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my business review of paultons park limited - Assignment Example
Pages 5 (1255 words)
PAULTONS PARK LIMITED Name Institution A general description of the market sector and main competitors Venturing in hospitality business brings with it challenges characterized by unpredictability such as change in weather, insufficiency of funds to promote conservation activities, and difficulty in implementation of laws that meet the needs of clients…
Furthermore, the management should review their financial records with when planning since the industry is characterised by a shift in demand at the market place, hence the need for proper management as it has been the case for years (Needles, Powers & Crosson, 2010, p. 1304). For instance in England, Paultons Park Limited is contributing to the growth of the economy despite the difficulties in managing their operations. During unpredictable times, the management is required to devise means of sustaining tourism activities to ensure that the change in the marketplace does not lead to losses in tourism companies (Futrell, 2004). The measures can include, planning for the accommodations of walk in guest in cases where demand surpasses the supply, budgeting for the needs of the clients and the employees of the park, and lastly, enacting policies that will facilitate revenue generations. In Europe, a majority of tourist prefer going to thematic parks and this is one area in which Paultons has capitalized on; for instance, the corporations has designed parks to cater for the needs of clients from different regions of the world (Yi-De, 2008,p 2). ...
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