Indian hotels Company Limited (IHCL) is branded Taj Hotels Resorts and Palaces. It comprises 93 hotels in 55 locations across India with an additional 16 international hotels.
Indian hotels Company Limited (IHCL) is branded Taj Hotels Resorts and Palaces. It comprises 93 hotels in 55 locations across India with an additional 16 international hotels.
Indian hotels Company Limited (IHCL) is branded Taj Hotels Resorts and Palaces. It comprises 93 hotels in 55 locations across India with an additional 16 international hotels.
Introduction The Indian Hotels Company Limited (IHCL) is branded Taj Hotels Resorts and Palaces. It was founded by J.R.D Tata in 1903. It comprises 93 hotels in 55 locations across India with an additional 16 international hotels. Categories Of Taj Hotels 1. Luxury Premium brand scale Exotica ( Premium resort brand ) Safari ( wildlife lodge brand ) 2. Vivanta by Taj Upper upscale Business and vacation destination 3. Gateway hotel Upscale 4. Ginger hotel Budgeted space 5. Jiva Spa
Hotels in India 15 1 4 21 19 23 10 Luxury Exotica Safari gateway Hotel Vivanta by Taj Ginger other Hotels Outside of India 9 1 1 2 3 Luxury Exotica gateway Hotel Vivanta by Taj Ginger STP Segmentation Leisure and business travelers Targeting Upper class, business travelers Positioning Prime location, luxury living
SWOT Analysis Strength
110 years experience in hospitality sector
Understanding customers needs
Integrity and respected brand
Passion for excellence
Innovation through learning
Location
Employee relationship & training
Weakness
Confused customer perception
Terrorist attack left a question over the
security
Opportunities Introduce new hotels Increasing number of tourists in India Improvement in lifestyle of people
Threats Change in economic condition Socio political environment Competition from international hotels chain Foreign exchange fluctuation risks Mainly dependent on Indian market
5 forces model Threats from new entrance Lower entry barrier Growing market attract new player It can capture market share
Threats from existing rivals The Oberoi Hotels and Resorts The Leela ITC Group Of Hotels Le Meridian
Conti Bargaining power of buyers Price sensitive customer Prices are moderate in the industry Bargaining power of suppliers Switching supplier cost is less Limited supplier Availability of substitute Mid size hotel
Taj is playing with different segment of value offering. Is it risky? No because different segment of the society have their different needs It focus on the needs and tries to successfully meet it by its different business model. like ginger for budgeted space. Human resource is a need for hospitality sector Hospitality is a growing sector of the economy It is mainly based on its strong and unique workforce. Tata group focused on engagement on work force, its productivity and responsive system for providing better service to its customer. It focus on balance score card method, it is an automotive system implemented in all its branches. Conti. It implemented speed plus programmed to enhance quality of service for its junior management level employee. It also introduce guest feedback management programmed for improving satisfaction of its customer and its delight. It always focus on service excellence.