Marketing Plan for Premier Inn Hotel in London, UK
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Added on  2023/06/09
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This marketing plan focuses on Premier Inn Hotel in London, UK and covers the marketing mix, micro and macro environment, customer value and engagement, and effective use of digital marketing.
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Table of Contents INTRODUCTION..........................................................................................................................3 TASK..............................................................................................................................................3 The Marketing mix of Premier Inn............................................................................................3 The Marketing Environment (Micro)..........................................................................................4 The marketing Environment (Macro).........................................................................................5 Creating Customer Value and Engagement................................................................................6 Effective use of Digital Marketing..............................................................................................6 CONCLUSION...............................................................................................................................7 REFERENCES................................................................................................................................8
INTRODUCTION Marketing plan defines the marketing,promotional and advertising strategy by which a business will implement to sell its products and services(Chernev, 2020).This report is based on Premier Inn ,it is a British limited service hotel chain in Dunstable, UK .The premier Inn was founded in 1987 by Whitbread. The marketing plan is helpful to clearly define the marketing objectives of the business that align with the organization's mission and vision. The main purpose of this marketing plan is to attract new customers after the pandemic lock down in Premier Inn Hotel. The geographical area is chosen in this report is London,UK. It has the UK's top tourists destination because it is full oficonic attractions places. The Premier Inn hotel can more expand its business in London and attract new customers which is help in its competitive advantage. This report will cover the marketing mix,micro and macro environment factors etc. TASK The Marketing mix of Premier Inn ï‚·Product-Premier Inn offers different types of rooms services for different customers. It also provide facilities such as TV,free Wi-Fi,tea and coffee. The rooms of this hotel are divided as single ,double as well as accessible(Solimun and Fernandes,2018). Some customers like the service of hotel too much while others don't, its all depend on the services provided by the hotel. ï‚·Price-The Premier Inn hotel's pricing strategies are flex,advance,standard and semi-flex. They offer different options to customers. But some customers cant afford such prices and they face difficulties to book a room .If the hotel set affordable pricing strategies then it will help in acquiring customers. ï‚·Place-Premier Inn has around 800 hotels across the UK as well as insome other countries.It ensures about the place sustainability and location. Customers can reach to
hotel by book rooms through hotel's website and app,they also provide online booking facilities which attract the customers. The hotel used social media to promote new hotels & destinations. ï‚·Promotion-Promotional strategy has playing important role in the marketing mix .It is the era of internet so the aim of premier Inn is focuses on delivering the ads messages to people digitally and enhancing their business(Nikunen,et.al.,2017).The hotel also invests a lot of money on advertising such as social media platforms,digital,newspapers,TV and radio etc. The Marketing Environment (Micro) SWOT Analysis is refers to the internal and external factors of any organization. In Premier Inn SWOT Analysis the strengths and weaknesses are the internal factors whereas opportunities and threats are the external factors(Lahtinen, Dietrich and Rundle-Thiele, 2020). Strengths- ï‚·Premier Inn has strong networking with all of its stakeholders and it provides high level of customer service which meets to the customers needs and wants. Their eco-friendly services would attract more customers with expectations of healthy environments limiting COVID-19 transmissions. ï‚·Apart from UK it should also focuses on expand its business in other countries which is beneficial in its competitive advantage. Weaknesses- ï‚·The global presence of Premier Linn not as elaborate as international hotel chains. They should also expand their hotel chains in other countries(Teoli, Sanvictores and, 2019). ï‚·The hotel should focus on reducing high costs and providing good services in affordable prices.
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Opportunities- ï‚·Premier Inn should investing in digital marketing it will helpful in reach to the targeted customers and advertising their business.ï‚·If they provide quality of services in low prices ,it will beneficial them to acquire the attention of customers and maximizing profit. Threats- ï‚·The Premier Inn Hotel is having increased customer complaints because of data failure which is likely to negatively impact to the hotel brand. ï‚·Due to pandemic Premier Inn affected badly and faces loss,it may be a challenging situation for the hotel to run their business in future more efficiently. The marketing Environment (Macro) The PESTEL Analysis of Premier Inndescribes a framework of macro-environmental factors used to gain a macro picture of an hotel industry environment. Pestle analysis defines as the external factors of the organizations which includes- political,economical,social,technological,legal,environmental factors. ï‚·Political factors-Itincludes government policies,tax policies and labour laws etc. (Kalverkamp and Raabe, 2018). Premier Inn has proven over years that it is capable to respond to the current and future legislation and all its overseasmarkets are politically stable as well. After pandemic local resident and tourists have been discouraged from using the hotel facilities which makes negative impact to the hotel.ï‚·Economicalfactors-Previousyear,globallyeconomieshavebeenaffectedduring COVID-19 and it is expected the living cost are increasing and people prefer low costs. This may severely affects the profit and operations of Premier Inn.
ï‚·Social factors-Premier Inn is focused on customers needs and preferences and meet their satisfactions(Brychkov and Domegan, 2017). Changing life styles and living standards has brought many social changes,so the hotel change their business strategy with changing social values.ï‚·Technologicalfactors-PremierInnshouldtakeadvantageandusetechnologyto advertisingtheirbusinessdigitally(Flaherty,et.al.,2020).Advancedtechnologyhas enabled Premier Inn Hotel to increase booking and online customer services.Because technology is largely impact the marketing and promotion of the products and services.ï‚·Legal factors-These factors basically focus on acts, laws, consumer protection,minimum wages, employment laws etc. The minimum wage rate has been increased 15.5% by UK government(Peterson, 2021).Premier Inn also sets out sincerity to work with suppliers to support the implementation of the Policy. ï‚·Environmental factors-The Premier Innsets the appropriate environmentalpolicies which makes the environment sustainable for good business conduct. They use eco- friendly factors such as energy saving solar energy and water efficient showers which have been attracting many visitors to the hotel . They have developed a strong emphasis on Corporate Social Responsibility which is the major core competencies of the hotel. Creating Customer Value and Engagement Premier Inn can offering good services and programs and can make a guest feel special. By treating them politely and providing excellent customer service make them happy and content(Roy Chaudhuri and Jagadale, 2021). The hotel should take care of the needs and preferences of its existing as well as potential customers and create customer value. Best facilities & special offers on services can result in good feedback from the customers and satisfy their needs. It will also help in developing visitor engagements with customer(An, M.A. and Han, 2020).The best marketing channels to use for enhancing the hotel business through Email marketing,SEO,Socialmedia,onlineadvertisingaswellasofflineadvertisingsuchas TV,newspapers and radio. Social media marketing may be helpful to attract new customers towards the industry(Janssens, 2021).
Effective use of Digital Marketing Digital Marketing is one of the widely used tool in this century. People search hotels online by mobile or computers to know about their services ,facilities and reviews(Hofacker, 2018).After that they decide to book rooms in a particular hotel or not. If the content on the hotel website is clear and of good quality ,that there is a possibility to attract the customers. Premier Inn should creating excellent digital marketing strategy to reach its existing as well as potential customers(Chaffey and Smith, 2017).The hotel should more focuses on maintain their brand awareness on social media platforms such as Facebook,Twitter,Instagram in addition to Google and many more. They may creating a social media channel on Instagram and uploading attractive post about their programs,services and offers on their daily basis. These activities will be helpful in competitive advantage and enhancing the growth of the industry across the world (Evans, Bratton and McKee, 2021).The hotel should also deliver message to the customers that their stay is important for the hotel and its staff ,so give us a chance to serve you with our hotel's best quality of product & services. That will make a positive impact and attract the customers around the world. CONCLUSION From the above project report it has been concluded that the marketing plan and marketing mix strategy both are very crucial for the successful development of the business. This report includes the marketing plan in relevant to the hotel Premier Inn. Then it consists the marketing-mix , micro and macro marketing environment of the hotel such as SWOT and PESTLE which influence the hotel industry directly or indirectly. At last the report covers the customer value & visitor engagement. It is a suggestion to the marketing professionals and management team of the Premier Inn to invest more in digital marketing by adversing that they should invest money on advertising social media platform .Apart from UK they should also develop theirmarketingstrategy with focusing on expanding theirhotel chainsin other countries . It would helpful for the hotel industry to growing their business and brand loyalty for attracting new customers.
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REFERENCES Books and Journals An, M.A. and Han, 2020. Effects of experiential motivation and customer engagement on customer value creation: Analysis of psychological process in the experience-based retail environment.Journal of Business Research,120, pp.389-397. Brychkovand Domegan,2017.Socialmarketingandsystemsscience:past,presentand future.Journal of Social Marketing,7(1), pp.74-93. Chaffey and Smith, 2017.Digital marketing excellence: planning, optimizing and integrating online marketing. Routledge. Chernev, 2020.The marketing plan handbook. Cerebellum Press. Evans, Bratton and McKee, 2021.Social media marketing. AG Printing & Publishing. Flaherty,et.al.,2020. Systemssocialmarketingand macro-socialmarketing:A systematic review.Social Marketing Quarterly,26(2), pp.146-166. Hofacker,2018.DigitalMarketing:communicating,sellingand connecting.Edward Elgar Publishing. Janssens,2021. It's All About Creating Customer Value: Activating Engagement Through CRM-DrivenProjects.InInsights,Innovation,andAnalyticsforOptimalCustomer Engagement(pp. 226-256). IGI Global. Kalverkamp and Raabe, 2018. Automotive remanufacturing in the circular economy in Europe: marketing system challenges.Journal of Macromarketing,38(1), pp.112-130. Lahtinen,DietrichandRundle-Thiele,2020.Longlivethemarketingmix.Testingthe effectiveness of the commercial marketing mix in a social marketing context.Journal of Social Marketing. Nikunen,et.al.,2017.Micro-Enterprise'sDigitalMarketingToolsforBuildingCustomer Relationships.Management (18544223),12(2). Peterson, 2021. Using macromarketing to teach business sustainability.Journal of Marketing Education, p.02734753211048538.
Roy Chaudhuri and Jagadale, 2021. Normalized heterotopia as a market failure in a spatial marketing system: The case of gated communities in India.Journal of Macromarketing,41(2), pp.297-314. Solimun, and Fernandes, 2018. The mediation effect of customer satisfaction in the relationship betweenservicequality,serviceorientation,andmarketingmixstrategytocustomer loyalty.Journal of Management Development. Teoli, Sanvictores and, 2019. SWOT analysis.