Impact of Competition and Regulation on Market Performance of Hospitality Companies - A Study on Marriott UK
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Added on 2023/04/22
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This presentation explores the impact of competition and regulation on the market performance of hospitality companies, specifically focusing on Marriott UK. It aims to assess the effect of competition on sales, the influence of regulation on profitability, and recommends ways for Marriott to enhance its market performance.
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Research project TASK 4 “To assess impact of competition and regulation on market performance of hospitality companies”- A study on Marriott UK.
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INTRODUCTION Aim “To assess the impact of competition and regulation on market performance of hospitality companies”- A study on Marriott UK. Objectives: To assess the impact of competition on sales of Marriott UK. To identify the effect of regulation on the profitability of organization. To recommended ways through which Marriott can enhance its market performance.
RESEARCH QUESTIONS Determine the impact of competition on sales of Marriott UK? Identify the effect of regulation on the profitability of organization? WhatarethewaysthroughwhichMarriottcanenhanceitsmarket performance?
RESEARCH METHODOLOGY Data collection: Primary data collection: Questionnaire Interview Secondary data collection: Researches Journals Books Online website
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Contd... Research philosophy: Interpretivism Research approach: Inductive Sampling: Purposive (5 ) managers Research design: Descriptive Data collection: Primary and secondary Data analysis: Qualitative thematic
DATA ANALYSIS Thematic Analysis
Theme 1:Hospitality industry is facing intense competition The level of competition among businesses in hospitality industry is very intense Strongly agree Agree Neutral Disagree Strongly disagree
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Theme 2:High level of competition is affecting sales of Marriott in negative aspects YesNO 0 10 20 30 40 50 60 70 80 90 High level of competition affects sales of Marriott in negative aspects
Theme 3:Marriott is required to follow all laws and regulations in order to operate smoothly Marriott is required to follow all laws and regulations in order to operate smoothly Strongly agree Agree Neutral Disagree Strongly disagree
Theme 4:There are various ways thorough which Marriott can improve its market performance How Marriott can improve its market performance Introducing unique products and services Gaining high degree of customer satisfaction Following all laws and regulations All of the above
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Theme 5: Alternation in tax and regulations affects profitability of Marriott Does alteration in tax and regulations adversely affect your profitability Yes No
Theme 6: There are various regulations which Marriott is required to follow What are the key regulations which Marriott needs to follow (Fire) (Safety) Regulations 1988, Gas Safety (Installation and Use) Regulations 1994 Health and Safety at Work Act 1974 Employment Act other than this All of the above
Theme 7: various strategies are adopted by Marriott to deal with competition Service differentiationcustomer surveycompetitor analysisAll of the above 0 10 20 30 40 50 60 70 80 90 What are the strategies which you have adopted to deal with competition
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RECOMMENDATIONS On the basis of findings of this research, recommendation provided to Marriott are mentioned below as: It can be recommended that the organization should adhere to all laws and regulations in the best possible manner. This will not only help in smooth functioning but will also support in enhancing its brand image. It can be recommended that Marriott should adopt the strategy of service differentiation in order to overcome the threat of high competition. By providinginnovativeandcreativeservices,itwillbeabletoattract customersirrespectiveofwhatdegreeofcompetitionisprevailingin market. Further, it will also result in increasing sales, profits and market share of the brand. It can be also recommended that the brand should always seek for ways through which it can reduce its cost of operations. This will support in increasing the profit margins.
Further areas of research The present research was based on impact of competition and regulation on market performance of hospitality companies. Same kind of research can be conductedonothersectorssuchasairlines,retailetc. Alongwiththis research can be carried out on topics such as relationship between degree of competition and performance of an organization or affect of government regulations on operations of business.