Table of Contents INTRODUCTION...........................................................................................................................1 TASK 1............................................................................................................................................1 1.1 Core concepts of marketing in travel and tourism................................................................1 1.2 Impact of marketing environment on individual travel and tourism business..................2 1.3 Factors affecting consumer motivation and demand............................................................2 1.4 Principles of marketing segmentation and its uses in marketing planning...........................3 TASK 2............................................................................................................................................4 2.1 Significance of strategic marketing planning........................................................................4 2.2 Relevance of market information and marketing research to managers..............................4 2.3 Assessing the impact of marketing on society......................................................................5 TASK 3............................................................................................................................................6 3.1 Issues in product, place and price components of marketing mix........................................6 3.2 Significance of service sector mix elements to travel and tourism sector............................6 3.3 Application of total tourism product concept to an individual business...............................7 TASK 4............................................................................................................................................8 4.1 Assessing integrated nature & role of promotional mix.......................................................8 4.2 Plan and justify an integrated promotional campaign for travel & tourism business...........8 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................11
INTRODUCTION In growth and development of economy of every country, travel and tourism sector plays crucial role. Government has the responsibility to preserve all the landmarks of nation and it is the ethical duty of firms to contribute in it (Travel & Tourism Marketing, 2016). In the present report, chosen organisation is Thomas Cook which is a renowned company that deals in travel and tourism sector. The assignment covers principles and concepts of marketing in travel and tourism industry as well as its role as management tool. Apart from this, role of marketing mix and utilization of promotional mix in travel and tourism sector is also defined in this project. TASK 1 1.1 Core concepts of marketing in travel and tourism Marketing can be mainly stated as the concept which mainly signifies the company which can determine the needs and wants of the customers and thus utilise the demands for fulfilling the needs. Customer who is satisfied helps company to have high amount of revenue. As per the core concept of marketing, group has to be determined by management to which services are provided and thus the research is being conducted. Tourism sector is one of the largest profit sector which has generated high amount of revenue. Efforts are being contributed by Govt. in bringingpositivemodificationswithintheheritagesites.Therearesomeoftheprivate companies which has also given contribution within the efforts. Thomas Cook can be stated as largest travelling company within England. As per the marketing concept, there are mainly five kind of major concepts which are described below: 11Production concept 11Product concept 11Selling concept 11Marketing concept 11Social marketing concept There are services which has been given out by company as per the above mentioned factors by which business can mainly be expanded across the globe and thus formulate the strategy as per them. This will mainly improve the product quality (Buhalis and Foerste, 2015). Effective network can be created by the help of using social marketing concept and thus it can help in attaining high level of cooperation. Besides this, technique can be utilised by large number of
visitors for boosting up the profit ratios of travel industry. Those 5 concepts can mainly be applied within the sector of travel and tourism sector. 1.2 Impact of marketing environment on individual travel and tourism business There are mainly two kind of forms within environment and that is macro and micro. Micro is majorly related to the internal activities which are taking place within company and those can make an impact upon the company negatively (Cox and Wray, 2011).According to the business situation of tourism sector, analysation of micro environment has to be done which in turn can mainly support the quality services which are being given. Management needs to work upon the factors as there are companies which are also dealing in tourism sector as this is the major profit earning company.ļ·Suppliers:As per the porters five forces analysation which in turn can give supplies to the high bargaining power and thus can lead to the charge more. At Morocco and Egypt, these are mainly the one of the most famous tourist destination across the globe. There are certain prices and strategies which are set as per the suppliers which in turn can make impact upon the base of customers. ļ·Customers:Thomas cook had to mainly take care about the every kind of customer group and thus as per that schemes are being made as per them. Along with that, preferences has to determined and thus choices has to be made as per the services and products which are mainly being offered by them. Macro environment has the potential of making impact upon business in negative manner and thus it is highly essential for making the strategies effective. Market segmentation has to be divided so that every group can be taken care of. Plan can be executed in perfection level by measuring out and determining groups, their behaviour and many more (Evans, Stonehouse and Campbell, 2012). Also, Govt. of London are not stable in nature and thus this can lead to create feeling of dissatisfaction among visitors. 1.3 Factors affecting consumer motivation and demand Customers are the mots essential factor for every business. This can be stated as the duty of company which in turn can mainly take care about them and thus give satisfactory services. Motivation will be given to a user for certain product along with responses which are highly related to the product which is better in nature. This in turn can mainly have improvement within
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the needs and thus can seek out for the motivation which in turn can attract for certain activity. London are the famous destination of UK and thus Thomas Cook has the need of adopt techniques which in turn can mainly support the business expansion within factors (Hall, Timothy and Duval, 2012). Following are the factors which mainly include thetime of consumer motivation which are being described below:ļ·Price:This can be stated as the essential factor which in turncan mainly attract the market segment. If the price of the product by the Thomas Cook which is proper and thus it can give range for motivating the groups to buy. ļ·Preferences:Apart from this,there is the personal experience about the certain thing, behaviour of consumer will be changed by the opinion of others. If the people did not get the positive feedback regarding they services of company and thus it can lead to decline in profitability. ļ·Along with these, socio-political stability or the economical stability will put an impact upon the consumer behaviourand thus get motivated by it. There are packages prices which are high in nature to Morocco and Egypt. 1.4 Principles of marketing segmentation and its uses in marketing planning Planning can be stated as an effective measure which in turn can enable company for enhancing operations. This in turn can mainly lead to improve the chances for making the project much more successful. It is highly essential for management to classify segments as per needs. If the tasks so mainly being done which can lead to improve the chances of survival. There are some of the essential decisions which are being taken which can mainly divide the all kind of customers as per nature, needs and characteristics (Hussein, Ennew and Kortam, 2012). For this kind of purpose, Thomas Cook will have to divide within three market segments which are mainly: Clustered market, homogeneous market and diffused market. In these kind of market share, user of the companies are mainly divided as per the nature. Thomas Cook will mainly has to determine and formulate the packages as per scenario. Basic description is being described below:ļ·Clusteredmarket:Inthiskind,customersaregenerallypossessomekindof characteristics , needs and wants. Along with this, they mainly demand for the same kind of product.
ļ·Diffused market:This kind of market can mainly be understood by the name of DIFFUSED in which people are much more different form one another. ļ·Homogeneous market:Customers has the resemblance In this kind of market and they are much more different from the services, needs and wants. Therefore,knowledgehastotakethemanagementregradingthemarketforthemarket segmentation and thus it can be prepared as per that. This kind of process gives support in gaining proper kind of level of profit and thus appropriate services are being given to the users (Law, Qi and Buhalis, 2010). TASK 2 2.1 Significance of strategic marketing planning Appropriate business strategy plays crucial part in growth and success of business. Top management of firm is responsible for formulating effective strategies and policies that assists them in attaining predetermined targets and objectives of company. For this, firms are require to determine needs and preferences of customers of each market segment and administer them services accordingly. So, it is necessary for manager of Thomas Cook to frame appropriate strategies that helps organisation in attracting large group of customers and leads the company towards high growth. At the time of formulating plans, it is also necessary to set targets and objectives that firm needs to attain in upcoming years. Strong goals of company are included in strategic marketing plan which provides direction to managers and employees for successful attainment of those. In strategic plan of Thomas Cook, administrator divide market into small segments. They firstly require to determine strengths, opportunity, threats and weaknesses. It assists them in framing effective strategies. It is also required by all departments of firm to work collectively so that goals and targets can be attain and profitability increases (Leung, Van Hoof and Buhalis, 2013). Ansoff matrix is also a part of strategic planning where company develops new products and introduce it into market. In order to launch their services in new market, merger technique can be used by firm. It is very essential for company to formulate effective strategic marketing plan so that by the assistance of this, goals and objectives of Thomas Cook can be attain. 2.2 Relevance of market information and marketing research to managers In business organisations, crucial role is played by marketing manager in collecting all the data and information of market regarding taste and preferences of customers. Research is also
conducted by them which helps in knowing requirements of customers and prevailing trends in market in more better way. In case of travel and tourism sector, it is very essential for tour operators to aware about all the trends of market. It enables them in providing high quality services to customers. Data collected from research helps the company in designing their services accordingly. They analyse it in order to draw valid conclusion. A proper framework is provided by marketing research to manager according to which they can develop such offerings that assists in attracting more customers (Morgan, Lugosi and Ritchie, 2010). ļ·Administrators can gauge a cost of every one of their undertaking which they need to begin. Organization need to make pack for summer occasion 2018 at London. this they direct an examination in which they dissect the each kind of traveler who lead ton visit over yonder. ļ·Additionally they need to examine the cost which is related with that through which organization can settle down the rates of their bundles as per that. ļ·Thisarrangementissetupforthefollowingyearsummerexcursionhenceforth, organization can contrast it effortlessly and current condition. Accordingly, to draw a substantial conclusion this procedure bolster them most. ļ·On the off chance that Thomas cook found that the proportion of intrigued guests are less then they can plan such showcasing procedures which pull in situated section of market. ļ·Additionally, organization can conjecture the odds of achievement of this undertaking by thinking about this variables in their record. 2.3 Assessing the impact of marketing on society Assets are constrained in number and it is an obligation of each organization to use such assets in a suitable way so none of them get squander. Consequently, to create any item there is a need of a few components which empower an association to deliver some quality items (Moutinho, 2011). Offering of merchandise and enterprises by a firm which have an ability to fulfil all purchasers needs and needs is known as promoting. Subsequently, a noteworthy result which assemble through this announcement is that advertising don't happen without society. Administration need to utilize proper advances which empower them in determining or giving quality items to fulfil the requirements and needs of clients. Thereareassortmentnumberofdevicesareutilizedbyanorganizationintheir showcasing procedure which incorporate publicizing, deals advancement and open connection.
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Showcasing empower a purchaser to get mindful about the item or administration which serve by an association. Thus, it had a huge effect on clients. Thomas cook is one of the biggest voyaging specialist at UK, and they give quality support of their clients. Organization need to offer a mid year occasion bundle in 2018 for summer. Henceforth, they need to utilize proper strides through which it had a constructive outcome on overall population (Soteriades, 2012). Administration need to figure out how to utilize all assets appropriately by not hurting the general public. They need to take after a few qualities in which condition mind is must. Additionally they need to take after all the lawful conventions which are related with that undertaking. Marketing assumes a successful part and its effect on society is high. On the off chance that an association don't prompt utilize fitting strides of showcasing then they are not ready to make a connection amongst them and client. It prompts bear them high misfortune and their benefit get decrease. TASK 3 3.1 Issues in product, place and price components of marketing mix Idea of marketing mix for the organizations who deals in tourism industry fundamentally incorporates three components place, price and product of the administration. Fundamental subtle elements of these components is detail under the accompanying focuses: Product: In tourism industry,Product is tour pack that is outlined by the advertisers of Thomas Cook. This is one of the essential offering by the firm. For choose and configuration better items it is exceptionally basic that all significant data must be gathered by the firm. Price: This is one of the basic factor of promoting blend which incorporate the estimating technique of organization or the value they choose for the tourism bundle of London trip. For this, Thomas Cook can cut its opponents and its contributions with the assistance of forceful evaluating (Sotiriadis and Van Zyl, 2013). Place: It isknown by place in which procedure of showcasing correspondence of Thomas Cook with respect to the London tourism will offer to its clients. Because of number of changes occur in the idea of promoting the place which must be picked by the firm ought to be the internet and channels related with it. 3.2 Significance of service sector mix elements to travel and tourism sector All components benefit area blend are critical and important for the firm in movement and tourism industry. Aside from the four components, item, value, place and advancement of
promoting blend other three P's which incorporate into the administration advertising blend incorporate process, individuals and physical confirmation. Process: Service process can be characterized as the methods the administration is conveyed to end clients of organization. If there should be an occurrence of tourism bundles of Thomas Cook organization it is extremely fundamental to create bother free administrations. It is extremelyfundamentalconveyancemustbeviablewithoutbargainwiththenatureof administration offer to clients. For this, chiefs of Thomas Cook can take the assistance of administration diagram which help in set needs of administration offering and under this firm layout the way the administration will be reach to clients (Taylor & Francis.Goodall and Ashworth, 2013). People: This part of administration advertising blend do endeavors to guarantee the nature of people and representatives of the organization who communicate with end clients at the season of offer process. Individuals of associations are critical angle in benefit industry as these are the person who can make or hamper the picture of firm at the top of the priority list of its clients. Physical evidence: Most of the administrations which are offered by tourism firms are impalpable in nature. If there should be an occurrence of movement and tourism industry, physical highlights can be the sort of lodging in which remain of guests is organized, diverse tokens of administration, kind of sustenance offered to them and some more. This component of administration blend can be utilize a factor of separation by Thomas Cook to build up an upper hand and can create more measure of benefits. 3.3 Application of total tourism product concept to an individual business Idea of aggregate tourism item can be characterize as the procedure in which distinctive firms who work in this part can satisfy both essential and optional traveller requirements for customers (Tsiotsou and Ratten, 2010). Requirements of sightseers are the necessities which are fulfilledwhenentireexcursionoftourismincorporatevisitofvariousareasoutsidethe habitation. From this a need of guests can be affirmed. Necessities of guests can be can be characterized in following classes: Primary needs of visitor: These requirements of traveller are what inspire him for influence a vacation to trip with the point of fulfil the need.
Secondary requirements: Needs which emerge after the choice of make an outing are gone under this class. A viable result of tourism is the one which consider all the of purchasers. In the event of particular tourism bundle of Thomas Cook for London, add up to result of tourism will be the one in which firm convey distinctive sort of administrations to its clients.This blend of items and administration have the accompanying qualities: Mix of tangible and intangible: Tour bundle of guests will be a blend of impalpable and unmistakableitem. Nourishment, inns, autosand flightswill be the piece of substantial highlights. On the inverse of this, experience and touring will be the piece of immaterial highlights. Core product: Specific tourism pack of Thomas Cook for London will go under this. Productadvancement: Development of item is one of the basic factor of movement and tourism area as this contribute in choose the achievement of tourism pack (Xiang and Pan, 2011). TASK 4 4.1 Assessing integrated nature & role of promotional mix Fundamentally there are five principle and imperative part of limited time blend and portrayed under the accompanying focuses: Advertising: This system of advancement related with the advance products, thoughts or administrations with the assistance of a support who can viably perceive the action course which ought to be received by organization. Personal selling: This procedure of advancement is executed on individual level. Under this customers are rouse to purchase the item with eye to eye correspondence. Sales promotion: Organization do endeavours for increment the offer of company's item with the assistance of rebate and challenges. Public relation: Under this firm do endeavours to make familiarity with its item in broad daylight with the assistance of various correspondence channels. Direct marketing: In this, organization utilize a procedure in which they specifically speak with clients (Xiang, Magnini and Fesenmaier, 2015). 4.2 Plan and justify an integrated promotional campaign for travel & tourism business Coordinated limited time battle is a medium under which diverse exercises, for example, coordinate advertising, computerized advancement, email, in store advancement and different
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phases of special exercises. In this organization guarantee that the message is compasses to various number of individuals. Thomas Cook has declared a multi billion dollar advertising effort keeping in mind the end goal to build the highlights of organization's administrations and administration of firm to discuss the same with the general population (ZamaniāFarahani and Henderson, 2010).Firm need to give one of a kind ordeal to every one of its guests. Principle rationale of this promoting effort is to impact substantial number of individuals to participate in the adventure of London. Firm has centre around various sort of social cooperation to illuminate and pull in expansive number of clients. Correspondence message of Thomas Cook was engaged to impact vast number if clients and to assist them with identifying their requirements and offer them items and administrationstofulfilthesame.Forincrementtheviabilityofadvancementprocess administrators of Thomas Cook can utilize the powerful apparatuses, for example, commercial, advertising and direct showcasing. Along these lines firm can draw in extensive number of clients and with the assistance or blend of unmistakable and impalpable advantages they can better fulfil their necessities and can make a wide base of steadfast clients. CONCLUSION As per the above mentioned report, it has been concluded that travel and tourism is one of the division which to a great extent influence the economy of each nation. For increment more number of clients and to make the trek of London a fruitful one it is extremely fundamental for the chiefs to first distinguish and comprehend the key ideas of promoting. This is the main tourism through which marketers of firm offer data to open about the highlights of its items and administrations keeping in mind the end goal to impact them to purchase the same.
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Xiang, Z., Magnini, V.P. and Fesenmaier, D.R., 2015. Information technology and consumer behavior in travel and tourism: Insights from travel planning using the internet.Journal of Retailing and Consumer Services.22pp.244-249. ZamaniāFarahani,H.andHenderson,J.C.,2010.Islamictourismandmanagingtourism development in Islamic societies: the cases of Iran and Saudi Arabia.International journal of tourism research.12(1). pp.79-89. ONLINE Travel&TourismMarketing.2016.[Online].Availablethrough. <http://www.ttmworld.co.uk/>. [Assessed on 28th October 2017]. 12