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Strategic Analysis Summer 2012 Renaissance Ft. Lauderdale plantation. Shawneen Chisholm Jasinet Coble Janelle Hackett Brad Meaney Craig Wright. Co Alignment Model. Core Competencies. Remote Environment. Ecological.
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Strategic Analysis Summer 2012Renaissance Ft. Lauderdale plantation Shawneen Chisholm Jasinet Coble Janelle Hackett Brad Meaney Craig Wright
Co Alignment Model Core Competencies
Ecological • Energy consumption - rate of energy usage or the total amount of energy used over a specified period In 2012, 6.2 million barrels per day In 2012, $3.71 per gallon In 2013, $3.67 per gallon In 2013, 6.4 million barrel per day 21% lower than in 2010 compare to 2011 By 2040, oil and natural gas 60% of global demand
Ecological • Forces affecting Energy Consumption This will require trillions of dollars in investment and advances in energy technology. Population 30% higher in 2040 transportation will rise by nearly 45% from 2010 to 2040 Transportation
Economic Currency • The dollar faces a growing challenge in its long-standing role as the world's dominant reserve currency from the Chinese Yuan
Socio-Cultural How many billions of dollars in sales will companies generate via social commerce by 2015? $30 BILLION
Technological • 51.8% of internet users in 2013 will use social media for decision making Revenues – Increase 24%
Geographic Market Area United States 70%- Florida, New England Area, and Midwest Latin America 30%- Brazil Travel over 2,000 miles
Buying Groups • Online Travel Agency (OTA)is an online self-booking website that sells on services such as hotel rooms, car rentals, and cruise line tickets to customers 50% of leisure trips and 40% of business trips are booked online In 2011, USA generated $93 billion in revenue in online travel In 2010, travel online booking generated $256 billion globally
Regulators 2011 – 5,000 of 300,000 public pools and spas compliant 1.7%
Suppliers Electricity
Suppliers Linen
Suppliers Food and Beverage
Competitive Method: Runtriz http://www.youtube.com/watch?v=EvkaSkP_L0Q&feature=colike
Competitive Method: Runtriz How people are currently using smartphones ? 75 million By 2015, what percentage of mobile payments transactions will occur? 40% What is the percentage of hotels that plan to offer programs for mobile devices? 47%
Runtriz Hotel Evolution Applications • Benefits produced by competitive method to guest
Competitive Method: Runtriz How much will sales increase when customers are given the opportunity to order products/service via touchscreen?? 15-30%
Cause and Effect • iPad Users • 30% of travelers • 25 million units • Forecasted Sales – • 232 Million units by 2016
Cause and Effect Meeting Space Availability and Rooms revenues for 2011 $2.14M • Meeting Space Companion with iPad • Meeting Space Rev • $386K • 2013 -> $2.5M
Cause and Effect • Concierge = Navigator • Navigator • for Concierge use mainly • Guest prohibited Space • iPad Navigator • Improved Customer Experience • Increased Customer Retention • Annual Room Night increase 900
Assumptions What is the overall cost to implement 13 iPads into a hotel? TAXES iPad Product $5,685 Docking Station Mount iPad Wall Mount
Assumptions How much ($) room revenue can be generated the first year from implementing iPads into the hotel concierge? Annual Room Nights Increase 900 ADR = $121 $108,922
Assumptions By how much percent, do you think the Meeting Space Companion can increase meeting space rental revenues in year 1? 18%
Cost – revenue - profit iPad Navigator and Meeting Space Companion Recap Revenue = $1.62M Cost =$5,685 TOTAL PROFIT = $1.61M Profit =$1.61M
Core Competencies • Food and Beverage- Bin 595 Restaurant • Quality Control- Guest Service Standards • Structural Development- Overall Appearance