Description
SWOT ANALYSIS OF RITZ CARLTON
Ritz Carlton
Parent Company
Marriott International
Category
Hotels and Resorts
Sector
Tourism & Hospitality
Tagline/ Slogan
Let Us Stay With You; It's Our Pleasure
Employees are empowered to use their creativity and company’s funds to devise new and better ways to improve their relations with the USP guests.
STP
Business Travelers, Corporates, Families from Upper-Upper Middle Segment Class Economic Background,
Target Group
Upper class urban business executives
Ritz Carlton Hotels is a luxury hotel group that looks at creating Positioning memories for the customers instead of just serving them well.
SWOT Analysis
1. Empowered employees, hence top notch service 2. Global presence - Over 70 hotels and resorts worldwide 3. Goodwill from Employees and customers 4. Rewards programs are increasing repeat sales 5. Parent company adds to brand value 6. Logo, tagline, communication to potential and existing customers has been very well received so far 7. Aspirational and High brand loyalty Strength 8. Over 33,000 employees working across 25 countries
1. The brand name comes with a perception of being expensive 2. Current economic status is bound to take a toll on spending power Weakness 3. Declining bottom line
Opportunity
1. Increase clientele through special packages and corporate tie-ups 2. Expansion of the global tourism market
3. Travelers looking for novel destinations
1. Increasing costs for operations indirectly affecting hotel rates 2.Decline in tourism industry due to natural disasters, terror activities etc Threats 3. Intense competition globally from renowned as well as local hotels
Competition
1.Four Seasons Hotels 2. Starwood Hotels and Resorts 3. Hyatt Competitors 4. Hilton
doc_965745859.docx
SWOT ANALYSIS OF RITZ CARLTON
Ritz Carlton
Parent Company
Marriott International
Category
Hotels and Resorts
Sector
Tourism & Hospitality
Tagline/ Slogan
Let Us Stay With You; It's Our Pleasure
Employees are empowered to use their creativity and company’s funds to devise new and better ways to improve their relations with the USP guests.
STP
Business Travelers, Corporates, Families from Upper-Upper Middle Segment Class Economic Background,
Target Group
Upper class urban business executives
Ritz Carlton Hotels is a luxury hotel group that looks at creating Positioning memories for the customers instead of just serving them well.
SWOT Analysis
1. Empowered employees, hence top notch service 2. Global presence - Over 70 hotels and resorts worldwide 3. Goodwill from Employees and customers 4. Rewards programs are increasing repeat sales 5. Parent company adds to brand value 6. Logo, tagline, communication to potential and existing customers has been very well received so far 7. Aspirational and High brand loyalty Strength 8. Over 33,000 employees working across 25 countries
1. The brand name comes with a perception of being expensive 2. Current economic status is bound to take a toll on spending power Weakness 3. Declining bottom line
Opportunity
1. Increase clientele through special packages and corporate tie-ups 2. Expansion of the global tourism market
3. Travelers looking for novel destinations
1. Increasing costs for operations indirectly affecting hotel rates 2.Decline in tourism industry due to natural disasters, terror activities etc Threats 3. Intense competition globally from renowned as well as local hotels
Competition
1.Four Seasons Hotels 2. Starwood Hotels and Resorts 3. Hyatt Competitors 4. Hilton
doc_965745859.docx