Marriott International is a global hospitality company with over 2,600 properties in 65 countries. The document discusses Marriott's history, strengths such as its international brand recognition, and weaknesses like insufficient parking. It also analyzes opportunities for growth and threats from competitors. Marriott has implemented IT systems like MARSHA for reservations and a Siebel CRM system to improve the customer experience and increase sales. Recommendations are provided to address weaknesses and better serve customers.
How the Travel Industry Can Take Advantage of the Booming New Membership Econ...customtravelclubs
Travel companies are being continuously marred with escalating distribution & advertising costs, high competition in the market while their margin is on decline.
So, the question arises: How do travel companies earn the loyalty of customers and deliver outstanding benefits without losing margins? One possible answer is: Building loyalty with your customers through a bespoke travel club. According to latest reports, Membership Economy is the new currency for business growth in 2016. The biggest example is Hilton Select Program by Hilton Hotels. Hilton Select is members only savings program offered by the most recognized hotel brand in the world and its huge success is a testament to that.
At Custom Travel Clubs, we provide membership driven organizations the right platform with travel benefits and optional booking technology to build and run their own travel clubs. These travel clubs often operate with 35%-40% margins and create true residual and reliable income.
How the Travel Industry Can Take Advantage of the Booming New Membership Econ...customtravelclubs
Travel companies are being continuously marred with escalating distribution & advertising costs, high competition in the market while their margin is on decline.
So, the question arises: How do travel companies earn the loyalty of customers and deliver outstanding benefits without losing margins? One possible answer is: Building loyalty with your customers through a bespoke travel club. According to latest reports, Membership Economy is the new currency for business growth in 2016. The biggest example is Hilton Select Program by Hilton Hotels. Hilton Select is members only savings program offered by the most recognized hotel brand in the world and its huge success is a testament to that.
At Custom Travel Clubs, we provide membership driven organizations the right platform with travel benefits and optional booking technology to build and run their own travel clubs. These travel clubs often operate with 35%-40% margins and create true residual and reliable income.
What does the content of your marketing communications say about how much your company values its current customers? Interactions with existing customers tend to fall into one of the following categories: a bill, an up-sell offer, a cross-sell attempt, or a renewal offer. There may be some customer value in these actions, but they tend to benefit the company more than the customer.
The study report has been taken on the basis of both primary and secondary data to figure out ideal possibilities for the business current situation in the market to be comparable with other business competitors.
(Read the green parts)CHAPTER 12 READINGCHAPTER 13 REA.docxmercysuttle
(Read the green parts)
CHAPTER 12 READING
CHAPTER 13 READING
Global Thinkers Consulting Group:
Analysis of Marriott Hotel in Panama
Week 10 Group Assignment
Running Head: ANALYSIS OF MARRIOTT HOTEL IN PANAMA 1
ANALYSIS OF MARRIOTT HOTEL IN PANAMA 2
09/0209/2014
Team Members:
Jenn O’Neal
Lisa Ross
Theodore Newton
Tommy Choi
Dominic Eze
Table of Contents
Executive Summary 3
Introduction 4
Nature of the MNC’s International Operations 4
Implementation Problems 5
Management Issues 6
Strategy 6
Finance & Accounting 8
Marketing 8
Human Capital 10
Marriott’s Ethics Code 10
Social Responsibility 12
Conclusion 12
References 13
Executive Summary 2
Introduction 3
Nature of the MNC’s International Operations 3
Implementation Problems 5
Strategy 6
Finance & Accounting 7
Marketing 8
Human Capital 10
Marriott’s Ethics Code 11
Social Responsibility 12
Conclusion 13
References 14
Introduction
Global Thinkers Consulting Ggroup recommends that Marriott Hotel expand their hotel chain into Panama. Panama is a strong option since Marriott is known as a hospitality and tourism industry around the world, providing a variety of services and activities that appeal to guests in Panama. Marriott’s strategy to gain the largest market will be to offer a diverse array of services and luxury hotel features, high quality customer service, and their already prominent name as a foothold. Marriott financing will be guided by a combination of global and US accounting practices so they are compliant in their home country and new sites. Marriott will be able to market to their audience by push-pull promotional practices, attractive pricing, using the Marriott’s current JW brand. Marriott will be successful in Panama because of their strong human capital structure, code of ethics, and social responsibility.Nature of the MNC’s International Operations
Marriott International is a hospitality and tourism industry involved in providing world class lodging, foodservice, recreational, gaming, and travel services across different operational bases globally. The company is a US based hospitality industry with its corporate headquarters in Bethesda, Maryland; the company has expanded its operations into over 80 countries with 4000 brands established to provide services for different consumer segments. In realisingrealizing its corporate mission, the company engages in “operations and franchising of hotel services, the development and operation of holiday ownership resorts, the operation of Marriott Executive Apartments, the provision of furnished corporate housing through its Marriott Executive Stay division, and the operation of conference centrescenters” (Euromonitor International, 2009, p. 5). The provision of these different operational categories help Marriott intensify its effort in ensuring wide coverage in hospitality and tourism in order to maintain competitive advantage, customer satisfaction, and loyalty.
In keeping with innovation ...
Personalization - The key to customer engagement
How to improve revenue by improving customer experience and personalization.
You can expect to learn
Creating single view of customer
Identify mechanics to push customer into a single incentive program
Driving constant engagement with customer
Building customer engagement via Loyalty Program
Grow direct bookings and reduce distribution cost by engaging with customers regularly
What does the content of your marketing communications say about how much your company values its current customers? Interactions with existing customers tend to fall into one of the following categories: a bill, an up-sell offer, a cross-sell attempt, or a renewal offer. There may be some customer value in these actions, but they tend to benefit the company more than the customer.
The study report has been taken on the basis of both primary and secondary data to figure out ideal possibilities for the business current situation in the market to be comparable with other business competitors.
(Read the green parts)CHAPTER 12 READINGCHAPTER 13 REA.docxmercysuttle
(Read the green parts)
CHAPTER 12 READING
CHAPTER 13 READING
Global Thinkers Consulting Group:
Analysis of Marriott Hotel in Panama
Week 10 Group Assignment
Running Head: ANALYSIS OF MARRIOTT HOTEL IN PANAMA 1
ANALYSIS OF MARRIOTT HOTEL IN PANAMA 2
09/0209/2014
Team Members:
Jenn O’Neal
Lisa Ross
Theodore Newton
Tommy Choi
Dominic Eze
Table of Contents
Executive Summary 3
Introduction 4
Nature of the MNC’s International Operations 4
Implementation Problems 5
Management Issues 6
Strategy 6
Finance & Accounting 8
Marketing 8
Human Capital 10
Marriott’s Ethics Code 10
Social Responsibility 12
Conclusion 12
References 13
Executive Summary 2
Introduction 3
Nature of the MNC’s International Operations 3
Implementation Problems 5
Strategy 6
Finance & Accounting 7
Marketing 8
Human Capital 10
Marriott’s Ethics Code 11
Social Responsibility 12
Conclusion 13
References 14
Introduction
Global Thinkers Consulting Ggroup recommends that Marriott Hotel expand their hotel chain into Panama. Panama is a strong option since Marriott is known as a hospitality and tourism industry around the world, providing a variety of services and activities that appeal to guests in Panama. Marriott’s strategy to gain the largest market will be to offer a diverse array of services and luxury hotel features, high quality customer service, and their already prominent name as a foothold. Marriott financing will be guided by a combination of global and US accounting practices so they are compliant in their home country and new sites. Marriott will be able to market to their audience by push-pull promotional practices, attractive pricing, using the Marriott’s current JW brand. Marriott will be successful in Panama because of their strong human capital structure, code of ethics, and social responsibility.Nature of the MNC’s International Operations
Marriott International is a hospitality and tourism industry involved in providing world class lodging, foodservice, recreational, gaming, and travel services across different operational bases globally. The company is a US based hospitality industry with its corporate headquarters in Bethesda, Maryland; the company has expanded its operations into over 80 countries with 4000 brands established to provide services for different consumer segments. In realisingrealizing its corporate mission, the company engages in “operations and franchising of hotel services, the development and operation of holiday ownership resorts, the operation of Marriott Executive Apartments, the provision of furnished corporate housing through its Marriott Executive Stay division, and the operation of conference centrescenters” (Euromonitor International, 2009, p. 5). The provision of these different operational categories help Marriott intensify its effort in ensuring wide coverage in hospitality and tourism in order to maintain competitive advantage, customer satisfaction, and loyalty.
In keeping with innovation ...
Personalization - The key to customer engagement
How to improve revenue by improving customer experience and personalization.
You can expect to learn
Creating single view of customer
Identify mechanics to push customer into a single incentive program
Driving constant engagement with customer
Building customer engagement via Loyalty Program
Grow direct bookings and reduce distribution cost by engaging with customers regularly
Proper Hospitality management is the Primary key to success for a hotel industry . Here is a report that describe about the management strategy and models in top three hotels chain
Segmentation of marriott hotels, different levels of product, products and services of Marriott hotels, reward programs of Marriott and about how they retain their customers.
The company was established upon purchase of the Hyatt House, at Los Angeles International Airport dated 27th September 1957. Owner of the Hyatt were entrepreneurs, Hyatt Von Dehn and Jack D.Crouch. Later, Von Dehn decided to get out of the hotel business. His share was sold to the hotel Jay Pritzker. Jay’s younger brother Donald Pritzer, undertaken the responsbility of hotel operation and acquired motels and hotels. Under Donald’s leadership, Hyatt Corporation became the greatest growing chain of hotels in the United States until his death in the year 1972. Hyatt is a global corporation with broadly recognised, industry. Mission of the hotel is to provide benchmark services by creating a difference. Hyatt key properties by region includes North America, Europe/Middle East/Africa, Latin America, Asia Pacific, Southwest Asia.
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This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
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1. Name: Dinesh Sharma
Roll No.: 80118150034
EMBA (15-17)
Assignment as partAssignment as part
of ‘Service Operationof ‘Service Operation
Management’Management’
2. Introduction
• Marriott International, Inc. is a world leader in the
hospitality industry.
• It has more than 2,600 properties located in 65 countries
• Brands:
3. In 1927, J. Willard Marriott set up a nine-seat root beer
shop in Washington.
In 1937, it entered into airline catering.
In 1967, Marriott Corporation.
In 1987, Marriott ventured into economy lodging.
In 1993, Marriott International Inc & Host Marriott Corporation
In 2002, over 2,300 hotels with annual sales of $20 billion.
5. International brand name
Convenient location
24 hour manned security
Worldwide reservation system (MARSHA). Reservations can be
made from anywhere in the world
Swimming pool (all weather) for guests to relax
Health clubs (ladies and gents) for all the health conscious
people
24 hour business centre with a complete business environment
Strengths
6. Weaknesses
Insufficient parking space. Parking is at a distance from the
hotel in a dark area.
No live cooking like barbeque etc. All indoors eating areas.
Limited choices of restaurants. No traditional restaurant.
Lack of sports facilities i.e. tennis courts, squash courts, etc.
Marquee hall has no air-conditioning
7. Opportunities
Demand for quality hotel rooms growing year on year
Relocation of laundry shop and permit room, away from the main
area.
Specialty restaurant should be introduced to give a wider variety of
cuisine
Up-gradation of Health Club machines
Aerobic classes should be introduced because most of the people
have now become health consciousness
Smart rooms on each floor
8. Threats
Competitors providing comfort to the people with a
traditional outlook.
Competitors following Marriott on technology
implementation
Instability of government, hampering policy decision. The
unpredictable political scenario affects the business
environment and interests.
Constant increasing customers’ expectation
Retaining experienced and skilled workforce
9. IT Background
1980’s – (MARSHA)
Marriott Automated
reservation system for Hotel
Accommodation
1996’s –
www. marriott.com
1998’s – Now e-business strategy
IT application: sales, accounting and HR.
CRM Application – Siebel system
10. How Does MARSHA work ???
Create
reservation info.
Send
PC or Phone call
PMS
Reservation
info
Reservation
info
Add, change,
cancel a
reservation
MARSHA
Confirmation
number
Confirmation
number
Send back
Guest
info
Guest
info
Create
reservation info.
Reservation
info
Reservation
info
Add, change,
cancel a
reservation
11. • Elimination of the lag-time between clients original requests for
housing and their receipt of a Marriott confirmation.
• An increase in reservation accuracy
• An increase in clients’ or association members satisfaction
• A decrease in the time you spend managing reservation problems
15. XML service used by E-CRM
The Travel Web Hotel XML is an industry leading
web service and hotel affiliate program. It was
acquired by price line in 2003 and was originally
founded by brands which included Hilton, Hyatt,
IHG, Marriott, Starwood, Pegasus Systems, and
more.
Features include:
• Complete control over the look and feel of your web site, access to all
major chains.
• Intercontinental, LaQuinta, Marriott, Starwood and many more. 60,000
total properties, 25,000 merchant properties, 12,000 cities worldwide.
•Handles 30 properties per request with an excellent response time and
robust features
16.
17. • Emails about Special
Offers and Promotions
• eFolio - receive hotel
bills by email
18. Creation of New Market Channels
Increased Customer Satisfaction
Increased revenue
Increased Customer SLA Satisfaction
Enable Standardization
In 1999 Marriott earned
a revenue of $150 mn
from the online booking
through its website.
Estimates for 2000
indicated that every
month the website
received 3 mn hits making
it one of the largest
viewed websites in the US
hospitality industry.
By 2002 the website
earned Marriott sales of
$ 1 bn.
19. Strategy
The eCRM strategy emphasized on increasing revenues earned per
customer.
1.Serving Customers Proactively
Personalized Service Offerings-
Enhancing Brand Loyalty
Cross-Selling
20. Alternative to deal with the problem
With implementation of the discussed IT packages, Marriott
has already gained leading position for keeping customer
satisfied and enhancing revenues
competitors is yet to follow and is trailing much behind
With this achievement, there can’t be any alternative that
can bit this technology for ‘remembering customer’,
‘satisfying customer’ and ‘attainment of fatter sales’
21. Areas of Improvement
The Marriott provides all kinds of services except;
- Cleaning company for external cleanup
A transportation company to transport guests from hotel
to airport.
Agreement with tourism agencies, traning schools, wedding
organizer to gain more guests.
22. Recommendations
• Increase parking space
• Illuminate the road passing from in front of Marriott
• Valet parking should be made separate, as this is paid for
• Staff should be more friendly and should have a pleasant
attitude towards guests
• The entrance should be made attractive and more prominent
• There should be more activities on festivals
• Tropicalized eat-out should be added
23. Cont..
• Indoor recreational facilities like billiard, card room etc
should be introduced
• Increase shopping arcade
• Should try and cater to young people’s private parties
extensively
• Customer Reward scheme should be dealt with
sensitivity else results in dis-satisfaction
24. Learnings
from Marriott’s Core Values and Heritage
•Marriott Puts People First
"Take care of associates and they will take care of the
customers.“
•Marriott Pursues Excellence
“Our dedication to the customer shows in everything we do”
All learnings are hidden in the Mariott’s Core
values and Heritage
25. Learnings
From Marriott’s Core Values and Heritage
•Marriott Embraces Change
Innovation has always been part of the Marriott story
•Marriott Acts with Integrity
How we do business is as important as the business we do.
•Marriott Serves their World
Our “spirit to serve” makes our company stronger