Preview

JM MAGPOC

Satisfactory Essays
Open Document
Open Document
361 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
JM MAGPOC
Title Page
Asia Pacific College of Advance Studies

The Role of Customer Relationship Management on Marketability of Hotels

BS HRM-III
John Marc Magpoc
Sir Joey Lopez

Approval Sheet

This Research entitled “The Role of Customer Relationship Management on Marketability of Hotels” prepared and submitted by John Marc Magpoc in fulfillments of the requirments in Methods of Research for HRM has been examined and is recommended for approval and acceptance.

Mr. Joey Lopez
Instructor

Abstract

The purpose of this research is to identify The Role of Customer Relationship Management on Marketability of Hotels. Customer Relationship Management, or CRM, has many perspectives and definitions that illustrate its fundamental thrust, that of trying to present a holistic strategy for managing customer relationships by getting to know the customers and their needs better, communicating with them more effectively and trying to fulfil these needs.
The research presented in this dissertation attempts to examine the role of CRM for the hotel.

ACKNOWLEDGEMENTS

I am indebted to the following people for their help and support:

Chapter 1: THE INTRODUCTION

The Customer Relationship Management (CRM) had become an importance topic for both academicians and business people. There are many existing academic literature of customer relationship management, which mostly not provided a clear indication of what specifically constitutes CRM process. It had been accepted that Customer Relationship Management (CRM) is to enable organizations to better serve its customers through the introduction of reliable processes and procedures for interacting with hotel customers. Nowaday competitive business environment, only installing and integrating a software package designed to support CRM processes cannot implement a successful CRM strategy. CRM is the business strategy to select and manage the most valuable customer

You May Also Find These Documents Helpful

  • Better Essays

    canyou ranch

    • 912 Words
    • 4 Pages

    The strong competition within the spa industry requires businesses to exert effort in establishing a stronger hold on its market. The spa businesses should then integrate new business mechanisms or practices that are customer-oriented. One example of doing this alternative is through the employment of customer relationship management. The approach on CRM covers all business processes that an organization employs so as to determine, select, obtain, enhance and retain its customers. CRM is regarded as the integration of business processes, technological solutions and advanced analysis, which enables companies to understand clients from a multifaceted perspective. Through this understanding, companies such as Canyon Ranch will be able to establish deeper and more profitable customer relations.…

    • 912 Words
    • 4 Pages
    Better Essays
  • Better Essays

    Task1

    • 2724 Words
    • 11 Pages

    Customer relationship management refers to a series of processes, focused on initiating two-way communication exchanges with customers to have a detailed knowledge of their specific needs and buying patterns. The major benefit of a CRM system is that it helps business organizations in determining the type of customer best suited for the growth of their business. CRM enables business organizations to formulate strategies focusing on customer-driven growth and in providing superior and friendly customer experience…

    • 2724 Words
    • 11 Pages
    Better Essays
  • Good Essays

    CRM at minitrex

    • 598 Words
    • 3 Pages

    Customer Relationship Management is a strategy to develop strong relationships with the customer and to know more about the customer needs. Stronger relationships with the customers will help in the development of the business. CRM helps in understanding the needs of the customers by gathering the information about the customers, and this helps to market and sell the company’s products. CRM makes the use of technology and human resources for the development of the business. By implementing CRM…

    • 598 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    Customer relationship management or CRM is not just the application of technology, but is a strategy to learn more about customers' needs and behaviours in order to develop stronger relationships with them. It enables businesses to:…

    • 542 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    “Wyndham” Case Study

    • 941 Words
    • 4 Pages

    In order to deal with ways to sustain Wyndham’s competitive advantage built by the ByRequest initiative, we first need to get acquainted with its business values; Wyndham’s ByRequest program created a comfortable and memorable upscale guest experience and shaped recognition in the industry from a customer service standpoint. Being still a relatively new program, the company was limiting its focus on analysis and thus conducted limited historical study and no collection of a typical demographic data like age, income etc. But while its impact on revenues was still small, it was a success in defining Wyndham’s brand. In order to keep and even extend this current competitive advantage over time, the company needs to leverage its growing membership base and better utilize customer service. The hotel guest of the future will be far savvier and discerning; with the world at his feet and a world of information at his fingertips, the challenge for hotels to sustain connections with guests will only increase. Wyndham is an example to a company where IT is tightly intertwined with business operations and strategy. The adoption of the ByRequest program proved recognition for the dual role of IT in creating operating efficiencies while also driving business insight, innovation, and proprietary advantage. But, the way to achieve and also sustain the business value mentioned above will be based on a combination of management capabilities, assets, expertise and technology. Technology itself usually cannot provide the required competitive advantage over time given the fact it can be replicated easily. Using even the simplest and cheapest form of Customer Relationship Management (CRM) software mechanisms will help in attracting and keeping customers. Many of these CRM packages have facilities that help to acquire, retain and grow profitable customers and also maintain healthy, measurable business success. They help to monitor real-time results of marketing campaigns and track…

    • 941 Words
    • 4 Pages
    Good Essays
  • Better Essays

    In any business venture, customers form the most important part of business success. Consequently, organizations’ relationship with the customers is crucial for the growth and sustainability of the business. Therefore in this paper to be discuss why it is important for any organization to implement customer relations management (CRM) to generate relations within their own business and with their customers.…

    • 1186 Words
    • 4 Pages
    Better Essays
  • Powerful Essays

    Debenhams Assignment

    • 2795 Words
    • 12 Pages

    ‘Customer is a king’ according to Business Management and ‘customer is always right’ from the perspective of Hospitality Management. Moreover if any organisation or business want to survive in the industry and wants toachieve its goals and objectives then it should focus on the industry. Customer is also a source of competitive advantage and to gain market share. CRM is the system or process how to deal with the customer. In other words we can say that CRM is a such kind of detailed study through which we can gather information about customer’s behaviour and needs ,preferences and buying patterns of…

    • 2795 Words
    • 12 Pages
    Powerful Essays
  • Best Essays

    The objective of this report is to demonstrate how Marketing strategies ought to attract customers, consequently increase the hotel’s income. Marketing is a crucial feature for hotels, making all the difference to overcome every challenge caused by the actual market competition. The increasing costumer’s requirements for satisfaction and tough competition will make every company to invest more and more in order to succeed and stand out.…

    • 3105 Words
    • 13 Pages
    Best Essays
  • Good Essays

    Canyon Ranch Case Study

    • 829 Words
    • 4 Pages

    The use of CRM could also be used to target specific marketing programs for individual customers. It will help the company evaluate its customers, which in turn will aid Canyon Ranch in developing features, products or services that will suit clients’ preferences. The different locations could use this information in advance of a customer’s visit to prepare a more personalized experience for them.…

    • 829 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Retail Buying

    • 3282 Words
    • 14 Pages

    Kincaid, J. 2003. Customer relationship management: getting it right. 1st ed. USA: Prentice Hall Professional.…

    • 3282 Words
    • 14 Pages
    Best Essays
  • Best Essays

    This report gives a clear understanding of the Customer Relationship Management (CRM), service function and its importance within the hotel industry. It further gives an insight of how it is being effectively practiced at Ritz Carlton. The report explains in detail certain aspects such as, customer service function its importance and implications. It further explains how service provided within the manufacturing industry differs from the service industries. Adding to this, the report also explains how services can create value for customers and the major service function in the luxury hotel industry. Finally, the report explains how Ritz Carlton has adopted these concepts of CRM within the organization.…

    • 1759 Words
    • 8 Pages
    Best Essays
  • Good Essays

    Crm in Casinos

    • 1113 Words
    • 5 Pages

    With the advent of Customer Relationship Management (CRM) technology, casinos have found a solution to more accurately classify its patrons and properly direct its marketing efforts to the right customer segment. The essential objective of CRM is to attract and maintain loyal, profitable customers. Loyal because it is common knowledge that longtime customers tend to patronize more and are easier and cheaper to maintain rather than trying to acquire new customers. Profitable because this is what makes or breaks the business. With the use of…

    • 1113 Words
    • 5 Pages
    Good Essays
  • Powerful Essays

    Hilton CRM

    • 1457 Words
    • 6 Pages

    Hilton Hotel’s CRM strategy has largely been about the operational perspective of CRM rather than analytical level. The primary goal has been efficiency with a view to the bottom line. Overall, the strategy appears to be…

    • 1457 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    Hugh Taylor from Edwardian Hotels stated that ‘Marketing is not an elusive art, it is more a science of identifying customer needs and wants and presenting a package that answers these needs’ (1993, pp.16). I am going to be investigating the core concepts and principles of this ‘science’ and how it applies to the Burj Al Arab Hotel in Dubai.…

    • 3097 Words
    • 13 Pages
    Best Essays
  • Satisfactory Essays

    Marketing deals with identifying and meeting human and social needs in a profitable manner. It is a matching process through which an organization matches its capabilities with the customer’s needs and environmental factors. Marketing is very often confused with selling, advertising, having a good product or customer service.…

    • 6961 Words
    • 28 Pages
    Satisfactory Essays