This report discusses the role of marketing in Travelodge hotel and explores the TOWS matrix, marketing objectives, marketing mix strategies, and customer service engagement strategies.
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INDIVIDUAL REPORT
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TABLE OF CONTENT INTRODUCTION..........................................................................................................................2 MAINBODY...................................................................................................................................2 TOWS for Travelodge................................................................................................................2 Marketing objectives....................................................................................................................5 Marketing Mix Strategies............................................................................................................7 Customer Service Engagement Strategies..................................................................................9 CONCLUSION..............................................................................................................................11 REFERENECS..............................................................................................................................12 INTRODUCTION
Marketing can be defined as the set of activities that undertakes by organization to influence purchasing or selling of goods or services. it comprises advertising, selling and supplying of products to the end users or other businesses. The main aim of the report is to provide understanding role of marketing in Travelodge hotel. MAINBODY TOWS for Travelodge It is strategic planning tool that is used to generate strategic options after analysing threats, opportunities, strengths and weaknesses. It is used to analyse external environment for thestrategicadvantageperspectiveanddeterminesomestrategicoptionsforthefirm. Travelodge applies Tows Matrix to identify strategic option through external environment analysis. Tows MatrixExternal opportunities (O) Travelodgebecomes morereputablebrand duetohigh engagementineco- friendlysustainability program. It makes plan to expand it’sbusinessinthe globalmarketwhich supportstoimprove brand image as well as generates more profit. Itplanstoinvolve customerrelationship managementto influence wellbeing of customer’sand company. External threats (T) Limited international presencebecauseit focuses only UK and Irelandmarketthat causes other foreign touristmaynever listenabout Travelodgeas comparedother familiar brands. Recentterrorist attacksand immigrationpolicy controversiesetc. leads higher security in the UK as result limitspeople movement. Coronavirus pandemicisalso another threat for the companybecause people avoids to take hotelservicesas resultreduces demandsforthe hotel services. Internal Strengths (S) Affordableprices S-O (Strength-Opportunity) Gainbusiness S-T (Strength- Threats) Travelodgebusiness
roomsincluderates forfamilyrooms, doubleroomswith special deals etc. Itoffershotel accommodationfor the two main market segments i.e. families andbusinessusers (Černý,Vaněk,and Hubáček, 2018). TravelodgeBusiness AccountCard programrunsby Travelodgeforthe premium customers. Ithasgoodbrand presenceacrossthe UK along with more than 500 facilities. development opportunities with cost friendly methods. Targetspecific customerbaseforits services. Launchingbusiness accountcardprogram toattractagreater number of customers. accountcardwill attractinternational tourist. Improvesecurityto overcome the effect ofanyterrorist activities. Internal weaknesses (W) It unable to occupy its guest with wide range ofproductand services. Physical appearance o the room is plain or unattractive Travelodge unable to give higher values on experiencewith extensivechoicethat is major weaknesses W-O (weaknesses- opportunity) Reputation of company willattractmore customers that will fill occupancy. Businessexpansion willimprovethe customer experience. W-T(weaknesses-Threats) Businessexpansion willimprovethe international presenceof company. Improveproduct choiceswillalso improvethe customer experiences(Rudy and Prasetia, 2018). SO strategy Travelodge offers affordable budget rate family rooms and double rooms with special deals whereas it has opportunity to expand its business across the world. So, this strength supports company to expand its hospitality services globally and attracts customers towards hotel to buy services. With the strength it effectively can generate high revenue in the business market. It targets family and business customer and offers special offers to this segment. It is majorstrengthofthecompany.Ontheotherhand,itinvolvesineco-friendly
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sustainability program that improves brand image in the global market. This initiative helpscompanytobuildbrandimageincustomer’smindandimprovesguest engagements. BusinessAccountCardprogramalsoorganizesbyTravelodgeforthepremium customers. this program helps company to access potential customers and generates high revenue from them. In addition, it gets opportunity to expand its business in the global market then it can use this strength to attract potential customers to buy its services. ST Strategies Promotion of travel lodge business account card. Strategic alliances with different security company. WO Strategies Digital marketing campaign will launch. Business expansion strategy will implement. Product expansion strategy will implement. WT Strategies International business expansion strategy will be implemented. Marketing objectives Marketing objectives are defined as the fundamental’s behinds conducting marketing campaigns of a company. Objectives are the key drives that play a role behind running a campaign. On the basis of the company's marketing objectives company frame all strategies. Travelodge Company operate its operations in travel and tourism sector. Following objectives can be worth to follow for running a marketing campaign of company. Improvegrowth:Allmarketingcampaignsruntoimprovethegrowthpotentialof the organisation. Growth is considered as the development of company. Marketing campaigns run by the company aimed to entertain more customer base towards buying company’s products and services. Travelodge Company can also run and develop its marketing campaigns in such a way that company can attract more number of customers for its services and products. Growth is also
a key objectives behind the business operations of the organisation (Kireev and et.al., 2016). This objective will drive company to form its marketing campaign in such a way that company can meet up all expectation of customers that will also support higher potentials of company to entertain growth for its products and services. Promotions always key factors that drive company to attract potential customer base to buy the products and services company offer as a part of the business operations. This objective is well suitable for all campaigns company launch as a part of its marketing activity. This objective will also motivate company to frame its campaigns in such a way that profitable outcome for business can develop. Improve growth is also a part of the main aim of the company. All stakeholders’ part of the company especially the investors and shareholders of the Travelodge Company wishes to see the company’s achieving constant growth in its business functions. With the support of this objective company will be able to project its services in the most attractive manner. Improve customer loyalty:All marketing campaigns launches by company aim to improve the customer loyalty. This is also among the most significant objectives behind launching a marketing campaign. Loyalty is defined as the connection between organisation and its customer base in respect to buying company’s services all the time when it is needed to customers. This objective will motivate company to frame the marketing activities in such a way that company can project all its services in the most attractive manner. Customer loyalties will also improve the company’s possibilities to entertain growth in the market. With the support of customer loyalty company will be able to entertain all its aims and objectives behind operating a business functions of the Travelodge Company (Koschate-Fischer, Huber and Hoyer, 2016). Customer loyalty also attracts more customer base towards buying company’s products and services. As the loyal customers also play a key role in improving the brand image of the organisation in the society. This objective will support company in improving the potential outcomes of the marketing campaign launches by the Travelodge Company. Promote company’s services:Promotion of company’s services is the main aim and objectives behind running a marketing campaign of company. Promotion of services offer by company is the ultimate objective behind the marketing campaign launches by the company (Wroblewski, 2017). This objective will drive company in projecting the services in such a way that it will look best in the business. Promotion drives company to attract all potential customers to buy company’sproductsandservices.Promotionistheultimateobjectivebehindrunninga
marketing campaign of company. These objectives will drive company to attract all potential customers towards buying company’s products and services. SMART Objectives Travel Lodge Company will follow the SMART Objectives to set clear objectives for its marketing activities. Specific:All objectives behind the marketing activities of company such as improving growth of company, achieve effective sales turnover and other objectives are specific in nature. All objectives make no confusion for the team. Measurable:All objectives are measurable in nature. The increment in sales of company can be measures in statistical manner. Sales and growth of company can be measured by figures. Achievable:All objectives of company can be achieved. Sales hike and increased growth rate of company can be achieved with the support of different marketing and promotional strategies. Realistic:All objectives set for the marketing activities of company are realistic in nature. Objectives are realistic which allows company to achieve such objectives. Time spam:Company has set the time frame of one year for all such objectives. All the above mentioned points are projected as the key objectives behind running a marketing campaign of company. Objectives are the fundamental tool that channelizes efficiency behind the marketing campaign of the company. All such objectives will also be suitable for the objectives behind the conducting business operations of company. Marketing Mix Strategies Marketing mix is the strategic actions of business organisation which improves the opportunity to grow and gain higher profit margins effectively. Marketing is the accumulation of different activities which increases the potential to attract customer and increase their satisfaction according to needs to wants. Marketing mix helps to focus on different segments which increase the efficiency to achieve objectives effectively(Oliveira and Pataco, 2017). Travelodge Hotel has to develop different strategies which can improve quality of customer service and compete in the market. By developing marketing mix strategies of Travelodge hotel, this increases the performance of business to attain objectives faster at lower cost. Product
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Travelodge is maintaining the quality of products and services in the market. There is a lot of competition which is rising in the market therefore these changes have to be got in. There are a lot of services which are provided to the customers according to the price they are paying in the organization for the products. It is very essential for the hotel to adopt technology which increases the performance of services to increase customer satisfaction effectively. Travelodge can implement digital equipment which reduces the cost of per room and also helps to increase the profitability of the hotel. Travelodge provides budget accommodation services to customers in the market which covers higher market share in comparison to luxury hotels. Itis analysed that due to increase in the demand of in gym and club houses in the hotel increases the potential of Travelodge to attract more customers and achieve objectives effectively. Price The hotel is pricing them low because that is attracting a lot of customers in the organization which is a very important factor for revenue generation. There are a lot of investments which the company is making in the technological and expansion of the hotel chain globally. The organization is launched themselves online so that they can make the customers more aware of the changes which the company is getting in the organization. It is because of the rise in competition the company is using skimming price strategy for themselves so that they can get a competitive advantage(Hudson and Hudson, 2017). This helps to reduce the cost of operation in the business to lower the prices. Middle class customers finds their satisfaction with the value of money they paid in the hotel and it very essential for Travelodge to reduce the prices and gain more loyal customers to achieve objectives effectively. Place Place is the most important factor in hotel industry as it impacts on the efficiency of all the other marketing strategies. Location of the business helps to increase customer attraction and provide more effective quality of services. Travelodge ensures that location of hotel is at prime location which is near the market place which increases the convenience of customers to travel in the market. Company also uses effective location to attract more customers and also support in themarketingofbusinesseffectively(Boediman,2017).Travelodgeishavingdifferent properties in different market which provides different experiences for customers and improve
brand image of the hotel in the market to increase the growth opportunities and achieve objectives effectively. Promotion Promotion includes advertising, personal selling public relations, brand image to increase the sales of the business(Khare and Bhagwat, 2019). It is very essential for Travelodge to analyse effective promotional strategy as there is high competition in the market.Hotel has to provide more effective team which ensures needs and wants to customers to adopt effective products and services in the promotion to attract customers. This also helps to increase the customer loyalty and higher growth of hotel to compete in the market effectively. Travelodge is focusing on lower and middle upper social class customer segment which helps to increase the customer base and generate higher profit turnover effectively. Process It is very essential for hotel to analyse the efficiency of whole buying process of customers and ensure the touch points to increase customer engagement effectively. Travelodge develop effective customer relations by implementing customer service which increases their satisfaction and loyalty in the hotel. This strategy helps hotel to increase performance of the hotel to gain higher profit margins effectively. Travelodge has implemented customer experience mapping strategy which will help to increase the efficiency to make better decisions and achieve objectives faster. People Hospitality industry is majorly dependent of employees which have to skilled to provide better experience to customers(Conlon, 2018). Employees have the potential to gain higher profit margin for the hotel if they have more effective skills and knowledge to make decisions and increase performance of organisation effectively. Travelodge has adopted training and development to their employees which increases the employee retention and also ensures reduction of employee turnover effectively. Hotel also provides different employee benefits which help them motivate and increase customer experience effectively. High performance workforce helps to grow Travelodge rapidly and also increases the opportunity to innovate new services which increase customer’s satisfaction to make them loyal in the business and gain higher profit margins effectively. Physical Evidence
Travelodge provides customer positive reviews and comments as the part of marketing which helps to influence other customers(Chandiok and Sharma, 2017). Hotel ensures that high quality of products and services at lower prices which increase customer experience and improve brand value effectively. Travelodge uses this loyal customer base as promoters of selling to their friends and families. Hotel also provides different schemes, offers and referral discounts to attract more customers which increase the brand name in the market effectively. Customer Service Engagement Strategies Customer engagement is very essential aspect of every business which ensures efficiency of business to grow. Satisfied customers have the potential to attract more customers without any additional cost in the business. Increase in the competition in the service industry and increase demand of customers has impacted the customer after services which pushed industry into professionalism. Engagement strategy helps to foster growth in the market and improve the opportunity for the future investment to survive in the competition effectively. Travelodge has developed different types of customer engagement strategies which supported hotel to increase the engagement level of customers in the business to increase efficiency of Enabling a leading brand marketing campaign. Social Media Travelodge is using social media platform to increase customer engagement level of hotel by providing effective information of all the products and services which are currently available by the hotel(Dzhandzhugazova and et al., 2016). This helps hotel to analyse tastes and preference of customers from the different markets and improve database to make effective decisions. It is very essential for Travelodge to implement analytical tools which determine the customer behaviour of the social media platform about the marketing campaigns which also helps to adopt new changes in the services which increases the potential of hotel to achieve objectives effectively. Product messaging Product messaging helps to attract more customers in the service industry as it helps them provide different services which are specifically designed for the customer segment effectively. Travelodge uses emails, text messages, calls to customers after categorising customers into different segments which also helps to increase the customer service engagement level of the
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hotel effectively. this is also very effective to provide more effective understanding about customers responsesand develop services according to their needs and wants to increase their satisfaction and make them loyal effectively. Free Trials Travelodge has started initiative in which customers are offered free nights in the hotel as lucky draw which helps to provide better experience to customers for the hotel and increase their engagement level. Customers are attracted faster to the free trials which also increases the customer base to attract more profit margins after satisfaction of the public effectively. This also helps Travelodge to understand the live experience of customers which is trueas they have not spent their money. This improves the opportunity for Travelodge to grow in the market and attract more customers to compete in the market effectively. VIP schemes and offers Special offers and schemes to customers helps to increases the trust of customers and improves their value(Bowie and et al., 2016). VIP schemes and offers help to develop positive binding between customer and hotel i order to increase satisfaction. For instance, Travelodge provides family discounts which increase the opportunity for hotel to increase their trust as they are very special to the business and this also helps to increase the brand value of the hotel in the market effectively. Value for money It is very essential for customers to provide low price services with higher benefits and better quality as there is high competition in hotel industry. Budget hotel is the most running segment in the industry and has majority of the growth opportunity to compete and gain higher profit margins.Travelodge hotel ensures that customers has value of money for all the services which are included in the packages and improves their experience which enhances customer service engagement level effectively. Customer Support After sales service is also very essential to maintain the brand value in the market and improve customer satisfaction. There are many hotels which uses unethical business strategies to increase their profits like fraudulent promises(Salman and et al., 2017). Travelodge provides all the information prior to the booking of the services offered to customers on their official website
which also helps to increase the potential to attract more customers. It also increases the perceived value of hotel in the market to increase brand equity to attain better profit margins effectively. CONCLUSION This report concludes that it is very essential for business to analyse market factors which increases market share of company effectively. Report explained the importance of marketing in hospitality industry due to increase in competition in global market. Due to impact of corona virus it has impacted efficiency of many hospitality businesses in UK which also includes Travelodge. With the help of marketing audit like TOWS analysis helped to improve the productivity of the company.This also enhanced the marketing campaign of Travelodge to achieve higher profit margins effectively. Marketing mix plan helped hotel to increase customer service level to gain more customer base and compete in the market effectively.
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