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Pages:
36 pages/β‰ˆ9900 words
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Style:
APA
Subject:
Business & Marketing
Type:
Research Paper
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 209.95
Topic:

Market Analysis for Hilton Worldwide

Research Paper Instructions:

Due to this is a followed-up assignment, PLEASE read my ORG analysis and take a look at the sample paper, then follow the instructions.
PLEASE make the paper single spaced.
I assign you a followed-up order. Looking forward to seeing your outstanding work again.
i am ok with the single-spaced 18 pages. just want to make it around 9900 words.

Applying theories and concepts to perform a market analysis for the organization you have chosen for this project.  This analysis will be written in the form of a consultant’s report, including a title page, table of contents, executive summary, summary of key findings, Recommendations, headings, citations, references, tables and charts where applicable, etc.  See Appendix A for the items that should be considered in the Market Analysis. The document should be single-spaced. Use footnotes for your citations.

 

PLEASE ONLY WRITE THE FOLLOWING PARTS.

The main company is Hilton, and the two main competitors are Wyndham and Marriott.

APPENDIX A – Market Analysis

A clear understanding of the market is an essential prerequisite to writing the marketing plan. Without a clear sense of the market you can’t possibly have any indication of your ability to compete. Begin this analysis with a brief summary of the company and the market it is competing in. A summary of the market is often useful; particularly for those readers who have no knowledge of the market.

Industry Analysis

 In this section, you should answer the following questions:

  • What is the size of the market?
  • What percent do you currently have and what percent do you want to capture?
  • What is the growth prospect for this market? As the market increases, how will this affect your market share?
  • Longer term, how can you expand your markets? If you are selling worldwide, how will you address international markets?

Target Market

No single business can be everything to everybody. Most businesses focus on target markets — subsets of the overall market. You will need to define your target markets, determining such factors as population, the overall level of business activity, and your geographic region. For this section you need to write a description of your target market or markets. This should be a brief summary of the markets either by summarizing demographics of consumers or attributes of business customers (business-to-business marketing) 

Customer Profile

Who is expected to use your product or service? What will they use it for? Why do they buy the product? If you are already selling your products or services, who is currently buying them and why?  One way to write the customer profile is to organize it by demographics or lifestyle descriptions.

Major Competitors and Participants

This section should also include a summary of the competitors and participants in the industry. Unless you have found a brand new market niche, chances are your market has already been penetrated by competitors. List all of your known competitors. Here are some questions to answers:

  • Are you competing with companies comparable in size, or much larger?
  • Are your competitors profitable?
  • What competitive advantages do you have?
  • What are your competitors’ relative strengths and weaknesses?
  • Can you anticipate the emergence of new competitors?

Discuss the current and expected competitive market. Is the market competitive? If not, why not? Be sure to rate your competitors’ market share, their financial strength and how their products compare with yours. What are the barriers of entry to the market that you wish to serve (i.e., how easy is it to get started in this business?)

Your competitive evaluation will help you demonstrate your role in the market and identify areas of the market that are not being sufficiently addressed.

Market Segmentation

 What are the demographics of your target customer? If you are selling to individual consumers, what is their age, sex, income level, education, race, occupation, lifestyle, and number of children at home? Are they married, single, or retired? Where does the target customer live? Where will the business be located and how does that affect your target segment?

If you are selling to businesses, what kinds of businesses are purchasing your products (SIC codes, etc.), what is their sales volume, and how many employees do they have?

Projected Market Growth and Market Share Objectives

Briefly comment on the social, geographic, and demographic trends that support your conclusions for the market forecasts. Support your market forecasts with reports on your industry and other available public or private economic data.

If you are projecting your sales forecasts using the market size and market share method, feel free to reference your projections with the data from the spreadsheet. You can insert this spreadsheet data in the narrative or in the appendix.

Product and Service Offering

 

Precisely describe the product or service. There shouldn’t be any doubts left in the reader's mind as to what you produce or the service you offer. The product description should be brief and succinct – many marketing consultants insist that you be able to describe a product and its benefits in 20 seconds or less. If you are having problems briefly describing your product and its benefits, you may need to work on this until you capture its essence. If you have more than one product, describe each individually.

Product and Service Uniqueness

Most new businesses are established to sell products and/or services that are already available. Describe the unique features of your product or service. What makes your product different and why will customers purchase your product or service? Your product may be a commodity, but it can be differentiated by the way it is delivered, priced or packaged. In order to succeed, you must provide your prospective customers a clear reason to buy your product or service over that of your competitors. Being different from your competitor is important – but this difference must provide a tangible benefit to the buyer.

If you have a proprietary advantage clearly state it. Is there a quantifiable benefit that can be associated with your product? How long does it take for the product to pay for itself?

Product and Service Descriptions

Briefly describe the product features of benefits of each of your products or services. Answer the following questions:

  • What is it that you are selling? Marketing consultants don’t sell advice - they are selling a way for companies to transform themselves into market and profit leaders.
  • What are the product benefits?
  • For example, as shown below, the various products are described briefly (pictures are good here)

Product Name - Here you can briefly describe your product information. Use copy and paste if you have additional products.

 

Product Name - Here you can briefly describe your product information. Use copy and paste if you have additional products.

 

Product Name - Here you can briefly describe your product information. Use copy and paste if you have additional products.

 

Product Name - Here you can briefly describe your product information. Use copy and paste if you have additional products

Please note: Online sources like Baidu, UKEssays, and other similar sites are unacceptable resources, as they largely contain papers that were written by students for other universities. These sites are also used by companies and people who write papers for students for money. Using these sites will open you up to accusations of plagiarism (for not properly citing your sources) and academic dishonesty (for using another student’s work). Both of these are very serious offenses at the graduate level, which can result in you getting zero for the paper, and potentially failing the course if this persists.  Be very careful about this!

 

Research Paper Sample Content Preview:

Market Analysis for Hilton Worldwide
Author’s Name
The Institutional Affiliation
Course Number and Name
Instructor Name
Table of Contents 1.0. Executive Summary. 3 2.0. Industry Analysis. 3 2.1. Market Size. 3 2.2. Current and Projected Market Share. 4 2.3. Growth Prospect 5 2.3.1. Drivers of Growth. 5 2.3.2. Deterrents. 8 2.4. Addressing International Markets. 8 3.0. Target Market 9 4.0. Customer Profile. 10 5.0. Major Competitors and Participants. 11 5.1. Wyndham.. 11 5.2. Marriott 12 5.3. IHG.. 13 5.4. POP for Hilton Worldwide. 13 5.5. POD for Hilton Worldwide. 14 5.6. Intensity of Competition. 14 5.7. Threats of New Entrants. 14 6.0. Market Segmentation. 14 6.1. Demographics. 15 6.2. Psychographics. 16 6.3. Lifestyle-Based Segmentation. 17 7.0. Projected Market Growth and Market Share Objectives. 18 7.1. Projected Market Growth. 18 7.2. Social Trends. 19 7.3. Geographic Trends. 21 7.4. Demographic Trends. 23 7.5. Market Share Objectives. 25 8.0. Product and Service Offering. 26 8.1. Key Products. 26 9.0. Product and Service Uniqueness. 29 10.0. Product and Service Descriptions. 31 11.0. Summary of Key Findings. 34 12.0. Recommendations. 34 References. 36   “Organizational Analysis for Hilton Worldwide”
1.0. Executive Summary
The first section lays out the key trends in the industry and market. The market size for the hospitality industry is found in a long-term uptrend, with the upheavals caused by the pandemic in 2019-2020 being the only exception. After the pandemic-related instructions have begun to ease down, the industry is back on track for growth. Hilton Worldwide, with its 18 luxury brands in different countries, has managed to secure 11% of the global hospitality market share and its developmental pipeline indicates considerable growth in its market share in all key regions, including the US, Asia Pacific, and Middle-East. The industry’s growth is primarily driven by the growing trends of urbanization, growing disposable income, and demand for luxury, getting increasingly integrated into social norms. However, the geopolitical tensions resulting from the Russo-Ukraine war and tense relations between the US and China remain vital deterrents. The inflation triggered by the Russo-Ukrainian war is also a potential concern for the industry.
The company targets leisure and corporate travellers seeking value-added services with a touch of personalization. The company successfully maximizes the coverage of a broad range of demographic segments thanks to its diversified portfolio of brands. Each of the 18 brands positions itself to tailor its services to a specific audience’s needs, moods, and tastes. While Marriott, Wyndham, and IHG are strongly competing against Hilton, Hilton differentiates itself based on its rich legacy, brand equity, and convenience associated with its digital service plan.
2.0. Industry Analysis
This section analyses Hilton Worldwide’s market, focusing on crucial dynamics, structures, and market share.
2.1. Market Size
As mentioned in the last analysis, Hilton Worldwide operates in multiple industries, primarily focusing on the hotel industry. The global hotel industry grew steadily withi...
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