Emerging Business Opportunities and Challenges Faced by Burj Al Arab
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This study highlights the emerging business opportunities and challenges faced by Burj Al Arab, a renowned hotel in Dubai. It discusses the company's uniqueness, competition, sustainability initiatives, customer relationship, promotional initiatives, pricing strategy, and expansion plans.
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Running head:MANAGEMENT MANAGEMENT Name of the student Name of the university Author note
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1MANAGEMENT Summary In this study, the emerging business opportunities as well as challenges faced by Burj Al Arab have been highlighted. Burj Al Arab is renowned Hotel located in Dubai, which has gained the market [popularity with its luxurious services. From the year 1999, the company is maintainingitsuniquenessinhospitalityindustrywithitsuniquedesign,thesailshape silhouette. In the 280 m of artificial island, theBurj Al Arab hotel is connected with the main land throughprivet curving bridge (Jumeirah.com 2019).Burj Al Arab is being considered as the fifteenth largest hotel in the globe. In th4e emerging hospitality industry, demands of the customerstowardsluxuryserviceshavebeenincreased,whichhasdriventhecompany popularity in the hospitality industry. Introducing the luxurious suites, bars and restaurant sections, indoor and outdoor pools, fitness club and many other services, the Burj Al Arab has ensured its fastest development in the Dubai hospitality sector. In the competitor analysis, it has beenidentifiedthatOne&OnlyRoyalMiragehascreatedtoughcompetitionforthe organization in hospitality sector. In order to gain the competitive advantage in the market One & Only Royal Mirage has focused on reducing its pollution, which has created tough situation for the company. Different sustainability initiatives through CSR, local employment, supporting local entrepreneur and exceeding customer expectations are the important initiatives adopted byBurj Al Arab to gain the competitive advantages in the company. On the other hand, the organization also aims to develop strong relationship with the customers by developing strong relationship with them by giving values to their emotional and cultural needs. Through the continuous quality improvement initiatives, Burj Al Arab has focused on satisfying the individuals’ needs so that the sustainable position in the competitive business environment can be ensured. In order to
2MANAGEMENT promote its self-image in the hospitality industry, the Burj Al Arab hotel has adopted different promotional initiatives through the internet. Analyzing the pricing strategy adopted by the company, it has been identified that adopting the premium pricing strategy the company has targeted the upper class customers. In the study, it has been suggested that in order to expand its business, the company has focused on opening its new branch in Dubai. In order to expand its target market, not only the premium customers, but also others community classes have been targeted by the company. It is true thatJumeirahIsland and Dubai mall are popular for availability of tourists in these areas, in that case, offering different Kids activities in the resorts, theBurj Al Arab hotel can be able to target different age group of people, which will not only expand its customer bases, but also it can drive positive growth in the organization. Ensuring the standard customer services, the feedbacks from the customers are being observed and based on the requirements the further improvements are being introduced by the company.
3MANAGEMENT Reference list and Bibliography Brien, A., Anthonisz, A. and Suhartanto, D., 2018. Human capital in the Dubai hotel industry: A study of four-and five-star hotels and the HR challenges they face.Journal of Human Resources in Hospitality & Tourism, pp.1-19. Jumeirah.com2019.Retrievedfrom:https://www.jumeirah.com/en/jumeirah-group/press- centre/press-kits/burj-al-arab-jumeirah---dubai/[Accessed on 4thApril, 2019] Nadkarni, S. and Heyes, A., 2016. Luxury consumption in tourism: The case of Dubai.Research in Hospitality Management,6(2), pp.213-218. Zaidan,E.A.,2016.Tourismshoppingandnewurbanentertainment:Acasestudyof Dubai.Journal of Vacation Marketing,22(1), pp.29-41.