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Topic: Business
Number of pages / Number of words: 2 / 395
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& McManus, 2002).

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Following a growth strategy of increasing the number of management contracts as quick as possible, the Ritz Carlton adopted the business model of hotel chains. Their actual revenues therefore come from management fees as well as from land rent, resort timesharing, franchise fees, management incentives, and profit sharing (Sucher, S...

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