Overbooked Essay

While doing reservations , the hotel must have a guarantee, meaning that there should be a law or system, in which allows the booking of rooms by people who are really going to show on, a certain big fee or percentage of the total fee should be paid prior to the arrival of the guest, this would ensure to the hotel that the guest will surely come and won’t disappear and at the same time this will be a motivation to the guest to come, since she/he already paid an amount of money, they don’t want loose the money they paid for the reservation they made, thus they will show . In a nutshell this should be a strategy hotels use while doing booking. Case study: To Flag or not to Flag-and If So, Which flag? 1. As it is known franchising, is the practice of using another firm’s successful business model. What is a franchise agreement? Is a legally binding agreement which outlines the franchisor’s terms and conditions for the franchisee. The franchise agreement also clearly outlines the obligations of the franchisor and the obligations of the franchisee. Since the best franchise application has a fee of $20000 and there is 2% revenue marketing fee, and a reservation fee of $4 per room, I would go with this option since it is the best option that is on ground. If Joy and Bob agree to be part of that franchise corporations, they would have a famous name, and that would attract more guests to come. 2. These factors need to be covered in any franchise agreement: †¢The nature and name of the activity being franchised. This includes details of any rademarks, recipes, specifications or processes associated with the product or service †¢The franchise territory on offer needs to be specified. So should the location of the nearest outlets of the same franchise †¢The duration of the agreement, usually at least five years, together with any renewal terms and conditions †¢The franchise fee, royalty and any other payments to be made †¢What the franchisor agrees to offer in terms of training, marketing, the provision of mat erials and so forth †¢The conditions under which the franchise can be terminated by either party or what their obligations are should that happen. )Additional information would be in term of : †¢The right to use the trade name †¢The Franchisee’s obligations †¢The Franchisor’s obligations †¢The premises and the territory †¢Length of Franchise contract †¢Renewal terms