Ritz Carlton: Truth behind Competitive Advantage/What makes Ritz Carlton the Prime Choice among Customers
By maintaining its own standards, Ritz-Carlton is recognized as one of the leading brands when it comes to luxury lodging. The company focuses on three main fundamentals to beat competition. Firstly, the location ensures the customers would want to stay in our luxurious hotel. Secondly, the product- creating the most appropriate physical products bearing in mind what our clients need now and what they will need in the nearest future, this requires an investment that ranges from $500,000 to $1,000,000 for each room. This is the platform. Thirdly, the people- our personnel, the ladies and gentlemen in charge of service deliveries to our clients. They bring the platform to life. It satisfies the guests. A new position was created by Ritz management, a pull from the systems department of the hotel management information, known as the concierge. The guests get any technical support they require for the running their computer and technology-based businesses with services that run from Mondays through Fridays. Overall, the customer service has greatly improved. The moral of the works at Ritz Carlton has also improved (Koutroumanis, 2011).
Employees at Ritz Carlton are allowed to engage in creative measures to make customers feel special on their wedding days or birthdays. They can spend as much as $2, 000 on guests without waiting for managerial approval. The culture which permits the investment of time and money to enhance customers feeling of satisfaction helps increase customer's loyalty and patronage. Employees do not spend companies' money on more expensive hotel room decor or faster room services; they only find more creative ways to foster their relationship with the guests. This is one dominant factor that has sustained the success at Ritz Carlton. If managerial approvals were to be obtained before an employee could spend company's money on guests, most creative ideas and innovation created to please the guests would have died as ideas. Other competitors can easily match Ritz Carlton's luxurious rooms and very fast room services, but when it comes to employee behaviors, Ritz Carlton remains unbeaten (Seidman, 2011).
Ritz Carlton workers, referred to as 'ladies and gentlemen' are known to write up their special moments and share them with their managers. These…
In support of this overarching aim, the following objectives were also be used. Objectives: The proposed study has three objectives as follows: 1.2.1 To deliver a comprehensive and critical review of the relevant literature concerning the relevant issues. 1.2.2. To administer a custom survey to various luxury hotel managers concerning their current branding strategies to identify commonalities and significant differences. 1.2.3. To provide a synthesis of the secondary and primary research that can be used as a
Branding in Tourism The travel, tourism and hospitality industry is a constant challenge for the field of marketing. Because the competition is so strong throughout, it is hard for a company to build a base and maintain its market share. With so many leisure time choices available, customers are free to use their leisure dollars on many pursuits. This makes the market very difficult for those involved. An added difficulty is