Wait a second!
More handpicked essays just for you.
More handpicked essays just for you.
Global competiveness in the hospitality industry
Don’t take our word for it - see why 10 million students trust us with their essay needs.
Recommended: Global competiveness in the hospitality industry
- An ability to process a large database of users’ and customers’ reviews, opinions, and valuable information profitably. Competitors cannot gain such a large database because the company uses both its website and social networking website, Facebook, to gather information about users, customers and also their friends’ preferences. This benefits the company financially: by offering people places according to their preferences, the organization enlarges the number of bookings which brings greater revenue. This helped TripAdvisor gain a strong competitive advantage in the past and is helping to keep a sustainable competitive position in the market at present. - An ability to manage a number of partnerships. TripAdvisor successfully maintains relationships with a lot of well-known brands which allows the company to provide people with more attractive offers followed by increased booking number and revenue. TripAdvisor’s partnerships have a solid ground due to their duration and mutual benefit which makes it difficult for competitors to replicate. …show more content…
Critical success factors of TripAdvisor should be improved in order to stay competitive: the company has to pay attention to research and development because it plays a significant part in the technologies of online agencies; without R&D, the company will outdate soon. Also, it is required for the company to offer unique added-value services because this will increase user and customer care performance; and this factor is closely related to customer satisfaction
The corporation can use its name as its strong base to attract the attention of new customers as well as to make certain that it is holding on to the old ones. Furthermore, economy of scale plays a significant role in this industry. Travelodge has a higher profitability aspect than the single operations (Wilkinson, 2013). If a new competition enters the market, they will find it difficult to compete with Travelodge as setting a proper quality and price regarding the economies of scale takes time. For Travelodge management, the capital intensive industry is tied with the fixed costs which make the entry of any entrant extremely
I remember the change from using pen for essay papers in old times to computer-typing essay now in today makes a difference. Even for the business in today’s world, it is important. What I learned from TIM 302, Information Systems Technology, Professor Lawler had been talked about technological innovation had a great impact to travel agency, hotels, and restaurants. A lot of travel agency was shut down because lesser and lesser people would need someone to plan for their trip, buying flight tickets, or make hotel reservations because the internet makes this world simpler for the new generation, but the Baby Boomer and the Generation X, as what I talked about a generation will end, the business should keep in updated in order to survive in this industry. What I saw in the Air & Sea Travel Center, they do have the use of telephone for communication, they have shared various tour information, they have printer and fax. Although, the business website has various updated tour information, but online user is not able to book the tour through the website that they need to meet the Tour consultant in person in order to purchase the tour package. As social media becoming a tool to attracting new customer, Air & Sea Travel Center should improve social relationship with online users. When I look at the reviews on yelp.com, there are couple 1 or 2-star review about the business, I saw most of other organization would
For example, a website for a local, single location pizza restaurant will find location very important to their search. Visitors from Nigeria will not be of much use for the pizza restaurant. They will use their geography to target the local audience. These companies in particular can link social media through their website to enhance their results. Since they are local, customers are more likely to be engaged through social media in order to drive results. Evaluating social media engagement can be critical, in order to determine whether customers are discussing a particular promotion or
Technology has created a major impact on the way in which all organizations market their products and services. With the development of the internet, companies are now able to economically market themselves on a global level. Even smaller companies that were once not able to capture international business due to the cost factor can now do just that. The Washington Plaza Hotel is no exception. The hotel industry in DC relies heavily on tourism as a major part of its client base. Many of these tourists who visit the city are of foreign nationality. It is important that the Washington Plaza Hotel targets these people when marketing the company. Not only do they target the tourist but they also target the international business travelers that come to the city on business related trips. The hotel's website, which gives detailed information about the hotel's accommodations and services, can be accessed by potential customers all over the world. In addition, the Washington Plaza Hotel has teamed up with such web-based travel services like Orbitz, Expedia, Travelocity, Etc. in order to capture more of the global market. Before the existence of the internet, the global market was not easily reachable. Technology has the greatest affect on marketing for many organizations and certainly for the Washington Plaza Hotel as well as the hospitality industry itself.
Internet Marketing News and Know-How. Hotel Marketing. 18 Feb. 2011. Web. 19 Apr. 2011. .
To further understand how and why the fluctuation of exchange rate will affect travel agency, in this section, the report will apply those three economic principles mentioned above to the issue.
The present day travel and tour operator industry in India is highly fragmented and comprises a number of unorganized and small operators. Keeping recent trends in mind, it would be a grave error to ignore the significance of the Online Travel Agencies (hereinafter abbreviated as OTAs) on the industry dynamics. The OTAs have been a game changer and even the traditional travel and tour operators as on date have developed online portals. Thus we will study the industry rivalry first by analysing the rivalry among the OTAs, then the rivalry among the traditional travel and tour operators and finally, we will analyse the rivalry across the two types of operators
For the Auto repair industry to be attractive the sector of focus would have to fall in between the specialized vehicle repair. Furthermore I don’t believe the Travel Agency industry will be a better alternative due to the seasonality and advancement of technology from the Internet and information that will sway travelers from using agencies. This case gave insight of the challenges the travel agencies faced in the 1990’s; whether to continue traditional style, or whether to merger to cut cost, and how to implement the website into your business.
In the past, the tourists were usually more influenced by the comments and opinions of friends and relatives; however, social media is taking place nowadays. The impact of social media tools for travelers and hoteliers has been paid highly attention since the presence of TripAdvisor. Because of the development of technology, social media has been widely adopted by travelers to search, plan, organize and share their travel stories and experiences by using the tools like Twitter, Facebook, TripAdvisor, YouTube and some other social network sites.
“Technology is constantly developing. The hospitality industry is affected by these technological changes. As new technologies are made available, companies within the industry are forced to adapt to the changes or get left behind.” (Lewis, 2016) Due to technology, the medium in which the Accor Hotel Chains advertise to have expanded. Advertising through social media such as the main website allows customers to view the whole range of hotels offered and room prices offered in the respective hotels. As social media expands and the variety of choices between hotels increases, hotels and chains such as the Accor Hotel Chains have to work with websites, such as agoda, to increase the number of customers coming to the hotel. However, this has a negative impact on the Accor Hotel Chains because they have to pay these websites, in which they partner up with, to increase sales in the rooms
There are factors which are affecting the consumer behavior in Tourism are Safety and mature consumers, Web, Pricing and tourism studies. The web is considered one of the important factors, which have been argued by the authors about its importance in terms of its influencing acknowledgment.
Tourism is affected by the stakeholders with whom the destinations are established or the areas that are attempting to attract tourists. The customer stakeholder needs to seek out destinations and packages that appeal to their desires than accepting predetermined vacation packages. The stakeholder’s in the tourism industry need to work together to avoid miscommunication and enhance packages that appeal to clients requests. All the
Since social media users grow larger and larger, many companies take the opportunities of using social media marketing to reach more customers. Companies use social media marketing in order to achieve marketing communication and branding goals. Social media allows companies to see what prospects are saying about their brands and competitors. It also allows companies to build deeper relationships with existing customers that drives them to purchase again and again. Not only it can help them generate new leads, but it allows them to build deeper relationships with existing clients that drives them to purchase again and again. It has become common for businesses to branch out and experiment with multiple networks with the aim of reaching the maximum amount of costumers.
Tourism and Hospitality has developed rapidly and becoming extremely important to economy in the world. The income that several countries in the world receive from tourism industry can be reached to $1billion per year. In addition, Marketing is one of the most important factors that help and effect to tourism industry in many positive ways. Marketing evolved in the tourism industry since 1980. It promotes tourism industry by encouraging the tourists to travel at their destination with the strategy that made up to the tourist satisfaction. However, a marketing strategy does not have to be complex, in fact it should be a easily understood which ensure the advantage of marketing of the products and services to the tourist business to obtain positive
To promote destinations and build their unique touristic image, DMOs have started using social media as a destination marketing tool. It helps them have a better understanding of how tourists from around the world perceive this touristic destination and build marketing strategies on that basis (Neuhofer et al., 2012 as cited by Kavoura and Stavrianea, 2015) . Social media also help DMOs interact with the tourists and build and maintain online relationships with them which would attract them more to the destination and ensure their loyalty on the long term (Page, Buhalis and Hays,