Marketing Essentials for Travel and Tourism - Travelodge Assignment
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Added on 2021-02-21
Marketing Essentials for Travel and Tourism - Travelodge Assignment
Added on 2021-02-21
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Marketing Essentials for Travel and Tourism
Table of Contents INTRODUCTION..........................................................................................................................1 TASK 1...........................................................................................................................................1 P1. Key responsibilities and roles of marketing function.........................................................1 M1. Roles of marketing in marketing environment context.....................................................2 P2. Interrelation of roles and responsibilities of marketing with other departmental functions2 M2. Significance of interrelation between departments............................................................3 D1. Critical Analysation..............................................................................................................4 TASK 2............................................................................................................................................4 P3. Comparison between ways in which organisations uses marketing mix..............................4 M3. Evaluation............................................................................................................................6 TASK 3............................................................................................................................................6 P4, M4. Market Plan...................................................................................................................6 D2. Strategic marketing plan by using 7P's of marketing..........................................................9 CONCLUSION.............................................................................................................................10 REFERENCES..............................................................................................................................11
INTRODUCTION Marketing refers to a business process in which relationships between customers are created and developed for the purpose of providing them satisfaction by producing quality goods and services. This report is based upon Travelodge which is a UK based travel and tourism organisation that provides hotel and hospitality services throughout UK. It is the second largest hospitality sector that deals in United Kingdom (Travelodge's,2019). This report covers significant responsibilities and roles of the functions of marketing within Travelodge and in contextof itsbusiness environment.It also coversinterrelationof marketingwith other departmental function and how they together achieve organisational objectives. Further it covers comparison between various ways in which travel and tourism sector uses marketing mix elements in its business process for attaining business goals. At the end of this report, a marketing plan is developed for this organisation for formulating certain strategies to meet business objectives. TASK 1 P1. Key responsibilities and roles of marketing function Marketing refers to actions and business processes that helps in selling and promoting goods and services in the target market. Marketing concept focuses upon attaining business objectives by developing a company which is more effective than its competitors. It is developed in four concepts such as production, product, selling and customer concept. In production concept, customers purchase those products which are inexpensive. In product concept, they prefer products that has innovative features and is of better quality. In selling concept, customers do not buy products by which an enterprise puts a lot of efforts in achieving competitive edge in market. In customer concept, company focus upon customers and provides goods and services as per their demand. Marketing function plays a major role in formulating various business strategies and in achieving various objectives of an organisation. In each sector, marketing is important as it helps in making customers aware about current products and services provided by the company. In travel and tourism sector, marketing has a wide role in promoting and advertising certain services to its customers and in formulating an effective market plan and strategies as required. 1
In Travelodge, there are various roles and responsibilities played by marketing function in its various business process which are elaborated as follows- Promotion-It refers to the procedure of making targeted customers aware about the existence of a specific product or service. The basic role and responsibility which is played by marketing in an organisation is to promote and advertise company's products and services among its customers. This function helps the customers in knowing about the availability of a particular product or service (Anche, Hozouri and Mehdizadeh, 2014). Travelodge uses both online and offline promotional measures in promoting its services among customers. It has a mobile friendly application that makes consumers aware about deals and offers offered by this company. Product development-It refers to introducing and launching a brand new product in a target market. Although product is developed in two ways, either by introducing a new product or by making changes to the existing product by adding certain features to it. Marketing plays an important role in developing a product by indulging itself in market research. By conducting market research, Travelodge can develop its products in accordance as per the changing demand and preferences of its target audience (Aswathappa, 2013). Marketing strategies-Marketing function is also responsible in formulating various marketing strategies by analysing marketing environment. These strategies refers to long term fundamental approach of market planning that helps the business in achieving its competitive advantage. An organisation can choose from various strategies such as market penetration, diversification, product and market development. Travelodge keeps on updating its services by adopting product development strategy by appropriately analysing current market conditions. M1. Roles of marketing in marketing environment context The role and responsibility of marketing is not limited to the organisational context but it ismore than this. Marketing playsa major role in analysing business environmentand identifying customer's tastes and preferences thereby. On that basis, it formulate various business strategiesandprovideproductsinaccordance.InTravelodge,theroleofmarketingin environmental context is elaborated as follows- Market research-It refers to the activities and actions for the purpose of gathering informationabouttastesandpreferencesof customers.Marketingplaysamajorrolein conducting market research and in identifying customers preferences. 2
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