Rosewood Case 1. Make an overview of the pros and cons of the tow different branding strategies (i.e.‚ individual branding and corporate branding) 1) Individual branding: - Each hotel and resort featured architectural details‚ interiors and culinary concepts that reflected local character and culture and defined Rosewood’s ‘Sense of a Place’ (each of the properties seeks to capture what is unique about the given location). - Some degree of flexibility and creativity
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Rosewood Hotels & Resorts: Branding to increase profitability and lifetime value BACKGROUND Rosewood Hotels and Resorts is a private hotel management company established in 1979 by the Caroline Rose Hunt Trust Estate. It is a well known company in the luxury hotels market which owns 17 iconic properties in 7 different countries (http://www.rosewoodhotels.com/en/the_company/). The first hotel was The Mansion on Turtle Creek in Dallas; afterwards the company expanded its “collection of unique
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Marketing 741 SECTION 1 Executive Summary Rosewood is battling with a ‘brand identity’ crisis. While it has maintained a low-key brand image till date (by adopting the individual brand strategy)‚ the potential of a ‘corporate brand recognition’ in a long run seems alluring. Based on the customer life time value analysis‚ customer perception analysis‚ and after analyzing customer needs‚ we recommend the following: 1. Rosewood should adopt the corporate brand strategy through a ‘smooth transition’-
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Problem Statement Rosewood Hotels currently has 12 iconic luxury hotels worldwide with a total of 1‚513 room capacity. Each property thrives on its own name and the corporate brand name‚ Rosewood‚ has been muted to preserve the distinctiveness of each individually branded hotel. Rosewood faces competition from corporate branded giants e.g. Ritz-Carlton‚ Four Seasons etc who follow “canned and cookie cutter” approach of maintaining a consistency across all hotels. Rosewood’s management believed that
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Luxury hotel segment is getting more competitive. Rosewood Hotels & Resorts have been competing in this segment more than 25 years with its distinctive individual hotel brands. On the contrary‚ guests want to see one unique brand‚ same quality and service at every hotel that they stay under one corporate brand name. One corporate brand strategy help companies increase their retention rate‚ make multi-cross selling and have loyal repeat buyers. Guests also tend to tie the brand of hotels that they
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Rosewood Hotels and Resorts is considering a new brand strategy in an attempt to increase their multi property guest stays‚ revenues and cross selling rates. However‚ the company needs to do so without the expense of possibly diminishing the powerful brand image and strategy of their existing properties. Rosewood has built a customer value proposition on a core set of philosophies‚ as well as‚ strategic and marketing plans designed to create their unique competitive advantage through differentiation
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AND IT’S CORPORATE GOVERANCE Hilton Hotels and Resorts is an international chain of full service hotels and resorts and it’s a flagship brand of Hilton Worldwide. The original company was founded by Conrad Hilton and is now owned by Hilton Worldwide. Hilton hotels are owned‚ managed‚ or franchised to independent operators by Hilton Worldwide. Hilton Hotels became the first coast-to-coast hotel chain of the United States in 1943. As of 2013‚ there are now over 540 Hilton branded hotels across the
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Brand Equity ‐ managing by marketing metrics There are several stakeholders concerned with brand equity‚ such as the firm‚ the customer‚ the distribution channels‚ media and other stakeholders like the financial markets and analysts‚ depending on the type of company ownership. But ultimately it is the customer who is the most critical component in defining brand equity as it is his/her choices that determine the success or failure of the company and the brand. Customer knowledge about the brand
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SPREADSHIT Without With Rosewood Rosewood Corporate Branding (2003) Branding Total Number of Unique Guests Average Daily Spend Number of Days Average Guest Stays Average Gross Margin per Room Average Number of Visits per Year per Guest Average Marketing Expense per Guest (systemwide) Average New Guest Acquisition Expense (systemwide) Total Number of Repeat Guests Of which: Total Number of Multiproperty Stay Guests Additional Marketing Costs Required per Year with branding $ 115‚000 750.00 $ 2.0 32%
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The movie Rosewood had a lot of impact on black and white people throughout the century. Rosewood stems from a small town located in central Florida. It co-existed with 120 people‚ mostly blacks who owned and farmed the surrounding land. On New Year’s Day of that year‚ Fanny Taylor‚ a white woman in the nearby predominantly white town of Sumner‚ ran out of her house screaming‚ bruised and battered‚ claiming that a black man had assaulted her. In fact‚ the beating had been at the hands of her white
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