Ritz Carlton is one of the biggest names in hotels and hospitality industry. Whenever the image of a luxury hotel with glamor and elegance comes into the discussion, the obvious name Ritz Carlton that crops up. It is a majestic experience equipped with world-class facilities to cater needs of the most premium segment people and the name is none other than Ritz Carlton or professionally referred to as the Ritz Carlton Hotel Company LLC.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 9 competitors of Ritz Carlton.
Hilton is one of the largest hotel chain and fastest growing hospitality companies in the world. With more than 5,100 properties with nearly 838,000 rooms in 103 countries, Hilton is recognized as the best hospitality service provider in the world. Hilton as global hospitality company has consistently provided high-end hospitality for last 100 years.
Marriott Corporation which split in Marriott international & Host Marriott Corporation in 1993 is ruling over the hospitability industry from last 90 years and with a headquarter in Washington it has more than 6000 properties in more than 100 countries all across the world. Recently in 2015 for the further expansion of its market outside US, Marriott has acquired Resorts worldwide and Starwoods hotel. For the growth Marriott follows partnership approach by creating different franchisee with different benefits and incentives which helps the partner itself in achieving their objective.
The Hyatt Hotels and Resorts is an MNC belonging to America, which was Founded in 1957. Hyatt believes in offering authentic services to every customer across the world. Associated with hospitality and tourism industry, it is a public company which has its hotels and resorts worldwide.
Starwood Hotels and Resorts is a service-based company which owns, and operated hotels, resorts, spas and vacation residences founded by Barry Sternlicht in 1969. Marriott International purchased Starwood Hotels and became the largest hotel chain in the world. It has lot of world class brands like Sheraton, Westin, Le Meridian, Aloft etc under its roof.
5. Shangri-La Hotels:
Shangri-La Hotels and Resorts is a Hong Kong based trading entity of Shangri-La International Hotel Management Limited. It was founded in 1971 by Robert Kuok as a deluxe hotel in Singapore. It is associated with hospitality industry.
6. Radisson Hotels:
A subsidiary of its parent company Carlson Rezidor Hotel Group, Radisson Hotels is an international hotel company of American origins. It has its association with Tourism and Hospitality industry and core business being dealing with resorts and hotels. It has 7 brands operating under it.
7. Taj Hotels:
Taj Hotels is one of India’s leading chains of luxurious Hotels. It was founded in the year 1903 by Jamsetji Tata, founder of Tata Group. It is not only present in India but has various chains internationally.
8. Accor Hotels:
The Paris Headquartered multinational Accor Hotels is the world’s 6th largest chain of hotels. It is the biggest chain when it comes to operating outside of USA. It has its presence in 100 countries with a network of 4,500+ properties and 650,000+ rooms under a bouquet of 30 hospitality brands ranging from luxury, upscale to mid-segment and economy.
9. Oberoi Hotels:
The Oberoi group was founded by late Rai Bahadur Mohan Singh in 1934. The first Oberoi Hotel came into existence by converting Maharaja’s palace in Srinagar and converted it into “The Oberoi Palace Hotel”. Since then the Oberoi Hotel chain is growing, marking a luxurious mark at each step.
To conclude, the above article highlights the various competitors which compete with Ritz Carlton. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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