Your contribution can guide someone’s learning journey. Share your
documents today.
Assessment 1: Individual Written Project
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 TASK..............................................................................................................................................3 A) Marketing plan for Marriott hotel products or services...................................................3 CONCLUSION.............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION Marketing is considered to be an important business function that is basicallyconcerned with promotion of businessIt is business procedure which has focus on developing relationship with customers. Marketing activity also emphasizes on providing the high level of satisfaction to clients.It is one of the main component of business management. Marketing process assist an organisation in increasing sales and profitability. Marketing planis basically acomprehensive written material thathighlightsadvertising andpromotionaleffortsthat would be takenby an enterprise for accomplishing desired objectives. The assignment willinclude thepromotional plan for organisation that is Marriott hotel in order to assist firm in identifying suitable ways for increasing engagementof customer in business and helping in increasing sales sales during Sunderland Tall ship event. TASK A) Marketing plan for Marriott hotel products or services Executive summary:This section will also include strategies which can be adopted by the Marriott hotel in order to promote its existing products or services. Marketing plan has been developed considering the marketing as well as overall business objectives. Promotional plan also consists of all the essential elements of marketing mix which will help an organization in achieving goals.(Armstrong and et.al., 2015). The marketing plan will assist Marriott hotel in communicating their brand value. It will also assist firm, in developing the strong relationship with customers. Overview of an organization:Marriott hotel is basically an American Multinational organization. It is basically a Full service hotel also located in Suder land. Mariott hotel in sunder land offers banqueting and conference facilities, cocktail bar, fine dining restaurant, free on site car parking and superb leisure. Business entity consist of broad portfolio of products. Marriott hotel in Sunderland also provides lodging facilities. It is among one of the largest hotel chain in the world.An organization has achieved 33 rank among 100 best companies. Marriott hotel inn sunder land is famous for selling the food which is completely free of trans fat.The operating income of Marriott hotel during 2018 was 2.36 billion US dollar. This organization wants to increase the engagement of customers and sales during the Sunderland Tall ship event (Aslam, 2018.). The
marketing plan address following key attributes these are laying the procedure of increasing the engagement of customers in business, increasing the sales and profitability etc. Current products or services offering by an enterprise:Marriott hotel is popular for providing the food which is free from fat.This organization has 30 brands in more than 130 countries. This hotel also consist of 1.2 million rooms in different branches of the firm which is established in different countries worldwide. Hotel also provide accommodations as well as lodging facilities to customers.The rooms in the Marriott hotel has been recently refurnished and new technologies has been implemented in order to provide guest with good experience and high level of satisfaction. Marriott hotel also provides the accommodation facilitate to customers according to their budget (Camilleri, 2018). Mission:The mission of the Marriott hotel is to enhance the lives of their clients by creating as well as enabling unsurpassed vacation and leisure experience. Vision:Vision of Marriott hotel is to become the premier service provider in hospitality industry. Marketing objectives:Main marketing objectives of Marriott hotel is to increase their sales and profitability. In addition to this, an organization also intends to increase the customer engagement in business. SWOT analysis Strengths: Marriotthotelhasadoptedaneffective differentiation strategy which has assisted an enterpriseingainingthecompetitive advantage. Anorganizationhasflataswellas decentralizedorganizationstructurewhich helps in making quick decision. Marriott hotel has team of highly skilled and talented workforce. Weaknesses: Ineffectivecommunicationaswellas coordinationbetweendifferentfunctional units. High Employee turnover rate. Therearefewroomswhichstillrequires renovation(ChaffeyandEllis-Chadwick, 2019).
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
Shared value. Opportunities: Marriotthotelhasgoodbrandimagein domestic market, an organization can expand business by entering into new market. Threats: Increase in level of competition. Threat of entrance of new firms in the market. Threat of substitute products. Threatofincreaseinbargainingpowerof buyers. Market Analysis: PESTLE analysis is considered to be an effective strategic technique which can be adopted by manager in Marriott hotel in order to address those macro environmental factors which can influence the marketing plan of company. It is the technique which will assist management in formulating the suitable strategies for minimizing or eliminating the adverse effect of changes in external business environment on promotional plan of firm. Few factors which could affect the marketing plan of an enterprise are: Political factors:These macro environmental variable includes changes in the political condition of the nation. It also involves amendments in norms related to industry by political parties. The political instability in the country might create barriers in the promotional activities of an organization (Chaffey and Ellis-Chadwick, 2019.). The new regulation by political parties related to the content to be published in advertisement can have significant effect on the promotional plan of Marriott hotel. It is required by the manager in Marriott hotel to develop the marketing strategy and design promotional considering the regulation created by political parties, as it will provide business entity in promoting brand, products or services during the Sunderland Tall ship event.While designing the content for the purpose of marketing manager in Marriott hotel is also required to consider the nature of target audience group, as it will assist them in accomplishment of desired objectives.
Economic factors:It is the important variables in the macro environmental factors which includes inflation, increase in Tax rate which has significant effect on the marketing budget. Market manager in Marriott hotel need to develop flexible budget for promotion.Changers in the economic factors such as economic conditions have significant effect on the profitability of an enterprise. During the last few years, decrease in the customer income in Sunderland has led to the great decline in the sales of Marriott hotel in specific market. Social factors:It involves changes in trends, customer preference, change in customers’ attitude towards marketing etc. All these factors have great influence on the marketing plan of the company. Marketing manager in Marriott hotel is required to select the advertisement method or media considering the latest trend, as this marketing tactics will provide an organization an ease in positively influencing people to buy specific products or services during the Sunderland Tall ship event. For instance, mostly people are engage in the social media, so in order to gain the attention of the customers Marriott hotel can use digital technology such as social media like Facebook for promoting its brand (Andrews and Shimp, 2017). Social media strategy will assist an organization in increasing sales.BY utilizing the social media company can easily engage customer in business. Social media can also be utilized by firm for continuous interaction with customer before as well as after event.Product or services differentiation strategy can assist an organization in increasing sales and profitability (Feng and Rego, 2015.). Technological factors:Advancement in the technology has provided firm an ease in promoting the goods or services at large scale. It is the factors which has provides new platform for promoting their brand.Advancement in technology has assisted enterprises in making their marketing practices more efficient and effective. In context of Marriott hotel, During the event Marriott hotel can utilize the digital hoarding for showcasing their products or services, as it will assist them in attracting the customers. Legal factors:It includes amendments in the legislation which can have great effect on the promotional plan of Marriott hotel. Marketing manager in Marriott hotel need to consider all legislation while formulating a marketing Plan. If an organization fails to comply will the law prevailing in Sunder land that it can have adverse effect of the sustainability of an organization in specificmarket.InadditiontothisbycomplyingwithalllegislationMarriotthotelin Sunderland.
Environmentalfactors:IncontextofMarriotthotel,anorganizationmightface difficulty in promoting goods or services due to the bad weather condition. STP: Segmentation:Multistage market segmentation strategy is presently adopted by Marriott hotel for segmentation the customer group during the sunder land tall ship event. Marketing manager in Marriott hotel has adopted the either demographic marketing strategy, which has assisted an organization in fulfilling the needs as well as expectation of particular targeted customer segment during Sunder land tall ship event (Hunt, 2018.).Marketing manager in Marriott hotel has developed understanding that all customer requires base service level. In additiontothis,marketingmanagerhasdevelopedunderstandingthateveryclienthas willingness to pay for different level of comforts as well as luxury. Targeting: In context of Sunderland tall ship event, Marriott hotel is targeting all customer groups such as business traveler, people belonging to upper and middle class, young business professional, singles etc. Firm has targeted especially two customer group these are business professional as well as people traveling for the purpose of leisure as this marketing tactics has assisted an organization in increasing sales and helped an organization in engaging customer in business.In addition to this, it has been easy for an organization to target such people and to influence them for making frequent visits to hotel and purchase the food item during the Sunderland tall ship event. An enterprise has been easily influenced business person and people traveling for the leisure by providing them with services according to their needs and demands.IncontextofSunderlandtallshipevent,Marriotthotelisplanningtotarget professional visitors belonging to specific region as well asfrom the following industries, such as Travel trade, IT industry and Automotive. Positioning:Market positioning can be defined as procedure of establishing the image of product so that consumer perceives it in a certain manner. Marketing manager in Marriott hotel has selected the marketing strategy based the condition of the market, unique selling proposition of products or services or competitors for influencing people to make purchase of food item and do hotel booking during the time of Sunderland Tall ship event.Marriott hotel is positioned as a five start plus, businesses traveler hotel. An organization is strategically located and business entityoffersahighlevelofpersonalservicestocustomers(Karjaluoto,Mustonenand Ulkuniemi, 2015). Marriott hotel emphasizes on offering their guest with high value proposition,
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
as this tactic has assisted an organization in differentiating itself in context of personal services from other firms in an industry during the Sunderland tall ship event.In addition to this, manager as well as employees in an enterprise need to provide guests with high quality of hotel service, as it will support an enterprise in inspiring people to make frequent visit. It will also help business entity in increasing sale and profitability.Demographic segmentation is the positioning strategy whichisadoptedbyMarriotthotelforsegmentingthecustomers.Anorganizationhas categorized into three segments these are domestic, national and international customers.
Marketing MIX: Product or services:Management in Marriott hotel is planning to provide the high quality facilities which will be accompanied by personal services. It is a marketing plan which will assist an organisation in ensuring high level of repeat business.Services innovation or development is the strategy which can be adopted by Marriott hotel as it will assist an organisation in gaining the competitive advantage (Keszey and Biemans, 2016). Price:Marriott hotel will adopt the premium pricing strategy in context of Sunderland Tallship event, asthis tactic has helped an enterprise in attracting more number of customers. Premium pricing strategy will also assist an organisation in increasing the profitability. Place:In context of the Sunderland tall ship event, Marriott hotel will seek support from mediator including representatives of hotels,tour operators, for selling services to customers. Promotion:Social media marketing is considered to be as effective in context of engaging customer in business. In addition to this, marketing manager in an organisation needs to ensure that all the important information related to business are present on the companies' website, as this tactic will assist them in positively influencing people to buy specific products or services.In addition to this, Marriott hotel can seek support from travel agents and distributors for promoting their products or servicesduring the time of Sunderland tall ship event.As distributors or travel agents are those people those who have knowledge about the way to influence customers for buying products or services of the specific brand (Singh, 2018). Physical evidence:Marriott hotel isplanning to renovate its rooms. A firm should adopt the direct distribution strategy, as it is very much effective in relation to engaging with customers during the time of Sunderland tall ship event.and influencing them to buy products or services. People:Presently, Marriott hotel is concentrating on the engaging with customers. It is required by an enterprise to concentrate on providing thetrainingand development of employees,as this tactic will assist an enterprisein delivering the quality as well as quick serviceswhich is very muchimportant for influencing peopleto make repeat purchaseduring the time of Sunderland tall ship event. Procedures:Marriott hotel needs to concentrate on improving itsmarketing functions that is very much essential for increasing saleand engage customer in business during the time of Sunderland tall ship event.
Marketing program: Objective of marketingPlan of actionDuration Toincreasesalesof accommodationandfood services during theSunderland event. In context of accommodation services,Marriotthotelcan offer discounts as it will assist an organisation in increasing the sale of accommodation and foodservicesduring Sunderland event. In relation to the food services, an enterprise can offer combos offooditemsforattracting customersduringthe Sunderland event. 1 month Toengagecustomerin business during theSunderland event. Bydecoratingthestallin unique manner. Marriott hotel will have much focusonmaintainingthe quality of food which is served to customer during the event. Marriott hotel will use digital hoardingforattractingthe customerduringSunderland event. 6 months To gain customer loyaltyEthical marketing activity will be executed by Marriott hotel Every time
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
during the time of Sunderland Tallship event.
Marketing Budget: Creation ofcompany website£30,189.00 Participation in trade shows£40,000.00 Utilisation of social media£35 152 Distribution of brochures£6000 Monitoring and evaluation:The marketing manager will evaluate the sales report in order to analyze the performance of the marketing team. Sales report will also assist manager in measuring the effectiveness of marketing plan. It is the report which will consist of detail about the sales of services which has been made by Marriott hotel duringSunder land tall ship event.I Survey will be performed by an organizationin order to obtainthe informationrelated to the perception of people about marketing activities performed by an organization(Turban, Liang and Turban, 2018). CONCLUSION From the above report it has been summarized that marketing is very important business activity which assist an enterprise in accomplishing desired business objectives.The other fact which has been discovered from the study is that by including the all essential elements of marketing mix an organization can easily accomplish marketing as well as business objectives. It has been also concluded that proper marketing planning isimportantfor generating good results. The different promotional strategies have been suggested in the report which can be utilized by organization for promoting existing goods or services. An organization has been provided with suggestion to use the specific target market, as it will assist them in providing the high level of satisfaction to targeted customer group.
REFERENCES Books and Journals: Andrews, J. C. and Shimp, T. A., 2017.Advertising, promotion, and other aspects of integrated marketing communications. Nelson Education. Armstrong, G. and et.al., 2015. Marketing: an introduction. Aslam, M., 2018. Marketing strategies for academic libraries in the 21st century.International Research: Journal of Library and Information Science.8(1). Camilleri, M. A., 2018. Integrated Marketing Communications. InTravel marketing, tourism economics and the airline product(pp. 85-103). Springer, Cham. Chaffey, D. and Ellis-Chadwick, F., 2019.Digital marketing. Pearson UK. Feng, H., Morgan, N. A. and Rego, L. L., 2015. Marketing department power and firm performance.Journal of Marketing.79(5). pp.1-20. Hunt, S. D., 2018. The prospects for marketing strategy and the marketing discipline in Era V: is the prognosis promising or problematic?.Journal of Marketing Management.34(1-2). pp.86-95. Karjaluoto, H., Mustonen, N. and Ulkuniemi, P., 2015. The role of digital channels in industrial marketing communications.Journal of Business & Industrial Marketing.30(6). pp.703- 710. Keszey,T.andBiemans,W.,2016.Sales–marketingencroachmenteffectson innovation.Journal of Business Research.69(9). pp.3698-3706. Singh, S. K., 2018. Relationship Marketing In Competitive World an Essential Strategy.GST Simplified Tax System: Challenges and Remedies.1(1).pp.390-349. Titus, P. A., 2018. Exploring creative marketing thought: Divergent ideation processes and outcomes.Psychology & Marketing.35(3).pp.237-248. Turban, E., J. K., Liang, T. P. and Turban, D. C., 2018. Marketing and advertising in e- commerce. InElectronic Commerce 2018(pp. 361-401). Springer, Cham.