vivanta by taj rohini kumar pgp30043
TRANSCRIPT
Parent Brand and Brand Extensions
• The Indian Hotels Company Limited (IHCL) and its subsidiaries are collectively known as Taj Hotels Resorts and Palaces and is recognised as one of Asia's largest and finest hotel company
• Incorporated by the founder of the Tata Group, Mr. Jamsetji N. Tata, the company opened its first property, The Taj Mahal Palace Hotel, Bombay in 1903
• Today, it comprises 93 hotels in 55 locations across India with an additional 16 international hotels in the Maldives, Malaysia, Australia, UK, USA, Bhutan, Sri Lanka, Africa and the Middle East
Taj Heritage Hotels Taj Exotica Taj Safari
Vivanta by Taj The Gateway Hotels & Resorts
Ginger
Vivanta by Taj• Established in September 2010, Vivanta by Taj is a 5-star hospitality brand positioned in the upper-upscale segment after Taj luxury Hotels
• It offers a fresh, vivacious & stylish take on ‘cool luxury’. With innovative cuisine concepts, the smart use of technology & experiences that seek to constantly engage, energize and relax, it appeals to the cosmopolitan world-traveller synced into an immersive and sensory lifestyle
• Currently there are ~30 hotels in India, Maldives, Sri Lanka and Malaysia
Industry Analysis INR 16670 crores is the 2013 revenue of Chained Hotels in India
Of which 2013 revenue of
was at INR 1925 crores holding a share of 11.5%
The revenue of 2015 stood at INR 1977.33 crores
10%5%
4%4%3%3%
72%
Hotel NBO Company Shares 2013
Indian Hotels Co Ltd
Starwood Hotels & Resorts Worldwide Inc
Marriott International Inc
EIH Ltd
Carlson Rezidor Hotel Group, The
ITC Ltd
Others
Source: Euromonitor International from official statistics, trade associations, trade press, company research, trade interviews, trade sources
Comparative Analysis
Source: Euromonitor International from official statistics, trade associations, trade press, company research, trade interviews, trade sources
Industry Taj Luxury Vivanta by Taj The Gateway Ginger
Rooms 1,96,900 4,500 3,100 2,700 2,700
Revenue per Room (INR) 6,825 6,500 3,900 4,100
Average Daily Room Rate (INR) 10,500 10,000 6,000 5,000
Rooms per outlet 216 96.9 114.2 89.7
Outlets 4,418 21 32 24 30
Occupancy (%) 65 65 65 82
Sales per Outlet (INR) 538.1 231.8 162.7 134.2
Sales per Room 2,491.10 2,392.90 1,425 1,496
Comparative Analysis (Continued)
The following points can be inferred from the table – In 2013, the inventory of the Taj Group of Hotels stood at 118 hotels with
~14,300 rooms; holding about 7.3% of the rooms available in the industry
By FY2014, the inventory of the Taj Group of Hotels now stands at 125 hotels with 15,503 rooms, cutting across all our 4 brands
The difference in the Average Daily Room Rates of the Taj Luxury Hotels and Vivanta explains the latters target segment to be the upper-upscale segment after Taj Luxury Hotels
The Gateway Hotels are the upscale/mid-market full service hotels and resorts whereas the Ginger is Taj’s economy line of hotels
Industry Growth since 2010 Year Total Income Percentage Growth2010 118,9002011 136,100 14%2012 151,300 11%2013 166,700 10%
2010 2011 2012 2013
118900
136100
151300
166700
Industry Growth since 2010
Year
Reve
nue
As compared to 2010, Hotel Industry revenues increased
by 40% in 2013
Growth of Taj Group since 2010Year Total Income Percentage Growth
2010 1,5202011 1,737 14%2012 1,865 7%2013 1,925 3%2014 2,024 5%
As compared to 2010, Taj Group’s revenues increased
by 27% in 2013 and by
33% in 20142010 2011 2012 2013 2014
1,520
1,7371,865 1,925
2,024
Growth of Taj Group since 2010
Year
Reve
nue
Growth Analysis From 2010 to 2012, the growth of Taj Group was in line with the
industry growth at 14% and 7% respectively. In 2013, the Taj Group drastically slowed down its growth as
against the industry, since there was a gap of 7 percentage points in their growth ratios of 3% and 10% respectively
Current Status By FY2015, the Taj Group now has a total revenue of INR
6,015 crores including the revenue from the international hotels
Competitive Frame of Reference• The Competitive frame of reference
has been developed in view of the city Hyderabad
• These hotels are considered as competition on the basis of the prices offered for their rooms, which range from INR 3,500 to INR 4,500 on weekends for their basic rooms
Points of Parity•Superior Rooms
•Free wi-fi services
•Breakfast
•Chauffer services
•Spa
•Well trained House keeping services
Points of Parity (Detailed)• Air Conditioning
• Voice Mail
• 220 AC
• CD Player
•Working Desk Phone
• Radio
• Dataport
•Mini Bar
•Working Desk
• Two Line Telephone
• Handicapped Facilities
• Safe
• Speaker Phone
• Cable/Satellite TV
• Full size mirror
• Bedside Telephone
• No Smoking Room
• Knock Lights
• DVD Player
• Internet Access
• Coffee/Tea Maker
• Phone in Bathroom
• Direct Dial Phone
• Television
• Free Newspaper
• Refrigerator
• Iron/Ironing Board
• Plates and Silverware
• Sep Shower and Bathtub
• Bathrobe
• Slippers
• Shaving/Beauty Mirror
• Private Bath or Shower
• Bath Tub
• Shower Cap
•WC sep. from bathroom
•Walk-in Shower
• Rails in Bathroom
• Safety Bar in Shower
• Shower
• Fax Machine
• Connecting Room
• No pornographic films
• Printer
• Color TV
•Wireless Connect
• Desk
• Codes/Buttons in Room
• High Definition TV
• Poolside
• Clothes Press
• Remote Control TV
• Seating Area
• Large Safe
• SeparateToilet Area
• Hairdryer
• Bathroom Amenities
• Accessible Bathing Controls
• Handheld Shower Head
• Accessible Wash Basins
Points of Difference Vivanta aims at delivering ‘refreshment and inspiration to hard-working, hard-playing go-getters’ which also reflects in their youth appealing yet sophisticated ambiance as shown below –
VIVANTA AVATARS• These are artful manifestations designed for
those seeking new discoveries and adventures across the worlds of art, music and design
Divas of Rock Urban Folk Barn Festival
Points of Difference (Continued) VIVANTA MOTIFS
•These are the "must sees and must dos," of the place specially curated at each Vivanta destination
Feed a Sting Ray at Vivanta by Taj - Coral Reef, Maldives
Experience Wazwaan at Vivanta by Taj - Dal View, Srinagar
Journey through Casanova Diaries at Vivanta by Taj - Whitefield, Bangalore
ProductSuperior Charm King Bed City ViewPrice on Weekday: INR 5,250Price on Weekend: INR 4,725Includes Wi-Fi only along with basic amenities
Premium Indulgence King Bed City ViewPrice on Monday: INR 6,250Price on Weekend: INR 5,625Includes Wi-Fi only along with basic amenities
Hailed by Wallpaper UK as a "stroke of genius" and rated by Conde Nast Traveler US as the 3rd best global hotel brand Vivanta by Taj offers an imaginative, vivacious and stylish take on ‘cool luxury’
Product (Continued)Presidential Suite 1 Bedroom King Bed City ViewPrice on Weekday and Weekend: INR 25,000Includes Wi-Fi only along with basic amenities
Deluxe Allure Suite 1 Bedroom King Bed City ViewPrice on Weekday and Weekend: INR 25,000Includes Wi-Fi only along with basic amenities
PlaceCurrently comprised of 29 hotels and resorts in India and the Indian Ocean region, Vivanta by Taj is represented across key metropolitan capitals as well as popular vacation destinations like Goa, Kerala, Rajasthan, Coorg, Langkawi, Bentota and the Maldives
PriceLooking at the pricing strategies of its competitors, Vivanta’s pricing strategy appears to be precisely apt for its target segment
It is priced more at the lower end to attract not only those who belong to the upper-upscale segment but also to those who are growing towards that segment
Superior Charm King Bed City ViewPrice on Weekday: INR 5,250Price on Weekend: INR 4,725
Superior King Twin Bed RoomPrice on Weekday: INR 5,397Price on Weekend: INR 3,099
Superior King Bed RoomPrice on Weekday: INR 6,974Price on Weekend: INR 5,274
LUXURY ROOM with Twin King/BedPrice on Weekday: INR 4,500Price on Weekend: INR 4,000
LUXURY ROOM with Twin King/BedPrice on Weekday: INR 7,000Price on Weekend: INR 6,000
Promotion• Vivanta by Taj does not carry out its promotions through hoardings and advertising on Televisions
•The promotions for consumer awareness are carried out under the Taj brand itself
•Attracting consumers to the hotels is done through various promotional discount packages it offers on its website, such as –• Discounts if the guests stays for more than 3 nights• Hotel Credits• Suite savers• Early Bird Rates• Weekend Offers• Taj Holiday Packages
Segmentation•Vivanta by Taj is a 5-star hospitality brand positioned in the upper-upscale segment after Taj luxury Hotels
•It also majorly targets corporate sectors and institutions for tie-ups for their business visits
References
www.vivantabytaj.com
www.Tajhotels.com
www.hotels.com
https://park-hyderabad.reztrip.com
http://www.lemontreehotels.com/
http://www.novotel.com/
http://hyderabad.hyatthotels.hyatt.com/
Company Annual Reports
GMID Database