This presentation provides an overview of marketing essentials for the travel and tourism industry, focusing on TUI. It covers marketing concepts, processes, the role of a marketing manager, interrelation between functional departments, and the value of marketing in TUI.
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Marketing Essentials for Travel and Tourism
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Table of Contents 1.INTRODUCTION 2.Marketing concept related to current and future trends 3.Different marketing processes 4.Role and responsibilities of marketing manager 5.Interrelation between functional departments in TUI 6.Value and importance of marketing manager in TUI 7.CONCLUSION 8.REFERENCES
Introduction Marketing is the approach that is being used for buying and selling products through different marketing strategies that includes marketing mix that consistsofproduct,price,placeandpromotionthatfacilitatean understanding of market regarding consumer taste and preference. There are different marketing concepts that are associated with purchasing power of consumers. This report is based upon TUI company. It is travel and tourism operator that provide services in different parts of United Kingdom. Company was founded by Roy Thomson in 1965.
Marketing concept related to current and future trends Concept of marketing helps in satisfying needs and demands of consumers that helps in taking rationale decision for the company. These decisions enhance competition in the marketplace that fulfil needs and bringing more opportunities in TUI. Different marketing concept in bringing effectiveness while working in the company. Production Concept Product Concept Selling Concept
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Cont… Trends that is running in marketing is relationship marketing that emphasize in building relation with customer by satisfying their needs and demands and retaining employees. TUI use this strategy for the purpose of satisfying demands of consumers and building customer relationship management. This relationship will attract more consumers and brings efficiency in doing work for the future.
Different marketing processes There are different marketing processes that is being used by marketer includes situational analysis, marketing strategy, marketing mix decisions and implementation and control these stages help is satisfying needs and wants of consumers. Situational Analysis 5 C analysis PEST Analysis SWOT Analysis
Cont… Marketing Strategy -After identifying opportunities and unfulfilled needs and wants of consumers planning is done for development of opportunity in the future. Through marketing research different information will be identified and targeting specific customers that are able to buy products and services. Strategy will include segmentation, targeting and positioning and lastly value proposition in the market. Marketing mix decisions -In this stage decisions is taken based on certain parameters of marketing mix. This include development of product as designing, packaging, decisions related to pricing ,contracts related to distribution and lastly promotion will be done by organizing campaign for development in the future.
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Cont… Implementation and control -This is the last stage that emphasize on development of marketing plan and product will also be launched that brings more opportunities and lead to emphasize on catering needs and wants of consumers as new product will be launched into market for providing them better quality product to them. After targeting market needs will be fulfilled and provide better results to consumers for the future.
Role and responsibilities of marketing manager Marketing manager in TUI is responsible for maximizing profit of the company. They are responsible for various activities that is being conducted by them are as follows:
Interrelation between functional departments in TUI There are different functional departments in TUI such as human resource, marketing, finance and information technology. Relationship between human resource and marketing department Human resource is an important functional department that is responsible for managing and coordinating activities of TUI. In relation to it marketing segment is responsible for advertising product in the market. Market influence on both of these as if vacancy is vacant then it will have to inform marketing department so it will promote in newspaper regarding available vacancy in the company.
Cont… Relationship between finance and marketing Financedepartmentispillarforthecompanythatisresponsiblefor managing inflow and out flow of cash and managing budget for the future course of action. Marketing department is responsible for introducing new product into market. They both have influence in market as finance department is providing finance to marketing segment. There are different aspects that will influence availability of product and services into company. It is essential to provide finance for doing promotion in the marketplace.
Value and importance of marketing manager in TUI Marketing manager plays crucial role that help in selling product and services to customers. It helps in organizing different event that bring awareness among people related to product that is being sold in market. They are using different marketing strategies that helps in branding through which it can have larger market share and attract more consumers towards it.
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Conclusion According to presentation it can be concluded that different functional department plays a crucial role in the company. They help in development of employees that are doing business and increasing efficiency that lead to growth in business. Theyallplaysignificantroleincompanyasdifferentdepartmentis responsible for performing different activities. They are related to each other and performing different function that will be creating various aspect in the company.
REFERENCES Books and Journals Dileep, M.R. and Mathew, V., 2017. Marketing of Tourism Industry: EnhancingServicesthroughMarketingMixElements.InStrategic Marketing Management and Tactics in the Service Industry(pp. 304-329). IGI Global. Dioko, L.D.A., 2016. Progress and trends in destination branding and marketing–abriefandbroadreview.InternationalJournalofCulture, Tourism and Hospitality Research.10(1). pp.5-13. Eletxigerra, A., Barrutia, J.M. and Echebarria, C., 2018. Place marketing examined through a service-dominant logic lens: A review.Journal of destination Marketing & Management.9. pp.72-84.
Cont… Kotoua,S.andIlkan,M.,2017.Tourismdestinationmarketingand informationtechnologyinGhana.Journalofdestinationmarketing& management.6(2).pp.127-135. Mahrous,A.A.andHassan,S.S.,2017.Achievingsuperiorcustomer experience: An investigation of multichannel choices in the travel and tourism industry of an emerging market.Journal of Travel Research.56(8). pp.1049-1064. Othman, B. and et. al.,2019. The influences of service marketing mix on customerloyaltytowardsUmrahtravelagents:Evidencefrom Malaysia.Management Science Letters.9(6). pp.865-876. Pappas, N., 2017. Effect of marketing activities, benefits, risks, confusion due to over-choice, price, quality and consumer trust on online tourism purchasing.Journal of Marketing Communications.23(2).pp.195-218.
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