growing and persistent shortage of labor available for service-sector, non-career jobs, the very jobs so vital to the industry. In most cases, recruitment efforts for these jobs are targeted toward younger workers, those under age 25. The authors explore issues regarding the attractiveness of non-career jobs in the eyes of young persons and suggest that, in addition to factors related to the job itself (pay, hours, type of work), the type of procedures used by employers to make selection decisions are equally influential. Recommendations are made …
Multimedia Training: Why Some Use It And Some Do Not, Kimberly J. Harris
Multimedia Training: Why Some Use It And Some Do Not, Kimberly J. Harris
Hospitality Review
Forms of interactive multimedia, including CD-ROM, DV-I, Laserdisc, and virtual reality, have given a new perspective to training in many industries. As the hospitality industry and other service industries continue to grow, these forms of technology are becoming of increasing interest as organizations strive to deliver more efficient and effective services to customers and employees
Ethical Challenges Of The Industry: Are Graduates Prepared?, Matt A. Casado, Gary K. Vallen, William E. Miller
Ethical Challenges Of The Industry: Are Graduates Prepared?, Matt A. Casado, Gary K. Vallen, William E. Miller
Hospitality Review
Hospitality graduates often enter their first jobs unaware of the difficult ethical dilemmas they will face. By having ethics teaching in a curriculum, the authors of this article believe that the perceptions of ethics of senior hospitality students at Northern Arizona University were comparable to those of operating industry managers.
Outsourcing Information Services In The Hospitality Industry, Glen Leitch Jensen
Outsourcing Information Services In The Hospitality Industry, Glen Leitch Jensen
Hospitality Review
Outsourcing of informational services, a growing trend outside the hospitality industry for several years, is the process of contracting with an outside vendor to take over all or part of a company's information processing needs. The author examines the pros and cons of outscourcing to help the hospitality industry determine if this si a business practice to be considered.
Training Methods Utlilized By Independent Restaurant Managers, Christine Lynn
Training Methods Utlilized By Independent Restaurant Managers, Christine Lynn
Hospitality Review
Formal, systematic training has always been cited as a major need for the future success of hospitality operations. However, one other aspect of the job might be the development of a train-the-trainer curriculum for hospitality management students. The author studies the relationship between training preparation and training methods utilized by restaurant managers and explores this need.
Cross-Cultural Cuisine: Long-Term Trend Or Short-Lived Fad, Monika A. Holland, Audrey C. Mccool
Cross-Cultural Cuisine: Long-Term Trend Or Short-Lived Fad, Monika A. Holland, Audrey C. Mccool
Hospitality Review
Defining a consumer interest as a long-term trend or short-lived fad has significant implicatiosn for restauranteurs' management decisions. The terms "trend" and "fad" can be operationally defined for the food service industry. The authors examine today's popular cross-cultural cuisine to determine its trend or fad status and discuss the catalysts that promoted or hindered its trend/fad status, as well as implications for the food service industry.
Tourism Professionals Profile: Theme Park Managers, Robert M. O'Halloran, Christopher Siew L. Wong
Tourism Professionals Profile: Theme Park Managers, Robert M. O'Halloran, Christopher Siew L. Wong
Hospitality Review
Theme park managers are a unique group of tourism managers. Their perspectives on effective tourism management skills and abilities differ from some public sector tourism managers. The authors present the results of a study focusing on theme park managers and compare these results with those of other tourism manager groups
Hospitality Information Systems: Intuitive, Object-Oriented, And Wireless Technology, Michael L. Kasavana
Hospitality Information Systems: Intuitive, Object-Oriented, And Wireless Technology, Michael L. Kasavana
Hospitality Review
Automated information system design and implementation is one of the fastest changing aspects of the hospitality industry. During the past several years nothing has increased the professionalism or improved the productivity within the industry more than the application of computer technology. Intuitive software applications, deemed the first step toward making computers more people-literate, object-oriented programming, intended to more accurately model reality, and wireless communications are expected to play a significant role in future technological advancement.
The Role Of Theme Parks In Tourism, Lou-Hon Sun, Muzaffer Uysal
The Role Of Theme Parks In Tourism, Lou-Hon Sun, Muzaffer Uysal
Hospitality Review
Although the theme park has been a major tourism destination in the United States, little research has been done in this industry. The growing economic significance and competition of the theme park industry ensure that the study of theme parks will emerge as a more popular research topic in the years to come. The authors review related articles and identify potential research topics in the theme park industry.
Wellness And Obesity: Implications For Health Care Costs Among Restaurant Managers, Said M. Ladki
Wellness And Obesity: Implications For Health Care Costs Among Restaurant Managers, Said M. Ladki
Hospitality Review
Overeating, inadequate exercise, work-related stress, and long working hours are accepted issues among restaurant managers. The underlying question was whether such life styles affect employers' health care cost and restaurant managers' health and ability to cope with imposed business requirements. The author discusses strategies to help employers reduce health care costs, increase employee productivity, and improve job satisfaction.