IHCL
grooms Regent in Taj mould
Financial
Express
September 24, 2002
In
a major re-branding and re-structuring exercise,
post the acquisition of The Regent (Mumbai), re-named
the Taj Lands End, Indian Hotels Company Ltd (IHCL)
is aggresively moulding its new acquisition to
its brand.
With
personal letters to corporate clients from the
company’s managing director, to aggresive sales
and reservations by its dedicated marketing team,
the hotel’s occupancies are expected to jump,
post the acquisition, from 30 per cent to 60 per
cent within the current financial year.
According
to Taj Lands End general manager Farhat Jamal,
re-branding the property is top priority for the
hotel. "We have already removed all signs
of the previous brand ‘The Regent’, since we believe
that our guests need to identify the Taj name
with the property. We have customised the Taj
logo completely in the hotel and will be advertising
the property in the near future at destinations
such as the airport as well," he said.
"In
a move to inform our clientle of the presence
of The Taj in North Mumbai, IHCL managing director
RK Krishna Kumar will be sending out personal
welcome notes to our corporate guests. I will
be doing the same with our international guests.
Any correspondence by any IHCL staffer via e-mail
will be accompanied by a small banner describing
the property," Mr Jamal added.
The
hotel will also be targetting the conference and
convention clientele and is already agressively
marketing itself over its centralised reservation
systems. "Our marketing offices, both domestically
and internationally, have been given complete
information regarding Lands End, and will let
our customers know of the additional presence
of the Taj in Mumbai. With the synergies in place
of the Taj group, this hotel’s occupancies will
rise from the current 30-40 per cent to 55-60
per cent within a year," he said.
Mr
Jamal added, "We are still understanding
the product, but as we see it, only a few changes,
such as re-vamping our Food and Beverage (F&B)
outlets, are really needed. F&B contributes
40 per cent of revenues as of now and we want
to see that percentage grow."
"The
North Mumbai market is seeing a growth of 33 per
cent annually and that is the fastest growing
market domestically. We were losing out without
a presence here and this acquisition is probably
one of the best made by our group," he said.
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