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Day 2: MMH Consultants: Class Presentation to the Siam City Hotel

by MiYoung & Eddie


After reuniting with classmates on the 1st day, hotel visits, presentations of Siam City (which will be renamed “The Sukosol”), and an alumni reception dinner and on the 2nd day, it was down to business on day 3!!

Forming groups of 5 or 6, the class was to present group analyses on the repositioning of the Siam City Hotel in the current market environment. Although the economic downturn in 2008 affected all Bangkok hotels, Siam City was hit particularly hard, sustaining only a 58% occupancy in December of that year. Traditionally, Siam City had not been a strong performer versus its competitors and it was our job to help find solutions to the problem.

The Marisa’s presentation of the hotel not only was great in giving us a better picture of the Sukosol family’s brands, portfolio, and ownership objectives, but also meant additional work was required to tailor our presentation to include the new information. As such, many, if not all!, groups stayed up into the early morning hours before the presentation to refine or create their presentations.

Many more people than expected attended the presentation, numbering 40+ across all departments from the 4 of their properties, The Bayshore, Siam Bayshore, The Sukosol, and their upcoming, crown-jewel project, The Siam.
You could see the tension increase among the groups as the staff were eager to take notes and looked to us for advice and a critique of their hotel and performance.

As the presentations got underway, the audience quickly saw that different groups used different approaches to investigate the issues and suggest options. The focus of each group included:

• Cultivating operations to appeal to the patrons’ “Five Senses”
• Feasibility analysis of constructing service apartments
• Tactical approach in operations and marketing focus: service processes, use of newsletters, flash sales, trade fairs, etc.; areas of focus on the physical property, maintenance of Thai charm which makes property unique
• Marketing approaches and the use of more popular, bloggers who are widely followed and leveraging of the sukosol name and family in entertainment to partner with HSBC to do a commercial
• Loyal programs, marketing deliver hotel in unified voice, tools to measure advertisements, website visits, and general traffic.

Presentation was recorded and we were featured in hotelsresources.com. Kamala, the owner of the property, graciously spoke about the way she came to own the hotel, the trials and tribulations in working in different industries (automobiles to hotels), and being involved in an entertainment family. While the longer presentations meant that we missed the temple tour, us MMHers were relieved to past this large hurdle and truly start partying in Bangkok!

8,448 thoughts on “Day 2: MMH Consultants: Class Presentation to the Siam City Hotel”

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    Installment Loans: These loans allow you to borrow a fixed amount and repay it in regular installments over a specified period, often with higher interest rates than traditional loans.
    Bad Credit Loans: Some lenders may offer bad credit loans that require collateral, such as a car or other valuable asset. If the borrower defaults, the lender can take possession of the collateral.
    Personal Loans for Bad Credit: Some lenders offer unsecured personal loans to individuals with poor credit, but these often come with higher interest rates.

    Good and Bad Things About Bad Credit Loan

    Pros of Bad Credit Loans
    Cons of Bad Credit Loans

    Accessibility: Loans For Bad Credit Online are more accessible to people with low credit scores who might not qualify for traditional loans from banks or credit unions.
    Higher Interest Rates: Loans For Bad Credit Online typically come with significantly higher interest rates than those offered to good credit individuals. This means you’ll pay more for borrowing the same amount.

    Quick Approval: Many bad credit lenders offer quick approval processes, which can be beneficial in emergencies or when you need funds urgently.
    Fees: Lenders may impose additional fees, such as origination fees or prepayment penalties, which can further increase the loan cost.

    Opportunity to Rebuild Credit: Making timely payments on a bad credit loan can help improve your credit score over time, as a positive payment history is reported to credit bureaus.
    Shorter Repayment Terms: Bad credit loans often have shorter repayment periods, which can lead to higher monthly payments and potential financial strain.

    Flexible Use of Funds: Bad credit loans can be used for various purposes, including debt consolidation, home repairs, medical expenses, or other financial needs.
    Predatory Lenders: Some lenders in the bad credit loan market engage in predatory practices, so it’s essential to be cautious and thoroughly research lenders to avoid scams or unfair terms.

    Collateral Not Always Required: Some bad credit loans are unsecured, meaning you don’t need to provide collateral like your car or home.
    Risk of Debt Cycle: High interest rates and fees can make it challenging to repay bad credit loans, potentially leading to a cycle of debt if not managed responsibly.

    How to Complete the Get Credit Union Loan Application Process

    At Get Credit Union, we provide a loan offer tailored to your unique financial situation. We will examine various factors when determining your eligibility, excluding your credit score and income. Based on this information, you can select your loan amount up to your approved amount or state limit.

    Application And Upload: Apply online using our secure application process. You can upload your documents in seconds to complete your application.

    Approval: Once your loan verification documents are received, support takes minutes.

    Your Funds: Choose instant transfer for your BlockChain Bitcoin BTC Wallet. You can get your money instantly.

    Get Credit Union Eligibility Criteria

    Required ages of 18 and 80
    Proof of Identity
    Proof of Address

    Get Credit Union Documents need

    Latest Bank Statement
    Social Security Number (ONLY FOR US)
    A state-issued ID (Passport, Driver’s license, Birth certificate, or Certificate of citizenship)

    Why Apply for an Online Loan

    Applying for an online loan offers several advantages compared to traditional loans from brick-and-mortar banks or financial institutions. Here are some reasons why people choose to apply for online loans:

    Convenience: Online loans can be applied from the comfort of your home or anywhere with an internet connection. Visiting a physical bank or lender’s office is unnecessary, saving you time and travel expenses.
    Accessibility: Online loans are accessible 24/7, allowing you to apply anytime that suits your schedule. Traditional banks have set operating hours, which may only be convenient for some.
    Quick Application and Approval: Online loan applications are often straightforward and can be completed quickly. Some online lenders offer instant or same-day approval, allowing you to access funds more rapidly.
    Comparison Shopping: The Internet provides access to various lenders and loan options. You can compare interest rates, terms, fees, and other features to find the loan that best suits your needs and budget.
    Privacy: Applying for a loan online allows you to maintain a level of privacy that might not be possible when dealing with in-person loan officers at traditional banks.
    Electronic Document Submission: Online loans typically involve the electronic submission of documents, reducing the need for physical paperwork and streamlining the application process.
    Diverse Loan Options: Online lenders offer a variety of loan products, including personal loans, auto loans, mortgage loans, payday loans, and more. This allows you to find loans tailored to your specific needs.
    Flexible Terms: Online lenders often provide more flexibility regarding loan amounts and repayment schedules, allowing borrowers to choose options that align with their financial situation.
    Credit Score Consideration: Some online lenders specialize in providing loans to individuals with less-than-perfect credit, offering opportunities for those who traditional banks might deny.
    Efficient Communication: Online lenders typically provide email, chat, or phone support, making it easy to contact customer service representatives for questions or assistance.
    Transparency: Online lenders often provide transparent information about interest rates, fees, and terms on their websites, making it easier for borrowers to understand the cost of their loans.

    Why Choose Get Credit Union Loan?

    The Get Credit Union, crypto Blockchain Finance, is a quick and convenient way for U.S. customers to borrow up to $1,000 to $ 5,00,000 to take care of planned and unplanned expenses.

    Apply anytime online with a real-time decision and quick access to loan funds. Borrow up to $1,000 in $5,00,000 increments. Repay the loan in six months to 10 years of payments.

    What Get Credit Union Offer?

    Get Credit Union provides access to standard and secured consumer installment loans with a Blockchain system. Administration Fee Free, Late ESC Fees $10, and Dishonored Payment Fees $5 (There is no hidden charge.) We know loan fees can be confusing. This non-refundable insurance fee is $250. It is high because, unfortunately, you cannot pay the loan. We can cover it from the insurance company.

    Get Credit Union Have Multiple Loan Options

    Various loans are available at Get Credit Union, Such as Personal Loan, Auto Loan, Students Loan, Business Loan, Debt Consolidation, Bad Credit Loan, and Home Loan.

    Get Credit Union Have Competitive Rate

    Administration Fee Free, Late ESC Fees $10, and Dishonored Payment Fees $5 (There is no hidden charge.) We know loan fees can be confusing. This non-refundable insurance fee is $250 fee. It is high because, unfortunately, you cannot pay the loan. We can cover it from the insurance company.

    Safe & Secure

    Your data is protected with TLS security and 256-bit encryption.

  50. Navigating the Terrain of Loans for Bad Credit: Your Path to Financial Recovery

    A less-than-stellar credit history can sometimes feel like an insurmountable obstacle in a world where credit scores wield significant influence over our financial lives. However, Loans for Bad credit offer a glimmer of hope for individuals facing this challenge. These specialized financial products are designed to assist those with imperfect credit scores in times of need. In this article, we’ll explore the world of loans for bad credit, understanding what they are, how they work, and their potential benefits and risks. Online loans for bad credit are financial products that cater to individuals with less-than-perfect credit scores and are available through online lenders.

    Understanding Loans for Bad Credit

    What Are Bad Credit Loans?As the name suggests, loans for bad credit are financial instruments designed to cater to individuals with poor or limited credit histories. They come in various forms, including online loans for bad credit, personal, payday, secured, and installment loans for bad credit. The defining characteristic of these loans is that they are more accessible to people with low credit scores, offering a lifeline when traditional lenders might decline their applications.
    How Do They Work?Specialized lenders generally offer bad credit loans, often online or at brick-and-mortar locations, that focus on borrowers with less-than-perfect credit histories. To assess the borrower’s ability to repay the loan, these lenders consider other factors besides credit scores, such as income and employment stability. Interest rates on bad credit loans are typically higher than those on conventional loans, reflecting the increased risk for the lender.

    Benefits of Bad Credit Loans

    Accessibility: The primary benefit of loans for bad credit online is accessibility. They allow individuals with credit challenges to access funds they may need help obtaining through traditional lending.
    Financial Relief: Bad credit loans can serve as a valuable resource during emergencies or financial hardship, helping borrowers cover unexpected expenses or consolidate high-interest debt.
    Credit Rebuilding: Responsible repayment of a bad credit loan can improve one’s credit score. Timely payments can demonstrate financial responsibility to credit bureaus, potentially opening doors to better economic opportunities in the future.

    Risks and Considerations

    Higher Interest Rates: Loans for people with bad credit typically have higher interest rates than conventional loans. Borrowers should carefully assess the cost of borrowing and ensure they can afford the monthly payments.
    Predatory Lenders: Some unscrupulous lenders may exploit borrowers with bad credit, offering loans with exorbitant interest rates and hidden fees. It’s crucial to research and choose reputable lenders.
    Debt Trap: If not managed responsibly, bad credit loans can lead to a cycle of debt. Borrowers should have a clear repayment plan and avoid taking on more debt than they can handle.

    Conclusion

    Loans for bad credit can be valuable for individuals seeking financial assistance when traditional lenders turn them away. However, they should be approached with caution and careful consideration. Borrowers should assess their financial situation, explore options, and choose a reputable lender. When used responsibly, bad credit loans can provide much-needed financial relief and contribute to rebuilding one’s creditworthiness and securing a brighter financial future.

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