Marketing Objectives for 'Enabling a Leading Brand' Campaign
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This report discusses the marketing objectives for Travelodge's 'Enabling a Leading Brand' campaign. It includes a marketing TOWS analysis, situational analysis, and a marketing mix plan to achieve the objectives.
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Marketing Management
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK 1...........................................................................................................................................3 Construct a marketing TOWS for travelodge, explaining the marketing audits that you have undertaken in doing so................................................................................................................3 Company Overview:...................................................................................................................3 Situational analysis:....................................................................................................................4 TASK 2...........................................................................................................................................7 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.......................7 Objectives:...................................................................................................................................7 TASK 3...........................................................................................................................................8 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......................................................8 STP analysis:...............................................................................................................................8 Marketing mix plan:....................................................................................................................9 TASK 4.........................................................................................................................................11 Provide proposals on how travelodge can improve their levels of customer service as part of their ‘Enabling a leading brand’ marketing campaign..............................................................11 Recommendations:....................................................................................................................11 CONCLUSION..............................................................................................................................12 REFERENCES..............................................................................................................................13
INTRODUCTION Marketing management is the organisational discipline which looks over the practical application of marketing action, techniques, methods and orientation that are available in the company on its management of marketing resources and tools. For hospitality businesses marketing and promotions are essential task to perform in most efficient and effective manner for which they have ample of resources and finances available. It is considered as one of the crucial activities as hospitality business as it deals in service industry(Chonko and Hunt, 2018). For the current report, discussion is conducted over identifying and evaluating the marketingactivitieswhichareessentialtoundertakeforconstructingthemostefficient marketing mix and performing marketing audit. Travelodge is a hospitality brand which has numerous hotel chains in United Kingdom, Spain and Republic of Ireland. Travelodge is known as the largest hotel chain in UK operating with more than 600 hotels. The hospitality company was founded in 1985 and it is headquartered in Thame, England, UK. The project holds thorough discussion and analysis over new marketing campaign of“Enabling a leading brand”for identifying and searching for new efficient marketing options available to the business. Company is developing this marketing campaign for developing itself with the changing scenarios of the hospitality industry and attaining competitive edge while operating in the market. The assignment at the end has a efficient marketing plan developed with the help ofSTP and Marketing mixtool. Moreover, further few recommendations or suggestions are provided for improving customer service standards as a leading hotel operations holding company. TASK 1 Construct a marketing TOWS fortravelodge, explaining the marketing audits that you have undertaken in doing so. Company Overview: Travelodge is a hotel chain which was established in 1985 in United Kingdom and since then company have became the leading budgeted hotel chain which is spreading rapidly with around 600 hotels in UK(Hogarth and Soyer,2016). Travelodge operates with its value and focused over its objectives, main aim of the company is safety and security of guests along with providing them the best experience for the value they have paid. Travelodge has its presence in three major markets of hospitality that is UK, Spain and Ireland. Every year they serve their
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services and showcase their hospitality to more than13 million customers and guests. The company's headquarters are in its domestic market that is Thames, England, United Kingdom. The offerings that is hotels of Travelodge has service offering of two major segments of hospitality that is Accommodation (Rooms for a comfortable stay) and Food & Beverage ( Bars, Cafes and Buffets for enjoying delicious food and drinks). Currently due to the crises of Corona Virus company is planning to establish itself as leading in the market for which planning to launch a marketing campaign known as“Enabling a leading brand”. For this campaign to be success market research and situational analysis is must for which SWOT analysis is conducted as a part of marketing audit. On the basis of SWOT conducted of Travelodge TOWS matrix is also formed showing interrelationship between internal capabilities and external opportunities along with significant threats and weakness associated(Morrison, 2018). Situational analysis: This is a process of conducting deep evaluation of internal and external features and factors that exist in surroundings of business and through which it can be affected in several manner. Situational analysis is an action which is taken by marketers prior to any new marketing engagement or promotional plans for efficient results and achieving marketing goals that will ultimately result in attaining organisational aims. Situationalanalysisofmarketisconductedforthenewmarketingcampaignof Travelodge“Enablingaleadingbrand”.TOWSMatrixisutilisedforthisforgetting appropriate idea of marketing management of resources and potentials(Moutinho and Vargas- Sanchez, 2018). TOWS matrix A model which is efficient enough enabling brands and businesses to determine those strategic options which are not easily present in-front of them. Marketers use this model as it ensures that the organisation have an opportunity to make the best use of its strengths and get along with its internal weakness. For the campaign of Travelodge it is the tool ensuring determination of internal strengths and weakness along with external opportunities and threats. Once this step is completed strategic tactics emerges by integrating strengths-opportunities, weaknesses-opportunities, strengths-threats and weaknesses-threats.
STRENGTHSWEAKNESSES Travelodge is a brand whichisoperatingin market since 1985 and now it is known as the leadingbudgeted hotelchainUK. Offeringsof Travelodgeare affordable and as it is describedinmarket budget hotel providing basicfacilitiesto customerbutenough valueofthemoney they paid(Luiz, 2016). Strong and extensive presenceinmajor threehospitality markets that is first its homeUK,Spainand RepublicofIreland. Travelodgeservesto morethan13million customersthroughits approx600hotelsin differentlocationof UK and more in other global markets as well. Travelodge is a budget hotelwhichmean entityhaslimited facilitiesand amenitiesforguests which sometimes leads tounsatisfied customersdueto discomfort. Anotherweaknessof Travelodge is the brand has huge goodwill and presence in UK but in other global market it donotholdand efficientoperation. Higherdependency onUKmarkethave caused great losses to Travelodgeinsuch criticalsituationsof economyduetofirst BREXIT deal and now COVID19disease (AtwalandWilliams, 2017).
OPPORTUNITIESSTRENGTHS- OPPORTUNITIES WEAKNESSES- OPPORTUNITIES Marketdevelopment is the great and the best opportunityavailable forTravelodge. Companyhasstrong presenceinUKand working efficiently but havetomoveand expandoperationsin new markets. Currently the hospitality industry in the whole world is sufferingbutpeople willmoveandtravel moreforbusiness purpose rather than on vacationsforwhich budgethotelshave greatscope(Mariani, DiFeliceandMura, 2016). Travelodge is a leader of budget hotels in UK holdingoperationsin SpainandIrelandas well. The company has potential opportunity to makeuseofits goodwillandmarket image of budget option providertocustomers andexpand into new higher marketswhere it has potential chances ofgrowthand developmentand attainmentofits objectives. Losses due to Corona virus crises and over dependencyof TravelodgeonUK's markets will be causing hindrancesin expansion as resources arelowand competitionishuge even more than before (Zhabinandetal., 2016). THREATSSTRENGTHS-THREATSWEAKNESSES-THREATS The threat which have causedhugechaosin theworldisCorona Virus and the disease COVID19. This threat leadstodevelopment The feature of being a budgethotelitis useful in dealing with the threat of Corona Virusinpotential market. As people will Theweaknessoflow rangeofofferingin relation with facilities and amenitiescan be dealt with the threat of CoronaVirusand
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ofTravelodgenew marketingcampaign focusedover developingitselfasa leading brand. moveandtravelfor businessandinsuch situationwithlow incomes and increasing expensestheywill chose budget hotel over luxury. companycaneasily develop new customer basewhoismore satisfied and happy. 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. “ENABLING A LEADING BRAND” Objectives: Leading brand is the purpose of Travelodge to fight back and survive with the current market situation caused due to Corona Virus in several economies of the world affecting the most to hospitality industry. In order to succeed and earn the position of leading brand company has to understand and gain knowledge about the current market conditions and knowing the impact of internal and external factors. This analysis is conducted in above section of the report by developing understanding of TOWS matrix. In order to make the marketing campaign of “Enablingaleadingbrand”managedsmoothly,certainultimateobjectiveneedstobe developed which will create the pathway for the campaign to run.These objectives are determined and elaborated below: Moving to sustainable meansis the primal objective identified for the marketing campaign.Therehasbeendevelopmentofnewmoreenvironmentfriendlyand sustainable offering in the4 hospitality industry like every other. This is the new social trendthatshowsmajordiversionofconsumerstowardssustainablegoodsand operations. Human are becoming aware and responsible for the mother earth which is leading them to goods which are made of sustainable means. For fighting with the crises caused by Corona Virus and attracting customers operating sustainable and developing operations which are beneficial for the business and cause very less harm to the environment is the major objective(Gummesson, 2017).
Improvisingthroughtechnologyanddigitaltoolsisoneinitiativetowards sustainability and can be a objective as well for the brand. The first benefits which will be brought to Travelodge through improving their technologies and operating through it is cost. Huge amount of money can be saved by the company for other potential investments. Improving Technologies and advancements have contributed the most in marketing segment allowing more aggressive and efficient promotional activities in very low cost and for wider market and targeted audience. Focusing over safety and security of guests and staffis number one priority of Travelodge which is an essential marketing objective for the business as well. Company has to be focused about safety and social distancing standards which are followed by developing a programme knows as TravelodgeProtect+. This marketing objective will highlight the improvisation taking place in operations through technologies availing all services to customer with minimal human contact and by all social distancing and safe procedures. 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. The marketing plan of organisations are developed by marketers with the help of several tools and techniques. Out of which Marketing mix strategy and STP model specifically focus over marketing activities of business and over promotional actions. The STP analysis and Marketing mix strategies are as elaborated underneath in the next section(Hill and et. al., 2017). STP analysis: Segmentationis a process of dividing the market into smaller groups knows a segments which are characterised according to common features and elements. Travelodge has the surviving opportunity by moving into new markets and spreading its presence. Therefore, geographical segmentation strategy is adopted. Targetingis the next phase of STP which is easier as market is segmented, now it is easy to acquire and attract those who's demand and preferences matched with firms offerings. Travelodge is a budget hotel chain offering basic facilities and amenities to people in the paid value of money. Therefore, targeted audience is those who are in need to travel due
to budget cuts looking for safe and secured accommodation and other hospitality service provider. Positioningaccording to analysis is last step but most crucial and complicated. For developing differentiated position in market and earning competitive edge this stage plays a major role. Travelodge can make use of their motive ofImprovising through technology and digital toolsfor developing a effective position in existing and new market attracting customers and showcasing their focus over their objectives along with maintaining proper secured social distancing levels(Yang and Gabrielsson, 2017). Marketing mix plan: Productoffering of Travelodge to their customers through budget hotels is clean and properly sanitizedrooms with appropriateamenitieslikeWi-Fi, hot/coldwater in bathrooms, clean linens, AC rooms and many other basic services. According to the nature and budget feature have a standards infrastructure which is suitable for short stay. Priceof product and service offerings of Travelodge depends upon the targeted audience and marketplace in which it is operating. Company have been and has its focus over lower and medium segments of society travelling for some specific purpose with limited budgets.Therefore,severaloffersandcombosareprovidedforattractingpeople matching them with their pockets and spending capabilities. Placereferring to the place of distribution of services and products, Travelodge is budget hotel but its distribution channels are massive as it has hotels in more than 600 location in justUnitedKingdom.Throughthismarketingcampaignofbecomingaleader management is spreading operations, developing more global presence as well as higher standards of distribution channels. Promotionismustastoimprovecustomerbaseandattractingnewconsumers. Travelodge is conducting a marketing campaign but this is not enough other promotional channels needs to be explored by the firm as well(Baker and Hart, 2016). Here the marketing objective of“Improvising through technology and digital tools”is relevant. Digital tools and advanced technologies have made marketing and promotions very cheap andrapid.Socialmediaisthepotentialsourceofmarketing,attractiveposters, advertisements and graphical images are useful in reaching to maximum customers and
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just few clicks. Moreover, social media and internet allows Travelodge to maintain social distancing standards as no or very less human contact will be required for customers to book their accommodations and other services by Travelodge. Peoplethat is the workforce working with Travelodge is around 11,000. All employees are experts holding required skills and competencies in their respective expertise area. Moreover, teams and employee safety is must for the company for which there are regular checks and sanitisation processes being involved in operations. Employees are trained and orientation sessions are provided over new safety and security standards that are must to follow that are developed with integration of WHO safety and security levels and sanitisation procedures(Barbu, Buzoianu and Margina, 2017). ProcessaretheoperationalprocedurecarriedoutinTravelodgeforrunningthe operations smoothly and in accordance with organisations policies and regulations. With the new marketing campaign of“Enabling a leading brand”hospitality organisation is changing and evolving its operations too. Now more safety and sanitising procedures are followed and focused. New online processes are developed for books, resolving quires, making payments, getting customer feedbacks and rendering services with minimal human contact. Physical Evidencein general refers to the authenticity and appropriateness of the operations and service offering advertised and offered by company to the customers. Travelodge is making efforts and procedures for working in sufficient manner to fulfil their promises made to people or targeted audience. Monitoring and controlling: The concluding or the last factor of a marketing plan of Travelodge is monitoring and controlling actions that are required to be performed after 12 months time period with the sole purpose of evaluating and analysing that projected objected are attained or not and if any changes needed to be made in plan fro progress and betterment. The controlling and monitoring activities will allow marketers to take a thorough look over the success or failure of their plans and how the can bring improvement or enhancement for growth and more success in future.
TASK 4 Provide proposals on how travelodge can improve their levels of customer service as part of their ‘Enabling a leading brand’marketing campaign. In the whole report discussion is conducted for developing an effective marketing plans for Travelodge which will ensure the success of marketing campaign“Enabling a leading brand”. According to the plans few suggestions for entering the market and smooth running of operations are necessary to follow for efficient and authentic outcomes. Recommendations: Merger and acquisitions for entering new marketis the most potential source of entering new markets and expanding. Merger and acquisition refers to joining hands with a business venture which already exist and operates in the market where Travelodge is planning to expand. Several benefits associates with merger and acquisition is it is known for less chaotic and effort consuming expansion strategy. Travelodge will require very less resources as it can use resources of the other business venture to establish itself by just improvising them according to new standards and objectives(Reiter and Matthaeus, 2018). Operatingethicallyandsubstantiallyasplannedasthisisoneofthevital consideration needed to be considered by Travelodge by looking at the current scenario of the world and its marketing campaign being a hospitality service provider. Travelodge have to integrate their objective with other firm and make sure that they are working ethically by following all laws and orders as well as through sustainable means. They are required to change their operational procedures into sustainable one for matching with theirobjectivesandrenderingvaluetocustomersthroughappropriateservicesas advertised and promised. Focusing over services rather than number of bookingsis a suggestion to Travelodge as current aim of organisation is to increase their customer base and global presence but with serving guests with motive of best hospitality experience after being a budget hotel. For following all safety and social distancing standards it is essential that hotels are not overpopulated and overbooked. They have to make sure that no room is assigned to visitors without proper sanitisation and with a time gap of a day after prior guest left the
room.Servicestandards,safetyschedules.sanitisationprocesseswilldefinethe achievement of all objectives and working ethically rather overbooking the hotels and violating all safety polices developed and issued by government and WHO as well (Rowley, 2016). CONCLUSION The report is formulated for hospitality industry and over their marketing management practices concluding that in order to develop efficient marketing plans for utmost utilisation of available resources and potential management company has to undertake thorough market research.The research and deep analysis allowed entity to identify those factors which can impact their operations in positive and negative manner and how to utilise them for the benefit of the firm and long term growth. Moreover, for the marketing campaign first objectives were developed which are moving towards digitalisation, developing sustainability etc. Once market research is over and objectives are developed then accordingly marketing plan is developed with the help of Marketing mix tool and STP models of marketing and promotion. Furthermore, at the end of the report recommendations are provided for better customer service standards such as spreading their operations, working ethically and sustainability and ignoring overbooking and rendering utmost value to guests who have paid for services offered.
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