Leading Companies in Hotel

8/8/2019 Leading Companies in Hotel

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Vicky Prasad guptaSantosh kumar

Rakesh Bhanj

Hrishikesh Mishra

Ghanshyam MahtoSweta Kumari

Kumari AnkitaAlka Kumar

Shivali Basaiwala

Shewta Kumari

Presented By


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Hospitality is the relation between host and guest orthe act or practice of being hospitable. Specificallythis includes the reception and entertainment of guest,host or strangers.

The word hospitality is derived from the Latin wordhospitalitem which means friendliness to guest.

The concept of hospitality business started whenpeople started travelling away for business & theyneeded a place away from home which would cater alltheir needs.

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The travel and hospitality industry continues to be the sector, whichhas largely profited from the fast growing economy of India. This haslargely been due to the 4.4 m tourist arrivals in Financial Year 2007(13% growth) over the previous period. The compounded growth in

tourist inflow over the last ten years (FY97-FY07) has been 4.3%,while in the last five years, growth stands at 11.6% per annum. Thehotel industry went through a rough patch between FY00 to FY04owing to factors like the Asian financial crisis, Afghan war, MiddleEast unrest, September 11 attacks, SARS and domestic riots.

India occupies the forty-sixth position among the sixty touristdestinations in the world. The flourishing economy helped boost thedemand for the industry. Also, Efforts to diversify tourist attractions byoffering new products such as adventure tourism, wellness tourism,medical tourism and golf tourism are expected to have a positiveeffect on both foreign tourist arrivals and domestic tourism.


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India has discovered the power of marketing andwith campaigns like Incredible India.

Large scales regional and global events like theupcoming Commonwealth Games, Asian Gamesand the recent Indian Premiere League that buildsinterest about the nation.

Process of getting approvals and licenses to buildand operate hotels are streamlined, together withstrong infrastructure development and investment.


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EIH: - EIH, the flagship company of The Oberoi

Group,

Oberai Tower, Mumbai Oberai Hotel, Bangalore Oberoi- Trident, Mumbai


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ITC-WELCOM GROUP has pioneered the concept of

"BRANDEDACCOMMODATION" in the hospitality

industry.

In 2007,ITC WELCOMGROUP tied up withSTARWOOD to launch its premium brand, The

LUXURY COLLECTION.

The company has more than 75 hotels in India withabout 5500 rooms and is developing 27 more

properties that will add about 3000 room.

Cont


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ITC HOTEL GROUP SEGMENTATION.

SUPER DELUXE LUXURY HOTEL FIVESTAR HOTEL BUDGET HOTEL HERITAGE

HOTEL

ITC hotel ITC Sherton Welcome Fortune Welcome

Luxury Hotels. Hotels. Hotels.

Heritage.

Collection.

Cont


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The Indian Hotels Company (IHCL), a subsidiary of

Tata Group, is engaged in hoteliering and air catering

business.

IHCL and its subsidiaries are collectively known as Taj

Hotels Resorts and Palaces.

Taj Hotels Resorts and Palaces comprises of 59 hotels

at 40 locations across India

Cont


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Taj Luxury Hotels Taj Business Hotel Taj Leisure Hotels

Taj Hotel Taj Presidency Taj Beach Resort

Taj Mahal Taj Blue Diamond Taj Cultural Center

Taj Bengal Taj Connemara Taj Garden Reteats

Taj Group of Hotel Segmentation

Cont


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Taj Mumbai Hotel Taj

Taj Udaipur Taj Palace, Delhi

Cont


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The government could constitute a steering committee to review the demandand supply of the human resources in the hospitality industry and prepare plansfor developing qualitative human resources which are required for the presentday global industry. The committee should constitute with the members from allconcerned areas like:

State and central tourism development commissioners

Representatives from all areas of hospitality industry

Members / president / secretary of the hotel management associations

Members / president / secretary of the travel and tourism associations

Representative from hotel employees association

One member representative from international hotel chain

The committee should review the present situation and suggest the steps to betaken to reduce the gap between the demand and supply of human resources inthe industry.


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The committee should concentrate on the following issues mainly:

Create a policy on industry institute interaction

Establish an apex body to coordinate all the management institutes in

the country

For conducting common entrance test for all Govt. university / AICTE

/ private institutes in the country

Curriculum development from time to time as industry requirement

Fees structure for different courses in different institutes

Appoint a committee to identify the requirements of qualifiedmanpower for International Hotels and also identify the ways to

develop.


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Tie ups with institutes

Continuous training

Sponsoring

Research


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Shortage of skilled employees

Shortage of roomsIntense competition and image of India

Customer expectation

Manual back-end

Human resource development


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SWOT ANALYSIS.

STRENGTH

Demand supply gap

Natural and cultural diversityGovernment support

Increase in the current market share

WEAKNES

Poor support infrastructure

Slow implementation

Susceptible to political events


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Opportunities

Contribution of Hospitality in our GDP is 2% in 2006

After 2006 it is increasing @ 7.3% per year.

A lot of employment, can be provided by improving

education structure and awareness about Hospitality.

By increasing the number of tourist, utility of products

will increase, which will increase our GDP.

Threats

No. of tourists arrivals are not sustained.

Fluctuation in world economy

Terrorist activity


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FACTORSINFLUENCING HOSPITALITY

SECTORIndian economy

The maturing of Indian hotel market

Hotel brand explosion in IndiaHospitality marketing trend

Hotel development cost

Food and beverages conceptManpower

Technology and hospitality


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To boost up the growth of tourism in India, the government has proposed toinvest Rs. 520 crores in 2007-2008. Tourism in expected to grow further overthe next few years due to the changes taking place on the demand and supplysides. The factors that will account for the further growth of tourism willinclude the following:

Change in standards of livingMore disposable incomeBetter educationLong leisure time

Aging population

Owing to growth of tourism sector, infrastructure will improve, competition

will increase, new products will come into markets and better services will beprovided. Due to the rapid growth in tourism, the hotel industry is alsobooming. Many international players like Le Meridian and Accor are headingtowards Indian markets to expand their business. With government's full supportin developing infrastructure, increase in demand, open sky policies andincreased competition, the hospitality industry is getting consolidated and hasmany more opportunities to grow further.


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Trends that shape the future of hospitality sector are:

Low Cost Carriers

Budget Hotels

Service Apartments

Technology

Loyalty Travel


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According to Travel and Tourism CompetitivenessReport 2010, the contribution of hospitality in

GDP is expected to be at US $ 187.3 billion

by 2019.

It is the second largest resource of Foreign

Exchange Money in our country.

Earning through international visitors was $16.34

billion till Dec2009, and expected to increase toUS$ 51.4 billion in 2019.

Except some speed breakers, Hospitality is

emerging as a booming sector in our economy.

CONCLUSION


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Documents

Leading Companies in Hotel