Improving a leading brand

2939

Fast-developing organisations have a range of business objectives that provide a direction for their actions and drive them forward, particularly in markets that are prone to change and innovation. In recent years few market areas have changed quite as much as that of hotels, where there has been a general recognition that consumer groups have different and changing requirements. This case study outlines how Travelodge quickly established itself as the leading brand in the budget hotel market and how it is now consolidating this position through embracing the Internet technologies needed to create competitive advantage in the 21st century. Many leading businesses have gained their positions of prominence by identifying consumer needs that are poorly provided for and then presenting business solutions to satisfy consumer requirements. Having provided the solutions to customer needs, the intelligent business will then seek to improve its product in line with ever-rising customer expectations. Travelodge is an example of a leading brand which has been created in a relatively short space of time. Today, nearly everyone has heard of Travelodge, yet the first   lodge only opened in 1985. Travelodge recognised the need for budget accommodation when it created the sector in the UK, with the…

This content is available to members only.
Loginor Subscribe Now