Effect of Culture on Expatriates Work Performance Research Paper

Effect of Culture on Expatriates Work Performance - Research Paper Example Another reason why Fairmont failed to sustain its luster is due to its lack of emphasis towards the replacement of its traditional equipment, fixture, and fittings in order to keep abreast with the changing trends. Singapore city had remained economically vibrant over the past few years and thus had attracted both business travelers and tourists alike from across the borders at an increased pace. Demand had remained stable throughout the hospitality sector and hotel segment, but the hotel’s management had felt an alarming situation whilst its occupancy rate dropped immediately in times when the pressure from either group faded. In instances like the business holiday season, the occupancy rate dropped more abruptly compared to other industry players or far more than the industry rate. Likewise, as soon as the peak season for tourists diminished the rate drop for Fairmont surpassed that of its peers. Management is concerned regarding hotel’s obnoxious performance and fear s that if no prompt action is taken to bring in higher efficiency that would match the performance of its peers, it might have to face consequences like complete closure. Management is concerned regarding the prevalent obnoxious performance and fears that if no prompt action to bring in higher efficiency that would match that of its peers, it might have to face consequences like complete closure. So in order to implement and transform a strategy shift through change management, the solution is to be devised based on the current factors that relate to the business.