Sanctions Make Luxury Hotel Rethink Business

Sanctions Make Luxury Hotel Rethink Business

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Business, Geography, Science, Life Skills

University

Hard

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The transcript discusses the impact of geopolitical tensions on Corinthia Hotels, particularly in Russia, leading to a shift in focus to the domestic market. The company has a global presence with properties in various countries and plans for expansion in cities like New York and Paris. The performance in European markets like Prague and Budapest is positive, while locations like Saint Petersburg and Tripoli face challenges. Future strategies include expanding to Asia and adopting flexible business models to adapt to changing market conditions.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How has Corinthia Hotels adapted to the decline in Western visitors due to geopolitical tensions?

By focusing on the domestic market in Russia

By closing their hotel in Saint Petersburg

By partnering with Western travel agencies

By reducing their room rates significantly

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following cities is NOT mentioned as a current location for Corinthia Hotels?

Tripoli

Tokyo

Budapest

Malta

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is Corinthia Hotels' strategy for future expansion?

Focusing solely on owning properties

Reducing the number of properties in Europe

Partnering with local hotels in Africa

Expanding into the Asian market

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which European city is mentioned as having a well-performing Corinthia Hotel property?

Paris

Prague

Berlin

Madrid

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the growth rate mentioned for most of Corinthia Hotels' properties?

10 to 12%

15 to 20%

7 to 9%

3 to 5%