Hotel industry is one of the major sectors in the leisure industry across the globe that accounts for a significant percentage of the global Gross Domestic Product and a huge portion of jobs across the globe. The global hotel industry has experienced tremendous growth and development in the recent past despite various economic challenges across the world. As this industry becomes more geographically diverse, its projected revenue by 2012 was $567.5 billion (Szulanski, Zee & Raver, 2009). One of the unique segments in the global hotel industry is the luxury hotel segment that is characterized by premium room rates, comprehensive luxury amenities, luxurious design aesthetics, and a high-end clientele. The luxury hotel segment comprises several players that are defined by brand position, business models, and number of rooms. The Mandarin Oriental Hotel Group and Marriot Hotels & Resorts are two examples of the key players in the luxury hotel segment.
The Mandarin Oriental Hotel Group v. Marriott Hotels and Resorts
The Mandarin Oriental Hotel Group and Marriot Hotels & Resorts are two leaders in the global luxury hotel segment that have achieved considerable competitive advantage over their rivals through brand position, suitable business models, and number of rooms (Szulanski, Zee & Raver, 2009). In addition to having brand portfolios that cover several customer segments, these key industry players have experienced tremendous growth since their inception despite being founded in different regions i.e. Asia and the United States. Actually, The Mandarin Oriental Hotel Group and Marriott Hotels and Resorts have established individual sets of luxury hotels in several countries across the world based on their respective flagship brands.
The Mandarin Oriental Hotel Group is a global hotel chain that opened its flagship brand in Hong Kong in 1963 under the name, The Mandarin (Susie, 2012). However, the company was established as a hotel management firm in 1974 following...
Furthermore, Lebanon enjoyed a considerable increase (+26%) on the already positive trend experienced in 2003, despite a politically rocky patch following the assassination of former prime minister Rafiq Hariri. Minister of tourism, Joseph Sarkis, described the new Beirut government's commitment to "enhancing the promotion of tourism in different sectors and encouraging investments in the country, in order to make Lebanon a first-class tourism destination in the Middle East" (quoted in
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Seasons Analyze the industry environment of Four Seasons Hotel Industry lifecycle: The state of the Four Seasons Hotels The lifecycle of an industry takes the form of four distinct stages: the introduction of the product or service, growth, maturity, and decline (Product life cycle, 2012, Tutor2U). The Four Seasons is one of the most venerable hotels in the marketplace today. It made significant gains in the 1990s when Regent International hotel sold
Not surprising to see concerts by Dave Matthews, Green Day, and other top groups since Live Nation recently purchased Ticket Master. A recent article in the LA Times reports that 48% of consumers are "eating out less often now than they did six months ago" (Hallock, 2009). John Self, a professor at Cal Poly Pomona in Los Angeles County, who has published a study of why restaurants fail, estimates that
executive lounges of luxury hotel in London Promotion of Executive Lounge Overview of the UK hotel industry Executive lounge market research and trends Advantages and disadvantages from the hotel perspective Tourism data SERVQUAL theory Methodology and previous research Research strategy and tools Sample selection Reliability and validity Executive lounges are sections set aside by hotels to cater for guest or customers who are would not mind paying more in order to receive a premium or preferential services (Nguyen, 2015). Just
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