This report analyzes the marketing essentials of Hotel Hilton, including the concept of marketing, current and future trends, marketing process, roles and responsibilities, and the marketing mix. It also includes a case study analysis of Hotel Hilton.
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Hospitality Marketing Essentials
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Table of Contents INTRODUCTION...........................................................................................................................3 ACTIVITY 1...................................................................................................................................3 Marketing concept, include future and current trends.................................................................3 Overview of Marketing process...................................................................................................4 Roles and responsibility of marketing functions.........................................................................5 Influence of marketing with other functions of company............................................................6 Value and Importance of marketing............................................................................................6 Marketing Mix of Hotel Hilton and Hotel Marriott.....................................................................7 Conclusion...................................................................................................................................8 ACTIVITY 2....................................................................................................................................9 Marketing plan.............................................................................................................................9 CONCLUSION..............................................................................................................................13 REFERENCES..............................................................................................................................14
INTRODUCTION Marketing is the process of advertising, promoting and selling of product to the customers (Baker and Magnini., 2016). Companies advertise their product and services in the market, so they can represent their product in the market. Marketing also help them to make new customers who are interested to buy their products. This report will take Hotel Hilton for case study because It is best hotel to define marketing essential. This report will analyse concept of marketing. It will include future and current trends in this industry. This report will provide different marketing process such as digital marketing, TV advertisement etc. it will provide roles and responsibility of the marketing function in Hotel Hilton. This report will include importance of marketing roles in this company. Report will also provide marketing Mix and it will compare 2 different Hotels which will be Hotel Hilton and Marriott Hotel. In the end of this activity report will provide relationship between all organizational function. Activity 2 will cover pretension. ACTIVITY 1 Marketing concept, include future and current trends Marketing is the concept in which companies implement strategies to satisfy needs and demand of the customers to maximize their profit (Bao., 2018). Marketing also help firm to take competitive advantages in the market and company can show their presence in the market. Marketing department of the companies try to make new strategies, so they can be able to set relationship with target customers. Current & future trends of marketing There are some trends in the Marketing which is helping Hospitality industry to grow more. It is important for theHotel Hilton to use this trends to expand their business in more countries. Here are current and future trends of the marketing: Relationship Marketing In this method Marketing team of the company focus on satisfaction of the customers rather than their number of sales (Bojanic and Reid., 2017). Marketing team try to make good relationship with their customers, so they can gain customers loyalty. Once they will able to make good term with their customers than they will be permanent
customerofcompany.Thiscanalsohelpthemtoearnreferralsbecausewhen customers are happy with the services and product then they tell other people about it. Industrial Marketing Industrial Marketing is known as BIB marketing (Chandiok and Sharma., 2017). In this marketing process one business provide their goods and services to the other business or company. This kind of business does not provide their services to the customers, they only provide their goods and services to other companies and make their profit from them. Societal Marketing Societal marketing is the proper marketing process which holds that organization shouldmake marketing decisions not only just considering the needs and wants of the customers (Chandiok and Sharma., 2017). They should look for the long term interest of the companies. Overview of Marketing process There various steps which is involved in the process of marketing. It is a process of analysing the current and future opportunities in the target market, development and management of the efforts of marketing and also help in the selection of right market. Market opportunities analysis One of the first element of the marketing process is find the opportunities which is available in the marketing. This can be related to the customers demand and their needs. They should conduct proper marketing research related to trends, product demand, customer behaviour etc (Dileepand Mathew., 2017). Company will collect the data and according to the data they can develop their product. Their product should have differentiation and their product design should be attractive. Selection of market It is necessary step of marketing process in which companies select the target customers. Main purpose of the company in this process is too carefully analyse of target market so company can choose final customers for their product. This is obvious that company is not able to satisfy needs of the entire market so it should divide into various market segment so company can select the best segment to meed their opportunities.
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Marketing Mix development After implementation of companies marketing strategies, they are ready to initiate their plaining of marketing Mix. Marketing Mix is composed with the 4 important p's which is Price, promotion, product and place (Dinçer and Alrawadieh., 2017). Company have to decide their price of the product which should be affordable for customers, product are goods of the company. Promotion- company will promote their product in the market so customers can aware about it. place – where company is taking entry. Management of marketing Mix This is action phase of the company where they enter the market with proper strategy and goods. Roles and responsibility of marketing functions There are different roles and responsibilities of the marketing Function inHotel Hilton (Dixit and et.al., 2019). Marketing team of the company is responsible to introduce their services to the customers, and they bring new customers for the Hotel Hilton. Listening to the customers needs It is important for the marketing team ofHotel Hilton should listen to the customers to find their demand. It is a responsibility of marketing team to make good relationship with them. Track new trends and monitor competition. Marketing team of the hotel is responsible to look for new emerging trends in the market,so theycan hotelcanprovidethebestaccommodationservices totheir customers (Hassanien and Dale., 2019). They also have to track competition in the market and their standing. New marketing tool Hotel Hilton's marketing team should be conscious about the new digital tools which can help themto grow in the market, and they can gain competitive advantages. Now there are various new marketing tools which is helping his industry to grow. Marketing team should be aware about those tools. Market research Hotel Hilton is one of top hotel, and they are expanding their business positively but there are other hotels in this industry who are giving competition to them (Loo and
Leung., 2018). Marketing team of this hotel should keep searching new markets, so they can stay in competition. Influence of marketing with other functions of company Marketing department have influence and Interrelation with every activity of Hotel Hilton. It also necessary for the marketing department to make good relationship with other function of hotel. This can help Hotel Hilton to be successful in their business. Relation with HRM HR department of the HotelHilton provide training to the marketing team of the Hotel, so they can increase their skillsand their potential. HR manager always develop the and increase the efficiency of the workers. Training programs make marketing team strong so Hotel Hilton should have powerful HR department. Marketing depart also help HRM through advertisement for the new vacancies in the Hotel, so they can bring new employees in the department. Relationship with finance department Finance is basis need of every department ofHotel Hilton so these departments can run smoothly and properly. Finance department of Hotel also provide necessary supportto the marketing department (Malik and Sharma., 2019). They provide finance to them for advertisement and promotion of the hotel services which can them to get new customersforcompany.Marketingteamcansavesomeamountfromthedigital marketing and various tool so finance department can use this cash in other department of the company. Production department Marketing department of the Hotel Hilton provide information related to the customersneedsandtheirdemand(Mirehie and et.al.,2018).Productdepartment develop product according to the information provided by marking team which help them to satisfy customers and marketing team fulfil their demand. Both departments are interconnected with each other and help each other to achieve objectives of theHotel Hilton. Value and Importance of marketing Marketinghas great valueandimportanceinthesuccess ofHotelHilton because this is a effective way to make good relationship with the customers so
company can gain loyalty of the customers. Marketing also help to build companies image and their reputation in the market. Reputation of theHotel Hilton can be build if they are able to satisfy their customers needs (Neuninger., 2017). Without help of strong marketing company cannot make their brand name and expand their business globally. Marketing also used as a communication mediumwhich can be used to inform customers. Marketing team of theHotel Hilton inform their customers about new offers and services. So they use and satisfy their needs. Marketing Mix of Hotel Hilton and Hotel Marriott BasisHotel HiltonHotel Marriott productHotelHiltonisproviding their hospitality services in allovertheworld(Sahoo., 2017).Theyalsoorganize loyaltyprogramsfortheir regularcustomers'Hilton honors programs'. They are alsohavingcollaboration withonlineplatforms, airlines and airlines. Hotel Marriott is one of the famous luxury chain in the world,andtheyare providing services such as resort, Hotels lodgings and Hospitality management. priceHotelHiltonistaking different prices according to their hotel locations. Hotels which are situated near at beach are more expensive ascomparetothehotels locatednearbyairports. Their room prices are start from5000to35000 accordingtotheIndian rupee. HotelMarriottcharge accordingtothefacilities, andtheyarehaving different pricing strategy for theirrooms.Theyare provingluxuryroomsin affordable prices.
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promotionHotel Hilton is a well-known hotel, and they are focusing to attract customers from all overtheworld.Theyare alsopromotingtheir businessthroughtheir website. Hotel Marriott is using video advertisementonsocial mediaplatforms,sothey can attract customers. PlaceHotelHiltonishaving businessinalloverthe world.Theyarehaving more than 5000 properties and hotels in 103 counties. HotelMarriottestablished their business in more than 118 counties in worldwide. PeopleHotelHiltonishaving talentedandskilfulstaff (SlootwegandRowson., 2018). They provide regular training to staff, so they can providequalityservicesto the customers. HotelMarriottdelivertheir services to gain customers loyalty.Thiscompanies vision is to provide quality services to their customers with affordable price. processHotelHiltonisconsidered as one of the best managed hotel in the world. They are havingstrongHR department who bring skilful people in their company. HotelMarriottconcentrate toprovidequalityservices to their customers. Physical evidenceHotel Hilton have maintain theirimageinthewhole world. BuildingandtheirResorts are their evidence.
Conclusion TherearemanyFunctionaldepartmentintheHotelHiltonwhichare interconnected with each other. HRM is connected with the all department and HR manger ofthecompany provideemployeesineachdepartmentof thecompany. Financedepartmentworktoprovidecashtoeachdepartment,sotheycanbuy resources anddevelop their department. Production department take information abut the product from marketing department, money from finance department and research information from the research department (Stalmirska, Whalley and Fallon., 2019). As it is researchdepartmentalsoneedhelpofotherdepartment,sotheyconducttheir researches about product. They need proper team for the research they contact to the HR department, and they recruit new people for research. They all are connected with each other and it is important for Hotel Hilton to have strong team and strong functional department.Companycangrowiftheirthefunctionsofdepartmenthavegood relationship with each other. This is a only way to get success in the business. ACTIVITY 2 Marketing plan Executive Summery This report has analysed marketing plan of Hotel Hilton. This plan has been covered mission, Vision, objectives of the company to understand their business plan. This report has covered SWOT analyses to Hotel Hilton, so they can find their Strength weakness and opportunities. Report has also included Marketing Mix, financial planning and monitoring & controlling. Mission HotelHilton's missionistobecomeaworld's besthospitablecompanyby providing their customers best experience to their customers. They want to provide high values to the community and their owners. Vision To fill world with the warmth and light of hospitality by delivering exceptional experience to their every guest, hotel and every time. Objectives ï‚·To become world best hospitality providers.
ï‚·To have strong and skilful workforce so Hotel Hilton can increase their growth ï‚·To provide customers satisfaction with their quality services ï‚·Recruitment of new employees SWOT Analysis Strength ï‚·Hotel Hilton have reputation in the hospitality industry. ï‚·they are having hotels in 103 counties which strength of this company. ï‚·Hotel Hilton are working in this industry from more than years which shows that their goodwill in the market. ï‚·Technology is main source of attraction toward these hotels, which makes this hotel best. ï‚·More than 17000 employees are working in this company, and they all well- trained. Weakness ï‚·They have reputed name in the global market, but they haveonly limited shares . ï‚·Activities and operations of the Hotel Hilton is affected by the polices of the government because every country have different tax structure and polices. Opportunities ï‚·There are some potential markets whereHotel Hilton can expand their business and achieve high profitability in their business. ï‚·They can gain opportunities by innovating services for customers and create better experience for them. ï‚·They should analyse new technology trends to take competitive advantages. ï‚·If they use pricing strategies then they can achieve high growth. Threats ï‚·Competition is increasing on the basis on prices. ï‚·Some of famous brands hold markets strongly which is threat for Hotel Hilton. ï‚·Most of the counties are suffering from economic problemand this is affecting Hotel Hilton as well. Marketing Mix
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Product Hotel Hilton is selling varieties of the products so customers have different choices. Customers can select their products and services according to their demand. They are proving higher facilities to the customers, so they are willing to pay high prices to rent a room in the Hotel Hilton. Price Hotel Hilton is using pricing strategies to compete with their competitors. They are using data of their competitors which is easily available online so it is easy to set prices for their rooms and services. Place Hotel Hilton have stronghold on most of the counties. Now they are looking to expandtheirbusinessondevelopingcountysuchaschina.Theyhaveenough opportunities in this market because on the basis of population this company comes in 1st position in all over the world. It will be easy forHotel Hilton to target amount of customers in this country. Promotion They are promoting their Hotel through various promotional strategies such as newspapers, TV advertisement and Digital marketing. There teams have enough skills to promote Hotel in various market with low budget. They are having advantages from the websites and media coverages because they are famous Hospitality chains in the world so media take theirinterview so this is free advertisement for them. Most of the website articles use their name to gain viewers which is also a free promotion forHotel Hilton. Physical evidence Hotel Hilton is having properties in internation market which shows their physical evidence. They have 5757 properties People Hotel Hilton believe to gain loyalty of the customers by providing high quality services, so they train their employees to increase their skills and also announce seminars and call exerts from this industry. Process
Hotel Hilton work on the booking system so customers book their rooms and according to them their service team clean rooms andwhen customers reach to the hotel then staff member welcome their guest. Financial plaining There is proper financial plaining of Hotel Hilton which is divided into the salaries of employees, Marketing campaign, training to employees. Budget of the Hotel Hilton is 1,15,000. they are recruiting 10 new employees. ParticularAmount Total salaries of the 10 employees50000 Marketing50000 Training & development program15000 Estimated cost1,5000 Monitoring & Controlling KPI's KPI'sisknownasKeyperformanceIndicatorwhichisusedtomeasure performanceoftheemployees.ThistoolwillhelpHotelHiltontomeasuresthe performance of company after implementing new marketing plan. They can see the process and training programs which is their objective. Manager of theHotel Hilton will measure and if they will found any problem in the plaining and strategies then they can develop new strategies in particular areas. There will be some areas where indicators will be set and measure the performance by superiors of the company, so they can monitor and control the process and plaining. Feedback Feedback is also a best tool to monitor the performance and control employees after making the marketing plan for theHotel Hilton. Superiors can use this to motivate their employees as well. They can take feedback from the employees who are working in theHotel Hilton, and they will provide the suggestion to them. This information can be used to see effect of the marketing plan how if will affect on theHotel Hilton's profitability and activities.
Benchmark Benchmarkis the reference which can be used to measure the performanceof the marketing process of Hotel Hilton. In the marketing plan survey, a Hotel Hilton is a marketwhichisestablishedattheknownelevationwhichusedtomeasure performance. CONCLUSION As per report has been analysed concept of marketing properly. It has been concluded future and current trends in this the marketing such asIndustrial Marketing, Societal,Marketopportunitiesanalysis.Thisreporthasbeenprovideddifferent marketing process such asMarket opportunities analysis, Marketing Mix development, Management of marketing Mix. it also has been provided roles and responsibility of the marketingfunctioninHotelHilton.Thisreporthasbeenincludedimportanceof marketing roles in this company. Report have been analysedmarketing Mix and it has been compare 2 different Hotels which will be Hotel Hilton and Marriott Hotel. In the end of this activity report has been covered relationship between all organizational function. Activity 2 has been covered marketing plan of Hotel Hilton.
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Sahoo, P. R., 2017. An analytical study on the perception for the application of electronic distribution system by the hospitality industry. Slootweg, E. and Rowson, B., 2018. My generation: A review of marketing strategies on different age groups.Research in Hospitality Management.8(2). pp.85-92. Stalmirska, A., Whalley, P. and Fallon, P., 2019. Food as a Component in Destination Marketing. InTourist Destination Management(pp. 123-141). Springer. Cham.