The Ritz-Carlton Hotel Company, L.L.C.is the parent company to theluxury hotelchain, The Ritz-Carlton Hotels.
The current company was founded in 1983, when the previous owners sold the brand name to create The Ritz-Carlton Hotel Company, L.L.C., based inBoston,Massachusetts, which expanded the brand to other locations.
Ritz-Carltonoperates 87luxuryhotelsandresortsin major cities and resorts in 29 countries and territories.The hotel company is today a subsidiary ofMarriott International.
THE HISTORY OF RITZ-CARLTONThe story of The Ritz-Carlton begins withSwisshotelierCsar Ritzwho was well known in the hotel industry as the "king of hoteliers and hotelier to kings".
Ritz redefined luxury accommodation in Europe with his management ofThe Ritzin Paris and theCarlton Hotelin London, among others.
After Cesar Ritz died in 1918, his wife Marie continued the expansion of hotels bearing his name.
Several Ritz-Carlton Hotels were built in the North America in the early 20th century.
In 1983, Former CEO William B. Johnson acquired the rights to the name made famous by Swiss hotelier Cesar Ritz.
Today, it is part of hotel giant Marriott International, which operating under that companys luxury segment.
THE CREDO WE ARE LADIES AND GENTLEMEN SERVING LADIES AND GENTLEMEN. .
THREE STEPS OF SERVICEA warm and sincere greeting always using the guests name .
Anticipation and fulfilment of each guests needs.
Give a warm good-bye and use the guests name.
In less than 3 decades, The Ritz- Carlton has grown from 4 locations to over 70 and has earned two Malcolm Baldrige Quality awards.
BUT HOW DOES RITZ-CARLTON MATCH UP TO COMPETITIVE HOTELS ?
WHAT ARE THE KEY DIFFERENCES ?
TANGIBILIZING THE INTANGIBLESRitz-Carlton have effectively tangebilized the intangible.
They have earned peoples trust through their excellent service and state of the art infrastructure thus actively exceeding the expectations of the guests in that competitive set.
They taketime to ensure their staff is well trained and therefore reduces turnover, this helps the morale of the staff and offers opportunities for them to move up within the organization.
Their logo symbolises strength, royalty and enthusiasm.
VARIABILITYServices are highly variable because the quality of services depend on who provides them, when and where , and to whom .
Ritz-Carlton employs three steps to reduce consumers perceptions of risk
EMPLOYEE TRAINING - 3 Steps of Service and 12 Service Values.
STANDARDISATION OF SERVICE PERFORMANCE PROCESS -
~ All managers carry a laminated card which states the 12 service values. ~ All the employees of The Ritz- Carlton are told the same WOW story.
MONITORING CONSUMER SATISFACTION -
~ Gallup phone interviews Both the functional and emotional questions asked. ~ Functional questions ask How was the meal? Was your bedroom clean? ~ Emotional questions uncover a sense of customers well-being .
The Ritz Carlton uses these findings and such day-to-day experiences to continually enhance and improve the experience for the guests.
MARKETING EXCELLENCE EXTERNAL MARKETING - Basically describes normal work of pricing, distribution and promotion of services of Ritz Carlton .
Describes training and motivating employees to serve customers well . Here in this case WOW stories took centre stage for Ritz-Carlton .
describes the the employees skill in serving the client. Clients judge service not only by its technical quality but also by its functional quality.
THE IMPORTANCE OF WOW STORIES
EMPLOYEE MOTIVATIONA daily 15 minute line-up to resolve issues and for narration of WOW stories.
During this time , managers touch base with their employees , resolving problems and spending the remaining time reading out these wow stories to every single employee around the world .
These true stories recognize an employee for his or her outstanding customer service.
CUSTOMER SATISFACTIONThe Ritz-Carlton primarily aims at customer satisfaction.
They take pride in its heritage and deliverability .
They believe the words in their credo and so they guide their employees as well, to deliver with the same level of passion and enthusiasm .
RECAPBackgroundThe History of Ritz-CarltonThe CredoThree Steps Of ServiceHow Does The Ritz-Carlton match up to its competitive hotels? What are the key differences? ~ tangibilizing the intangibles ~ variability - employee training - standardisation of service performance process - monitoring consumer satisfaction ~ marketing excellence - external marketing - internal marketing - interactive marketing
The importance of wow stories ~ employee motivation ~ customer satisfaction ~ wow campaign
DISCLAIMERThese slides were created by Gairik Ray , under the guidance of Prof. Sameer Mathur , during a marketing internship mentored by him.
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