Primary research for hotels in Delhi aerocity

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  • 7/25/2019 Primary research for hotels in Delhi aerocity

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    Delhi International Airport Limited (DIAL) is a consortium led by GMR

    Infrastructures Ltd.

    Land was allotted to

    the

    developers in 2007 and construction began in 2008 via a

    competitive bidding process.

    Hotel opentngs have been delayed due to security related approvals being

    withheld by Delhi Police; leading to most hotels making changes to meet

    government criterion.

    4 hotels have opened with partial inventory:

    W

    Marriott

    324 out

    of

    521

    Lemon Tree

    Premier

    145

    out

    of

    280

    Red F

    ox

    191 out of 207

    Holiday Inn - 110 out of 265

    Total anticipated hotel rooms inventory in Delhi Aerocity = 4,150

    Accor inventory= 1,134 (27 )

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    Delhi International Airport Limited (DIAL) is a consortium led by GMR

    Infrastructures Ltd.

    Land

    was allotted

    to

    the

    developers in 2007 and construction began in 2008 via a

    competitive bidding process.

    Hotel openings have been delayed due to security related approvals being

    withheld by Delhi Police; leading to most hotels making changes

    to

    meet

    government criterion.

    4 hotels have opened with partial inventory:

    JW Marriott

    324 out of 521

    Lemon Tree

    Premier

    145 out of 280

    Red

    Fox 191 out of 207

    o liday Inn 110 out

    of

    265

    Total anticipated hotel rooms inventory in Delhi Aerocity = 4,150

    Accor

    inventory=

    1,134 {27 )

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    How many number of hotels are there

    in

    the Delhi Aerocity

    16 hotels with

    approximately

    51 00 rooms.

    M K

    NG MORE ROOM

    Aerocitywill

    create

    r

    5,000hotel rooms

    Hotel

    Rooms

    Comptetion

    aate

    Ibis

    400

    2 13

    Lemon

    Tree Premier

    28 2 13

    Red

    ox

    2 7

    2 13

    JWMarriott

    52

    2 13

    Hoi iclay Inn 256

    2 14

    NOJOtel

    4

    2 14

    Pullman

    27

    2 14

    Pride

    387

    15

    Dusit

    02

    25

    2 15

    Aloft

    2

    2 15

    HyattAndaz

    500

    2 16

    Nikko

    162

    On hold

    Conrad

    2

    On

    hold

    Hyatt Pace

    15

    On hold

    MGMGrand

    525

    Broke ground

    lntertontinental

    400

    On hold

    How do you differentiate yourself amongst your competitors ( in terms

    of

    pricing, services

    and

    F B)

    Pullman and Novotel

    New

    Delhi

    Aerocity is an

    iconic combo offering with

    670

    rooms and

    suites with one of largest convention facility in the city. Its large room inventory and

    unique convention set up places it in

    top league

    of hotels. Pullman and Novotel c aters to

    both upmarket and

    mid

    segment clientele respectively, offering the guest much awaited

    solution for their large convention requirements. State of the art modern conferencing

    facilities offered by

    the

    hotels compliments well to the needs of both corporate

    and

    leisure travellers. To top it up, innovat ive cuisines

    and

    bespoke

    food and beverage

    options makes it most preferred choice in Delhi/ NCR.

    How many number of licenses

    do you

    require to start a hotel in Delhi Aero

    city

    72

    licenses are required

    to commence any

    hotel operations in

    New

    Delhi

    Aerocity

    . (

    Please reconfirm this the no I

    remember over

    an

    internal conversation , I did

    check

    with

    lndranil he'll count let you now)

    If

    a

    competing

    hotel

    comes

    up with a marketing exercise would you

    be compe lled

    to

    do

    the same

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    Within Aerocity in

    event

    of any innovative marketing initiative undertaken

    by

    a

    competitor

    hotel

    it is imperative for

    us

    to take a wholesome view

    of

    the same to

    analyse

    its positives. Before deciding to adopt the same, it is imperative to

    understand

    how

    the

    initiative shall impact the business and services offered and how the end experience of

    the guest can be

    improved

    further by improvising on the idea to create an edge over the

    competitor. By implementing an improved version, we can

    stay

    ahead of our

    competition

    by

    offering a

    better value

    proposition

    to our

    guest.

    What would compel you

    to

    lower your room rates and would this practice be followed

    by a

    competitor

    in the market

    Price is

    largely

    influenced

    by

    demand

    and

    supply gap prevalent in

    the marketplace.

    In

    scenario when the supply exceeds the

    demand

    price is adjusted to spur the demand in

    the short term. However, price

    policies

    adopted should take

    into

    account hotel

    positioning and

    branding.

    It

    is

    recommended to have an optimum

    level dependence

    of

    each business segment and a robust business

    pipeline

    to prevent any last

    minute

    price

    corrections. Also,

    correct

    business forecast projections

    project

    the business gaps in

    advance to

    implement

    corrective measures well in time.

    Any

    initiation of

    price cut

    is

    based on current business levels

    and

    its assessment of future demand trends with a very

    marginal

    influence of any price cut

    initiated

    by a competitor due its own unique business

    scenario.

    Are you aware of the prices charged by your

    competitors?

    Market intelligence forms the

    core

    of

    any market

    strategy adopted

    by

    the hotel within

    Aerocity.

    The

    know-how

    of our competitors will help

    shaping

    market strategies business

    solutions which shall influence

    the

    outcome in

    our favour

    positively. Since price is

    an

    integral part

    of

    buying

    behaviour

    all hotels must be aware

    of

    price

    policies

    adopted

    by

    their

    competition to

    offer best possible value proposition to their guest.

    Does knowledge of your competitors pricing strategy influence your prices? ( If yes

    explain how )

    The know-how of our competitors

    and

    their pricing strategy plays an integral part in

    deciding price dynamics in the marketplace. Pricing strategy adopted by each

    competitor is relative to

    capabilities

    of their distribution, sales setup,

    operations

    and

    market perception. If

    we

    are in a position to offer a superior

    product and

    offerings

    relative to the

    need of

    the customer,

    we may

    choose

    to

    offer an incremental

    price

    still

    driving value to

    our

    customers.

    When

    prompting

    your hotel

    what

    features

    of

    it do you emphasise? (Service, Location ,

    Efficiency , Pricing, Brand reputation and Other)

    1 Pullman Novotel New Delhi Aerocity -

    Combo

    offering with price band

    advantage

    to

    accommodate both

    upmarket and

    mid segment cleintele

    2) Unique convention facilitias

    3) One of the largest ballroom in Delhi/NCR

    4) Bespoke F B choices

    5) International branding

    advantage

    6) Most strategic location in Delhi/NCR

    7 One stop solution for large convention city events due to proximity of hotels.