Competitive Advantage in Hospitality and Fast Food Industry
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Added on Β 2023/06/15
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This presentation discusses the competitive advantage of Marriott and Accor Group of Hotels in the hospitality industry and McDonalds and Five Guys Burgers in the fast food industry. It covers their target customers and modes of entry into international markets.
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Competitive Advantage Hospitality industry and Fast food industry
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Introduction ο΅Every time a brand is renowned across the globe in different parts of the world, the brand becomes a global brand. ο΅The group of people whose needs the company wishes to fulfill is the target market of the particular company. ο΅Every time a brand wishes to enter international borders, there are various ways through which they cater to international customers.
Marriott group of hotels ο΅Global brand with worldwide presence ο΅Leading name in the hospitality industry ο΅Operates with 30 brand names under the Marriott umbrella ο΅Over 6000 properties in 110 countries
Accor Group of Hotels Global Brand RegionNumber of HotelsNumber of RoomsNumber of countries South America287454909 Europe285332126831 Middle East1043166012 Africa951403417 Asia Pacific77815718421
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McDonalds ο΅Target Customers β Office goers, families, school and college students. ο΅Children targeted through happy meals and gaming zones in some outlets ο΅Modes of entry β Franchises and wholly owned stores.
Five Guys Burgers ο΅Target Customers β Mostly Youth (25-40 year olds). Colleagues and client meetings can be conducted. ο΅Families with children are targeted. Considered to be a casual hang out place for youth. ο΅Modes of entry β Franchises and wholly owned stores.
Conclusion ο΅Two industries covered β Hospitality and fast food ο΅Four Brands β Marriott and Accor Group of hotels, McDonalds and Five Guys Burgers ο΅World wide presence of Marriot and Accor group of hotels ο΅Target customers of McDonalds and Five Guys Burgers. ο΅International entry modes of McDonalds and Five Guys Burgers β Franchises and wholly owned subsidies
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