Vacation Rentals Market in China: Vacation rental websites are growing in popularity among travelers all over the world as they seek out cheaper alternatives to hotels. Property owners also gain a new source of income. The Chinese vacation rental market is in its infancy relative to other developed markets such as US. However, the Chinese market is crowded for this crowd-sourced short-term lodging in citizens ' homes and apartments as more than 10 rental websites already operating in the region. Chinese entrepreneurs are known for their abilities to clone fast and clone well. Homegrown, Airbnb clones started to emerge in late 2011 due to very low barriers of entry especially with few website developers (such as BistroStays, Claydip) offering …show more content…
It has been chasing local competitors in the region, primarily in Southeast Asia. Recently, they have completed an Asian expansion, opening operations in Thailand, Malaysia and the Philippines. However, the focus remains on incoming Western travelers, with the site mainly operating in English. Listing on Airbnb website is free, however, Airbnb charges a 3% fee to the property owners for all bookings and 6-12% of the booking price to renters. Tujia.com: Tujia is the main competitor for Airbnb as it has strong presence in the Chinese market and also have listings overseas. Tujia has more than 80,000 properties listed in about 130 Chinese cities . It has also added over 2,000 overseas listings, in over 60 destinations , in conjunction with its American co-investor HomeAway, a similar property-rental website in the U.S. Tujia has attracted interest and funds from China’s biggest online travel company, Ctrip, among other Chinese investors5. Tujia’s rental revenue exceeded 100 million Yuan last year . Tujia take a 10% rental commission on listed Chinese properties it doesn’t actively manage, as well as those posted by overseas
She argued that Gree needs innovation and diversification to move to a higher level. Dong Mingzhu mentioned that a firm should not only focus on getting itself used to the times and reaching market demand, but also creating and seeking customers’ need that are unknown by consumer themselves (CE China Daily, 2017). As we know, at the beginning Gree only had the air condition products, for now they have variety of small appliances, smart appliances, and their products also cover smart phones even they want to try new energy vehicles. However, the board of Gree rejected integration plan of Yinlong which is an important step of Dong Mingzhu to go to new energy vehicles market, she purchased stock right of Yin Long with one billion RMB as individual to hold on her mind of innovation and diversification. “Chinese companies should focus on innovation which is driving role of Chinese economy because only innovation can create real value”, said by Dong Mingzhu in an interview, “many companies just copy other’s ideas, but I think the pioneers should have social responsibility at the mission to innovate products (New China TV,
In 1919, Company founder, Conrad Hilton, purchased his first hotel in Cisco, Texas. Since that time, Hilton Worldwide has become a worldwide operator, franchisor, and licensor of hotels and timeshare properties in more than 91 countries. In nearly 100 years of existence, the Company now finds itself as one of the largest and fastest growing hospitality companies with over 4,115 properties and 678,630 rooms. With a commitment to high quality and customer satisfaction, the company has established a portfolio of 10 world-class brands including the most recognizable hotel brand in the world, the company’s flagship full-service Hilton Hotels & Resorts brand. Its premier brand portfolio includes the luxury hotel brands, Waldorf Astoria Hotels & Resorts and Conrad Hotels & Resorts, full-service hotel brands, DoubleTree by Hilton and Embassy Suites Hotels, focus-based hotel brands, Hilton Garden Inn, Hampton Inn, Homewood Suites by Hilton and Home2 Suites by Hilton, and the company’s timeshare brand, Hilton Grand Vacations. Hilton operated properties are staffed with more the 314,000 team members focused on providing a complete experience at each location. The company’s award-wining customer program, Hilton Honors, defined rewards programs in the industry and now has over 40 million members (Hilton Worldwide).
My paper analyzes the IS/IT (Information Systems based on Information Technologies) of hotel units integrated in a group, using a literature and a case study which examines how the information technology of the ERP type are applied in the hotel units along with its limitations and its advantages.
Each year, America’s travel and tourism industry generates approximately $1.5 trillion dollars in economic output, or about 2.6% of the country’s gross domestic product (Select USA, 2016). Nearly 20% of this economic activity is directly related to accommodations, which serve the short term lodging needs of pleasure and business travelers. Unlike other American economic sectors, this lodging industry is a highly fragmented, diversified market with an incredible variety of suppliers. Temporary overnight lodging can range from undeveloped campsites, hostels, and capsule hotels all the way up to mansions and incredibly luxurious five store hotels. Price ranges run the gamut from just a few dollars a night to thousands of
According to the World Luxury Association, China is the world’s second largest luxury market only surpassed by Japan. With 1.3 billion consumers and double-digit growth rates, Chinese consumers were responsible for 1...
...oes not dominate the entire market. The Chinese market is so large that even an e-commerce giant like Alibaba is unable to capture the entire market. Here are some other players who are in the market as well:
This company provides accommodation facilities with hospitality for people who come from other areas but this is not a hotel service. This is called first unhotel hospitality product which enable guest to live like locally by experiencing luxury facilities. This concept has gone beyond the hotel service and it is called as vacation home. This great business concept was created in 2009 on the mind of Grey Marsh who is the CEO of this company. They are keeping their relationships with two parties to be success in their business and to make high profit in the market place. In here, they provide their service to typical high market home owners by giving the opportunity to let them out their home for people while the home is
Alibaba is a large online and mobile marketplace for consumers, suppliers, and investors. The firm’s mission is “to make it easy to do business anywhere” (Alibaba Group, 2016, para.1). This is done by providing technology and services to aid consumers, suppliers, and other participants to conduct trade globally (Alibaba Group, 2016,
The company Established in Hong Kong in 1963, Mandarin Oriental Hotel Group is. international hotel investment and management group operating ten hotels in the Asia-Pacific region. The company manages each of these. hotels and has significant ownership interests in all but Mandarin. Oriental, San Francisco and the Phuket Yacht Club Hotel and Beach.
It plans to make its foray into the world’s second-largest economy China in December, where it will open a restaurant in the capital of Beijing. It has also unveiled its ambitions to open a further 76 restaurants in markets such as Kazakhstan, Qatar and Oman.
The firm to be addressed in this case is Travelodge. It is a franchise firm which was founded by Scott king in the year 1939 and later began franchising in the year 1966. It offers exceptionally high quality products and services. In addition to its services, it is committed in its work, enabling it to acquire world-class attention and everybody interested to know more about it and also experience its services and products. Travelodge has grown at a very alarming rate, and it is in this view that we are interested to know more about it.
Mandarin Oriental Hotel Group is a luxury hotel line which owns and manages hotels and residences (linkedin.com, n.d.). They currently have 45 hotels and 15 residences and are steadily continuing to grow (Mandarinoriental.com, n.d.).
Position: Google wants to acquire “.cn” as soon as possible before firms from other countries step in.
Moreover, the InterContinental Hotels & Resorts is considered the first international hotel brand in the world, as it began operations in the year 1946 (About InterContinental Hotels Group Brands, 2015). Over time the hotel group has evolved to encompass quality hotel rooms not only in North America, but in Central and South America, Europe, the Middle East, Africa, Australia, and Asia-Pacific (IHG – InterContinental Hotels Group, 2015). In addition, they have acquired extended stay facilities and the Hualuxe Hotels & Resorts, which specifically “celebrates the essence of Chinese hospitality” (About InterContinental Hotels Group Brands, 2015). In my opinion, this shows that their target market has changed by expanding their scope of travel, which means they are traveling to farther and farther locations and require the familiar surroundings with equivalent product quality at the final destination. The InterContinental Hotels Group is in the fourth and final stage of the product life cycle, which is the decline stage (Editorial Board, 2014, p. 212). Indeed, the brands lengthy history indicates it has loyal customers, but its addition of innovations indicates the targeting of new customers for the organization, which are clear signs of a business in the decline stage of the product life cycle (Editorial Board, 2014, p.
Tupperware Corporation, a $1.1 billion multination company, is one of the worlds leading direct selling companies, with nearly one million independent sales people bringing Tupperware's product to life in more than 100 companies. They continue to introduce new designs and colors in its product lines, and to extend existing products into new markets around the world. The product, which is primarily designed as a food storage and preservation, has expanded into serving products, microwave and over cookware, and children's toys.