Marketing Essentials for Travel and Tourism (Part 1)
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Added on  2023/01/20
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This presentation covers the concept of marketing, roles and responsibilities of a marketing manager, and the interrelation of marketing with other functional departments in TUI. It also discusses the value and importance of marketing in TUI.
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Marketing Essentials for Travel and Tourism (Part 1)
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Covered content •Introduction •An overview of the different marketing processes •Roles and responsibilities of marketing manager •Influenceandinterrelationofmarketingwithother functional departments of TUI •Value and importance of marketing role in TUI •Conclusion •References
INTRODUCTION Marketing refers to the activities which are undertaken by organisation that helps to increase the business activities.To understand about marketing TUI has been taken that is travel and tourism company provides different types of services. The presentationisaboutdifferenttopicssuchasconceptof marketing, roles and responsibility of marketing manager and interrelation of marketing with other functional department.
CONCEPT OF MARKETING AND THEIR CURRENT AND FUTURE TRENDS In present time the concept of marketing based on a belief wheredifferentorganizationshouldanalysiscustomer's needs and make logical decision in reference to compete with their competitors. Most of the companies apply this concept in order to get growth & success.
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CONTINUE…. •Production Concept –The manager of TUI focus on achieving high production efficiency, low cost, collective circulation. So consumer take interest into low prices and availability of product. •Product Concept –The manager of TUI focus to develop high quality products and provide high range quality to travellers.
CONTINUE… •Selling Concept –It would be important for selling process of TUI company. Selling concept work on the ideology in reference to effectively sale out tickets at market place. . •Marketing concept –On the basis of this concept consumer puts at the central position and all the strategies
CURRENT TRENDS •Content Marketing –TUI follow the trend to contact with travellers and provide services in effective manner. It uses effective strategies in reference to production a compelling content on the basis of marketing activities. •Social Media –TUI has strong online presenceand provide different discount offers on their online sites to get success in marketing.
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FUTURE TRENDS •ArtificialIntelligence–WiththehelpofArtificial intelligence data analysis would be made quite efficient. •VirtualandAugmentedReality–Anotherprominent marketing trend that would be growing in the future that is virtual and augmented reality.
OVERVIEW OF THE DIFFERENT MARKETING PROCESSES •Situation Analysis Process:In TUI company must analysis the environment of business and it is evaluate the their capability to satisfy of customers. •Marketing Strategy:TUI on the basis of situation analysis, develop effective strategy in order to satisfy of customers..
CONTINUE… •Marketing mix decisions:On the basis of marketing mix TUI take effective decision and understand where is need to improvement regarding to product development and pricing decisions. •Implement and control:TUI, after the implementation of activitiesadjusttoaccommodatechange.Any inconveniences is destroy and reported complaints.
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EXPLANATION OF ROLE AND RESPONSIBILITY OF MARKETING MANAGER Marketing is consider as important function of business entity thathelpstorunabusinesssuccessfullyincompetitive environment.Inpresenttime,marketingisusedbyall companiestoincreasetheirsalesbyinfluencingpeople. Moreover,ithelpstoincreasetheproductivityand profitability. In TUI, marketing manager understand customer needs and provides travelling services as they want.
CONTINUE.. •Marketingfunction:InTUI,marketingmanagerbuild different types of strategy and implement it for running a business. •Marketing planning:Such as the marketing manager of TUIplayanimportantroleandresponsibilitywithin organization that to increase the sale by involving different sources to influences customers.
CONTINUE… •Market information:In TUI group, the role and responsibility of marketing manager is to analysis the market and get information about market and customer then introduce that kind of services. •Selling the product and services:The marketing manager of TUI perform role and responsibility in this function such as they uses different types of marketing sources and give offers to their customers for selling their travelling services.
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INTERRELATIONSHIP BETWEEN MARKETING AND PRODUCTION InTUIPLCthesuccessfactorsdependsonthe interrelationshipbetweenmarketingdepartmentandthe production department. Their co-relationship is the basis for the customer acquisition , profit maximisation and cost benefit analysis.
INTERRELATIONSHIP BETWEEN MARKETING AND HUMAN RESOURCES Human resources of HR department at TUI plc, being a travelcompanyisengagedinrecruitingefficienttravel guides, logistics managers etc. Hiring talented personnel is possible only with the guidance of marketing department.
INTERRELATIONSHIP BETWEEN MARKETING AND FINANCE Finance department at TUI plc is the central to all activities. And primarily it works in nexus with marketing department extensivelybyestablishingabridgeofinterrelationship between the both.
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INTERRELATIONSHIP BETWEEN MARKETING AND RESEARCH & DEVELOPMENT MarketingdepartmentandR&Ddepartmenthasvery closely knitted interrelationship at TUI plc. It is often seen that improper communication between the two department has led to product failures.
CRITICAL ANALYSIS BETWEEN THE INTERRELATIONSHIP OF MARKETING AND OTHER FUNCTIONS At TUI the interrelationship between various functional areas of a business paradigm has evolved over the years to produce value to the company. These functions works as a chain of commandswhereeachdepartmentprovidesconstructive insights and feedback to the other.
Application of TUI TUI apply production concept, marketing concept, selling concept and product concept that helps to increase the productivity of company and also increase profitability. IfTUIapplythisthenitcanmakefuturegoalsand motivates employees to achieve such goals. TUIfollowscurrentandFuturetrendsthathelpsto understand needs of customers and provide that kind of services in order to influence customers.
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Content theory This theory states human needs changes with time which is needed to fill by organi8zation. If organization focus on human needs and develop new product and services according to customer then it can maximize profits. Such as TUI follows content management theory in which it knows what customer wants and provide such services order to attracts customers. As result it can accomplish goals and objectives of business industry.
THE VALUE AND IMPORTANCE OF THE MARKETING ROLE IN THE CONTEXT OF TUI •In TUI, marketing role is very important and valuable that helps to provide information and attract customers in order toincreasetheirsale.ThemarketingmangerofTUI identifies customer needs and make planning according that helps to introduce new services for influencing customers. It helps to increase the number of customers and also increase profitability.
CONCLUSION Fromtheabovepresentationitcanbeconcludedthat marketing is essential for organisation. It provides information about new product and services which influences customers to purchase products.
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REFERENCES Gillespie, K. and Riddle, L., 2015.Global marketing. Routledge. Cassell,C.A.,Myers,L.A.andSeidel,T.A.,2015. Disclosure transparency about activity in valuation allowance andreserveaccountsandaccruals-basedearnings management.Accounting,OrganizationsandSociety.46. pp.23-38.