Ritz London
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Segmentation
Based on benefits.
Based on lifestyle
Targeting
HIG customers(full nest 1 ,full nest2 and empty nest)
Targeting is a group of people who have common need, and behavior.
Business class
Upper class
Tourist
Positioning
Special festive celebration(new year, Christmas) The afternoon tea(Plam Court)
Rich, royal, grandeur
Period- historic style of interiors.
Louis xiv
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STRENGTH
Business alliances
Lucrative location
High quality services
Innovative services
Reputation
Strong brand Equipment
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WEAKNESS
Not open to any offers provided by the
partner group
Formal dress code
Cancellation charge
Limited space
Not for all class of people
Lack of international operations
Lack of online presence
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OPPORTUNITIES
Entering new markets
Expand customer base (Geographically or
through new products
Gain online/e-commerce presence
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THREATS
Change in consumer lifestyles
Exchange rate changes affecting
imports/exports
New competitors entering the market
Market slow growth or decline
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POLITICAL
The govt is very pro-tourism.
The government is providing training grants
for hotels to help upgrade its workforce
The government is also lobbying for business
to increase tourist arrivals actively overseas
War On Terror is a negative impact on
hotel industry.
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ECONOMIC
Due to competition in the industry, many
players had to slash prices and had caused a
mini price war It cannot generate profits during economic
slow down.
Service sector makes up to 73% to country's
gdp
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SOCIO CULTURAL
ritz rely heavily on the local market for
their banquet and food and beverage
revenue to our advantage as we areconsidered a prime location to dine and to
hold events
Weddings are a huge part of our revenue.
Changes in social trends can impact on thedemand for a firm's services and the
availability and willingness of individuals to
work.
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TECHNOLOGICAL
Direct dial telephone with voice mail
Facismille in every roomComplementry machines available on
request
Wireless internet access in banquetting
and meeting rooms.Managing consumption of resources such
as water and electricity. For eg: recylinwater.
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Remote control colour flat screen tv
Satellite tv channels
Cd and dvd players
Dual voltage eletrical socket
Laptop printers and scaners available on
need
Transformer and adaptors
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ENVIRONMENTAL FACTOR
The growing desire has an impact
on many industries such as thetravel and transportation industries(forexample, more taxes being placed
on air travel and the success ofhybridcars)
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Another environmental factor could be an
earthquake or any other natural factor which
directly affects the occupancy of the hotel and
the sales.
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LEGAL FACTOR
It Includes the health and safety laws(swine
flu)
Rooms for disabled and age discriminationpeople.
This room is generally located on the first
floor near the lift entrance and is always
taken care of in a special way.
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Lack of availability of suits
Limited use of vouchers on special occasion.
Stringent norms -Dress code
Stiff competition on same locality.
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Provision of only vouchers which are not
applicable during the festive occasions.
Few suggestions.