This presentation provides an overview of the essentials of marketing in the hospitality industry, including advertising, promotion, publicity, and sales techniques. It also compares the marketing mix of Intercontinental Hotel Group and Marriott Hotel. The presentation concludes with references for further reading.
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Hospitality marketing essentials
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Table of Content •Introduction •Compare the ways in which organization implement marketing mix •Conclusion •References
Marketing refers to the process of trading goods and services or it can be an activity of importing and exporting products from one place to another. For doing the marketing of goods andservices,thecompanyusedifferentessentialsof marketing like advertising, promotion, publicity and sales techniques etc. Introduction
Marketing mixDescriptionIntercontinental Hotel GroupMarriott Hotel ProductIt refer to the process of converted raw material in to final product. It should be valuableandhavesomespecific characteristics so that people are ready to pay for it. In this company, the management of the firm offer several productand services to its guests in room like TV, refrigerator, telephones,Wi-Fi,airconditioners,bar, meeting rooms and others. Therespectivecompanyprovidedifferent differentproductsandservicestoits potentialclientslikegoodroomservice, conferenceroomsequippedwithlatest technology,bar,babycarefacilities,fax options, medical facilities, wake up alarm, satellite TV, secretory on demand and credit card facility etc. PriceIt indicates to that cost and fiscal value whichisinvestedbyacompanyto manufactureagoodandservices.It consist several cost and fund like raw materialcost,productioncoat, manufacturingprice,distributioncost etc. The management of Intercontinental Hotel Group use competitive pricing strategy so that the information regarding challengers canbeavailableineasyway.Because there are several kind of challenges that exist in hospitality sector. Theadministrationofthishospitality companyusepremiumpricingstrategy becauseitoffersvaluebasedpricesand services. Compare the ways in which organization implement marketing mix
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CONTINUE….. PlaceIt refers to that area, sphere and modewhereproductsare availableandreachinto customers. It consistretail shop, online, stores and others. The administration of the respective company use both onlineandofflinemodetoofferitsproductsand services to it customers. For online, they use mobile application and company website so that they can sell its product and services directly. But offline mode they sellthroughwholesalerwholocatedalloverthe country. PromotionThisfactorstatestocreate awareness about the goods and servicesthataremanufacturing bythecompany.Itconsider differentpromotionalchannels like social media, advertisement and others. Forcreatingawarenessabouttheirproductsand services,themanagementofIHGusedifferent promotionaltoolslikesocialmedia,Facebook, Instagram,twitter,YouTube,TV,radio,web advertisement and many more.
PeopleIt refer to those individuals who make their contributioninmanufacturinggoodsand purchasing them for their personal use. These people can be employees, suppliers, retailer, distributor, customers and others. The respective company have number of individual who working in its retails stores, customer service division and withsupplierstoobtainrawmaterial.Thecompany provide training to these persons regarding respect of customerssothatthefirmcanaccomplishisdesire business aim. ProcessThisdeterminantreferstotheactivityof producinggoods,distributingthemetc.It involvemanufacturingprocess,distribution process and others. In term of distribution of its goods and services, IHG prefer its online delivery service so that it can make maximisation in its customer base by offering easier way to reach to product and service to take its advantages. CONTINUE…..
Physical evidenceItreferstotangibility,size,structure, design,packaging,physicalpresenceof goods and others. Therespectivefirmhastheironline website which is more efficient and easy to use for client. This hospitality organisation hasgoodstructure,designandinterior which is able to attract clients. CONTINUE…..
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Conclusion From the above information, it can be summarise that marketing is an effective function for growth and development of a business. This division of a business company play different roles and responsibilities in term of increasing profit, maximise customer base and develop productivity of the company, to find out customers needs and demands. Marketing mix of two companies are defined to make comparison among two hospitality firms.
MarketingMixOfMarriott.2019.[Online].AvailableThrough:< https://www.marketing91.com/marketing-mix-marriott/>. Rudden, D., 2016, November. Can You Hear Me Now? Marketing Essentials for Audiologists in a Noisy Health Care World. InSeminars in hearing(Vol. 37, No. 04, pp. 325-339). Thieme Medical Publishers. TOMA, P.D.S.G. and GRĂDINARU, P.D.C., 2018. The Marketing Mix In A Luxury Hotel Chain.Contemporary Economy Journal. 3(2). pp.84-90. References