Chelsea Currie LMP Year 1 Data 2 1) The tangible products we offer are guestroom amenities (ex. Shampoos, soaps, towels, bathrobes, bathmats, shower caps, cups, in-room coffee makers, fax machines and blow-dryers. In-tangible products we offer at the Chelsea Inn would include room service, housekeeping, security, valet parking, guest services and yardkeeping. The difference between the two is that in-tangible products can not be placed in inventory because the nature of the product is different and people are part of the product. 2) Mission statement: “Giving you the best service for the best price.” 3) Some strengths of this hotel are that many of the attractions in the city which the property is located are within 30 minutes of the hotel which lets the hotel appeal to a wider variety of travellers. We offer Wi-Fi for as well as a few computers in the lobby seating area for guest use. A weakness the hotel has is room service orders being wrong or mixed up. This causes angry guests, a loss in revenue because of lost business and complimentary meals as apologies. An opportunity for growth is present in the room service area. A more efficient strategy could be created and implemented to cut back on the amount of wrong and mixed up orders. Competitors threaten the hotel by offering things such as pools, hot tubs and steam rooms to guests that the Chelsea Inn does not provide. 4) Three moments of truth would be greeting a guest when they arrive - “Welcome to the Chelsea Inn, how can I help you?”, housekeepers knocking three times and announcing housekeeping before entering rooms – if a guest is inside apologizing and asking the guest when they would like their room serviced, and asking a guest “Is there anything I we can do to make your stay better?” 5) The Chelsea Inn’s strategy for managing supply is having a daily count on the items that are in stock (ex. Cleaning items, linens, guest amenities and dishes.) This count helps the staff figure out what they are short on or running low (for nonrecyclables). This can give the night crew time to run a load of sheets or dishes to make sure everything is ready for the next day or orders can be made to make sure the par will always be above its minimum. The hotel likes to keep a minimum of four par of every item. – One in rooms, one in storage, one in laundry and another in storage as back up. Having four par and a daily count makes for less shortages. The Chelsea Inn also instructs that no more than seven par of items should be purchased to avoid money being tied up in supplies. 6) The main market that the Chelsea Inn targets are people with layover, cancelled, or early morning flights, business men who are frequently flying in, people attending meetings and families/people who are travelling to see attractions in the LA area.