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Swot analysis of travelodge hotels
Swot analysis of travelodge hotels
Swot analysis of travelodge hotels
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Introduction WTS Travel & Tours is a company that originate from Singapore, the company was incorporated in the year of 1989 with the authorization from the Singapore Tourism Board that specializes in Global Tour Packages, Air ticketing, Worldwide hotel reservations, Coach chartering, MICE (Meetings, Incentives, Conferencing, Exhibitions) and Cruises . WTS Travel & Tours have since gained over more than a decade of knowledge in managing GIT (Group Incentive Tours) and Meetings, Conventions, Conferences, Exhibition Packages, Educational School Tours and Transfers, they have been proficient in customizing and designing excursion packages for Groups, Associations, Corporate, Schools, Residents, Committees and Community Clubs etc, as well as large-scale events such as World Trade Organization Convention. WTS Travel & Tours also have a very distinguished business connection with their business partners in the travel industry, especially in SEA (South East Asia), which enable them to get the most reasonably price for the services therefore savings the cost of their clients. SWOT Analysis Strengths • Low customer to employee ratio • Time management • Pricing Competitions • Wide range of service provided • Experienced in handling tours and hosting events Weaknesses • Limited pickup locations • Lacking of reputation compared to competitors • Self inflicted negative publicity • Low quality business supporting service • Poor marketing strategy Opportunities • Suppressed demand for travel after economic downturn • Social media • Underserved market • Intercontinental expansion of business • School holiday period Threats • Bad economy • Government regulations • Exchange rate • Terrorism • Existing competition Strengths Low customer ... ... middle of paper ... ...ed growth opportunities with a corporation having great market potential but feeble financial funds. For instance, in debt companies may look for firms that are reasonably debt free to increase the lever-aged firm's borrowing capacity. Strategic fit in operations could cause synergy by the mixture of working units to progress overall effectiveness. Combination of two units so that duplicated equipment or researches as well as progressions that are eliminated would lead to progressions of an overall effectiveness. Quantity discounts in the path of joint ordering would be another potential way to attain operating synergy. Another way to improve efficiency is to diversify into an area that can used by products from existing operations. Therefore it is concluded that Concentric diversification is the best recommended for the current situation for WTS Travels company.
Marriottt International, Inc. is an American diversified hospitality company with broad portfolio of hotels and related lodging facilities.It has more than 3900 properties in over 72 countries and territories around the world. Founded by J. Willard and Alice Marriottt and guided by Marriottt family leadership for more than 80 years, the company is headquartered in Bethesda, Maryland, USA, and reported revenues of nearly $13 billion in fiscal year 2013 (Marriottt.com)
Travelodge is basically numerous hotel chains operating around the world. The corporation has its branches in United States, Canada, United Kingdom, Spain, Australia, New Zealand, and Ireland. Travelodge has been termed as the first value hotel brand of Britain when started in UK. The first hotel was initiated at Barton under Needwood in the centre of England. From this point onwards, the company has been moving forward by achieving success rapidly in all of its operational areas.
Actively listening- ( 3:42) (4:26) There were a couple instances where Travis seems distracted in the call and misses key information the client provides, resulting in the client repeating himself. We should remain focused and engaged in our call to guide the client through the process and acknowledge all info stated by the client.
- Healthy life expectance at birth: Males: 63.5 years - Females: 65.7 years, this is an improvement
Synergy can be used to bring internal or external factors into harmony to produce the best
Virgin Airlines is part of the Virgin Group brand. Virgin airlines has multiple different branches such as Virgin Atlantic, Virgin Australia, and Virgin Soma. Virgin is known for being a luxury flight provider at an affordable price. Throughout the paper we will be discussing Virgin Airlines history, mission statement, compensation, security, and human resources.
There have been reports which suggest the number of travel agents has increased steadily for the past 40 years. (Source: Vocational Learning; See Resources Section below) This has also coincided with the steady increase of package holidays. Jet2, being a low cost operator, has close links to the main four travel agents which organise these tour packages; Thomson Holidays, Thomas Cook, First Choice and My Travel. This benefits Jet2 as people...
One in ten (10%) plans to increase their budget for vacations next year. In addition, adventure travel, such as hiking, kayaking, zip-lining or skiing, is one of the fastest growing forms of travel worldwide and particularly important with emerging outbound markets. “Customers want to do something different and have more unique experiences when they travel. They want up-close and personal experiences, whether that is through food, culture, activities, or all of the above,” said Lesley Egbert, owner of Live Longitude, LLC, an independent agency in the Avoya Travel Network, in Helena,
The other opportunity is the technological advances the company was upgrading their ships and more importantly were working on building new ones that will be ready to set sail in 2014. In addition, the technology has increased the cruise travel. Gives the technology to enhance the activities within the cruise.
Tourism has become much more prevalent in recent times, due in large part to the increasing human population of the earth and the increasing leisure time and dis...
For the introduction, brief information regarding my purchase and the travel and tourism industry is presented. It was then followed by the explanation of the 2 chosen theories from two different chapters.
Global business is widely growing and increasing day by day, it has indeed manufactured benefits to both world and individual economy of a country. It plays a vital role to make it sustain in the long term profitability and also helps to improve interconnection between countries. Tourism business is however inter-related with world business and economy as it contributes a large amount of money exchange and also cuts the boundary of cultural and social backgrounds in other words the world has become local to everyone through tourism and globalization. Tourism in other words is a business which has grown globally and has become popular by marketing its products and aquatics every where around the world.
The SWOT analysis is a useful tool for identifying our personal strengths, weaknesses, opportunities, and threats to our plans and goals. According to a “Fuel My Motivation” article (2010), this analysis considers internal influences that can positively or negatively affect our ability to achieve our goals. The internal factors are our strengths and weaknesses. Also considered are opportunities and threats, which are external influences that can have a positive or negative impact on the ability to achieve our goals. I will share how the self-assessment instruments and self-exercises in this course have contributed to assessing and understanding my strengths and weaknesses. I will also discuss techniques I will use to leverage my strengths and understand my weaknesses. In addition, I will consider opportunities that I can take advantage of and the threats that can possibly impede my progress.
According to Leiper “Transportation is the only link between the tourist-generating region and destination region”[2]So, transportation was a more interesting sector to discuss in the report but I tried to find a company which is related with all these main sub-sectors discussed above in the report. I have decided to look in the U.K market for such company because “Tourism is one of the largest industries in U.K, worth approximately 75.9 £ Billion to the U.K economy in 2002 and supporting around 2.1 million jobs.” [3] During my research on internet I found many companies offering services in the tourism of U.K but I have decided to choose “Simply Travel” because of its variety of services offering related with the accommodation, transportation and attractions.
Tourism is a competitive and an economical business which connects or networks a flock of people or an individual travelling away from their native home and cultures to the different countries or a place of interest for leisure, entertainment and various reasons in exchange of culture, education and adventurous touring. Mathieson and Wall (1982) defined tourism as "the temporary movement of a person to destination outside their place of