Professional Documents
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become one of the most dominant indicators in the global hotel industry performance.
Customer-based brand equity is a valuable tool in brand positioning and evaluating their
marketing strategy. Necessary feedback can be obtained from consumers for this
evaluation will aid in: identifying service or product related problems; identifying
Building and managing brand equity has become necessary for hospitality organization.
Moreover, branding has become one of the most dominant indicators in the resort
assessing and evaluating the market and advertising strategy. Important feedback can
visualize and understand them, including safety and risk issues. The concept and
measurement of brand equity in the hotel industry has gained considerable attention
from various interest groups. Cultivating strong brand with high equity improves the
2. Brand Value
When a customer responds favorably towards a brand, he adds
value. If he adds negative differential, the brand loses value. A
brand manager’s task is to create awareness so that a brand
triggers discriminating customer response.
marketplace. One of the strongest competitive advantages a resort has is loyal customers. True
loyalty often means customers pay more and go to resort. High brand equity is a key quality to
generate loyalty. Customers depend on the strength of brands known for elite equality, unique
Perceived added value of product might distinguish it from other brands in the same category. Hence,
extending brand equity through intangible services that enhance the customer’s experience will become
increasingly important in the future. It will also become a key influence in the formation of many aspects
of brand equity.
The study will determined the status of the resorts in fourth district of Laguna. More specifically, it measure the four
components of brand equity of the resorts in terms of brand awareness, brand loyalty, perceived quality, and brand
image; determined the influence of the profile of the customers in measuring the brand equity of the resorts. Resorts
are classified in different categories based on the services they offer accredited by the Provincial Tourism Industry
of Laguna, Philippines.
Accreditation is a Department as having complied with its minimum standards in the operation
of the establishment concerned. Resorts falling here under have complied with their minimum standards to
The top four (4) problems are unequal treatment of employees to the guests was really a negative factor or
a bad impression to the customer especially when it comes to nationality races. Shortages of water supply
and brown-outs/black-outs are some of the problems encountered because the location of the resort is far
away from the city. With regards to the different services offered and the problems regarding the establishment of a
resorts.
The challenges facing in creating the brand equity of the resorts are the unequal
treatment of employees to the guests was really a negative factor or a bad impression
to the customer especially when it comes to nationality races. Shortages of water supply
and brown-outs/black-outs are some of the problems encountered because the location
of the resort is far away from the city. With regards to the different services offered and
aggregate of assets and liabilities that are associated with the brand name and symbol
which brings about the relationship customers tend to create with the brand. Brand
equity is reflected in a way as to how consumers see; feel as well as an act towards a
particular brand.
Shaw, AA. (2018). Brand Equity Importance and Examples. Retrieved from
<https://www.marketingtutor.net/brand-equity-importance-examples/>.
Shaw (2018) defined brand equity as the total value of the brand as a distinct asset. It is
associated with the brand name and symbol which brings about the relationship
customers tend to create with the brand. Brand equity is a way on how consumers see,
These are the type of management deals with the physical plant, grounds, energy,
accounting, and purchasing functions of a resort hotel . These support areas are critical
to the successful operation of a resort hotel, but great care is taken to keep the guests
from seeing this aspect of the facility to ensure higher levels of guest satisfaction.
A resort is a place where used for relaxation and recreation. People tend to seek out
a resort for holidays and vacations especially during summer season. Generally, resort
is managed by a single company which provide for vacationer's wants, while staying at
the resort, such as food, drink, lodging, sports, entertainment, and shopping.
Towns that contain resorts -- or where tourism or vacationing is a major part of the local
activity -- are often called resort towns. The term resort is sometimes misused to identify
a hotel that does not provide the other amenities required of a resort. However, a hotel
is frequently a central feature of a resort.
The Walt Disney World Resort is perhaps the most famous example of a resort in the
world, however, resorts exist throughout the world. Resorts are especially prevalent in
Central America and the Caribbean.
A resort is sometimes called a destination resort. This is a common usage when the
facility provides food, drink, lodging, sports, entertainment, and shopping within the
facility so that customers have no need to leave the facility once they arrive. Commonly
these facilities are of higher quality than would be expected if one were to stay at a hotel
or eat in a town's restaurants.
Brand equity can seem like and abstract concept that is difficult to measure
campaign’s ROI, but can help to measure awareness, association, and more.
According to Philippine Statistic Authority (2017) reported that about half of the travelers
who went for pleasure or vacation, stayed in home of friends or relatives during their
most recent trip, while about one-fourth opted to stay in resorts and about one in ten
lodged in hotels.
Philippine Statistic Authority. (2017). Three in Five Pinoys 15 Years Old and Over
Travelled in the Country in 2016. Retrieved from
<https://psa.gov.ph/hsdv/node/119898>.
http://research.lpubatangas.edu.ph/wp-content/uploads/2014/08/JTHR-Status-and-
Prospect-Beach.pdf
2017
Bel
Booker
What is Brand Equity and Why is it So
Important?
https://www.askattest.com/blog/brand/what-is-brand-equity-why-is-it-important
Booker, B. (2017). What is Brand Equity and Why is it So Important? Retrieved from
<https://www.askattest.com/blog/brand/what-is-brand-equity-why-is-it-important>.
Back in 2016, FMCG giants Proctor & Gamble, Unilever, and Mondelez refocused on their brand
building efforts and away from promotions, in a bid to improve profit margins. There’s a huge
focus on brand equity building amongst online consumer brands too – it’s all in the aim of
Research shows brand equity plays an important role in price structure, with companies able to
charge a premium for products even when physical superiority over competitors can’t be
demonstrated.
Booker (2017) shared that brand equity plays an important role in price structure, with
companies able to charge a premium for products even when physical superiority over
Brand equity has been receiving special attention since the 80’s. The term, which can be referred to as
brand value, describes the assets and liabilities that are connected to the name or symbol of a brand.
Any changes in either may lead to a negative effect on this assets and liabilities, partially because the
assets and liabilities comprise of categories that generally add or detract costumer value. Thus,
companies should be careful when managing brands because good brand management may result in
higher profits, intensification of brand loyalty, attract new customers or recuperate old ones,
strengthens the company’s position in the distribution channel and lastly it may also strengthen its
competitive advantage. A strong brand value is therefore positive and beneficial for investors and
value is high, shareholders will receive higher investment returns. This implies that shareholders will
judge management based on company value and how much they will get in return.
In 1980’s, Brand equity has been received attention and referred as brand value which describes the
assets and liabilities that are connected to the name of the brand. The companies manage the brands
because good brand management result high profit, intensify of brand loyalty, and strengthen its
competitive advantage. A strong brand equity gives positive and beneficial for investors and
asset can contribute to a company. Studies by Simon & Sullivan (1993, p.2) Basgoze et al (2016, p.1266)
show that companies with a strong brand equity generate positive stock returns because marketing
activities are reflected on stock prices. In a study by Basgoze et al (2016, 1254), the authors tested the
relationship between abnormal earnings and brand equity announcements. Based on the results, the
authors concluded that companies included in Brand Finance’s list of Top 100 Turkish Brands gained
positive abnormal returns 7 months after each brand announcement. Other studies have come to
similar conclusions about companies obtaining positive returns because of brand equity (Johansson et
Indicated that brand equity have positive stock return which one of the many benefits of
this asset can contribute to a company. Hinestroza (2017) cited from the study of
Basgoze (2016), which companies with positive return because of brand equity and
marketing activities.
Hinestroza, E. (2017). Brand Equity-A Study on the relationship between brand equity
and Stock Performance. Retrieved from <http://www.diva-portal.org/smash/get/
diva2:1154763/FULLTEXT01.pdf>.
Coorporation also need to consider their brand equity. If brand equity is good, then consumer intention
to purchase their product became more likely. Brand equity provides consumers with quality
information about a particular product (Krishnan and Hartline, 2001). It refers to the marketing effect or
outcomes that accrue to a product with its brand name, compared with those that would accrue if the
same product did not have a brand name (Aaker, 1991 in Lee and Leh, 2011). Brands with remarkable
and favorable images can secure stable revenues from loyal consumer groups (Kim, 1999).
People nowadays cares about brand. If company try to attract customer without having a good Brand
equity, then it’ll be fail. Brand equity is the added value endowed on products and services. It may be
reflected in the way consumers think, feel, and act with respect to the brand, as well as in the prices,
market share, and profitability the brand commands for the firm. Brand equity is managed by
maintaining brand consistency, protection of the sources of Brand equity, making appropriate decisions
between fortifying and leveraging the brand, and fine-tuning the supporting marketing program (Keller,
1998).
Nowadays, people are aware and care about the brand. If company try to attract customer absence of
having good brand equity, then it was failed. Brand equity is the supplement value endowed on
products and services. It reflected in the way customers feel, see, and act with respect to the brand, and
price.
http://repository.wima.ac.id/11777/24/BAB%201.pdf
Secondly, Jahdi and Ackidilj (2010, p.268) also claim that brand equity, is a determining factor of initial
investment decisions and stock choices. It provides investors, specifically individual investors, with
necessary information which will only benefit the company in the future. The study further explains that
because IAS 38 restricts this value from being reflected on the balance sheet, financial statements may
give the impression of being more adaptable for institutional investors. Thus, brand equity is not being
handled properly because management continues to concentrate on strategies that fail to benefit the
brand in the long 7 run. Among these strategies is the usage of cash flows and short-term profits as
performance parameters (Jahdi & Ackidilj, 2010, p.268). Because these strategies, companies miss the
opportunity to evaluate and capture the benefits marketing activities might create. By failing to capture
these benefits investors will not be able to get a correct insight on the company’s true value (Kothari,
2001, p. 108).
In today’s fast paced world, it is more important than ever to promote recognition of
a product or service. If you're remembered as a quality provider, then you will be encouraging repeat
business. Branding is a great way to promote this recognition because people are busy and tend to
adhere to familiarity. If consumers recognize a brand that they have previously used and they remember
being satisfied with it, then they are more likely to choose that product or service again.
Rabino (2017) stated that it is more important to promote recognition of product and
service. If consumers recognized a brand that they gave previously used and
remembered being satisfied with it, then more likely to choose the service and product
again.
https://www.academia.edu/33783779/CHAPTER_I_INTRODUCTION_BACKGROUND_OF_THE_STUDY
Joshua Rabino
Souri, F. (2017) cited from the study of Panjaysery (2009), argues that internal branding
has an effect on staffs attitude and behavior to the brand and ultimately on their
Farbod Souri
Souri, F. (2017). Investigate The Relationship Between Brand Equity, Brand Loyalty
And Customer Satisfaction. Retrieved from <https://www.ijstr.org/final-
print/june2017/Investigate-The-Relationship-Between-Brand-Equity-Brand-Loyalty-And-
Customer-Satisfaction.pdf>.
Akhtar, et.al (2016) stated that brand image, brand trust and perceived quality some
factors of brand equity has a positive impact on consumer purchase decision but brand
NAEEM AKHTAR
https://www.academia.edu/35957858/Chapter_ll_Review_of_Related_Literature_and_Studies
Cataylo (2019) cited that brand equity, brand knowledge, perceived quality,
brand loyalty, brand awareness, brand image, identity, advertising, promotion,
sales, brand usage, brand judgment, brand performance. These words in one way
or another, pertains to the business term “brand” meaning it is built overtime, by the
impressions one has of the company, its products or services, and is confirmed by
experiences. People use brands to categorize their choices.
It is often said that change is inevitable, and the market conditions are not an
exception to these changes; thus, it is very important that enterprises should
pay mo re atte ntion in mana ging thei r b rand s, by catering thei r
custo mers’ ne eds. According to Hanna Bornmark, Asa Gorannson, and
Christina Svensonn (2005),consumers choose a brand they recognize, before an
unfamiliar brand.
logic behind the model is simple have a strong brand, one must create the right brand
image, by constructing ideal brand encounters or experiences. Each experience with
your brand should leave customers, or potential customers, with positive thoughts,
emotions, and convictions. When you are able to prove that your brand can provide
value, then you’ve built brand equity and the customer’s convictions spread to others.
https://medium.com/@keatonhawker/kellers-brand-equity-model-what-it-is-how-to-use-
it-84e42d562299
Park (n.d) argued that congruity theory which product cues involving images usually
activate a self-schema involving the same images. Also, outlines the importance of self-
perceive the product image to be consistent with their actual self-concept are likely to
feel motivated to purchase and consume that product. Therefore, congruence between
self-image and product image may have a greater influence on consumers’ preference,
Park, S.Y.(n.d). Congruence Between Brand Personality and Self-Image, and the
Mediating Roles of Satisfaction and Consumer-Brand Relationship on Brand Loyalty.
Retrieved from < https://www.acrwebsite.org/volumes/11859/volumes/ap06/AP-06>.
meanings of their self. The knowledge of how brands are used as a means of self-
expression has led to the theoretical development of self-congruity theory which posits
Hector Gonzalez-Jimenez
2017
and objectively a situation , problem or phenomenon that seeks to describes ‘what is’.