A Comparison of Marketing Methods of Multinational Hotel Chains
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This report compares the marketing strategies of Marriott Hotels and Premier Inn, two multinational hotel chains. It discusses their market choice, advertising methods, product strategies, market sustainability, and green message. The report also highlights the impact of COVID-19 on their sales and how they responded to it.
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Title A comparison of the marketing methods of multinational hotel chains
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Table of Contents INTRODUCTION................................................................................................................................3 TASK....................................................................................................................................................3 CONCLUSION....................................................................................................................................5 REFERENCES.....................................................................................................................................6
INTRODUCTION Marketing isbasically refers to the procedure of exploring, designing, creating, and delivering the products and the services to the targeted audience in order to satisfy the wants and the needs of the customers. The procedure of marketing include selecting the appropriate target audience, choosing definite themes, advertising campaigns, designing of the product, packaging design to attract the purchaser and so on.this respective report is aimed on two companies, the first one is Marriott Hotels which is basically a multinationalcompany which offers the hotels as well as the resorts. Which was founded in 1927 in Washington by J. Willard Marriott and Alice Marriott. They serve worldwide at approx 665 locations and their main headquarters are located in Bethesda Maryland. The other one is the Premier Inn. Which is one the UK's largest hotel brand. Their hotels are situated in different places like city centres, airports etc. it was founded in 1987 by Whitbread. They serve invarious countries like united kingdom, Qatar, Germany, and many more(Ali, and Anwar, 2021).The following report is a discussion which is going to include the comparison between the marketing strategies of both the companies and what sort of green message they are providing to the environment. TASK Market choice is basically a market selection process in which an organization decides which market to invest in and pursue. One of the most important things companies need to consider that while choosing a marketplace, thereis how much growth of the potential market. The management of theMarriottHotel belongs to a hotel and tourism industrythat have their hotelsand resorts invariousregions of the world. The company focused onforemost of the marketby offering the finest quality of commodities andservices to its customers. A devoted grouphas been developed within the organizationto give their viewson the variousaspectsin the organization that help to meet the needs of both the guest and the company itself. Recently, a marketing method in the print media has beenutilisedby the MarriottCompany to sponsortheir brand in the marketplace. They advertise with thehelp of the press, voyage and hospitality magazines, leaflets and flyers. But in this day and age, each company is promoting their brand with digital PR memes and digital promotion strategies (Kingsnorth, 2022). The company hasrenteda specialized team toprep an eye-catchingcontent for its social media platform tocatch the attention of more and more customers. On the other hand, premier inn also focuses onproviding tremendous and class services to its customers. Recently, premier inn company uses telemarketing and vocal marketing method, where it attractsthe buyerwith cold calling and SMS. This is measured as one of themost tricky and helpfultraditionalmarketing methods. By using telemarketingmethods, theconversion achievementrate compared to cold calling for the company is only 5-10%. In modern times, video
taggingprocessand contextual marketing method have been adoptedby the corporation where they makeYouTube videos and other social media methods. The advertising situation is basically a method used by the organization to builda fine and exceptional representation of the brandin the minds of the consumers. The two companies use 4 PS Marketing for this. In line with the Marriott Hotel, the Company's product strategy is to provide lavishnesshospitalityservicestoitsconsumers(ChaffeyandEllis-Chadwick,2019.).They recommendtheir customers spacious rooms, banquet halls, gardens, bars, restaurants andample varietyof dining options withappetizingdishes. All employees who work inthe corporation are fine skilledand ensure thecomplete happinessof their customers. Additionally, the Marriott hotel's management is focused onthe finest quality prices for its merchandiseas ittargets high-status businessand socialites. They alsooffer their clientsdiscounts on group bookings and on extended days. Apart from that, they have provided their customers with free meals, free suites and many more to keep them satisfied. In addition, the presence of Marriott hotels is almost everywhere in the world. They have developed around 679 properties under the same brand name and are currently present in almost 56. Marriott is the main operator of the franchise system. Additionally, media channels are utilized by Marriottto make sure their clientsare satisfied with their hospitality services. Digital media methods and digital PR memes are used by the organization to promote their product in the market. In line with the premier inn, the company's product strategy is to also offer its customers excellent quality of service. The high product quality has been maintained by the company's managementby adding upvalueat various phasesof the value chain. In addition, the management of the premier inn focuses on a hybrid pricing strategy to achieve high value for its product. The company has applied premium pricing, psychological pricing strategies, and geographic strategies. Becausethecorporationhasanumberofseveralproductlinesandgroups,theyutilisea psychological pricing strategy that helps generate higher sales. Along with this geographic pricing strategy, they help them set the priceaccording to the region, which helps them innonstopsales growth. In addition, the company is present all over the world. They have their properties in 100 countries. In addition, they mainly rely on word of mouth, but in this day and age, they rely on word of mouth. This is considered one of the quickest ways toattain potential consumers (Lee, and Johnson 2019). The Marriott services are segmented by bundle and ambience. Services offered by them such as spa, gym, housekeeping and many more. The Marriott company's product was chosen by them based on income levels and bundled services. To do this, they use a differentiation strategy that helps meet consumer needs. The respective company positions itself as a prominent player in the hospitality market. On the other hand, premier inn segmented its services by personal services.
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They have basically divided their market into 5 classes i.e. H. Luxury, Upscale Upscale, Upscale, Mid-range, Economy/Budget. They target the upper upscale with their intercontinental hotels. Basically, they do not target the luxury market, but offer their customers luxury services at a reasonable price. In terms of market sustainability, marriott Hotel identifies the different obstacles to compete in the market anddevelops many other strategiesto address them. Also identify, together with the management of the company, the different potentials such as financing and much moreto build up in the market. On the other hand, premier inn Hotel identifies thea variety ofcost saving and cost efficiency opportunities that improve their sustainability and helpthem benefit from thecompetitive advantage over their rivals(Morgan, and et. Al, 2019). In terms of green message marketing, marriott Hotel uses most of the marketing strategies on paper like posters, brochures, magazines and many more lately. In order to minimize theusage of natural resources, the organization hason the go toimplement the use of digital platforms to carry out theirpromotionactivities. On the other hand, premier inn use telemarketing methods that hurtthe animals. To solve this problem, they started to implement the use of digital PR memes on theirseveraldigital platforms in their marketing activities. As a result, both improve their sustainability in the market and developa good brand identityin the minds of consumers. After the outbreak of the COVID-19 pandemic,vast negativeimpact has been found in the hospitalitybusiness, people don't go out fromhome due to thisproblem. This leads to a decrease in sales of the two respective companies. In relation to this pandemic, the Marriott Hotel is following the rules and regulations developed by theadministrationregarding hygiene. On the other hand, premier inn Hotels position themselves by offering different discounts to theirclients to boosttheir sales. Along with this pick and dropservicewas also provided by both the organisation(Baker, and Sinkula, 2019). CONCLUSION From the essay it has been concluded that there are several types of strategies of marketing which are accessible in the marketplace and aids the company to enhance their sustainability. The essay concludes that the premium pricing strategy is being followed by the Marriott hotel for their services and the product. The psychological as well as the geographical pricing strategy has been used by the premier inn for their products and the services. Lastly the essay concludes the comparison between the two hotel brands and what are the strategies they have been following and their current position in the marketplace also what is the green message they are giving.
REFERENCES Books and journal Ali, and Anwar, 2021. Marketing Strategy: Pricing strategies and its influence on consumer purchasing decision.Ali, BJ, & Anwar, G.(2021). Marketing Strategy: Pricing strategies anditsinfluenceonconsumerpurchasingdecision.InternationaljournalofRural Development, Environment and Health Research,5(2), pp.26-39. Kingsnorth, 2022.Digital marketing strategy: an integrated approach to online marketing. Kogan Page Publishers. ChaffeyandEllis-Chadwick,2019.Digitalmarketing:strategy,implementation&practice. Pearson uk. Lee,andJohnson2019.Cause-relatedmarketingstrategytypes:assessingtheirrelative effectiveness.Journal of Fashion Marketing and Management: An International Journal. Morgan, and et. Al, 2019. Research in marketing strategy.Journal of the Academy of Marketing Science,47(1), pp.4-29. Baker, and Sinkula, 2019. Environmental marketing strategy and firm performance: Effects on newproductperformanceandmarketshare.Journaloftheacademyofmarketing science,33(4), pp.461-475.