This document provides an overview of the marketing campaign of Travelodge, a hotel and hospitality company. It includes a marketing TOWS analysis, marketing objectives, marketing mix plan, and proposals for improving customer service. The report focuses on the 'Enabling a leading brand' marketing campaign over a 12-month period.
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Marketing Management 1
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 TASK 1............................................................................................................................................3 Construct a Marketing TOWS for Travelodge, explaining the Marketing Audits that you have undertaken in doing so.................................................................................................................3 TASK 2............................................................................................................................................5 On the basis of these findings, state and justify 3 Marketing Objectives that should be set for the ‘Enabling a leading brand’ Marketing Campaign over the 12 months period...................5 TASK 3............................................................................................................................................7 Outline and examine the Marketing Mix Plan that your marketing plan needs to consider in order to achieve these objectives over the 12 months period......................................................7 TASK 4............................................................................................................................................9 Provide proposals on how Travelodge can improve their levels of Customer Service as part of their ‘Enabling a leading brand’Marketing Campaign............................................................9 CONCLUSION..............................................................................................................................10 REFERENCES..............................................................................................................................12 2
INTRODUCTION Marketing management is considered as the practical application which is marketing techniques, process and other within entities. Moreover, in general terms it is regarded as the procedures of overseeing and planning new product development, advertisement, sales and promotion. It is important for organisation as this is considered as the key to success of any type of business(Balderjahn, 2016). As it provide an understanding about customer requirements, improving service or products for consumer satisfaction and others. As per the scenario, the chosen report is Travelodge which is a private company that operates into hotels and hospitality sector across UK, Spain and Ireland. Its headquarters is in Thame, United Kingdom. The main objective o this report is to get knowledge about the marketing campaign of Travelodge (Enabling a leading brand). This report covers TWOS analysis, marketing objective and plan for marketing mix. Apart from this, improving consumer services proposal are also prepared in this report. MAIN BODY TASK 1 Construct a Marketing TOWS forTravelodge, explaining the Marketing Audits that you have undertaken in doing so. Marketing Audit is considered as a comprehensive, systematic, evaluation, analysis and interpretation of business marketing surroundings whether external or internal. This also consists assessment of strategies, objectives, principles and goals for determining overall areas of opportunities as well as issues and to develop action plan for future consequently. It is essential for company as this assists firm in developing effective plans and strategies for future, in identifying hidden inefficiencies and others(Foroudi and et. al., 2017). Moreover, through adapting effectual audit practices a respective company can able to make strong strategies which is helpful in grabbing the attention of more customers towards their services. There are various models which entities can opt for performing marketing audit. Some of them that Travelodge can adopt in context of its marketing campaign that is “Enabling a leading brand”: TWOS Analysis This is known as an extension of SWOT analysis which concentrates upon finding strengths, weaknesses, opportunities and threats. This not only assesses these four aspects but 3
also oversees to match strength with opportunities as well as weaknesses with threats. TWOS develops the relationship among the external and internal factors that makes more vital and advantageousaswell.Themainintentofrespectiveanalysisistoexploitbenefitsof opportunities,takeadvantageofstrengths,eradicateweaknessesandminimisethreats (Hollensen, 2019). It is relatively a simple tool of developing plan of action which are utilised after detailed analysis of all opportunities, threats, weaknesses and strengths. So, TWOS analysis of Travelodge are discussed below: Internal Factor External Factor StrengthsWeaknesses Opportunities Herein, firm will ascertain its strengthsthataidsthemto obtainopportunities.In context of Travelodge, it has strength such as they provide servicesataffordableprice that assists them to grab the attention of more consumers. Moreover, particular strengths alsohelpfulinattaining businessexpansion opportunityatUKandUS market.This will also assists themtoretainbusinessat longer period into competitive market. Herein,managementwill makeplanofactionfor counteropportunities effectivelyandefficiently. In respect of Travelodge, its weakness is that they did not haveverymucheye catching decor and also do not facilitates any kind of luxuryfacilitiesin comparison to another hotel like Hilton. Therefore, this is important for them to deal withtheirweaknesses throughoptingattractive material for decor as well as italsorequiretoprovide luxury and quality services. As this help them to gain businessexpansion opportunityatanother 4
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locationeffectivelyand efficiently. Threats Itconsidertobeafactor based on which a firm will ascertain its strength with the helpofthattheymay overcomethroughthreats appropriately.Incontextof Travelodge,ithasstrengths such as they rendered rooms at affordable cost and it also hasspecialfacilitiesfor business travellers which grab theattentionofbusiness person at huge amount. Along with this, the above strength willalsoaidsthemto overcome from the threats of declininginbusinessat competitive UK marketplace. In context of this aspect, en entitieswill make plan of actionforovercoming weaknesses so that it may obviatethreats appropriately.So,they requiredtooptsome strategies for improving its decor at hotel as this will helpfulingrabbingthe attention of more consumers and also overcome from the threats related to decreasing sales in comparison to other competitors. TASK 2 On the basis of these findings, state and justify 3 Marketing Objectives that should be set for the ‘Enabling a leading brand’ Marketing Campaign over the 12 months period. By performing the above analysis, this may be ascertained that Travelodge has various strengths by which they can able to gain competitive advantage at market. But moreover they also have few weaknesses that they required to overcome for attaining the specified objectives in effective and efficient way(Homburg, 2016). By its strengths and weakness through they get overcome will helpful in attaining opportunities and also assist to deal with threats appropriately. In context of this, management of Travelodge have to build effective and distinctive strategies so 5
that they may perform its practices of business in appropriate and profitable way into competitive market area. Marketing objectives is considered as goals which are set by an entity when they initiate promoting their products or services towards potential as well as efficient customers which have to be attained at specified time duration. In general terms, it is referred as marketing strategies which are to be attained within specified period of time. Along with this, respective hotel make 3 SMART objectives related to marketing which is useful in improving its marketing position through attaining competitive advantage(Hutchinson and et. al., 2015). All three marketing objectives of Travelodge are discussed below: Objective 1- Respective Hotel desire to trained its employees for next 9 months which is helpful for them to assigned its responsibilities effectively and enhance its sales upto 30%. As per this objective Travelodge want to trained its employees for upcoming 9 months and it will also monitor the development for next 3 months so that they may increase their sales by 30%. Along with this, they also desire to assure that each worker obey COVID-19 guidelines Objective 2-Respective hotel want to develop its hotel interior through adapting eye catching decor and it also desire to renew its interior as per COVID-19 guidelines for next six months. Based on above objective Travelodge will modify the decor of its interior so that they may able to grab the attention of more customers and travellers effectively and efficiently. Moreover, they also modify its functioning as per the guidelines of COVID- 19 that is facilitated through government like maintaining distance, whole employees have to wear gloves and mask and others. Objective 3- Travelodge also desire to explore its business at UK and US for next eight months to enhance their profitability by 30%. As per the above objectives Travelodge desire to explore its practices of business at marketplace of U.S. and U.K. for upcoming eight months as by this it want to increase its profitability by 30% and by this they can able to gain higher competitive advantages at market area. 6
TASK 3 Outline and examine the Marketing Mix Plan that your marketing plan needs to consider in order to achieve these objectives over the 12 months period. Marketing mix is considered as the set of tactics or action which an entity utilises for promoting their products or services into market area. Moreover, this is a model that aids firm to determine the aspects in respect of their goods or services. Mainly, there are 4 P’s of marketing mix that organisation undertake such as products, price, promotion and place but further 3 more P’s are extended that is process, people and physical evidence (What the Marketing Mix Is and Why It's Important. 2019). So, all these elements of marketing mix are utilised into business for identifying some key aspects like how production get accomplished or fails to meet the customer requirements, what are the desire of clients, how its goods or services is competitive or distinguish from another competitors and so on. These are few reasons which compel a management to apply marketing mix for ensuring appropriate satisfaction of customer desire and gain efficient amount of profitability. It will helpful for company to sustain for longer duration into competitive marketplace. For instance, Travelodge develop marketing mix plan for attaining its desire objectives within 12 months as it assists them to in making appropriate strategies and decisions as per the situations. So, marketing mix plan of respective hotel are discussed below: Product or services: This is regarded as an item that if provided through entities to its potential consumers for accomplishing their customers’ needs and wants. This is vital for firm to facilitate goods or services as per the needs and desire of potential consumers (Ingenbleek, Meulenberg and Van Trijp, 2015). In context of Travelodge, they perform into hospitality and hotel sector so it is crucial for them to render standard quality of services for grabbing the attention of consumers and also retain them.As per recent circumstances, this is important for Travelodge to provide services through complying the government guidelines. As it assists them to develop an effective image into market are that they are undertaking necessary steps to secure its clients from COVID-19 that help them to gain competitive advantage. Price: This is regarded as products or services value that entity asks from its consumers after accomplishing their services or goods at competitive market area. For a firm, it is crucial to set a fixed price of their products or services which they are facilitating to its client should be as per the economic condition of audiences. For instance, Travelodge 7
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have to set their room price into budget form as because of COVID-19, economic situation of each country people get minimised. Therefore, in case it provides standard services at affordable range then they can able to gain expected objectives and higher competitive advantage in effective manner. Place: This is considered as a selling point. So, for firm this is crucial to choose effective area for selling its goods or services so that they can able to grab the attention of consumers in simple manner and it is also important that clients can able to reach towards their product easily(Johnsen, 2018). For instance, Travelodge can open its hotel into that area of U.S. and U.K. where it may grab the attention of people towards itself. So, they may open hotel in some near places of local market, airport, railway station and others. Promotion: This is considered as a elements that is opted through firm for grabbing the attention of more consumers towards their goods or services. So, it is vital for entity to adapt effectual as well as attractive promotion activity to attract clients. For instance, they should utilise various promotional activities for grabbing the attention of more travellers towards its goods or services. In context of this, it can opt print media, social media, digital technology and others as all these assist them to attract large number of customers at competitive market area. People: This is considered as a staff of firm who directly communicate with consumers and influence them to purchase its goods or avail their services in effective and efficient way. For an entity, it is crucial to have proficient, knowledgeable and competent staff so that task can be performed effectively(Keegan, 2017). For instance, Travelodge needs to trained its staff so that it may render appropriate service to their customers. Also, they may recruit some experts’ candidates who have experiences into particular area. Process: This is considered as the method or system that is utilised through firm for delivering its products or services at market area. A company have to opt appropriate procedures so that they can able to provide standard quality products or services as per the clients’ requirements and desire. For instance, Travelodge should upgrade its working method based on the new guidelines of the government for the prevention of COVID- 19. PhysicalEvidence: This is determined as the essential aspects that are noticed through consumers when they visited to any firm. Therefore, this is vital for entity to design its interior in attractive way as it will aids them in grabbing more number of clients and 8
motivating people to visit places(Kerr and Patti, 2015). For instance, it is important for them to design its interior as the guidelines of government regarding COVID-19. This is important as it assists them in grabbing the attention of more consumers towards their services into recent situation. TASK 4 Provide proposals on how Travelodge can improve their levels of Customer Service as part of their ‘Enabling a leading brand’Marketing Campaign. Customer services are considered as a kind of assistance that is facilitated through company to individuals who purchase its goods or services. For taking care of the requirements of consumer as well as deliver them higher quality services to meet their desires. Also, this helps them to enhance the consumer base(Kotler and et. al., 2018). For resolving all these issues consumer services is important to develop its business as well as retain loyal guest. Therefore, for all firm, this is crucial to opt effectual practices that assists them to improve consumer services level. It is because this aids them to grab the attention of more consumers and retain them for longer period. Also, it assists in enhancing ratio of profitability, sales and market shares effectively and efficiently. For instance, it is vital for Travelodge to develop customer service level as this will aids them to enable leading brand at competitive market area. There are various ways that respective firm can adapt for this as it will assists them to attain specified objectives from which some essential activity are discussed below: Adoption of new technology for improving consumer services: At present situation, this is vital for all firms to adapt new technology to grab the attention of consumers and retain them for longer duration. For instance, Travelodge can adapt various practices like voice assistant into their room such as Alexa, utilisation of interactive television for guiding as well as greeting clients and opt smart keys and others. Through adapting all these technology they can become upgraded that assists to attract more consumers. Build connection with clients at personal level: For all firm, this is crucial to build more connection with customers as by it they can able to enhance their profit ratio and sales at competitive market area(Wagner and Eggert, 2016). For instance, Travelodge may build effectual connection with consumers at personal level as it will develop them loyal towards their hotel. Along with this, it will motivate consumers for visiting hotel 9
and build effective kind of relationship whenever they visit and also do word of mouth marketing. Develop mobile marketing a better customer experience: As per this, it is crucial for respective hotel to develop its mobile marketing in effectual way as in case there is ineffectual mobile marketing then consumer may not get attracted with their products or services and brands. It may impact the Travelodge market value as well as goodwill indirectly and directly. Also, reduces the profitability ratio and sales. Respond towards customers’ feedback: For each firms, this is crucial to responds towards consumer feedbacks as by that client feel importance as well as connected towards firm. Also, this facilitates entity ideas for development. For instance, it is vital for Travelodge to respond the clients’ feedback so that they feel valuable and connected at hotel. It will assist them in enhancing consumer services effectively and efficiently as per the needs and desires. Facilitate guest personal streaming options: When a person gets additional services then they get attracted towards their firm so that they will able to facilitate opportunity for entity to grab the attention of huge clients(Weinstein and Pohlman, 2015). For instance, Travelodge have to facilitate personal streaming option of consumer based on that SMART television will be facilitated by hotel on which customer may access its personal Netflix account or streaming entertainment services. Therefore, with the help of all these they can able to grab the attention of large number of guests and retain them for longer duration. These are some essential aspects that Travelodge required to comply for performing its business activity effectively as by these it can also able to develop consumer services level that assists them to gain higher competitive advantage in effective way. Moreover, it also aids them to enhance its profitability and sales at competitive market area. CONCLUSION From the above report, it has been concluded that marketing management is essential for all type of organisation as it provide an understanding about customer requirements, improving service or products for consumer satisfaction and others. Also, an entities required to undertake various aspects and model at the time of performing their marketing campaign like marketing audit, TWOS analysis as this assists them to understand marketing. Along with this, they 10
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required to formed SMART objectives as it is useful in improving its marketing position through attaining competitive advantage. Also, marketing plan as it aids them to sustain for longer duration into competitive marketplace. Apart from this, management also have to propose some strategies for developing consumer services as it assist them in accomplishing the specified objectives effectively. 11
REFERENCES Books and Journals Balderjahn, I., 2016.Nachhaltiges Marketing-Management: Möglichkeiten einer umwelt-und sozialverträglichen Unternehmenspolitik(Vol. 5). Walter de Gruyter GmbH & Co KG. Foroudi and et. al., 2017. Digital technology and marketing management capability: achieving growth in SMEs.Qualitative Market Research: An International Journal. Hollensen, S., 2019.Marketing management: A relationship approach. Pearson Education. Homburg,C.,2016.Marketingmanagement:Strategie-Instrumente-Umsetzung- Unternehmensführung. Springer-Verlag. Hutchinson, K and et. al., 2015. Loyalty card adoption in SME retailers: the impact upon marketing management.European Journal of Marketing. Ingenbleek, P. T., Meulenberg, M. T. and Van Trijp, H. C., 2015. Buyer social responsibility: A general concept and its implications for marketing management.Journal of Marketing Management.31(13-14). pp.1428-1448. Johnsen,T.E.,2018.Purchasingandsupplymanagementinanindustrialmarketing perspective.Industrial Marketing Management.69. pp.91-97. Keegan, W. J., 2017.Global marketing management. Pearson India. Kerr, G. and Patti, C., 2015. Strategic IMC: From abstract concept to marketing management tool.Journal of Marketing Communications.21(5). pp.317-339. Kotler, P and et. al., 2018.Marketing management: an Asian perspective. Pearson. Wagner, S. M. and Eggert, A., 2016. Co-management of purchasing and marketing: Why, when and how?.Industrial Marketing Management.52. pp.27-36. Weinstein, A. and Pohlman, R. A., 2015. Customer value: a new paradigm for marketing management. InProceedings of the 1997 Academy of Marketing Science (AMS) Annual Conference(pp. 132-133). Springer, Cham. Online WhattheMarketingMixIsandWhyIt'sImportant.2019.[Online].Availablethrough: https://www.thebalancesmb.com/what-is-a-marketing-mix-2295520. 12