Roles and Responsibilities of Marketing Function in Hospitality Marketing
Verified
Added on 2023/01/19
|10
|2210
|96
AI Summary
This report addresses roles and responsibilities of marketing function, relation of roles and responsibilities to organizational context, marketing plan.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
HOSPITALITY MARKETING ESSENTIALS
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
TABLE OF CONTENTS INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 LO 1.................................................................................................................................................3 P1 Roles and responsibilities of marketing function..................................................................3 P2 Relation of roles and responsibilities to organizational context............................................4 LO 3.................................................................................................................................................5 P4 Marketing plan.......................................................................................................................5 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Marketing essentials are basically the various tools which helps the organizations to achieve their goals by advertising and promoting their products on large platform. Hotel Savoy is the luxury hotel which is being established in 1889 and headquartered in London, UK. It provides the full range of services and products to the customers. This report addresses roles and responsibilities of marketing function, relation of roles and responsibilities to organizational context,marketing plan. MAIN BODY LO 1 P1 Roles and responsibilities of marketing function Marketing is basically the various activities through which the organizations promotes their product on large platform and thus take their brand message to wider audience. Various marketing functions are Market research This is the most important functions of marketing which is the process through which the organizations gather various information about the market, market trends, competitors, needs and wants of the customers (Bowie and et.al.,2016). The major role of marketing in The Savoy hotel is that it gather the relevant and reliable data about the market and its attributes and thus satisfy the needs of consumers. On the other hand, major responsibility of marketing in this function in The Savoy hotel isto understand the business objective and thus collect the data with the use of mixture of traditional as well as modern methods and also to consolidate the information to meet the business goals ad objectives. Product development Another major function of marketing addresses product development. This function basically defines the various innovative product which the organizations produce to meet the demand of their consumers. The primary role of marketing within this function in The Savoy hotel is to collect the information about needs of the customer and thus design the product which suits their demands. On contrary to this, the major responsibility of marketing in this function in this hotel is to build the new product or makes changes in the existing one by carrying out the feedback and surveys from consumers abut their expectations.
Branding One of the significant function of marketing is grading which is predominately providing nameorsymboltotheproductsandservicesthatdifferentiatetheorganizationforthe competitors. The main role of marketing in branding in The Savoy hotel is to analyse the markets as well as strengths and weakness of the various competitors and thus choose the name or logo or symbol which is out of the box and this distinguishes them for other competitors like Marriott hotel etc. (Nicolaides, 2018). Besides this, the primary responsibility of marketing in this hotel improve the brand recognition by developing by developing a well through brand plan and thus manage the brand structure. P2 Relation of roles and responsibilities to organizational context Interrelationship between departments Marketing with HR Marketing department is basically concerned with selling and advertising the products at large platform and thus bring great number of customers for the company. HR on the other hand is responsible for hiring the right kind of staff and thus retaining them.They forms a close relation with each other in The savoy hotel where marketing department analyse the present as well as future trends of the market and thus estimate the amount and number of skilled employees that will be required for meeting the future uncertainties which helps HR and they recruit that number (Baker and Magnini, 2016). Besides this, the HR department of this hotel hires the skilled employees who are able enough to sell and entice the customers for the products and services. Marketing with Finance Financeisbasicallyresponsibleformaintainingthefinancialperformanceofthe company and thus manage the cash-flow as well as allocate the budge for various activities. The marketing department of The Savoy hotel sets the various programmes as well as campaigns for promoting the services and products of the hotel that increase the cash-flow and sales with the hotel. They prepares the reports which involves gross per sales of the campaign and thus assist finance departmentfor managing finance. Finance department on the other hand monitor the trends of sales as well as expense trends and thus allocate the budget for various activities of marketing.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Marketing with research and development The R & D department ids basically involve din making new products and making the servicesmorebetter.Theyhavea stringrelationinTheSavoyhotel.Whilemarketing department of this hotel through market research brings the needs and expectation of customers from the products, R & D on the other side through the use of this data designs the new products as well as brings range in the services that suits the needs of consumers. Significance of interrelationship The main importance of all these interrelationship is that ultimately each and every department helps the Savoy Hotel to increase their business performance and thus enhance their profitability ratio. This link between departments ids highly important and hotel cannot survive if thereislackofcoordinationbetweenthevariouscomponentsanddepartments (Dzhandzhugazova and et.al.,2016). While one department helps the organization to attract the customers and build efficient customer base,other departments on the other hand helps them to manage their work by allocating proper budget, providing them the efficient workforce etc. Therefore,each and every department contribute towards the overall productivity of the Savoy hotel and help them to expand in wider geographies. LO 3 P4 Marketing plan Executive summary The Savoy hotel provides a range of services as well as amenities to their customers and thus also have various products which entice the customers (Fyall and et.al.,2019). The mission of the hotel is to provide and thus offer world class lodging services to the consumers which are from different backgrounds, religions. This hotel has the proven record of the corporate leadership as well as the competitive advantage and thus exceeds the guest experience. Mission To increase the lives of various customers through the creation of leisure experience and thus improve the lives. Vision To become one of the premier provider as well as facilitator of the leisure and vacation experience across the world.
Objectives To enhance the sale of products and services by 20% before the termination of 2020. To capture a large market share of around 30% before the closing of year 2022. To increase the experience of customer by 10% in forthcoming 5 months. To rise the profitability ratio by 20% before the year 2020. SWOT analysis Strength The main strength of The Savoy hotel their exceptional performance in the market and thus the hotel have built expertise by entering into the new markets. Another strength is string cash flow from the market due to the expansion of their new projects. Weakness The major weakness which has dominated this hotel is that it not much successful in integrating the various small companies having numerous work culture.One more weakness is that it has high number of attrition rate as compared to other hotels and thus spends less for the development and training of their employees. Opportunities The company has increased a large amount on the online channels and thus this has openednewwaysforpromotingtheirproductsansservices.Besidesthis,theadvance technology gives an opportunity to the company for exercising different pricing strategy. Threats The main threat for the Savoy hotel is the presence of highly established competitors in the market like Marriott hotel, Hotel Hilton etc which have a wide customer base and may threaten the position of this hotel (Hsiao and Ma, 2017). 7Ps of hotel Product The Savoy hotel provides a range of amenities and services which includes meeting, wedding,special event services, lounges, restaurants etc. It has three types of products. One is core product which includes its hotel rooms. Second is facilitating products which includes its bars, restaurants etc. last is supporting services which includes additional products like 24/room service.
Place The Savoy hotel has around 745000 rooms and thus operates in more than 78 countries as well as territories. This hotel has its own 267 rooms which also includes suites and have more than 7 restaurants that includes bars. Promotion The hotel focuses on the exclusive services and thus attracts the customers through wide range of promotional strategies like highlighting on premium magazines, word of mouth, as well as e-mail marketing (Lynch, 2015). Price Hotel Savoy during the occasional seasons uses premium pricing strategies and thus due to its high quality, it generally charges the high prices form its customers. In the regular go, it follows penetration pricing strategy where it sells the basic products and provides basic feature to the customers at low price to suit their needs. Process The process of the flow of services and the activities in hotel is imperative and significant. It consist of the reliable process as well as well managed supply chain that helps to minimize their operating cost. The flow of services mainly occur through its web portals. People Hotel Savoy comprises of highly trained and expert staff which are trained to a high extent as to serve the customers better. It has around 1000 chefs all around the worlds which are well trained and thus follows the food standards. Physical evidence The hotel has a great presence of the working properties across the world. The trained workers of the hotel are regularly involved in cleaning the rooms clean and thus maintain hygienic environment which attracts the customers. Budget ExpenseAmount Rent£60.00 Salary£30.00 Total£90.00
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
STP Segmentation The Savoy hotel generally uses demographic segmentation and thus targets the particular group of customers on the basis of their location at international as well as national level. It emphasizes on development of the hotels on popular locations having the target customers. Targeting The hotel targets the niche market and thus uses concentrated targeting within which the hotel promotes their products and services to the small target group of customers and thus sell to specific market. Positioning The Savoy hotel focuses on the price quality positioning where the hotel provides services at affordable price along with world class quality. To suit the needs of middle class to high class their prices ranges but the quality remains top class. Monitoring and controlling Monitoring When the hotel brings any modification in their existing services or brings the new product then then the hotel monitors their promotional activities. The hotel prepares the business budget and then compare the results of promotion with this to keep a track of their activities like expenses in promotional campaigns etc. Controlling Once the monitoring is done, hotel analyses the outcome of their promotion activities by controlling the various tools and assessing them. The various control tools are used by them to review deviation of results from estimated budget like ratio analysis, sales analysis.
CONCLUSION It has been summarized that there are various functions of the marketing like market research,product development etc. in which the role of marketing is imperative and thus involves fulfilling the needs and demands of the customers. These roles and responsibilities of the marketing helps an organization to achieve their goals and thus establish the position in market. For gaining this competitive advantage, organization built the marketing plan in which they evaluate various strategies which will helps them in attracting customers.
REFERENCES Books & Journals Baker, M.A. and Magnini, V.P., 2016. The evolution of services marketing, hospitality marketing and building the constituency model for hospitality marketing.International Journal of Contemporary Hospitality Management.28(8). pp.1510-1534. Bowie, D and et.al.,2016.Hospitality marketing. Routledge. Dzhandzhugazova, E.A and et.al.,2016. Innovations in hospitality industry.International Journal of Environmental and Science Education.11(17). pp.10387-10400. Fyall, A and et.al.,2019.Marketing for Tourism and Hospitality: Collaboration, Technology and Experiences. Routledge. Hsiao,A.andMa,E.,2017.Internalmarketing.RoutledgeHandbookofHospitality Marketing.pp.224-233. Lynch, P., 2015. Understanding hospitality.Hospitality & Society.5(1). pp.3-5. Nicolaides, A., 2018. Ethical Hospitality Marketing, Brand-Boosting and Business Sustainability.