Starwood: Operations as a Competitive Weapon Before 2002, meeting and event planning among Starwood properties lacked consistency (Krajewski, Ritzman, & Malhotra, 2010). Each individual property had its own unique approach to event planning, paperwork requirements, and available technology and resources (Krajewski, Ritzman, & Malhotra, 2010). Starwood realized that meetings and events were critical for the continued success and growth of the brand, as a large volume of the hotels’ business derives from this segment (Krajewski, Ritzman, & Malhotra, 2010). For this reason, Starwood must build and maintain successful relationships with event planners (Krajewski, Ritzman, & Malhotra, 2010). In order to determine how best to …show more content…
To this end, the company developed a tool to help with the development of their meeting and event planning, which is a survey given to all Starwood Preferred Planner members after each event (Krajewski, Ritzman, & Malhotra, Video, 2010). Planners receive the survey electronically and rate their experience on a 5 point scale, answering questions regarding their “overall experience, pre-event planning, Star meeting concierge services, hotel staff, audio-visual, problem resolution, and the property manager’s involvement” (Krajewski, Ritzman, & Malhotra, Video, 2010). Within the first year of implementing the Starwood Preferred Planner program, overall scores on the survey increased from an average of 4.55 to 4.66 (Krajewski, Ritzman, & Malhotra, Video, 2010). Not long after the new survey process was rolled out, scores had exceeded corporate benchmarks among all Starwood brands (Krajewski, Ritzman, & Malhotra, Video, 2010). Results, however, are not expected to be the same at each property, as expectations for different types of properties and meetings cannot be held to the same standard (Krajewski, Ritzman, & Malhotra, 2010). Expected results range from 4.25 at a Four Points location, to 4.3 at Sheraton, 4.35 at Westin and W properties, and 4.55 at the Luxury Collection and St. Regis (Krajewski, Ritzman, & Malhotra, 2010). The area in which scores increased the most was in the pre-planning process,
to choose and be more satisfied with their choice of hotel over participants from the extensive
In the story “A Choice of Weapons” the author chose the camera as his weapon the expose the racial unbalance of freedom present in society. The author use his camera by showing society’s symbol of “freedom” but contrasts it with an African American women who is not given the freedom the flag represents. The photographer was told by his boss to go and follow the African American woman and see what her life is like and truly discovered the freedom she is deprived of in life. He discovers that her life has been full of tragedy, loss of opportunity, and sadness. The woman had to live without her parents, her husband was killed, and she had taken on 3 children that are not hers. She cares for the children even though she
Marriott is renowned for its elegant and comfortable hotels and resorts. The company caters to a targeted customer base, ranging from the frequent corporate business traveler to the family enjoying their occasional weekend get-away. Marriott has continued its rise in the lodging, contract services, and restaurant industries. The company continuously strives to meet the needs and wants of its customers while strategically maneuvering the rigors of today’s competitive and ever-evolving market of glamorous destinations and convenient services. In order to remain relevant in a highly-competitive environment, Marriott must strike that successful balance of minimizing costs, and gaining and effectively
Customers are the backbone of every business which is why building a solid relationship is essential to the success of every business. In order to remain competitive companies must be able to meet the needs and wants of their customers. With new hotels and casinos on the rise in the Caribbean, the hotels and casinos operated under Diamond Cluster Entertainment are struggling to remain competitive. Their competitors are making themselves known via social media and other online marketing strategies. This company is ignoring the importance of social media which is why they are struggling to remain competitive and build a solid relationship with their loyal customers. Their competitors are also investing in loyalty programs that offer customers free rooms, room upgrades, casino credits, and other perks.
targeted those people who would recognize and appreciate quality lodging and not those who were seeking “cheap sleep”. Inviting potential guests or individuals who might influence visitor hotel selection to launch parties, swim parties, cocktail parties and other planned events. Targeting supportive hospitality businesses. Packages that supported local businesses were developed.
• Evaluating all current and future purchasing policies and practices across the brands to ensure that the range of products placed in hotels not only enhance the guest experience but drive value for owners while supporting the company's overall
Maverick Lodging is a hotel management company that manages the day-to-day operations of third party franchisees of the Marriott Corporation. The company has recently implemented a balanced scorecard in an effort to align company strategy, structure, performance measurements, and incentives. The organization strategy involves growth in revenue and customer base with the use of differentiation. Issues with the current scorecard and its measures have been identified. Alternative solutions have been researched. A recommended course of action is presented that will allow Maverick Lodging to achieve its strategic goals and objectives.
Marriott International envisions itself to be the world’s lodging leader. Its mission is to provide the best possible lodging services experience to customers who vary in backgrounds, language, tradition, religion and cultures all around the world. Marriot is committed to environmental preservation through using environment-friendly technology and engages in social responsibility and community engagement. We value our shareholder’s so we will only take steps that will ensure our growth. Most importantly, through our “spirit to serve”, we emphasize the importance of Marriott’s people and recognize the value they bring to the organization’s growth and success. It aims to increase revenues by 9% every year, to increase
This paper is designed for exploring the reasons for the success of Four Seasons Hotels and Resorts in Paris (Four Seasons). Four Seasons Hotels and Resorts is Canadian based international leading operator of midsized luxury hotels. Four Seasons has enabled guests to maximize the value of their time with providing high-quality and truly personalized service. Four Seasons was able to succeed with their unique strategy of dealing with cultural differences, unique corporate culture, and strategy of human
Having been in the hospitality business for more than 25 years, the Kimpton Hotels Corporation is a national and global company, which had been widely recognized all over as an industry leader in the boutique brand hotel with a tradition of innovative hospitality. According to the Kimpton Hotel Corporation, “Our mission is to be the best-loved hotel and restaurant company by our employees, guests, owners, and communities and to genuinely support our co-workers, provide heartfelt care and comfort for our guests, and deliver superior financial returns to our investors.” Being immensely focused on this mission, the hotel’s primary goal is to be the most preferred boutique hotel brand in the industry.
Millennium Partners and The Ritz Carlton Hotel have partnered up to open a hotel located in Washington D.C. This hotel will be a multi-use facility called the “Hospitality Complex” where you will find the 300-room Ritz Carlton Hotel, luxurious condos at the top of the complex, restaurants, spas, sports facilities, and retail shops. There is a huge concern that the time frame of the seven-day training process is not enough time from new employees to deliver the supreme guest service that the Ritz Carlton is known for. This Seven Day countdown prohibits the hotel from opening at a higher occupancy rate which means the hotel not making revenue.
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.
To be the first choice of hotel guests, team members, and owners alike, building on the heritage and history by:
The organization has explicitly kept this advantageous environment over other organizations by improving its service capacity. Additionally, the organization ensures that it stays ahead of its rivals by engaging in research and development that focuses on luxury products and markets analysis. The Ritz-Carlton hotel uses data from its research to predict the future of the industry; therefore able to dictate what and how the market will trend in the foreseeable future. Another factor that keeps the organization’s advantage over its rivals is that while rivals tend to become a hotel brand in the industry, Ritz-Carlton has rather position itself to be a leader and lifestyle brand that constantly develop new properties and ensure that customers live the culture of the hotel. The final factor that has kept the advantage of the organization intact is the culture of trust that exists between the management and employees. The leadership of the hotel lives and communicates the organization’s value to its employees who in turn satisfy customers in a way that they often anticipate a return visit. These are some of the reasons that the Ritz-Carlton hotel continued advantageous environment over its rivals has persisted in the hotel and resort industry (Reiss,
The assurance of a smooth running convention is also an extremely important marketing strategy to those groups. Two conventions that Hyatt Regency in Columbus has hosted for 26 years (since the hotel first opened) are the Longerberger Bee and Ohio Tole Painters. These are both very large conventions that base their meetings at the Hyatt. These conventions are very popular for the hotel and the city itself, because of the large amount of revenue generated. By efficiently coordinating and hosting special activities, meetings, luncheons, and other smaller events in the evenings and during the day when the convention center has the group's larger activities occurring, the Hyatt's staff can make the convention coordinator's job much easier. By doing this in a well organized manner, the Hyatt can help the convention organizers insure that the attendees have a great experience. This marketing strategy results in the attendees