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The Hotel Grande Bretagne’s Current Position in the International Market

Introduction

Hotel Grande Bretagne is a monument of style and luxury within the international hospitality industry. The laudable feature of the Hotel is that it renders exceptional client care, together with the characteristics of a perfectly comfortable room in its place in the Athens city center, Greece. The Hotel has obtained a unique status in the international community. The hospitality industry has undergone dramatic changes in consumer demand, technological development, and major market dynamics. Given this situation, the existing position of Hotel Grande Bretagne should be looked at. The objective of this analysis is to examine the present status of the Hotel, the hotel leadership approach, and the effectiveness of the personnel management system, suggesting ways to increase profits and ensure continuous development.

Current Position in the International Market

The Hotel holds the flagship place in the international luxury hotel market, especially within the European travel industry. The city is famous for its history, opulent services, and position, which makes it the landmark in the middle of Athens. The Hotel, being a member hotel of The Luxury Collection brand and operated under the Marriott International portfolio, has international recognition and access to a large travel community. The international prominence derives predominantly from its historical significance. Opened in 1874, it has hosted guests from all over the world, including Royalty, political leaders, and celebrities (Gkatsikou, 2018). This legacy confers an air of chic and cuts appeal to people looking for a genuine encounter that is rich in detail.

Also, the Hotel is near Syntagma Square, which enables easy access to major tourist destinations in Athens, such as the Acropolis, Plaka neighborhood, and shopping areas (Gkatsikou, 2018). This wonderful place pulls together international tourists who come for cultural purposes as well as for luxury. The Hotel Grande Bretagne is viewed as a brand symbolizing luxury and exclusivity. The beauty of the decor, service, and detail is the fulfillment of that promise of perfection, which equals the thirst of well-to-do tourists looking for the finest hospitality. A strong brand identity enables it to compete effectively in the international market, being distinct from other elite hotels.

Competition

Facing other equally famous hotels in Athens and the world, the Hotel Grande Bretagne is one of the leading international first-class hotels. In addition to upscale hotels like King George, a sister structure operated by Marriot International, and The Historical Controller, a class counterpart separated by the street, it also rivals locally. Also, the Four Seasons, Hilton, and InterContinental, as global luxury hotel chains, are established in Athens, adding another option to upscale travelers for pricey accommodation. Globally, Hotel Grande Bretagne is in fierce competition with other major cities’ top iconic luxury hotels, such as The Ritz-Carlton in Paris, The Plaza Hotel in New York City, and The Dorchester in London. The hotels boast luxury, customer service, and heritage elements. Thus, travelers are spoilt for choice when selecting accommodation facilities. The Hotel Grande Bretagne manages to stay competitive since it concentrates on maintaining the original concept of its unique character stemming from the Greek culture and history and improving its facilities and services to meet the changing requests of modern luxury travelers (Alvarez-Ferrer, Campa-Planas, and Gonzales-Bustos, 2018). Distinguishing themselves from the global luxury hotel industry over generations, their way of doing it is by offering personalized services, premium amenities, and beyond pure luxury hospitality.

Pricing

The Hotel adopts a dynamic adjustment pricing strategy intended to maximize revenue, hence being relevant in the luxury hotel market. The price of accommodation differs at the Hotel as per factors such as room category, season, patterns of demand, and special offers (Nair, 2019). The Hotel offers an array of room categories, from deluxe guestrooms to exquisite suites, priced depending on the luxury rating and the amenities provided. In peak seasons, that is, in summer, when Athens tourism is at its highest, Hotel Grande Bretagne room prices are raised to cope with the increased demand. Unlike this, throughout off-peak times, the Hotel offers promo prices or package deals to boost demand as well as participants. The Hotel offers special services and experiences such as spa packages, dining offers, and sightseeing tours, which permit guests to customize their stay by taking what they yearn for. These auxiliary services constitute an important part of the Hotel’s total revenue and provide guests with more value than just accommodation.

Marketing Efforts

Marketing is multifaceted and comprises various strategies that the Hotel Grande Bretagne uses to publicize the brand, attract new guests, and retain existing ones. As a hotel partner with The Luxury Collection and Marriott International, the Hotel adopts various marketing approaches to cater to the global elite national of the world. The Hotel broadly applies digital marketing in its promotional drives. Hotels on social media are actively constructing a presence on social media platforms such as Instagram, Facebook, and Twitter (Gkatsikou, 2018). The Hotel uses visually striking content, compelling stories, and targeted campaigns to highlight its luxurious amenities, unique experiences, and famous landmarks and stimulate the wanderlust.

Furthermore, Hotel Grande Bretagne conducts search engine optimization (SEO) and PPC advertising to enhance its presence in search engine results and be noticeable to travelers looking for high-end accommodations in Athens. The Hotel’s website is a major information spot through which guests have a chance to examine room choices, amenities, and offers before booking a room. Besides digital marketing, Hotel Grande is venturing into strategic alliances with luxury travel agencies, tour operators, and corporate clients to broaden its horizon and attract more luxurious guests. Creating hype and raising a brand on a global level via collaborations with influencers, celebrities, and media outlets are also funnels helping to carry out such a task (Nagle and Müller, 2017). The Hotel supports industry events, trade shows, and cultural initiatives, which are all aimed at portraying its Greek hospitality and heritage. The Hotel Grande Bretagne gets more and more associated with the elite events and organizations, which only cement its position as a cultural emissary and a favored destination of affluent travelers looking for an authentic Greek atmosphere.

Leadership Approach

The leadership and management style practiced by the Hotel Grande Bretagne towards its employees plays a critical part in the Hotel’s capacity to deliver quality service and maintain its image. It is at the core of determining the culture of the organization and the way people are managed. The first thing is that the Hotel’s leadership advocates for a customer-oriented strategy, where employees are given the freedom to put guests first. This leadership philosophy manifests in the hospitality group’s strong dedication to offering a tailored service with attention to detail during every encounter with a guest. Hotel leaders lead by example, explicitly showing that they expect all employees to meet high standards of service. The leadership mixes transformational and servant leadership styles, which are mostly successful in the hospitality industry. Transformational leadership targets inspiring and motivating employees to do their best, while servant leadership highlights attending to the needs of employees and enabling them to succeed (Liang et al., 2017). This way of thinking is probably incidentally reflected in how managers work with their colleagues.

Communication is vital in any organization, especially in the service industry, such as hospitality (Chang et al., 2023). Leadership encourages an environment of open communication and collaboration. Team members are highly motivated to communicate their thoughts and comments, which is an excellent way to promote a sense of belonging and involvement in the company. The said type of leadership enables workers to feel valued and respected for their input, hence building trust and morale among them. In addition, the senior management group also acknowledges the significance of investing in developing their people. They offer continued training and development programs for employees to improve the competencies and abilities necessary to provide outstanding service and advance their careers within the company. The employee development commitment is not only for the benefit of its team members but also for the collective talent pool and, eventually, the Hotel’s competitive advantage.

Personnel Motivation and Commitment

The Hotel is particularly successful in developing and retaining its staff through its diverse strategies and programs. It places top priority on performance excellence through reward and recognition. The employees who constantly perform extra well are given recognition and are rewarded in the form of different incentive programs to motivate them further, such as employee of the month or performance-related bonuses. Such an accomplishment also develops meritocracy within organizations (Huertas-Valdivia, Gallego-Burín, and Lloréns-Montes, 2019). The critical area of the Hotel in which they invest is the shaping of a favorable workplace culture that makes the employees feel appreciated, respected, and well-supported. Managers selflessly work with their teams, providing regular input, guidance, and mentoring aimed at empowering the employees to thrive in their roles. This environment creates bonding and loyalty among the team members, motivating them to perform more than usual to exceed guests’ expectations.

Additionally, Hotel Grande Bretagne has career advancement and development opportunities, which are powerful job motivators for its personnel. Staff continuous learning and development is one of our priorities. They are given courses and attend workshops and seminars to improve their knowledge. Besides, one more trend worth recognizing is the involvement of employees in self-actualization and the development of professional aptitudes, which also bring loyalty and commitment to the organization. The Hotel creates a spirit of teamwork and cooperation where employees are seen as parts of a bigger family, all working towards common goals. A variety of fun activities, social gatherings, and cross-functional projects are always held to promote teamwork and strengthen relationships among colleagues. Thus, this feeling brings the staff together and creates comradeship, making the employees work harder and loyal.

Effectiveness of Personnel Motivation and Commitment

The Hotel has been able to effectively motivate and inspire staff dedication, which is evident from various indicators, including employee retention rates, guest satisfaction scores, and organizational performance. The recognition and rewards system that the Hotel instituted acts as a critical motivator for the employees; they are spurred to keep on giving their best to ensure that the guests get exemplary service and are always satisfied. The Hotel’s leadership style, which emphasizes customer orientation, open lines of communication, and employee development, is the key to motivating and sustaining employees’ commitments.

Also, there is a strong focus on employee development and growth opportunities, which have led to a highly skilled and motivated workforce. Employees have the sense of initiative to take possession of their work and the hotel business. Thus, job satisfaction and commitment have risen. Therefore, it brings about better guest experiences and loyalty. Consequently, the Hotel’s reputation and business performance are being boosted. The Hotel’s prioritizing work-life balance and the well-being of employees has resulted in a positive organizational culture where staff feel supported and valued (Kim et al., 2020). This has a direct effect on employee morale and work output, which translates to the development of higher job satisfaction, hence low staff turnover rates and enhanced staff commitment levels. Consequently, the employees of the Hotel Grande Bretagne exude unwavering loyalty and commitment. Thus, the Hotel has been established as a leading luxury hospitality destination.

Improvements in Profit maximization and sustainable growth

For long-term sustainability and profitability, The Hotel Grande Bretagne can take advantage of different improvements focusing on global hospitality and tourism practices.

Sustainability Initiatives

Compatible with the worldwide movement towards sustainable tourism, The Hotel Grande Bretagne can adopt different environmental practices. This may involve energy reduction by utilization of energy-efficient appliances and renewable energy sources, water minimization by the use of low-flow fixtures and rainwater harvesting, and implementing ways to manage waste, like recycling and composting. In addition, the Hotel can order local and organic products for the restaurants and amenities, thus producing a positive social and environmental impact. Through the display of the Hotel’s sustainability commitment, it can attract planet-conscious travelers and become a socially responsible hotel-safeguarding society.

Targeted Marketing and Branding

To make the targeted marketing effective, bringing customers that can help increase profitability is necessary. Hotel Grande Bretagne should focus on brand identity reinforcement to become the choice of discerning guests looking for an up-market experience. Integration of the Hotel’s heritage, premium level of service, breathtaking views in marketing activities, social media interactions, and cooperative strategies developed by the luxury tour agencies provides an opportunity. Furthermore, personalized marketing, such as loyalty programs and special promotions for frequent visitors, can lead to repeat business and, hence, more profits.

Digital Transformation

The implementation of digital technology in hospitality management today is significant (Nikolskaya et al., 2018). Hotel Grande Bretagne has future investment options in digitalization, such as process automation, customer satisfaction, and efficient operations. This can be achieved by the adoption of a CRM system across the board to personalize guest interactions and enhance customer retention, deployment of mobile apps for seamless bookings and check-ins, and usage of data analytics to acquire insights into guest preferences and behavior. The Hotel can use social media and digital marketing channels to connect with its target customers and promote products that are aimed at increasing its market share.

Diversification of Offerings

In the hospitality industry, it is important to remain vigilant on the customer demands and tastes (Mohammed, Rashid, and Tahir, 2017). To appeal to more tourists and satisfy the changing consumer demands, the Hotel should expand the range of services beyond traditional accommodation. Apart from the tourism-centric ones, there could also be customized offers are made available to luxury-specific experiences for less-common niche segments like wellness retreats, or cultural immersion trips. Furthermore, the Hotel can also delve into collaborations with local tourism boards, event planners, craft art dealers, and other suppliers to create custom experiences for the guests.

Enhanced Guest Experience

Exceptional customer service is of utmost importance to the hospitality industry; The Hotel Grand Bretagne has to distinguish itself from others via a solid guest experience. This requires investing in staff training for all the staff to provide tailored personal service utilizing advanced technologies like chatbots or virtual concierge service to address immediate guest questions and concerns promptly and vigorously seek guest feedback to pinpoint areas of improvement. What is more, the Hotel can offer guests custom cultural and gastronomic opportunities such as cooking classes, art shows, and local music concerts to have uncommon experiences on this property.

Revenue Management Strategies

The Hotel can apply cutting-edge revenue management approaches to enhance its profitability by regulating rates and occupancy. The incorporation of such tools involves the deployment of data analytics and predictive modeling to anticipate demand and adjust prices by the prevailing market factors, including seasonality, market trends, and rival prices (Noone, Enz, and Glassmire, 2017). Moreover, the Hotel also uses upselling and cross-selling strategies to promote other services and facilities to the guests, such as room upgrades, spa treatments, or dining options. Via strategic revenue management, the Hotel can gain from the streams of revenue and achieve sustainability.

Spending on Infrastructure and Facilities

To gain a competitive advantage, the Hotel has to reinvest the money into the renovation of the infrastructure and the facilities as a part of the dynamic hospitality industry development. This encapsulates upgrading the guest rooms and public spaces in terms of a contemporary, upscale, and fresh ambiance, reviewing the technology system to ensure reliable connectivity and performance, and adding spa, gym, or meeting areas to meet the particular needs of guests. Furthermore, the Hotel can consider strategic partnerships or acquisitions that will give it a wider repertoire and broader reach, with possible penetration into new market segments such as boutique hotels or high-end resorts in nearby towns. The Hotel can add more value to itself and remain a leading hospitality destination through investment in infrastructure and facility upgrades (Nair, 2019).

Strategic Partnerships and Collaborations

Collaborating with local businesses and organizations could create a win-win situation for the Hotel, which can be profitably strategic and sustain development (Alvarez-Ferrer, Campa-Planas, and Gonzales-Bustos, 2018). This could entail cooperation with high-end retailers to offer private shopping opportunities for hotel guests, collaboration with cultural organizations to provide tailored tours and experiences, or maybe working together with eco-friendly brands to promote eco-friendly campaigns. The brand and contacts strategy helps to considerably raise guest satisfaction and also brings new revenue channels.

Conclusion

Overall, the Hotel Grande Bretagne is a salient signpost of luxury and hospitality mastery, not only in the international arena but also solely in the central part of Athens. Its historical legacy and worldwide partnerships with leading brands deliver exclusivity for global travelers who want the best in the hospitality industry. The coexistence of stability and change defines its competitive power, which is reflected in its pricing measures, marketing strategies, and emphasis on guest satisfaction in international first-class hotels. The leadership style of the hospitality organization makes possible the embedding and execution of a culture of service perfection and authority delegation, which act as motivating factors to their staff, thus turning them to be loyal and dedicated. Looking ahead, better sustainability initiatives, target marketing, digital innovations, diverse products, and revenue management hold the key to ensuring sustained profitability and growth. By routinely putting money into infrastructure, building strategic partnerships, and being fiercely committed to providing exceptional guest experiences, the Hotel Grande Bretagne is geared to preserve its enviable position as a premium hospitality destination in the global hotel industry.

References

Alvarez-Ferrer, A., Campa-Planas, F. and Gonzales-Bustos, J.P., 2018. Identification of the key factors for success in the hotel sector. Intangible Capital14(1), pp.74-98.

Chang, V., Liu, L., Xu, Q., Li, T. and Hsu, C.H., 2023. An improved model for sentiment analysis on luxury hotel review. Expert Systems40(2), p.e12580.

Gkatsikou, S., 2018. The Grande Bretagne Hotel has a strategy plan to address challenges up to 2021.

Huertas-Valdivia, I., Gallego-Burín, A.R. and Lloréns-Montes, F.J., 2019. Effects of different leadership styles on hospitality workers. Tourism management71, pp.402-420.

Kim, W.G., McGinley, S., Choi, H.M. and Agmapisarn, C., 2020. Hotels’ environmental leadership and employees’ organizational citizenship behavior. International Journal of Hospitality Management87, p.102375.

Liang, T.L., Chang, H.F., Ko, M.H. and Lin, C.W., 2017. Transformational leadership and employee voices in the hospitality industry. International Journal of Contemporary Hospitality Management29(1), pp.374-392.

Mohammed, A.A., Rashid, B.B. and Tahir, S.B., 2017. Customer relationship management and hotel performance: the mediating influence of marketing capabilities—evidence from the Malaysian hotel industry. Information Technology & Tourism17, pp.335-361.

Nagle, T.T. and Müller, G., 2017. The strategy and tactics of pricing: A guide to growing more profitably. Routledge.

Nair, G.K., 2019. Dynamics of pricing and non-pricing strategies, revenue management performance, and competitive advantage in the hotel industry. International journal of hospitality management82, pp.287-297.

Nikolskaya, E.Y., Kovaleva, N.I., Uspenskaya, M.E., Makshakova, N.I., Lysoivanenko, E.N. and Lebedev, K.A., 2018. Innovative quality improvements in hotel services.

Noone, B.M., Enz, C.A. and Glassmire, J., 2017. Total hotel revenue management: A strategic profit perspective.

Zhang, D. and Weatherford, L., 2017. Dynamic pricing for network revenue management: A new approach and application in the hotel industry. INFORMS journal on computing29(1), pp.18-35.

 

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