this ppt discusses the case study of Rosewood Hotels and resorts company. It marketing strategy and the change it should make in it for its betterment given its good quality.
2. It was established in 1979 by the Caroline Rose Hunt Trust estate.
It is headquartered in Dallas, Texas.
The first hotel it managed was The Mansion on Turtle Creek
(This hotel was an old mansion in Dallas rescued from demolition
by Mrs. Hunt).
INTRODUCTION:
3.
4. Rosewood has 12 hotels worldwide,
with a total capacity of 1,513 rooms.
The nightly rate ranged from
a low of $120 for Saudi Arabian properties
to $9,000 for Canadian Lodge.
5. A Sense Of Place
•Each hotel and resort featured architectural details, interiors,
and culinary concepts that reflected local character
and culture and defined this philosophy.
•It sought to build a global reputation with iconic luxury hotels.
6. STRENGTH
•Quality of service.
•Standing firm on
“A Sense of Place”.
WEAKNESS
•No proper efforts to make people
aware of the brand.
OPPORTUNITY
•Opting for Corporate
branding and continuing
the good quality will
influence good number of
customers.
THREATS
•Intense Competition.
•Hotel managers not supporting
corporate branding strategy.
SWOT ANALYSIS:
7. It has to compete with 2 groups of luxury Hotels
Corporate Branded:
•Ritz-Carlton
•Four Seasons
•St. Regis
•One&Only
9. The customers using service of the
brand were
least aware of the brand.
CUSTOMER SHOULD BE ABLE TO RECOGNIZE THE BRAND.
10. Due to individual brand strategy,
Rosewood was unable to reach customers.
Customers did not know that the hotels
they had a stay in were
actually properties Of Rosewood.
11. Customer Perception of the brand:
It means nothing to me. I had a stay in 2 of its properties but
I had no idea until much later that they were connected to rosewood.
I don’t know Rosewood.
I really don’t know the name Rosewood even after staying at the property.
I tried one or two hotels, then my travel agent started telling me
If a hotel was Rosewood or not.
12. Travel Agent Perception of the brand:
I book the hotel, not rosewood.
It means quality, luxury, service & value to customers.
But the brand is not nearly important as the properties.
The brand is not as strong as it was in past.
It is known just by individual properties.
50% customer know the brand Rosewood only because
I educate them about it.
13. Rosewood’s employees on it’s branding:
•A collection of individualistic properties,
It as a brand is a dilemma- don’t see great
opportunity, few business opportunities.
•It’s a secret club, known by some who go and the industry.
•Very low awareness, less than 5%. Those who know
are “Past” Rosewood guests.
14. Rosewood has a low Cross-selling rates.
Only 5% of Rosewood guests had stayed In
more than one of Rosewood’s Properties.
15. Approaches to increase Cross-Selling rates:
To boost Rosewood’s customer
multi-property visits was to set up
frequent-stay programs.
To create guest connection with
Rosewood properties was to adopt corporate
branding approach.
16. Rosewood operated a “Collection” of unique properties, each with it’s
own name or brand rather than following luxury.
Rosewood strongly believed in
“Individual Branding”
17. Problems in Individual branding strategy:
It’s logo appeared on low-profile amenities whereas high profile amenities
contained logo of the hotel.
Hotel phone greetings did not mention the Rosewood name.
Guests were not able to make the connection between Rosewood properties
and were increasingly identifying with other strong hotel brands.
It was becoming difficult to position Rosewood’s collection of properties in an
increasingly crowded field of luxury operators.
18. In order to bring to notice of customers what Rosewood brand is,
Corporate branding
method was considered.
19. ADVANTAGES OF CORPORATE BRANDING
Rosewood shall be visible along with luxury hotel names
while the person in on stay, thus Guests will become well
acquainted with services provided by the brands.
This shall increase Cross-selling.
Not knowing the services by the brand name, leads to
hindrance in it’s promotion by word of mouth,
even if the services are awesome.
20. Problems faced in Corporate Branding:
Hotel managers are more inclined to promote
just their own individual hotel brands ,
particularly if they have strong brands.
Some hotel managers may also feel threatened
in their autonomy to manage the properties
because brand standards leads to many other
branded programs.
21. Customer Lifetime Value
Increase in average number of visits per year
per guest from 1.2 to 1.3
Average guest retention rate will increase.
If quality services are provided to customers
it leads to positive brand equity.
22. SUMMARY
•Introduction
•Rosewood : A Sense Of Place.
•SWOT Analysis.
•Competitors.
•Least Brand Awareness.
•Brand Perception.
•Cross-selling Rates.
•Individual Branding and it’s problem
•Corporate Branding:
advantages and problems.
•Customer Lifetime Value.
23. CREATED BY MAMTA SAROJ, NIT SURAT, DURING A MARKETING INTERNSHIP UNDER
PROF. SAMEER MATHUR, IIM LUCKNOW.
