This report presents a comprehensive 12-month marketing campaign plan for Travelodge, a leading brand in the budget hotel industry. It includes a marketing audit, TOWS analysis, marketing objectives, marketing mix, and recommendations for improving customer service.
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Enabling a leading brand A 12 months Marketing Campaign Plan for Travelodge
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Table of Contents 1.0 Introduction.....................................................................................................................................2 1.1Background of the Company.................................................................................................3 2.0 Task 1...............................................................................................................................................3 2.1 Marketing Audit...........................................................................................................................3 2.2 TOWS Analysis.............................................................................................................................3 2.2.1 TWOS Analysis for Travelodge..............................................................................................3 3.0 Task 2...............................................................................................................................................4 3.1 Marketing Objective....................................................................................................................4 3.2 Marketing Objectives for Travelodge...........................................................................................5 4.0 Task 3..............................................................................................................................................5 4.1 Marketing Mix.............................................................................................................................5 5.0 Task..................................................................................................................................................7 5.1 Customer Service.........................................................................................................................7 5.2 Recommendations for Improvement of Customer service for Travelodge..................................7 6.0 Conclusion.......................................................................................................................................8 7.0 References.......................................................................................................................................9
1.0 Introduction Marketing Plan can be defined as a document which covers or outlines the comprehensive marketing activities or strategy formulated by a business organisation for a definite period of time with an aim of accomplishing the organisational goals and objectives (Westwood, 2013). While a marketing strategy is primarily concerned with activities for achieving a particular or specific business goal, a marketing plan is cumulative marketing strategies for attainment of overall organisational objectives. Marketing plan of a company includes many diverse range of elements such as description of the marketing and promotions goals of the company, analysis of the current marketing position of the company, identification of target market and needs of the customer, implementation of different strategy along with timeline and also determines the key performance indicators which can be used to assess the effectiveness of the company’s marketing strategies (Chernev, 2020). In the following project report, marketing plan of Travelodge is being prepared in light of the company’s vision of ‘Enabling a leading brand’ in the budget hotel industry post Covid-19. Different elements of marketing plan are being covered in the following report. First section of the report relates with preparation of a marketing TOWS matrix for Travelodge based on marketing audit and analysis of the company’s internal strengths and weaknesses along with external environment threats and opportunities. For the construction of a TOWS Matrix, the effectiveness of current marketing strategy and brand promotions of the company is also being determined in the report. Based on the outcomes and findings of the first section of report, three different marketing objectives are being determined for Travelodge in the next section. These objectives are being set in light of the company’s marketing campaign for ‘Enabling a leading brand’ over the period of next 12 months for the company. In the next section of the report, marketing mix plan which needs to be considered by the management of Travelodge for achieveing objectives defined in the previous section is being prepared. Elements such as product, price, promotions and place will be considered in the report for preparation of Marketing mix plan. At last, the report examines different proposals and suggestions which can help the management of Travelodge to improve the quality of service being rendered to the customers. Improvement in level of customer service and satisfaction is an essential part of the company’s marketing campaign of ‘Enabling a leading brand’ in the budget hotel industry where customer service has a crucial role to play in determining the customer satisfaction level. 1.1Background of the Company Travelodge Hotels Limited is the largest independent chain of hotels in the budget hotelindustry with more than 570 hotels in United Kingdom, Spain and Ireland. Headquarters of the company are located at Thame, England, United Kingdom. In the year 1985, the first hotel was launched by Travelodge after rebranding in England, United Kingdom (Travelodge Hotels Ltd., 2020). Since then, the company has expanded its operations to many locations in and around UK providing affordable accommodation and lodging services to many customers every year in the budget hotel industry. Revenue generated by the company in the year 2019 amounted to £728 Million which shows the dominance of the company in budget hotel industry (Annual Revenue of Travelodge UK from 2013 to 2019, 2019).
2.0 Task 1 2.1 Marketing Audit Marketing audit is comprehensively said to be as the detailed examination of the marketing activities as well as goals and objectives. It can be further said that with the effective implication of audit, business entities can easily cover the zone by which marketing efforts are being planned and managed by the marketing department. In addition to this, the respective department is also supportive in checking that how these goals and objectives are directly linked with the pre developed marketing plan. It can also be said that with the usage of appropriate marketing business entities can easily attain their pre determined goals and objectives and attain their respective marketing goals in the same manner. 2.2 TOWS Analysis TOWSanalysis is the further extension of the SWOT analysis which initially determines Strengths, Weaknesses, Opportunities and Threats but later on emphasises on the matching the strength with the opportunities and the threat with weaknesses. The respective framework is commonly used to develop understanding over the scenario and determine both the internal as well as external issues at the initial level.It also focuses on both the positive and negative. Also, it provides contribution in taking rightful action towards the current positioning of the company in rightful manner. 2.2.1 TWOS Analysis for Travelodge StrengthsWeakness OpportunitiesS-O StrategyW-O Strategy ThreatsS-T StrategyW-T Strategy S-O Strategy W-O Strategy S-T Strategy W-T Strategy TOWS Analysis of Travelodge OpportunitiesThreats SOST
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StrengthTravelodgeisinternationally positioned and has the highest business to consumer ratio. Travelodge provides a range of services and foodservice price increases at an affordable rate thatattractsconsumersbut alsoslowsdowntheir developmentaswellasfull growth due to low profits. WeaknessWO They are not in a position to provide ties to other countries owingtotheconsequenceof brexit. Travelodge has the potential to combine with other companies sothattheoperationsare carried out. Furthermore,thechosen company also has the ability to launchnewofferingsthatwill increase its revenue and market share growth. WT Duetothegrowthinthe hospitality industry, which leads toahighdegreeof competitiveness and this has an effect on Travelodge's business success. Manyotherhotelsalsohave been part of a joint venture or jointventuretosetupa selector company, which would be a major risk to the industry. Changing rules and regulation makeitverydifficultfor organizations to increase their profitmarginsforlonger periods of time, and the profit marginlevelofemployeesis also going to increase, which is a major threat to the company.
3.0 Task 2 3.1 Marketing Objective Marketing objective can be defined as the goals and targets determined by a business organisation during the process of promoting and advertising its products and service to target customers which should be achieved in the pre-determined timeline and schedule (Burns, Bush and Sinha, 2014). It is important for business organisations to have clear objectives as it helps in describing the intentions of the marketing team, provides clear guidance and directions to the employees and also provide a detailed information for any kind of support and review which might be essential for completion of the tasks. Marketing objectives of a business must be in complete harmony and consistency with the overall business goals and objectives. SMARTobjectives can be termed as a typeofbusiness objectives which helps the management to effectively track and attain short-term and long-term goals. SMART is an acronym which stands for Specific; clearly outlining what is the desired or expected result, Measurable; monitoring of the progress should be effective to determine attainment level, Achievable; objectives should be mutually agreed by managers and employees to ensure its real-life attainability, Realistic; focus should be laid on outcomes rather than the process and Timely; a definite date or time period must be set for attainment of objectives (Bjerke and Renger, 2017). SMART objectives is an important principles which aids in determination of business objectives and ensures that the objectives are attainable with the existing resources of the company and the company achieves the objectives in the time-frame decided. 3.2 Marketing Objectives for Travelodge 1. To increase followers on Facebook and Instagram pages of company by 12% in a period of next 6 months using online marketing tools such as blogs and articles and paid form of social media advertisements. 2. To increase the lead-conversion ratio by 18% in a period of 9 months in terms of online sales by using sales promotion tools and integration of technology for improving online booking and registration experience. 3. To enhance long-term relationship management and repetitive sales by offering a high quality of service to the customers and attaining a customer satisfaction ratio of 75% in a period of next 12 months. Objectives which are mentioned above are essential to be achieved by the management of Travelodge as a part of its marketing campaign for ‘Enabling a leading brand’ in the budget hotel industry. With the help of using tools of social media networking and advertising, the company can gain active followers on Instagram and Facebook pages who will be the potential customers of
company and this will help in online lead generation for Travelodge in a period of 4 months. With the help of integrating technology such as virtual reality, the online booking and registration experience on the website of company can be enhanced for customers along with sales promotional tools such as discounts. It will help in improvement in online lead-conversion ratio in a period of 6 months. Further, providing a high quality of service to the customers and maintaining long-term relationships and inspiring customers to provide repetitive sales along with generation of new customers using referral programs, the management of Travelodge should aim to achieve a high level of customer satisfaction in the next 12 months. 4.0 Task 3 4.1 Marketing Mix Marketing mix is comprehensively said to be as set of actions as well as tactics adopted by the company with the motive of promoting its product or services among the customers in an effective manner.The respective framework is basically consisting of several elements which are products, price, promotion and place. It is further extended with the three additional elements such as people, physical evidence and process. The respective tool is basically adopted by the business associations with the motive of the promoting their respective brand by simply considering few elements. It also ensures to provide right product, at the right time in the right place with right price. With reference to the Travelodge, the respective manager of the hotel makes use of marketing mix tool with the motive of popularisingitsproductandservicesamongthecustomersandenhancesitssales performance with the passing period of time in rightful manner.All the elements of this framework are specified as below in detailed manner: Product Travelodge is basically providingaffordable accommodation and lodging services to the all of its clientele. The main motive of the company is to satisfy all of its customers with the comfortable stay along with the high quality of supportive services. In order to attain the respective objectives, management of Travelodge emphasises on bringing maximum number of alternation in their accommodation facilities with the motive of providing high quality of services to the customers’ in order to satisfy them at extensive level. This could be considered as the best strategy for the company that maximises its profitability in rightful manner. Price Travelodge basically makes use of economic or value price strategy with motive of making of its services worthy for the customers. Affordable prices for the accommodation services directly influences interest of the customers belonging to every economic status. This also contributes in maintaining interest of the customers towards them as their all time favourite accommodation facilities. Place
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Travelodge has initiated its hospitality services from the UK but with the passing period of timetherespectivehotelhasexpandedtheirservicesworldwidewiththemotiveof approaching maximum number of customers towards them and satisfying them at extensive level. Effective global presence supports Travelodge in attaining their respective objectives and maximising their profitability effectively. Promotion In order to enhance awareness of their products and services the respective company makes use of different promotional strategieswith the motiveof the approaching maximum customers and attaining higher profitability in rightful manner. With reference to Travelodge, therespectivemarketingmanagermakesuseofnewsmediaandmagazine,TV advertisements, coupons and vouchers and many others. Whereas, if it is emphasised on the international level, it simply focuses on using social media and other technological based promotional mediums for attracting maximum number of customers towards them in rightful manner. People For Travelodge, the core people of this hotel are its customers and its employees. The management team of this hotel emphasises on satisfying the interest of the customers it ensures to provide high quality of products and services at affordable prices on the other hand, for maintaing interest of the employee, the management emphasises on conducting constant based training sessions with the motive of providing them equivalent opportunity of learning in rightful manner. Along with this, they also ensure to provide safe and friendly working environment to the employees. This enhances satisfactionlevel of the customers as well as people. As a result, they provide best possible support to the hotel in attaining its objectives which maximises their profitability too. 5.0 Task 5.1 Customer Service Services which are being offered to the customers before, during and post purchase are basically termed as the customer services. Customers are basically acknowledged as the key of every business entity as without the support of the customers none of company can sustain longer at marketplace and attain their desired goals and objectives in rightful manner. With reference to the hospitality sector customers services plays a vital role as it is consisting of maximum number of services only and if their customer does not get satisfied with the offered services and they would definitely move to the another business which is offering similar kind of services with better quality. This clearly depicts that Travelodge must emphasise on making use of best quality service along with the consideration of COVID – 19 so that they can easily provide best services to the customer and ensure them the safe visit to their hotel. This would also support the respective hotel in satisfying their customers at utmost and attain higher profitability by maximising their sales performance.
5.2 Recommendations for Improvement of Customer service for Travelodge In order to improvise customer services, it is highly important for the Travelodge to bring some alteration in their current practices so that they can improvise themselves in rightful manner. For this few recommendations are provided to Travelodge for bringing improvementin their customer services. All of them are specified as below in detailed manners: At first, it is recommended to the marketing manager of Travelodge to emphasise on developing an effective advertisement which clearly defines that how this hotel is taking safety measures by simply considering COVID 19. This advertisement is required to be placed at all the social media platform as this is the only place where they can approach maximum number of the customers and persuade them to use services offerred by Travelodge. At next, it is essential for the Travelodge to emphasise on having detailed conversation with the customers in the form of press conferences with the motive ofenhancingawareness amongpeople that they are completely aware about the current market situations but for ensuring the safety of the customers as well as their staff the respective hotel is taking precautions and safety measures in order to deal with the situation. Also, marketing team of Travel lodge is advised to go for the conducting effective market research. This marketing research would not only bring information about the changing customers’ expectation and market trends but at the same time the respective company will be gather information about the current practices followed by the rivalry in terms of customer services. As a result, it would become easier for the company to maximise the satisfaction level of the customers which would lead to increase in sales performance as well as profitability for the same hotel. Last but not the least, the respective hotel is advised to conduct few training session for the employees so that they develop themselves with the passing period of time as it is helping them out in improvising their quality of services that is maximising the satisfaction levelof the customers. As results, the hotel would be able to maintain room booking proportions at their properties. 6.0 Conclusion On the basis of the overall information provided in the above mentioned report, it is concluded that all the business entities which are wishing to enhance their business performance are required to include effective marketing plan as the core part of their operational area as it allows them in improvising their brand image at marketplace and also contributes in maximises their sales performance along with the higher profitability. Also, with the usage of Marketing Audit marketing manager can easily take best growth decision for their company which would lead to success. Additional, TOWS helps marketing team in acknowledging their business performance along with the core weaknesses and threat that could be improvised over the period of time. Lastly, it can be said that with the usage of effective marketing method the hospitality sector can easily ensure customers that they are taking all safety measures with the consideration of COVID- 19. This would help the company in gaining trust of the customers in terms of their own safety and influence them to start using hospitality services again with any fear.
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Werner, C. H. and Tang, M., 2017. Essentials of the Management of Creativity and Innovation in Education, Business, and Engineering. InHandbook of the management of creativity and innovation: Theory and practice(pp. 347-364). Online Travelodge Hotels Ltd., 2020. [Online]. Available thru<https://www.bloomberg.com/profile/company/349265Z:LN> Annual Revenue of Travelodge UK from 2013 to 2019. 2019. [Online]. Available thru<https://www.statista.com/statistics/429089/travelodge-total-revenue-united-kingdom-uk/ #:~:text=Travelodge%20revenues%202013%2D2019&text=Travelodge%20hotels%20generated %20revenues%20of,from%20433%20million%20in%202013.>