Table of Contents INTRODUCTION...........................................................................................................................4 TASK 1............................................................................................................................................4 P1 Exploration of various types of resorts along with its key features, potential issues and challenges regarding its management:.........................................................................................4 Potential issues or challenges for managing different type of resorts:........................................5 P2 Discussing differences regarding operational requirements of specialist areas as well as potential issues in management of different specialist areas:......................................................6 M1 Evaluation of different operational requirements for resort range and its management strategies of minimising challenges:............................................................................................7 D1 Critical evaluation of issues and challenges regarding management of specialist resort range and recommending solutions for risk minimization:.........................................................8 TASK 2............................................................................................................................................8 P3 Assessing different kinds of resort packages and ways in which it fulfils overall objectives of sales, along with specific examples:........................................................................................8 M2 Critically evaluating implications of developing overall business and running resort package range:.............................................................................................................................9 D2 Justification of resort package ranges as well as tactics that is applied for achieving sales objectives and maximising profit:................................................................................................9 TASK 3............................................................................................................................................9 P4 Conducting market research into specific resort location and determining requirements of chosen target market:...................................................................................................................9 P5 Proposing a business plan for resort package on the basis of findings of market research:.10 M3Criticallyanalysingrequirementsofcustomersandcreatingaresortpackagefor maximising business as well as profitability:............................................................................12 D3 Justifying decisions that is made in planning or proposing of resort package and analysing USP of proposed package:.........................................................................................................12 TASK 4..........................................................................................................................................12 P6 Investigating different approachesof sustainability,practicesor initiativeswhich is implemented by resort:..............................................................................................................12
M4 Evaluation of sustainable approaches, practices as well as initiatives for enhancement of brand value, brand image and performance of business:...........................................................13 D4 Critically evaluating sustainable approaches, initiatives or practices for achieving overall success in business:....................................................................................................................13 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................15
INTRODUCTION Resort canbe describedasaplacethatprovidesfacilitiesof recreationaswell as entertainment and services to tourists or vacationers. In this report, Low Wood Bay resort and spa is selected organization for evaluation of resort management activities(Aguiló, Rosselló and Vila, 2017). Entity is based in Windermere, United Kingdom. Thai resort provides various facilities such as in build health club, spa, fully equipped gym etc. it incorporates 131 rooms, lounge as well as a Windermere restaurant.It is a lake front resort and contains facilities of beautiful lake view, natural surroundings, free Wi-Fi connection and split level suits that consists country chic décor. This report evaluates various characteristics associated with resorts and it also analysis issues or problems that can be faced in relevance to managing them. Further, it examines various kinds or types of resorts and their packages available for the purpose of achieving objectives of an organization. It also evaluates requirements of customers along with it a business plan is formulated on the basis of market research. Lastly, guidelines or principles that can be applied for achieving sustainable tourism is studied. TASK 1 P1 Exploration of various types of resorts along with its key features, potential issues and challenges regarding its management: Resort refers to a commercial commencement which is self-contained and which attempts to fulfil all requirements or wants of vacationers under one premise. Essential feature of any resort is its location(Calabrò, 2017). Hence, it must be established in area which pertains natural surroundings and incorporates facility of proper infrastructure for the purpose of ensuring proper connectivity and making customer experience more enjoyable. Key features of different type of resorts: Luxury resort:This type of resort offers wide range of services to vacationers under one roof, which involves, personalised excursions, amenities, airport transfers, wide options of entertainment, 24-hour service as well as complimentary items.
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Beach resort:This type of resort is located in beach areas and involves seaside locations, recreational activities, convenience facilities and lodging facilities. Such type of resort offer various activities related to water such as, beach volleyball, snorkelling, scuba diving as well as parasailing. All inclusive resort: It is a popular type of resort and charges fixed amount of price for services that are offered. It comprises various services such as sports activities, lodging, entertainment offerings, unlimited food facilities and many more. Ski resort:This type of resort is developed for the purpose of winter boards such as, skiing, ice-skating and snowboarding. Spa resort:This type of resort is established for the purpose of relaxation as well as pampering. It provides various types of aliments, detoxifying treatments and serves as a platform for rejuvenating mind and soul. Low Wood Bay comes under category of beach, spa and luxury resort as it incorporates lake side location, luxury rooms, mesmerised accommodations, water sports centre, etc. Potential issues or challenges for managing different type of resorts: Various challenges are faced by managers in context to management of various kinds of resorts. In context to, Low Wood Bay resort and spa, following issues or challenges are faced regarding management of this luxury and beach resort: Changingexpectationsofcustomers:Inthisconstantlychangingmodernera, expectations or demands of customers changes frequently or quickly. Because of such alterations in expectations of visitors comes up as a challenge for management team of Low Wood Bay as organization needs to alter its policies are servings in accordance to it. Pricing or booking issues:Along with expansion of online bookings, challenges in context to management of resort activities and holding of consistency in pricing. This led to incorporation of price variations which is unavoidable and pertains impact of bottom line of an organization. In context to Low Wood Bay, management tea, of entity is facing issues regarding implementation of proper management policies due to online booking fluctuations.
P2 Discussing differences regarding operational requirements of specialist areas as well as potential issues in management of different specialist areas: Resort range is wide and it incorporates various operational requirements regarding specialist areas. In relevance to Low Wood Bay, following are some differences in relation to operational requirements as well as potential issues for the purpose of managing specialist areas: Basis of differentiationOperationalrequirement regarding specialist area Potentialissuesin managementofspecialist areas Organizational bookingsResortscanincorporate systematic as well as organised keyoperationalrequirements asstructuredbookingsare conductedthroughe- commerce sites, tele-bookings, andonlinereservationapps whichareutilisedby vacationers for the purpose of makingbookings.InLow WoodBay,essential requirementislocationor resort and implementation of proper and organised structure forfacilitatingactivities related to bookings in online as well as offline modes(Dube and Nhamo, 2019). Potential issues that is faced by organizationisregarding efficientmanagementof bookingsandprice fluctuationswhichpertains affectonbookingsthatare madebycustomersduring peakandoffseasons.In context to Low Wood Bay, it is identified that organization facesdifficultyisprice fluctuationsbecauselarge amountofcustomersmake booking but as soon as they identifyservicesavailableat lowpricestheycanceltheir bookings.Apartfromthis, demand of boom bookings in peak season is high but issues regardingunavailabilityof roomariseswhichleadsto emergenceofdissatisfaction
among customers. Differentiation strategiesOrganizational requirement for copingupwithissuesof strategy differentiation is that companyshouldimproveits marketresearchand development activities. It helps businessinaligningwith currenttrendsandprovides competitive edge to firm. As, LowWoodBayservesits operationsinhospitality industry and it is noted that most of resort hotels provides similarkindofservicesor facilities. Hence, company is requiredtofocusmoreon enhancingitsdifferentiation strategies for improvement of customer attractiveness. Potential issues which is to be facedbyanenterpriseinn contexttodifferentiation strategy involves marketplace changes. With the motive of achieving success, competitors attempt to copy strategies or differentiationtacticsof company.Hence,distinctive featuresofLowWoodBay possesses threat of copying of business offerings which leads to decrement in differentiation in services offered by firm and its competitors. M1 Evaluation of different operational requirements for resort range and its management strategies of minimising challenges: Different range of resorts pertains different types of organizational requirements, such as, in context to luxury resorts, operational requirement associated with it are maintenance of high quality services to provide luxury experience to customers. Further, operational requirement of beach resort is ensuring proper and operational requirement in relevance to All inclusive resort is implementationof adequatestructurefor maintainingsystematicpolicy.Apartfrom this, changing customer expectations and pricing related issues are faced byLow Wood Bay which can be resolved by differentiation strategies and organizational bookings.
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D1 Critical evaluation of issues and challenges regarding management of specialist resort range and recommending solutions for risk minimization: As per(Gemar, Soler and Guzman-Parra, 2019)it have been critically evaluated that Low Wood Bay faces challenges regarding meeting of customer expectations and booking or pricing issues. For solving such problems company is recommended to implementation proper organization system or structure for managing bookings and incorporated differentiated services for value enhancement and gaining competitive advantage. TASK 2 P3 Assessing different kinds of resort packages and ways in which it fulfils overall objectives of sales, along with specific examples: Resort package can be evaluated as an essential tool for resorts as it enables development of its competitive edge. Various packages are devised by resort hotels for the purpose of deriving demand of targeted customers. Different objectives are incorporated with different packages of resorts for the purpose of enhancing productivity or profitability of an entity(Huang, 2017). Following are some types of resort packages along with ways in which its fulfils sales objective of Low Wood Bay: Premium package:It is considered as a desirable package as it claims to offer best services to vacationers. It incorporates various amenities or facilities, such as, clubbing, sports activities, spa facility, recreational activities, and many more. While considering premium package of Low Wood Bay, it is identified that entity offers oak suit rooms at a package of £383 per day which incorporates separate lounge area, lake view, and spa pack. Target customer for this type of package is high income professionals(Towner, 2016). Business package:Providing a business package top customers in this rapidly improving digital era serves an essential role in resort hotel as it provides opportunity to business for attracting and retaining customers which consists tours for business purpose. In context to business package of Low Wood Bay, entity provides package of 4 days and 2 nights for £1750 to an business person. All inclusive package:It refers to a package which involves stay, sport activities, entertainment, drinks as well as unlimited food offerings. All this items are involved with
booking price of resort without involvement of any surprise cost.On evaluation of all inclusive price of Low Wood Bay it is noted that firm offers 3 days and 2 night package at a cost of £1800. Competitive creative packaging: It includes innovative solutions or designing that increasesattractivenessofcustomerstowardsservicesoffered.Applicationofthis package technique in Low Wood Bay resort states selection of strategic price of service on the basis of proper evaluation of competitors. It is implemented by business for gaining competitive advantage. M2 Critically evaluating implications of developing overall business and running resort package range: As per(Hwang and Seo, 2016)it is critically evaluated that implementation of resort packages helps in attracting large amount of customers and hence, helps in gaining high level of recognition in market. This ultimately provides opportunity toLow Wood Bay to differentiate from customers . It also enhances promotional activities of an enterprise. While, on the contrary, application of strategy of resort package is a complex process and hence is a time consuming and effort taking approach. D2 Justification of resort package ranges as well as tactics that is applied for achieving sales objectives and maximising profit: Utilisation of strategy of resort package comes up as a cost saving approach in the mind of customers and hence, increases attraction level of customers as experience of customer is enhanced through it. It also increases retention level of customers which helpsLow Wood Bay in achieving its sales objective and improving overall profitability of an enterprise. TASK 3 P4 Conducting market research into specific resort location and determining requirements of chosen target market: Market research refers to organized effort which is conducted for the purpose of gathering information about target market of an enterprise. It enables management team of company to study about its customers in depth manner. It helps in formulating effective strategy for aligning with customer requirements and maintaining high competitiveness. Hence, market research helpsin identificationand analysisof trends of market. Its size and level of
competition. Objective of conducting market research for Low Wood Bay is to analyse market requirementsothatcompanycanformulatepoliciesaccordinglyandachievelongterm sustainability.Firstly,problemsassociatedwithbusinessisidentified.Further,collected information is analysed and research plan is developed, for this purpose, primary and secondary methods are utilised(Logesh, 2017). Lastly, gathered information is adequately analysed and interpreted for finding appropriate solutions. Following are some areas of research which is conducted for Low Wood Bay: Analysisofmarketpotential:Marketresearchprovidesrequiredinformationto manager of Low Wood Bay for identifying market potential in area in which business is operating in, that is, Windermere in United Kingdom. Resort consists beautiful natural surroundings and a lake view which is appreciated by customers as per research. Hence, it can be stated that entity has high market potential. Customer purchase process:It indicates evaluation of steps or procedure that is undertaken by customers during making a purchase decision. During market research it is identifiedthatcustomersmostlypreferonlinebookingsofresorts.Further,price comparison is high conducted hence,Low Wood Bay is required to adopt competitive pricing and differentiation tactics for enhancement of customer attractiveness(Seraphin, 2019). P5 Proposing a business plan for resort package on the basis of findings of market research: As per above findings through market research it is interpreted that customer pertains expectation ofhigh quality services at affordable prices in a location that showcase natural scenery for the purpose of enhancing relaxation from daily hectic work schedule. Hence,Low Wood Bay is required to launch a package named 'suitable package' for meeting requirements of customers and improving value of entity in comparison to competitors(Inkson and Minnaert, 2018). For this purpose, business plan is formulated which is described below: ParticularsDescription Executive summaryMission statement:Business plan ofLow Wood Bay is based on creation of a package that align with market requirement for achievement of long term sustain ability. Objective:Gaining long term sustainability and successin
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market is the agenda of company. Hence, market research is conducted and its findings are analysed for planning of future operations.Thisbusinessplaninvolvesallinformation regarding, resort package, pricing strategies that is adopted, financials, STP analysis as well as monitoring measures. CompanyanalysisLow Wood Bay is a resort hotel that is situated in Windermere of United Kingdom. It is located at distance if 1.9 mile from village named Ambleside. Resort have separate kids section, water sports, gym and spa facilities. Entity is planning to gain competitive edge in market, hence develop a package at an affordable rate. Industry analysisHospitality industry serves as fourth largest employer in United Kingdom which is showcasing promising growth even in future period. In United Kingdom, hotel occupancy rate is of 79.9 percent and UK hotel industry revenue is of 20.7 billion in the year 2019. Customer analysisFor the purpose of analysing customers of suitable package of Low Wood Bay, STP analysis is conducted which is defined below: Segmentation:Low Wood Bay segmented its market on the basis of demographic segmentation as it focuses on level of income, educational qualification and age factors(Markov and Rajaković, 2019). Targeting:Targeted customers of suitable package ofLow Wood Bay is middle class people who prefers quality service at affordable price. Positioning:Suitable package is positioned as high quality service at exciting prices and it is promoted by Low Wood Bay on social media channels and advertisements. About resort packageAccommodation package can be explained as a resort package
ofLow Wood Bay which involves various amenities such as laundry, entertainment and water activities. This packaged is developed for enhancing value of company in perception of customers by providing high quality service at reasonable price. Duration of this resort package is of 4 days and 3 nights at a price of £1600. strategic objective of launching this package is to enhance revenue by 10 percent till 2023 by increasing customer base of an enterprise. Competitive analysisFollowing is the SWOT analysis: StrengthsWeaknesses Itprovideshigh service to customers at reasonable price. Companypertains successful track record ofservice development. High brand image and valueofLowWood Bay in market. Itdoesnotprovide high profit margin to companyasprofit margin is low and cost of service provided is high. Businessincorporates limitedareafor expansionor development. OpportunitiesThreats Low Wood Bay have theopportunityto target untapped market throughthisnew product launch. Accommodation package is suitable for people who are price sensitive,hence Highdependenceon tourism. Increasingnumberof competitors.
pertains opportunity of increasingcustomer attractiveness. Strategic planMarketing:Social media promotions, on line contests, and advertising will be utilised for the purpose of marketing of new package launch of Low Wood Bay. Distribution:Online travel agencies will act as third party channel for business. Revenuemanagementorpricingstrategy:Competitive pricing strategy is adopted by Low Wood Bay as it focuses on gaining competitive advantage by providing services at low priceascomparedtocompetitorswhichhelpsinvalue enhancement of business. Further, budget allocation techniques andmonitoringtoolssuchasfinancialkeyperformance indicator will be applied for revenue management. Financial requirementParticularsAmount (£) Market research expenses100 Accommodation service cost900 Travelling costs50 Advertisement300 Other expenses150 Total1500 Monitoring and controlTechniques of key performance indicators and benchmarking will be applied for overviewing the performance of company for ensuring progress and performance enhancement.
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M3 Critically analysing requirements of customers and creating a resort package for maximising business as well as profitability: From the above research it is analysed that customers search for low price services hence, switch to other organizations which provides service at minimal price. Hence, Low Wood Bay is required to launch a resort package, named “Accommodation price” which provides high quality of services at an affordable rate. It helps entity in maximising profit earning capacity by improving customer base and ensuring their retention(Seraphin and Yallop, 2019). D3 Justifying decisions that is made in planning or proposing of resort package and analysing USP of proposed package: Planning as well as proposing of “Accommodation price” resort package by Low Wood Bay pertains unique selling point that it provides value for money by offering high quality facilities to customers at reasonable rate. It saves time of customers as package incorporates all services and it is a safer way to evaluate expenses that is to be incurred by customers. TASK 4 P6Investigatingdifferentapproachesofsustainability,practicesorinitiativeswhichis implemented by resort: Various approaches or initiatives are conducted byLow Wood Bay for the purpose of achieving sustainability. Such practices are explained below: Corporate social responsibility:Low Wood Bay incorporates commitment towards immersing beauty of nature, hence, it launches various events for the purpose of achievingpositiveimpactonenvironment,cultureaswellassociety(Paraschi, Georgopoulos and Kaldis, 2019). Hence, water conservative plans are launched by an organization and plantation activities are managed by it. Apart from this, various charity programs are also initiated by Low Wood Bay. Ethical considerations:It refers to values as well as principles associated with an enterprise. Maintenance of positive organizational culture along with workplace diversity is a focus area ofLow Wood Bay. Apart from this, entity is high concerned for eliminatingdiscriminationonthebasisofcaste,colourandreligionandensures fulfilment of health and safety laws related to working staff as well as customers. Environmental impacts in hotel industry:
Facility operations:Low Bay Resort tracks its efficiency in context to water and energy conservationandimplementsre-useprogramsasitsenvironmentalinitiativefor protecting natural resources and environment. Purchasing:Decision makers of Low Wood Bay prefers localised supply chain system and ensures minimal utilisation of items which are harmful to environment. Housekeeping:Policiesaremadeinanorganizationforthepurposeofsetting environmental friendly goals in areas such as, guest room amenities, laundering services etc. it involves temperature setting which is pre-programmed, proper utilization of dilution control system and monitoring of cleaning products. Food services:With the motive of minimizing environmental impact, it is ensured that seasonal foods are purchased in bulk instead of single use packages. Unnecessary chemical exposure is avoided by [proper implementation of kitchen policies. Self engagement:Frequent meeting is established for environmental leadership team. Further, participatory programs are launched. M4 Evaluation of sustainable approaches, practices as well as initiatives for enhancement of brand value, brand image and performance of business: Implementation of sustainable approaches by Low Wood Bay enhances brand image of an organization in market place. Reason is that application of corporate social responsibilities and ethical considerations enhances reputation or recognition of brand in mind of customers. It helps in creating positive image in market which leads to improvement in value of brand. It provides organizational growth and enhances performance of business(Ryan, 2020). D4 Critically evaluating sustainable approaches, initiatives or practices for achieving overall success in business: As per(Scarles, 2016)it can be critically evaluated that application of sustainable approaches helps in improving customer relations and it helps in enhancing profitable of Low Wood Bay. While on the other hand, it is a costly approach as it increases expenses of an organization which leads to decrement in profitability. CONCLUSION Above report concludes thatresort can be explained as a establishment that grabs attention of visitors, along with it offers wide range of facilities to visitors such as facilities of
lodging, food and entertainment. Tourist resort management is a part of hospitality industry and it involves administration of hospitality, management of hotels, restaurants as well as food services.Apartfromthis,resortmanagementincludesactivitiesthatfacilitatesplanning, recreation of administration and marketing activities. Further this report interpreted that, there are various types of resort as well as resort packages. Along with it, activities in resort also pertainssomechallengeswhichcanbeeliminatedbyimplementationofoperational requirements. Conduction of market research and business plan helps business in achieving sustainability.
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