This study provides a summary and analysis of the operational aspects of Rydges Hotel in Australia. It focuses on location, services, and strategies for sustainable growth.
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RYDGES HOTEL SUMMARY Name of the Student Name of University Author Note
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Table of Contents Summary..........................................................................................................................................2 Overview......................................................................................................................................2 Background..................................................................................................................................2 Issues like location and etc..........................................................................................................3 Method.........................................................................................................................................3 Proposed Strategies......................................................................................................................4 Project timeline............................................................................................................................5 Outcome.......................................................................................................................................6 Reference.....................................................................................................................................7 Appendix..........................................................................................................................................9 Competitive analysis....................................................................................................................9 Market position..........................................................................................................................11 Customer suggestion..................................................................................................................11 Business Model..........................................................................................................................12 Balance scorecard/ Matrix/ KPI customer, employee, finance..................................................15
Summary Overview The study is a summary of Ridges hotel focused towards analyzing separately the various aspects that are connected with the functions of the company. The operational aspects of hotels depend on a wide number of factors. These factors are essentially evaluated through the summary. The case of the hotel is studied. The operational aspects of the Rydges hotel in Australia are analyzed to understand the overall operations of the organization (Rydges Hotels & Resorts, 2019). The government of Australia is focused on continuously improving the standards of tourism in the country. The hotel sector is hence one of the prime sectors that is being projected to earn most of the revenue that is generated by the industry. Background The organization selected for the study is the Rydges hotel in Sydney (Rydges Hotels & Resorts, 2019). The hotels is currently one of the best hotels operating in Sydney. The focus in regards to the operational aspects of the hotel is quality. As of now Ridges Hotel has branches across various locations in Australia and New Zealand. The service quality of the hotel is efficient in terms of timeliness, environment and scope. The hotel currently accommodates around 1 million guests year round. The company is a subsidiary of the ASX. Apart from providingaccommodationservices,thecompanyalsoprovideseventmanagementand entertainment services. Hence, it becomes important that essential quality is maintained even with regards to these services that are offered. The company has wide reaching global functions and the quality offered also depend on the demands of the specific market of operations. Apart from Australia and New Zealand, the company is also present in England.
Issues like location and etc The location of the hotel is primarily in Sydney, Australia. However, other important branches are located at other places in Australia and New Zealand. The company also has significant presence in England. Some of the more important services that are offered by the hotel are Rydges hotels and resorts, Rydges Residencies, Bell City, Le Student and many other similar facilities. Some of the most important locations are Sydney, Melbourne, Perth, Brisbane, Adelaide, Auckland and Wellington (Rydges Hotels & Resorts, 2019). The locations are essential for the hotel as they are mostly located at the heart of all the above mentioned cities. It is important to note that like all hotels location is also a significant part of the strategy of the Rydges. The Australian hotels are mostly located in citie, focused towards attracting the tourists that mostly visit the urban locations of the country. In New Zealand apart from the main urban conglomerations, the hotels are also located in many places of scenic natural beauty in the more rural zones of the country. Method The methods that are utilized to understand the feasibility of the project are based on qualitative data. Exploratory research has been used in order to understand the entire market and business standards that are utilized by the organization. Exploratory research is used as it can help to provide a framework through which the holistic understanding of the business operations of the Rydges hotel can be derived. Exploratory research designs help to evaluate problems that are not clearly defined. In this case such a problem is in regards to the effective operations of the Rydges organization (Krippendorff, 2018). The qualitative research helps to understand the
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essential literatures that have provided valuable insights in to organizational management and strategies. Proposed Strategies Various strategies can be implemented by the Ridges group in order to ensure the sustained effective performance of the organization. The strategies should be focused towards achieving essential outcomes concerning the sustainable growth and developmental prospects of the organization. Firstly, an important strategy that the organization can use is effective product promotion. New customer bases need to be identified for the organization. A large customer base is being created in the travel and tourism sector due to the emergence of the business classes. People are visiting Australia due to the better business propositions that the country is offering. The emergence of this sector has also boosted travel and tourism across the country. The focus of the Rydges group should be towards utilizing the tremendous market potential of this class. Better marketing will ensure improved performance potential of the organization. Secondly, an important strategy to improve the performance of the organization would be creating awareness (Pereira-Moliner et al., 2016). The Rydges hotels provide many essential services apart from accommodation. Hence, the services such as entertainment and event management should be provided greater emphasis. These are the services that are required more often by the customers across the cities where the organization operates. However, these are not the only factors for which awareness needs to be created. The organization should project all its essential functions in order to create greater awareness about its products. The company should also engage in more CSR oriented activities to increase its public relations. Quality of service is also a significant aspect that needs to be improved and promoted subsequently. Thirdly, an important strategy that can be taken is service enhancement (Ferguson, 2016). Accommodation industry businesses rely
much on the services that they provide to improve their productive functions. It is important that the organization pays greater emphasis on the improvement of services.As mentioned in the previous assignments. Service quality enhancement would also require the usage of better technology.Forthistheorganizationwouldhavetorelyonthecustomermanagement technologies that are currently in use across organizations. The three strategies can improve the various performance related aspects of the organization (Cetin, Demirciftci & Bilgihan, 2016). The Rydge group have to consider all the factors that affect is business. Project timeline ActivityMonth 1Month 2Month 3Month 4Month 5Month 6Month 7 Primary Planning Market Research Acquiring resources Creating Framework Primary implementati on
Final implementati on The entire project and implementation plan would take an estimated 7 months to be completed. All the essential factors would be considered for the effective implementation of the plan. Outcome The essential outcomes that are intended to be brought forward through the project depends on the effective and efficient implementation of the planned activities. The most anticipated outcomes are better generation of revenue, increasing customer base, implementation of sustainable development plan and formation of an effective future growth path for the organization.
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Reference About Quest Apartment Hotels | Serviced Apartments | Quest Apartment Hotels. (2019). Retrieved from https://www.questapartments.com.au/about-quest Cetin, G., Demirciftci, T., & Bilgihan, A. (2016). Meeting revenue management challenges: Knowledge, skills and abilities.International Journal of Hospitality Management,57, 132-142. Ferguson, D. L. (2016). Customer relationship enhancements from corporate social responsibility activities within the hospitality sector: Empirical research from Vietnam.Corporate Reputation Review,19(3), 244-262. Huang Yin, C., Goh, E., & Law, R. (2019). Developing inter-organizational relationships with online travel agencies (OTAs) and the hotel industry.Journal of Travel & Tourism Marketing,36(4), 428-442 Kimes, S. E., & Wirtz, J. (2015). Revenue management: Advanced strategies and tools to enhance firm profitability.Foundations and Trends® in Marketing,8(1), 1-68. Krippendorff,K.(2018).Contentanalysis:Anintroductiontoitsmethodology.Sage publications. Pereira-Moliner, J., Pertusa-Ortega, E. M., TarÃ, J. J., López-Gamero, M. D., & Molina-AzorÃn, J. F. (2016). Organizational design, quality management and competitive advantage in hotels.International Journal of Contemporary Hospitality Management,28(4), 762-784. Rydges Hotels & Resorts | Australian Owned and Operated Hotels. (2019). Retrieved from https://www.rydges.com/
Appendix Competitive analysis HotelFoundedUSPBranchesCustomer Segment Expansion planning Quest1999Provides apartment hotels to attract a wide range of customers. The hotelare availableat manyplaces andprovides highend servicesat reasonable costs. Quest is a hotel that is mostly focused onproviding essential accommodation 160 propertiesin countriesof Australia, Fiji andNew Zealand. The company mostly focuseson millennial customers, business customers and travelers. The customer segmentcan furtherbe dividedinto higher income andmedium income groups. It is engaged intheRoad Project that is focused towards providing more technologicall yefficient hotel rooms to the customers. Moreover, the hotelis planningto openservices at newer areas across Australia,
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servicesto travelers, millennials and business customers. The company provides rooms that come with essential facilitiesthat canhelpthe business customers. More, the hotel overvarious addedservices to its customers likerecreation facilities.They market themselvesas apartment hotelsand NewZealand and England.
focuseson specializingin the same. They alsofocuson providinga homelyplace thatfeelslike anapartment ownedbythe customers ratherthana hotel.Hence, theUSPisa nicehomely placealong withevery othernormal hotel facilities. Best Western1946Provides almost five star accommodation servicesat relatively lower 205 properties across Australiaand Thehotel normallyis focused towards attracting Thehotel wantsto expand further in the eco-tourism
prices.The locations of the hotels are very attractive.The hotelfocuses onproviding the lowest rate accommodation services.The hotelalso provides excitingoffers tothe customersto make them visit continuously. New Zealandbusinessand family customers. However,the hotelnow focuses on all customer segments with specialfocus ontravelers andbusiness customers. The customer segmentcan bedivided intohigher income, middle incomeand lower income groups. industry.The companyis expandingits businessin Australasia and Oceania. Metro hotels1976It is a hotel that offersworld 8hotelsin citieslike Thehotelis mostly Thehotelis expanding
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classdining andbar facilities to the customers. The hotel is known to be one of the top in customer serviceand provide importantbar cumrestaurant services.The hotelalso focuseson providinglow cost services to thecustomers. Theessential focusison providing servicesthat canbothbe added on to the Sydney, Perth, Ipswich, etc. focused towards attractingthe young customers and the millennial. The organization isfocused towards specially attractingthe bar-going public.The hotel is youth centeredwith fascinating bars, restaurants andlounges. Thehotel caters to high income, beyondthe limited numberof cities.There aretalksof opening newerhotels in the vicinity ofSydney. Thehotelis expanding significantly. It is one of the fastest growing hotelsinthe countrywith larger expansion plansinthe near future.
High Quality Low Quality Low priceHigh Price Rydges HotelQuest MetroBest Western accommodation servicesorbe availed independently. middle incomeand lowincome customer groups. Market position Customer suggestion
The customer suggestion for the organization is mainly in regard to the young business classes that frequently visit places like Australia and New Zealand. Moreover, suggestions can be made in regard to focus on customers that are coming from the Asian countries. It is important to remember that the Rydge offers a large number of essential services to the customers. In view of the same the company should try to focus on different customer segmentations of their businesses. It is important to remember that the large number of customers that are served by the organization need to be kept intact before actually focusing on expansion. It is important that the newer customer base of the organization is the younger, more enthusiastic travel oriented people. The customers should be given a specific feedback channel to express their views on the services of the company. In future it can help to further identify newer customer bases. In the country there is a new trend of eco-tourism. Australia, New Zealand and the Australasian region is filled with natural beauty. A large part of the natural beauty remains unexplored. Hence there is a huge scope for the growth of eco-tourism in the country. Hence, this is a customer base the hotel should look towards utilizing. The best thing for the hotel will be to harness the massive potential of the eco-tourists. It becomes much important that the organizations also promotes eco-tourism to attract further customers. Eco-tourism has tremendous future growth potential all across the globe. Business Model Key PartnersKey activitiesValue propositionCustomer relationship Custome r segments
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Thekey partners of the companyare OT,Atura, Threadboand Event.The companyhas essential partnerships withhotel booking websitesand accomodation comparison websites Accommodation services,event services, entertainment services,fooding andlodging,etc. Managinghuman resources,cooking andhospitality services Thecompanycan providewholesome valuetothe customers.Their needssuchas accomodation, fooding,lodging, sightseeeing, meeting and all other essential servicerequirements can be met. Customer relationships are verymuch important.The businesswould needtousea veryeffecitve reception system. Customer service executive should bereadily availablefor customer interactions. Highend customers : normally business customers and internatio nal travelles, both business and leisure. Family Customer s- Customer sthat travel with families. Young customer- Key ResourcesChannels hotelroomsare essentialresources for the organization. Otherimportant resourcesare technological Onlinechannels wouldbe utilizedmore since most of the target custoemer basehave
customerservice resources like RFID, Onlinebooking, Onlinefood applications. internetaccess. Telephone channelswoukd beusedto communicate withthe traditional customerbases. Custoemr service would be provided through personal interactions with the customers customers thatare youth and normally travelfor fun. Cost structureRevenue structure The cost structure will be more value drivenbasedonthefocusof improvingtheservicesthatare providedtothecustomers.Hence, more valueprovision would be the essential focus. Usage fee, Subscriptionfee, lending fee, based on the kind of service that is being provided.
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Balance scorecard/ Matrix/ KPI customer, employee, finance Key Performance Indicators Customer ï‚·Customer Satisfaction Score or CSAT of more than 80% ï‚·Customer Handling Time above expected levels ï‚·At least 50% increase in customer visits ï‚·More than 100% Advertising return on investment ï‚·At least a rating of 4 out of 5 Employee ï‚·Online rating of employees ï‚·Percentage of Occupancy ï‚·Customer satisfaction individual score ï‚·Individual customer handling time ï‚·Quality score of employees ï‚·Punctuality ï‚·Customer answering time score ï‚·Customer feedback Finance ï‚·Operating Cash flow increase ï‚·Current ratio of above 2 ï‚·Net profit margin increase
ï‚·Working Capital increase ï‚·Cycle time for budget creation ï‚·Growth of sales and services.