Raffles hotel singapore profitability

Assignment Help Marketing Management
Reference no: EM13944832

Raffles Hotel Singapore 1. SWOT Analysis - study the SWOT of Raffles Hotel Singapore 2. Suggest THREE strategic alliances hotel could use/form to increase Raffles Hotel Singapore profitability. i) Provide your rationale why you believe your suggested alliances will be successful in increasing its profit. ii) Recommend ONE strategic alliance/of the 3 you have suggested as your final recommendation and explain why. iii) What would be the alliances of Raffles Hotel to be successful? 3. What is channel? i) Why Is channel management important to hotel (in general) ii) Brief background of Raffles Hotel (what kind of hotel classification would Raffles Hotel falls under?) iii) Base on this Hotel classification, why are the strategic alliances that are relevant to Raffles Hotel. iv) Discuss the prons & cons of each strategic alliance of Raffles Hotel. v) Explain how each of the strategic alliance would value add (in increase profit) to Raffles Hotel service value chain. vi) Pick one of the strategic alliances & explain why it is your preferred recommendation & how it is the MOST appropriate & profitable. 4. Devise 4 suitable pricing strategies for a luxury hotel. Discuss ONE ultimate pricing strategy that you would adopt. 5. Write definition of pricing (with referencing) a) What is price (explain in price) b) Explain the steps in price planning for Raffles Hotel i) Step 1: Develop pricing objectives ii) Step 2: Estimate demand iii) Step 3: Determine costs iv) Step 4: Evaluate pricing environment v) Step 5: Choose a pricing strategy vi) Step 6: Develop pricing tactics c) Explain the advantages and disadvantage of 4 major pricing for Raffles Hotel I. Price skimming II. Premium pricing III. Promotional pricing IV. Geographical/segmented d) Discuss the competitive pricing 6. How to select the appropriate research methods? i) Explain the advantages and disadvantages and why you choose them and which one is your prefer one and why. • Face-to-face interviews • Web/internet interviews • Hall/central location test • Consumer panels ii) How to use these methods to use on consumers iii) Must know the purpose (be very clear)

Reference no: EM13944832

Questions Cloud

Estimates of the time period : We investigate if a period of time feels longer or shorter when people are bored compared to when they are not bored. Using independent samples, we obtain these estimates of the time period (in minutes):
Research a vendor that offers backup and/or disaster : Please give the name of the scholarly references along with it.
Discuss why these two committees are so important : The Committee of Sponsoring Organizations (COSO) was established by the Treadway Commission to work on a common definition for internal control. Discuss why these two committees are so important. Discuss components of internal control system. In you..
Difference exists between the proportions in population : Test the null hypothesis that no difference exists between the proportions in population 1 and 2 needing major repairs against the alternative that a difference does exist. Use α = 0.10
Raffles hotel singapore profitability : Raffles Hotel Singapore 1. SWOT Analysis - study the SWOT of Raffles Hotel Singapore 2. Suggest THREE strategic alliances hotel could use/form to increase Raffles Hotel Singapore profitability.
What statistical test would be appropriate : State the null and alternative hypotheses, both in words and in symbols. Under the conditions described in the scenario, what statistical test would be appropriate? Explain the rationale for your answer
Identify discuss and begin to address the many resistances : Identify, discuss, and begin to address the many resistances, emotional intelligence issues, and unintended consequences which the management will face and need to overcome and handle throughout this change.
Force of gravity between two objects : Whats the force of gravity between two objects when the mass of one of the objects is doubled?
Develop an operating system for a new hand-held device : In a detailed paper, describe what your OS will do, how you will design it and what features will be present. Do not generalize, make this a very specific with diagrams and other supporting materials. There is no programming required.

Reviews

Write a Review

Marketing Management Questions & Answers

  Integrated marketing communication

Developing an IMC plan of Amazon that aims to create awareness and knowledge amongst Singaporean  consumers of the ethics involved in buying clothing made from Bangladeshi factories  .

  Multiple choice questions on e-commerce

The assignment in Computer Science or Information Technology is about multiple choice questions, particularly in e-commerce. Questions such as types of e-commerce websites, commercial websites, disintermediation, Platform for Piracy, the data that ca..

  Balanced scorecard for red lobster

The assignment in marketing is about Red Lobster, which is one US and Canada's most loved seafood restaurant. It has hundreds of outlets in US and Canada and it now wants to expand further. The approach adopted by Red Lobster has been discussed in fu..

  Marketing plan - marketing audit, swot and smart report

The assignment in marketing is about preparing a marketing plan. As part of marketing plan, the SWOT analysis, assessing the competitive position, identifying critical competitive issues, marketing objectives, strategy and actions have been suggested..

  Marketing plan

Marketing deals with preparing a marketing plan for either an existing product or a new product. Various aspects about launching a new product into the market are discussed ranging from the industry the product belongs to, goals and vision of the com..

  Yamato corporation analysis - harvard case study

Please refer to the PDF for the Case Study and questions.The case study from Harvard Business School is about Yamato Corporation, a parcel delivery company which provides door to door delivery in Japan.

  Marketing plan - create a new product

The assignment in marketing is about competitive analysis for a new product namely "heated insoles". These heated insoles can be put in shoes and they can protect the wearer's feet by keeping them warm during cold winters.

  Report on digital marketing strategy for a website

Promotion strategies of  the one's own developed website

  Integrated marketing campaign of mccafe

Integrated marketing campaign for McDonald's McCafe. McCafe has been launched in Canada. This is a case study which involves the use of digital marketing and social media marketing apart from regular marketing such as TV and radio. All these more are..

  New product development at adidas

In this paper, the researcher also determines the different kind of practices used by Adidas to manufacture shoes for its customers.

  Managing services in competitive environment

Services can be defined as separately identifiable, intangible activities which provide want-satisfaction when marketed to household consumers and/or industrial users.

  Prepare a marketing plan

A marketing plan is an essential tool for any marketer, providing direction for a brand, product or organization. A marketing plan describes the marketing environment, marketing objectives and marketing strategies.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd