Bm expanding the marriott brand

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Expanding the Marriott Brand Submitted by: Navdeep Nainawat (PGP01010)

Transcript of Bm expanding the marriott brand

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Expanding the Marriott Brand

Submitted by:Navdeep Nainawat(PGP01010)

Agenda:Journey of MarriottBranding BriefBrand Potential and Brand Portfolio of MarriottBuilding of a strong BrandConclusion

99 years of history

Humble start in 1927Root Beer Stand

1927: A&W root beer franchise1928: Hot Shoppes were opened1937: Inflight airline catering1952: Hot Shoppes shares become public

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1969: Marriott goes international1972: Enters cruise business1983: First Courtyard Hotel1987: First Fairfield Inn & Marriott Suites hotel1987: Marriott acquires Residence Inn

1995: Historic brand brought to portfolio1997: Acquired Renaissance Hotel Group1997: Launces Town Place Suites2004: First Bvlgari property was opened

2012 & beyond: Mission to shape the future through technology and innovationsAcquired Gaylord Hotels2016: Acquired Starwood Hotels & Resorts

VisionTo be the number one hospitality company is the world

BoundariesHospitality

Brand Positioning: LuxuryStylishHigh Customer Satisfaction

BRAND PORTFOLIO: Includes all the brand offered by the firm in a product category. A good brand portfolio maximizes brand equity and one brand dose not harm equity of other.

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conclusionMarriott has used diversification across its brand portfolio to become the leader.Customer satisfaction is the priority for Marriott.Concept is flexible to be successful worldwide.Pricing for every target group.

disclaimer

Created by Navdeep Nainawat, IIM Sirmaur, as a part of Brand Management course taught by Prof. Sameer Mathur.