Hotel Business : A Hospitality Business That Focuses On Accommodations, Food And Beverage, And Types Of Amenities

Conrad Hilton has an influential characteristics to influence people and became an idol for his time. The reason why people take him as idol is because he was a successful entrepreneurs and also a legislator to global leaders. He bought an unprofitable hotels and turned it into a brilliant hotels. After Hilton used his “magic formula” to control the hotel cost, they earned the margin at the end of the month. Hilton suggested that each hotel have to controlling to its individual costs and increase the profit without interrupt their service towards the

Hilton was able to build a hotel empire even though he suffered a huge financial setback during the Great Depression. His belief was that each property should have its own style, not look like a part of a chain.

The Marriott Corporation, an American firm, was founded in 1927 by J.Willard Marriot.The company began as a small beer stand and soon began to sell food and provided lodging that expanded rapidly. With the help of his wife Alice, the family owned business had 45 restaurants in nine states by 1940 and grew into one of the leading service companies. The Company has three major lines of business: lodging, contract service and restaurants.

Hilton Worldwide is one of the largest hospitality companies in the world, with more than 4,610 hotels, resorts and timeshare properties comprising of 786,502 rooms in 100 countries and territories as of December 31, 2015. In 1919, the company was founded by Conrad Hilton in Cisco, Texas. Its initial public offering was on December 12, 2013 at $43.89 per share. Hilton Worldwide offered 12,881,673 shares on the New York Stock Exchange (NYSE).

Hilton Hotels Corporation – Hilton was founded in 1946 and headquartered in Beverly Hills, California. It has 2,838 hotels worldwide under the brands Conrad, Doubletree, Embassy Suites etc. HTL operates upscale full-service and limited service hotels in urban, airport, resort and suburban locations. It ranks third in the number of employees (105,000) and revenues ($8.6 billion) but second in net income of $552 million.

The hotel industry is a very hard industry to enter into, due to one of the biggest obstacles, which is brand recognition. Right now there are a few large hotel chains that make a large footprint in the market. It is hard for a new entrant to come into the industry and compete with these large hotel chains without bringing something new to the table. Many large chains in the industry dominate the industry due to economies of scale due to franchising.

The report focused particularly on the following hotel chain Hilton Worldwide. Hilton legacy began in 1925, it was founded by Conrad N. Hilton. The first hotel was built in Texas and had 40 rooms; today Hilton is one of the most respected brands in the world. The company owns, manages or franchises a hotel group of some of the most famous and highly regarded hospitality brands worldwide, including Hilton, Conrad Hotels & Resorts, Double Tree by Hilton, Embassy Suites Hotels, Hampton, Hilton Grant Vacations, Homewood Suites by Hilton and the Waldorf Astoria Hotels & Resorts. With 4000 hotels and 650,000 rooms in 90 countries Hilton Worldwide is one of the world’s leading hotel. (Hilton Worldwide, 2013)

Hilton was established nearly 100 years ago in Cisco, Texas (USA) in 1919 by Conrad Hilton and has since continued to grow and remained a leader in the hotel industry. Hilton has expanded its hotel family brand in 1997 by acquiring the Promus Corporation which added the Doubletree, Embassy Suites, Hampton Inn and Homewood Suites (Hilton, n.d.). Hiltons Brand, now either through direct ownership, or franchises is

The Hyatt Corporation was founded by Jay Pritzker in 1957. The first hotel purchased was located in Los Angeles, California. Hyatt is a management company that runs the operations of each hotel even though most of the Hyatt hotel properties are privately owned. They currently have two hundred sixteen hotels around the world and recently purchased one hundred forty three AmeriSuite hotels which were renovated and are being operated under their new name, Hyatt Place. Hyatt is known for specializing in luxury hotels that also provide meeting facilities and special services. The Hyatt Regency in Columbus Ohio was built in 1980. This hotel has six hundred and thirty one guest rooms, which makes it the largest hotel in the State, based on

Hilton Hotel is founded by Conrad Hilton, they started their operation since 1919 and since then, they become one of the well-respected premier hospitality organizations with diverse employees worldwide. Currently, they have more than 4,600 owned and franchised hotels and resort chain in 100 countries. It has more than 200,000 rooms to accommodate guests from different parts of the world. It has more than 400,000 employees and team members to answers the needs of their guests (Hiltonhotelworldwide.com, 2016). In most of their branches their organizational structure is simple, with managers and supervisors from a different department, including admin, marketing, finance, human resource, concierge, food and beverages, housekeeping and etc.

The Hotel is situated in the bustling East Cork market town of Midleton, located just 14 miles (15 mins drive)

It was during the 20th century in 1919 when Conrad Hilton came from the war he wanted to be a banker .He almost bought the bank but the dealer raised the price for the bank then hilton changed his attention from purchasing a bank to hotel that’s when he founded the original company and bought his first hotel in Cisco,Texas ,Mobley Hotel. Conard Hilton later on started to purchase hotel’s which were unprofitable and then turn them into profit making hotels.In 1924 Conard Hilton built the first true Hilton which was in Dallas, Texas by 1927 Hilton had 8 hotel properties under him which includes Waco, Texas, and opens its first hotel with cold running water and air-conditioning in public area,Two years later in 1929 Hilton announced that he will built a premier Hilton hotel in El Paso,Texas for the price of 1,750,000 Dollar .Fewdays later the stock market crashed which led to unemployment

A lot of business travellers want to stay in well known hotels like Mariott or Hilton. Only 16% want to stay in individual hotels. So for the industry it is important to have a very good reputation. Of course the people try to get the best price for a room and most hotels have company rates which are below the normal rack rate. Also important for a booking is the location of the hotel and the bonus programs. For 26% of the guests Airline milage is important. So the hotels have to work with airline companies and they want special conditons as well.

Precisely what is it that makes a name so famous that people from all over the world flock to the most fad destinations spots just to stay in a hotel? When you hear of the name Hilton immediately the images of relaxation, luxury and quality spring into your mind. Yet, what is it that put the name Hilton in such high demand when booking a place to stay? Conrad Hilton the famous impresario built his timeless legacy from the ground up. From humble beginnings as a general store owners son to the founder of over 500 hotels and resorts spread over 78 different countries, Conrad Hilton redefined the meaning of lodging and hospitality and constructed the expectations of what is known today as a stay at the Hilton.

The following report was derived from the primary use of secondary sources, in addition to telephone contact with hotel representatives. Secondary sources included research from the Internet, industry books, company marketing communications, trade and general business newspapers and magazines, among others. Through all the sources, relevant data and information was extracted into the report's appendices. After individual analysis and group discussion, the following report was devised. The mandate of this report is to provide a macro examination of the luxury hotel industry and specifically the future outlook of Four Seasons Hotel and Resorts, Inc.