ANALYSIS OF HOSPITALITY SECTORCase Study - TajMahal Palace & Tower Mumbai
What is ‘SERVICE’?‘SERVICE’ is defined as any act or performance one party can offer to another that is essentially intangible and does not result in the ownership of anything. Its production may or may not be tied to a physical product.However manufacturers, distributors, retailers, etc., are providing value added services, or simply excellent customer service, to differentiate themselves.
Level Of Interaction In Hotels
Hospitality Industry in IndiaAll major hotel chains have properties across IndiaHospitality sector has shown a promising upswing of 21% over 2005-06 in revenue terms.The first half of 2008 had registered a 19.6% increase in revenue per available room (revPAR).
Hospitality Industry in IndiaBut post the terror attacks in November last year, occupancy ratio and room rates have taken a beating.Hospitality revenues are projected to grow over Rs 82,600 crore by 2010.An additional 70,000-80,000 rooms are slated to come online across categories countrywide.More than 40 international brands are trying to make inroads.
Major Indian Hotel Companies
Introduction Of TAJ HOTELS
Background & History(TATA Group)
‘STP Analysis’ Of Taj Hotels‘STP’ stands for Segmenting, Targeting, & Positioning.SEGMENTING – Placed among the top most in the high end luxury segment.Is a pioneer in this segment & continues to set higher standards and increase benchmarks.It caters to the affluent segment of consumers, who are a class apart.TARGETING – Targets company heads, CEOs, successful entrepreneurs, businessmen, men of power.
‘STP Analysis’ Of Taj HotelsBy serving royalty and Heads of State, Taj has been able to set a unique standard & thus targets those consumers who are rich but also achievers.POSITIONING – Positions itself as a high end luxury hotel chain, giving its consumers a taste of ‘ROYALTY’ in modern times.
TajMahal Palace & Tower Mumbai – Location & Rooms
Restaurants & Bars
Competition
7 Ps’ Approach
Developing Customer Interface Systems
Recommendations For Improving Service Quality
EXPANSION & DIVERSIFICATIONTAJ MOUNT ROAD  - CHENNAIVIVANTA – TAJ BANGALORE
PASHAN GARH - PANNA
BANJAR TOLA - KANHA
NADESAR PALACE - VARANASI
TAJ RESIDENCY - TRIVANDRUM
FALAKNUMA PALACE - HYDERABAD
THE PIERRE
TAJ PANJIM
TAJ LANDS END
SEAROCK HOTEL TAKEN OVER BY TAJ
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analysis of hostpitality sector- project on taj hotels