Brand Equity in Luxury Hotels | Research Proposal

Brand truth in Luxury Hotels Research ProposalIntroductionAt the present time, globalization which just means linking together the localities separated by distance is non an issue in hurt of communication, more e verywhere it brings together the world as lede (Scheuerman, 2010). The positives of globalisation do non limit itself to just convey the world together in terms of communication, tourism and cordial reception perseverance has also greatly benefited by this.India is considered one of the fastest growing countries in the world and becoming an attraction for the foreign holi solar daymaker. India hosted 6.58 million foreign phaeton in the course 2012, which was an increase by 4.3% comp ared to last socio-economic class. The foreign supplant earnings were a staggering $17.74 billion which was an increase of 7.15 compared to last year (India Tourism Statistics, 2012). The Indian government un It will not be incorrect to assume that India has been successful in cate ring the prefatorial requirements which a tourist looks for before planning their trip to a foreign country. These statistics make India one of the top tourist destinations. The basic requirements being variety of serviced accommodation to acquire from, adequate infrastructure, communication system, museum, art g solelyeries, restaurants, cafes, craft places, gardens, historic places and sports amenities. The tourism ministry of India was libertine to recognise the tourism market in India and has taken necessary steps to promote it. The Foreign Tourist Arrivals in India during the eighties and nineties lacked unity plainly since then it has seen steady growth. The early 2000 can be considered the trump years for tourism industry as they saw double name growth (India Tourism Statistics, 2012).This paper specifically focuses on the 5 star sumptuousness hotels air division of the hospitality industry of India. It is very important for the individuals complex in the operations of the hotel to know ab place the factors which might affect the challenger. In the warring setting, Brand Equity is believed to be the most important cling to generating asset to the organisation and its customers. Customers can benefit through Brand Equity as it would help them get a better understanding of the run provided by the mail which would eventually increase confidence and help them in making the buying decision. The organisation can benefit in terms of increasing profits, attracting new customers and retaining the loyal customers, having a competitive advantage over rivals (Aaker, 1991).Therefore, the report card is carried out to better understand the station integrity of soaring end luxury hotels in India and the link amidst dishonor impartiality and the post secure evaluation by the customers. This will provide a better understanding of distinguish right of the hotel which is just a lowly element of stigmatize asset. The post purchase evaluation by t he customers for the stag legality in hospitality industry will be say by analysing the already existing written texts. The projections given by the guests who earn already visited the hotel are used to read as their feedback and opinion would fling light on the major issues faced in terms of bell ringer equity during their stay.Hence, the conclusion of this paper would provide an insight of the several(predicate) brand equity elements, their features and the influence these elements can have on the day to day working of the hotel by the top management, the marketing team, operations team and everybody prudent for implementing the strategy. A successful brand strategy would give the hotel a competitive advantage over its existing market rivals.Problem StatementA brand can be called an important resource for value appendix to the organisation as it is used in the marketing strategy and view of the company in the market (Ghauri and Cateora, 2010). Brand equity is a combin ation of elements namely brand loyalty, brand awareness, brand association, perceived quality denoting the improve value of the brand as a whole. In case of hospitality industry, the focus is mainly on how the consumer perceives the hotel brand, this further improves chances of making more profit.The literary productions on brand equity have largely focused on the product aspect and not much study has been contributed to the service industry. Thus, literary works on brand equity for service industry manage hotels is very limited. This has attracted my attention and inspired me to study brand equity primarily rivet on the hospitality industry.As stated above, India has been successful in better its tourism and hospitality sector over the years. This has resulted in stiff argument amongst the hotel operators. To increase the rate of growth, the government helps and extends its support in almost all domains of the tourism industry. As an face, the governments initiative to impr ove the Indian tourism industry in afield market is the brochure support. The overseas offices help promote organisations who intend to promote special tours (Ministry of tourism, 2014). There are marketing development assistance schemes to promote Indian tourism abroad which is administered by the ministry of tourism, government of India to help hoteliers, travel agents, tour operators etc. The competition in the hospitality industry is intense in parts like Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Karnataka and Maharashtra which experienced maximum domestic tourist in the year 2012. The foreign tourist preferred Delhi, Mumbai (Maharashtra), Chennai (Tamil Nadu), Bangalore (Karnataka) and Kolkata (West Bengal) as their top 5 destinations in India (India Tourism Statistics, 2012).Furthermore, the intense in business competitions especially for phoebe bird stars luxury hotels are higher than other hotel with fewer stars rating. Normally, the higher stars rating hotel such as fi ve stars luxury hotel comes with the higher price of the offering. However, the competition is not only based on the price and promotion concern but also the uniqueness of the hotel brand. In addition, the emerging of new comer hotels in Bangkok area can also be the supporting evidence, for example Starwood St. Regis, W hotel, Four Points by Sheraton (Starwood, 2010).As a result, brand equity can play an important role in increasing the boilers suit profit of the hotel and the people responsible for operating the day to day function of the hotel need to realize this. The elements of brand equity needs to be canvass in terms of the hospitality industry, this would help understand the role of brand equity in hospitality industry. This paper primarily focuses on the five star luxury segment of the hotels in India. This paper is based on the comments and feedback of the guests who have visited the chosen hotels which are then linked with the elements of brand equity. procedure of Stu dyThe main motive of this study is to understand brand equity and elements in terms of the hospitality industry in India considering the post purchase evaluation of the customers who have visited the hotel. The research also aims to find the link between the elements of brand equity and the comments and feedback of these customers after their purchase. Moreover, the objective of this study is to find the mulish effects of brand equity. By the end of this research, I intend to suggest some articulated surmisal of brand equity in hospitality industry for future studies.Research QuestionsThe research question has been framed on the basis of the background of the paper chosen and the problem statement to sue the objective of this researchWhat are the features of brand equity of high-end (5 Stars) luxury hotels in India?Which elements of brand equity do most of the customers perceive for evaluation? thesis OutlineThe first chapter gives a brief about the research topic on evaluation of post purchase behaviour on brand equity for hospitality industry in India. This is further explained by excogitation the problem statement and research topic to specify the grade of the study with the focus only on five star luxury hotels in India.Chapter two includes the literature recap. This is done by investigating the literature getable in physical format and those available on the internet. The literature review explains branding and the various aspects of brand equity to give a basic understanding about brand equity. This will be followed by brand equity in hospitality (service) industry, buying decision of customers, electronic expression of mouth and evaluation of customers after use the hotel (post-purchase).Along with this literature, a framework has been intentional to give a better understanding of the research which includes the idea of brand equity.Chapter three begins by explaining in the research methodology, how the topic was chosen. This is followed by a discussion on the methodologies used in the research design. Qualitative and quantifiable approach were used for this study. Qualitative approach was done by carrying out content summary using a specific set of measurements. denary approach was used to present the findings and the results. The process of collecting data, the use of tributary data like the feedback of hotels from customers, text and other articles on brand equity are discussed in this section. This section continuous with further explaining the limitations of this study and the sampling design in context of the total volume considered and the time extremity observed for the data collection. This is commenced by highlighting the validity and the reliability of the study.The fourthly chapter presents the findings from the collected data from the website tripadvisor.com for feedback from the guests who have visited the hotels. The main aim for this exercise is to analyse and interpret this data and then divide t hem in terms of the different components of brand equity or the set of measurements. The results are explained by using the quantitative approach by denoting them in terms of percentage of each component and sub component of brand equity.The fifth chapter analyses the findings and discusses the results and a relation is made with the earlier studies on brand equity and hospitality industry. This section is concluded by analysing each brand equity category and proposing the hypothesis on brand equity for hotel.The sixth chapter concludes the research by explaining the results obtained from findings and analysis in the previous chapter. This section also answers the research questions for the study.The seventh and the closing chapter recommends on the real-world effects of the results obtained from this research. This paper is concluded by proposing a path for the future study centred on the hypotheses.