Our hotel/company: Four seasons Hotel/ Toronto Downtown

Our 2 competitors: Shangri-la and Ritz-Carlton/ Toronto Downtown

Assignment:

The Revenue Manager’s job has become even more complex today with the increased use of the internet by consumers to search for vacation packages, hotel rooms and of course the best value in rates. This also requires the revenue team to ensure it’s rates are up to date based on supply and demand in the marketplace, forecasts, their hotel’s position in their competitive set, changing economic variables, marketplace conditions and what the competition is doing in response to all of this as well.

Introduction – 5 marks Why this revenue management analysis is important to the revenue management program of your chosen hotel. How you conducted your research and any limitations to your research that would affect the results.

Part 1 – The Research (35 marks)

1. Pick a hotel which is part of a hotel chain (your “selected hotel”) and two primary competitors (6 marks). This must be submitted in Week 9 for approval as well as being part of your report.

2. What is the competitive advantage for your “selected” hotel over its competitors. (2 marks)

3. Design a SWOT analysis (4 main points under each of S,W,O,T) for each of the 3 hotels above. (12 marks)

4. Check rates for each of the 3 hotels for a leisure customer traveling on: (15 marks)

· A weekend (Friday and Saturday night stay)

· 2 consecutive nights – weekdays (Dec. 2019)

· 2 consecutive nights during March 2019 (if applicable to the demand in your market. You need to determine when March break is for your market). Or another high demand period

*your leisure customer may be a family, group of students, a couple – your choice. It must be the same customer profile for each hotel. Ask for the best available rate.

· Rates must be checked at the same time for each hotel for comparison purposes. Record the date and time when you checked the rates. This should be reflected on your spreadsheet of results.

i.e. Rates were checked on Nov. 5th for a possible booking for the dates of November 25th and 26th.

· The rates should be checked in a minimum of the following FIVE distribution channels.

· Call hotel reservation number. This may be the hotel directly or the 800 number for a chain. Make sure you identify which one.

· Check the hotel website.

· Check Three (3) applicable 3rd party booking sites (i.e. expedia, booking.com etc.)

· You will need to print a screen shot of each rate that you find on the internet for each time period.it is a project so I will attach it