Thursday, March 29, 2007
Quick (food) recap of Japan
Ok so we did do a lot of other stuff other than eat, but I thought that I'd start with the food first to make you all jealous, and to show how much of a glutton I am! MORE FOOD!
I'm off to Rome, Venice, Paris, and then Mumbai and New Delhi now. I'll keep posting when I can get online. Cheers.
Monday, March 26, 2007
Back to home base
There's a ton of pictures from the trip, and I'll post up some later when I have a chance, but I'm trying to be productive today and work on the pre-work for my new job. Just finished the pre-assessments and now I have to go through all the individual study modules. They weren't kidding when they said it would take 35 - 80 hrs for all of this stuff. Lots of good finance stuff that's bringing back memories of accounting and finance back at school... nice...
Of course, once I start trying to do work, I end up also finding ways to distract myself from accomplishing the said work. As such, I've just started checking out Penny Arcade courtesy of an article in Time, and my wonderful sister has introduced me to Dlisted, as part of her education of websites NSFW (not suitable for work for the non-gen whatever we're on now).
This comic in particular caught my attention since this is the type of ridicule typically reserved for Microsoft services - and to be honest, the Xbox Live and Zune Marketplaces have pretty similar purchase processes - but it's pretty darn great to see someone else get smacked around for once.
Three cheers for crappy user experiences!
Friday, March 23, 2007
Age++
It's all about the next 8 years. Time to get those engines roaring - it's now or never.
(Of course, that can all start 5/4. I'm still on vacation travelling the world until then...)
Monday, March 19, 2007
Too much good food... must... stop.... ugh
Can't wait for the next 5 days of more food. Japan rocks.
Friday, March 16, 2007
Chinese Copycats
I am having 2 Western suits, 1 Chinese suit, 12 shirts, and 2 pairs of paints made for me. The suits are about US$200 each because I'm using some material from Italy. The shirts are US$20 each. And the pants, are about US$30. The shop keeper is going to come down to HK the week after for a fitting, and then have the clothes delivered the week after that. A friend of mine mentioned that he actually knew a lady who had 20 suits made, so she didn't have to repeat a suit for a whole month. I can see the attraction of doing that...
I also got 2 dresses made for my girl based on the pictures she sent. We'll see how that goes. If it actually turns out well, that may be the new avenue for shopping for her. I could see how it gets pretty fun, especially if you actually start designing your own clothes. Too bad I'm too old to wear any clothes that are more adventurous.
Thursday, March 15, 2007
Talk about fanatic...
If 300 is any indication, the U.S. is in a world of hurt. Makes you think if this is what Frank Miller was thinking when he wrote the comic.
Tuesday, March 13, 2007
Yeah ABC!
Sunday, March 11, 2007
Immortality
9 ways to tell things are getting out of hand...
Thursday, March 8, 2007
A moment of silence
Travelling around and visiting new places really helps me appreciate how similar people are despite what seem like insurmountable differences. It's sad more people don't get this opportunity to appreciate global citizenship.
The Asian twin towers
Tuesday, March 6, 2007
The new Tokyo: Shanghai
My first day in Shanghai was pretty amazing. We arrived at Shanghai after a 2 hour plane ride and was whisked off to the hotel where my dad had a meeting and I got an in depth tour of the hotel from the hotel manager. I got to meet the director of HR, Sales, Reservations, Housekeeping, Guest Services, F&B, and got to see how security and the kitchen staff was run.
Some interesting things about the hotel:
- The hotel employs about 800 people and they each of their own uniforms, locker, and are provided 2 meals a day
- Each hotel designs their own uniforms, since the owners differ and they want to be unique. This seems rather inefficient, although it is mostly a one time cost
- The industry attrition rate is in Shanghai hotels is about 40% and staffing is the biggest issue for hotels. The hotel has been able to lower it by sponsoring various training programs and growth opportunities, but that in itself brings issues as this makes the staff even more valuable if they want to do something else
- Employees are not given an ownership stake until they reach the GM level, which is surprising as this would be a good way to lower attrition
- The margins on hotel rooms are about 80% since the primary costs are housekeeping, electricity, and service. This dwarfs the margin from restaurants which is about 35%, and so some hotels are now just not having restaurants at all. They don't actually have an estimate of how much incremental revenue from services and F&B a guest brings in though, which is a little surprising
- 70% of the patrons of the hotel restaurants are local - in other words only 30% of hotel guests actually dine at the hotel, further bolstering the argument for not having restaurants
- The spa business also has high margins, although this spa actually brings masseuses from Thailand to work here and pays for their living expenses
- Shanghai is very much a commercial center, with 90% occupancy during the week, and only about 60% occupancy on weekends
- Accounting requirements in China are pretty ridiculous - most documents need to not only be printed, but stored indefinitely/permanently
- Each hotel is pretty much it's own business, with revenues exceeding $15M a year, the owner acting as the board of directors, and the GM acting as the CEO
- All renovations to the hotel have to be approved by the owner, as well as any expenditures over 2000RMB ($225)\nAll rates are negotiable
- Although there are 6 (and soon 9) hotels from the same chain in Shanghai, they all compete since the owners are all different. This brings up interesting conflict of interest issues, although to some extent, the chain would want to maximize profits for each individual property
Some interesting things about Shanghai:
- 20 years ago, there were no international hotels in Shanghai, and the hotels were crummy and insect ridden. 10 years ago, PuDong area was farmland and undeveloped. Today, PuDong is like the financial district, and 2 of the tallest buildings in the world are there, and you don't see any farms at all
- There's a bunch of European style (gothic) buildings recently restored left over from the colonial days, which adds to the craziness
- There are 22M people in greater Shanghai, which is equivalent to the population of Taiwan...
- Shanghai feels very much like Tokyo - a mix of the super new with the super old
From Shanghai 2007 From Shanghai 2007 - Traffic lights are only guidelines - people ignore them when they want
My appointed tour guides Rachel and Matthew. They got to have a half day at work in return for taking me around Shanghai for the day. They're a ton of fun and were kind enough to take me to get some awesome food and see some cool sites.
From Shanghai 2007 |
From Shanghai 2007 |
And talk about your bad ass soup dumplings - so much soup you have to use a straw. Awww yeah.
From Shanghai 2007 |
And Chinese people like gold so much, they build a fake gold tree and throw money on it
From Shanghai 2007 |
Finally, here's the Mckinsey office in Shanghai. You can't see it here but there's a pretty big logo at the top and they have like 5 floors. The office is in XinTianDi, the expat bar/club district. Sweet.
From Shanghai 2007 |
Sunday, March 4, 2007
home sweet home... kinda
Got home and just had a relaxing weekend - eating good food, playing some basketball, getting drunk with my buddies, playing some video games, seeing the family - the usual home coming activities. But strangely, I'm starting to feel less at home in Hong Kong now. Maybe it's because I'm missing my other half, or maybe, god forbide, I'm starting to think of Seattle as home? brrrr.... scary thought. ;)
Friday, March 2, 2007
The bar keeps moving up…
Ever since my parents got divorced I would get to spend a few weeks with my dad every year, and I always had mixed feelings both before and after the visit. Before, I would dread the boredom when he inevitably had to work (I knew all the plotlines for Another World and Days of Our Lives) or having to be on my best behavior for church/relatives, but excited about getting to hang out with my dad. After, I would feel guilty for not being more grateful for my dad going the extra mile to make sure I had a good time, and seeing his lone figure at the airport waving at me made me pray that he could start another loving family so he wouldn’t be so alone when I’m not around. At the same time, I would be happy to go back to my “normal” life and be with my mom and hang out with my friends.
Although the circumstances have changed, I still have mixed emotions whenever I visit my dad, and this past week was no different. On one hand, it makes me super happy to see my dad’s family doing well, and watching my little brother and sister grow up is truly amazing. On the other, I end up feeling a little sad because I always get the impression that my dad was unable to live up to his expectations for himself, and although he is constantly telling everyone how proud he is of me, I know that I have yet to live up to his expectations for me as well.
It’s always nice to have something more to strive for. Maybe I can still go be a doctor…