ood hotels ensure customer loyalty.
Weaknesses
• The company primarily focuses on domestic market and depends upon the business from local market of US.
• During the economic decline Starwood Hotels & Resorts face problems for its high price luxury brands.
Opportunities
• New emerging markets like China and India provide vast opportunities for expansion of resort business.
• New trends in market such as vacation ownership offers new options in business.
• With advent of digitized media in every field of business, it has become new way of generating revenues for company.
• As economic recession worldwide has decreased the spending power of customer, therefore, people are always looking for discount packages that can provide chance for hotel business to flourish with holiday packages.
• Company of Starwood hotels & resorts has opportunity for business with diverse target market.
Threats
• Starwood hotels & resorts compete with rivals that include Wyndham Worldwide, Marriott international and Inter-Continental Hotels.
• Constantly changing political scenarios in different parts of world like India can affect the business of hotels and resorts.
• New business markets offer strong competition for new business.
• The income level of customers is easily affected by varying business and economic conditions. Due to this reason consumers are also lacking confidence in local markets such as US. This also reduces the luxury spending of customers that also influence the business of company.
• Cost of travelling is also varying continuously by factors like political instability, rising prices of fuel, terrorist activities and other economic issues.
• Trend of short term travelling is decreasing all over the world. This trend can also reduce revenue of company due to inability of customers to spend more. This situation also result in reduce investment of hotel owners and other financial institutes in business of hotels and resorts.
References
• Financial report by yahoo finance http://finance.yahoo.com/news/starwood-tops-raises-dividend-131920271.html Published 25 October, 2012. Retrieved 5th November, 2012.
• Official website of company http://www.starwoodhotels.com/ Retrieved 5th November, 2012.
• News of company by official website http://www.starwoodhotels.com/corporate/about/investor/news.html. Retrieved 5th November, 2012.
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THIS ENTRY WAS POSTED ON SUNDAY, NOVEMBER 25TH, 2012 AT 6:43 AM AND IS FILED UNDER HOTELS & RESORTS. YOU CAN FOLLOW ANY RESPONSES TO THIS ENTRY THROUGH THE RSS 2.0 FEED. YOU CAN LEAVE A RESPONSE, OR TRACKBACK FROM YOUR OWN SITE.
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ood hotels ensure customer loyalty.
Weaknesses
• The company primarily focuses on domestic market and depends upon the business from local market of US.
• During the economic decline Starwood Hotels & Resorts face problems for its high price luxury brands.
Opportunities
• New emerging markets like China and India provide vast opportunities for expansion of resort business.
• New trends in market such as vacation ownership offers new options in business.
• With advent of digitized media in every field of business, it has become new way of generating revenues for company.
• As economic recession worldwide has decreased the spending power of customer, therefore, people are always looking for discount packages that can provide chance for hotel business to flourish with holiday packages.
• Company of Starwood hotels & resorts has opportunity for business with diverse target market.
Threats
• Starwood hotels & resorts compete with rivals that include Wyndham Worldwide, Marriott international and Inter-Continental Hotels.
• Constantly changing political scenarios in different parts of world like India can affect the business of hotels and resorts.
• New business markets offer strong competition for new business.
• The income level of customers is easily affected by varying business and economic conditions. Due to this reason consumers are also lacking confidence in local markets such as US. This also reduces the luxury spending of customers that also influence the business of company.
• Cost of travelling is also varying continuously by factors like political instability, rising prices of fuel, terrorist activities and other economic issues.
• Trend of short term travelling is decreasing all over the world. This trend can also reduce revenue of company due to inability of customers to spend more. This situation also result in reduce investment of hotel owners and other financial institutes in business of hotels and resorts.
References
• Financial report by yahoo finance http://finance.yahoo.com/news/starwood-tops-raises-dividend-131920271.html Published 25 October, 2012. Retrieved 5th November, 2012.
• Official website of company http://www.starwoodhotels.com/ Retrieved 5th November, 2012.
• News of company by official website http://www.starwoodhotels.com/corporate/about/investor/news.html. Retrieved 5th November, 2012.
Bookmark It
Add to Buzz Add to Del.icio.us Add to digg Add to Facebook Add to Google Bookmarks Add to Mister Wong Add to Netscape Add to reddit Add to Stumble Upon Add to Technorati Add to Tip'd Add to Twitter Add to Yahoo My Web
You May Like
×
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Glispa
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THIS ENTRY WAS POSTED ON SUNDAY, NOVEMBER 25TH, 2012 AT 6:43 AM AND IS FILED UNDER HOTELS & RESORTS. YOU CAN FOLLOW ANY RESPONSES TO THIS ENTRY THROUGH THE RSS 2.0 FEED. YOU CAN LEAVE A RESPONSE, OR TRACKBACK FROM YOUR OWN SITE.
Post a Comment
Name (required)
Mail (will not be published) (required)
Website
FREE SWOT ANALYSIS
Search SWOT
Categories
Aerospace & Airline
Apparel
Automobile
Banking & Financial
Business Services
Commercial Printing
Conglomerate
Construction
Consulting
Consumer Goods
Country
Courier
Dairy
Digital Imaging
Distribution
Electronic
Electronic Commerce
Energy
Engineering and Construction
Entertainment
Fast Food
Food & Agriculture
Health & Pharmaceutical
Hotels & Resorts
Information Technology
Manufacturing
Media
Metals
Newspaper
Oil & Gas
Pulp & Paper
Real Estate
Restaurant
Retailing
Social Networking
Soft Drink & Beverage
Telecommunication
Transportation
Video Games
Video Rental
Wholesale & Distributor
Links
Dzine Magazine
Marketing Mixx
MBA Tutorials
Sooper Tutorials
Windows7teacher
Meta
Log in
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