Marriott Big Idea We have learned a lot this semester about analyzing everything from a whole industry to the smallest detail of a company that hinders that company from becoming the industry leader. Marriott is one of the largest hotel companies in the world today and still has problems that could be sorted through and picked out that slow the firm from growing further. Marketing to the right traveler could drastically improve the amount of revenues brought into Marriott. In early 2013, there was a study done on the amount the U.S. travel industry impacts the United States. It states that 70% of travelers within the U.S. travel for leisure; whereas only 30% travel for business. Over $850 billion is directly spent within the travel industry. This includes all costs that are incorporated with traveling from food to transportation to lodging. The lodging industry comprises about 20% of this total amounting to $158.4 billion. Of the 515,000 rooms available through Marriott, and with an average occupancy rate of 71.6% within the U.S., this means that only 369,000 rooms are being utilized at an average given time. From our industry analysis, we gathered that 40% of hotel business comes from business travelers and about 60% from leisure. This shows that it is possible to penetrate the leisure traveler and marketing in the right ways could generate extensive amounts of revenue. Gaining and retaining leisure travelers through package deals, marketing efforts, and special vacationing discounts could increase total revenues by 4% just through the use of U.S. strategy. Marriott makes up about 8% of the total lodging revenues made by the travel industry. Although Marriott is an enormous company, its revenues are small in terms of what the industry makes. For the year ending 2012, Marriott made almost $12 billion in revenues. If Marriott could penetrate this gap between business and leisure travelers, it could generate large amounts of revenues.
According to the U.S. Travel Association, there were 1.6 billion leisure travelers in 2012. Using the comparative numbers from the total Marriott revenues compared to the travel industry, there are about 128 million people using Marriott
Marriott International Introduction This research focused on SWOT analysis, Porters 5 forces model and PEST analysis of Marriott . Marriot International is a leading company with more than 3,700 lodging properties in 73 countries and territories. [Marriott International] Marriott International manages many hotels brands. Marriott Hotels & Resorts are located more than five hundred hotels, two-thirds of them - in the U.S. This is a hotel with a full range of services: they are equipped fitness…
property owners (Renner, 2010). The primarily measure performance among comparable properties through RevPAR (Revenue per Available Room) by dividing total room sales by the total room nights available to guest for that specific period (Renner, 2010). Marriot strives to continue to cut costs and sustain focus on customer and employee satisfaction in order to retain business. This report will discuss areas where the firm is vulnerable to SEC action and assess the integrity and rigor of the firm’s corporate…
Marriott International envisions itself to be the world’s lodging leader. Its mission is to provide the best possible lodging services experience to customers who vary in backgrounds, language, tradition, religion and cultures all around the world. Marriot is committed to environmental preservation through using environment-friendly technology and engages in social responsibility and community engagement. We value our shareholder’s so we will only take steps that will ensure our growth. Most importantly…
Rutgers University Safety & Security Systems Chapter 4 “We’re in Hot Water Now” A Case Study Paper Submitted on “What factors contributed to Solomon Alvi’s Injuries” For the Partial Fulfillment of the Degree Requirements Of Hospitality Management By Erin Adasczik Erin Adasczik Bill Coulter Hospitality Facilities Management & Design October 11, 2010 “We’re in Hot Water Now” A Case Study Paper Submitted on “What factors contributed to Solomon Alvi’s Injuries” As president…
MARKETING STRATEGY AND EVAULATING THE CONTEMPORARY CHALLENGE IN MARKETING EFFECTIVNESS: A case study of Tikur Abay Transport Share Company By: Belay Getachew A senior essay submitted to St. Mary’s University College in partial fulfillment of the requirements for the degree of Management in Distance Education Division July 2009 Addis Ababa Chapter One Introduction 1. Back ground In present competitive world and business environment things would not move…