Digital Marketing Plan and Omni Channel Marketing for Hilton
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This study explores the effectiveness and importance of developing a digital marketing plan for Hilton, a multinational hotel group. It also discusses the use of Omni channel marketing to meet business objectives.
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Table of Contents INTRODUCTION...........................................................................................................................1 LO 3.................................................................................................................................................1 P5 Digital marketing plan and strategy to build multichannel capabilities.................................1 P6 How Omni channel marketing is used to meet business objectives for Hilton......................5 LO 4.................................................................................................................................................5 P7 Measurement techniques and performance metrics for digital marketing plan.....................5 P8 Set of actions and ways to improve performance in digital marketing..................................6 CONCLUSION................................................................................................................................6
INTRODUCTION Marketing refers a group of activities which are being undertaken by companies in order to promote their products and services to customers (Kotler and et.al., 2017). This study is based on Hilton which is an American multination hotel group. This present study is going to show effectiveness and importance of developing a digital marketing plan. Further, it will also show some ways and importance of measuring performance of digital marketing performance in order to take competitive advantages. LO 3 P5 Digital marketing plan and strategy to build multichannel capabilities Marketing is one of the main functions which allows companies to promote their products or make customers aware about features o their products and services (Chaffey and Ellis-Chadwick, 2019). One of the main aim of hospitality sector to perform marketing function is to increase sales by attracting customers to the great extent. Some elements of an effective digital marketing plan include: Executive summary Hilton is multinational American hospitality company which manages as well as franchises a broad portfolio of hotels and resorts. This marketing plan will show situational analysis of this hotel which will help it out in identifying its own strengths, weaknesses. With the help of using effective tools, it also analyse external environmental factors in order to take competitive advantages by making changes in strategies accordingly. It also shows importance of marketing strategy for developing plan. Mission Mission of Hilton hotel is to become the most hospitable company by creating heartfelt experience for guests. For accomplishing its mission, it mainly focuses on quality of products and customers’ services (Mission and Vision of Hilton Worldwide, 2017). Vision As per its vision statement it wants to fill the earth with the light as well as warmth of hospitality by providing excellent experience and value to customers. Digital marketing goal 1
ď‚·To increase sales of products and services up to 25-30 % in the by the end of 2021. ď‚·To increase number of customer and traffic on its official website. Situational analysis With the help of SWOT analysis tool, it will analysis its own abilities and weaknesses in order to develop them and removing weaknesses (Ryan and et.al., 2018). Strengths ď‚·One of the main strength of this hotel is it hasstrong employeesretentionas well as skilled workforce. ď‚·It has approximate 540 hotels in 78 countries. ď‚·Thisishighbrandrecognitionand popular. ď‚·It also has potential loyal customers (SWOTAnalysisofHiltonHotel, 2018). Weaknesses ď‚·Malwareandbreachesisoneofits weakness. ď‚·It has limited market shares. ď‚·Differentgovernmentalpoliciesof different countries in which it operates affecting in a negative manner. Opportunities ď‚·Ithashighpotentialinemerging markets. ď‚·Strong financial stability provides its opportunity of digitalization. ď‚·Business expansion. Threats ď‚·Intensecompetitioninhospitality sector is the main threat. ď‚·Stagnated growth. ď‚·Legalissuesarecreatingseveral problems. External environmental analysis Political factors Terrorismisoneofthemainfactorof political which has somehow decreased sales ofhospitalitysectorPeoplehavefearof coming in London, UK. It is decreasing sales of the company. On the other hand, it is also Economic factors There are several economic factors which are affecting its performance in critic manner. For example: At the time of Olympic and other global activities, most of the hotels including Hilton remained occupied. It increases its sales. 2
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statedthatHiltonisengagingitself worldwide in lobbying in order to become able to influence some political factors and making it in favour. On the other hand, at the time of financial crisis it profits went down. So, it can be said that economic condition of the country plays an important role. Social factors It is stated that people of the UK and other countries spend or invest more in this sector. Itcanprovideitseveralbenefitsas increasingsales.Somechangesin demographic and family patterns can affect it inacriticmanner.Butbymakingan effective e use of social media it is taking opportunity of social factors. Technological factors All hotels and organizations of this industry are making use of technology to the great extent. It is increasing competition and it can decrease profit margin of Hilton hotel. Whereas, string financial stability makes it able investing in technologyandtakingadvantagesof competition. Competitor analysis Five forcesIntensityImpact Bargaining power of customers HighCustomers in this industry are known as end users and the most important element. An organization withhavingaweakcustomersbaseinthis industry cannot grow so, it is important for them to satisfy customers. For satisfying new entrants andotherorganizationsuseeffectivepricing strategy. So, it has high inetense. Bargaining power of suppliers LowIn this context, it is stated that there are several suppliers and Hilton purchase raw materials from approximate 400 suppliers by which suppliers can not switch shop. Due to variety and number of suppliers this force has low intensity. Threatsofnew entrants ModerateThere are several barriers to entry in this industry. One of the main reason which is making this force moderate is heavy investment. Other main 3
factor is to compete against Hilton, Marriot is makingthisforcemoderateintense(Coester, 2019). Threatsof substitutes HighIn this context, it is stated that there are several houses which are allowing customers to stay and provide all facilities as like home or hotel. So, there is a moderate force but Hilton hotel provides excellent services. RivalryHigh or fierceThere are several hotels in this industry who are popular and providing sae features of products and services to customers. All these competitors suchas:Marriott,Radissonareincreasing competition. STP Segmentation, targeting ad positioning is other main strategy which can help Hilton in developing its plan and identifying the main group of people whom it wants to attract and can increase its sell. There are several types of segmentation such as demographic, geographic and psychographic. Hilton mainly focuses on demographic segmentation. As per this it targets middle and senior aged professionals with having high level of income. Who pursues luxury lifestyle. It also makes an effective use of other segments. Marketing mix:It is also known as one of the best strategy by which Hilton can improve its all elements of marketing mix by comparing it with its competitors. Products: Hilton hotel provides variety of products and services to its customers such as: room facilities, food products and Garden services, executive services and other services. Price:It uses different pricing strategies as per the market situation and country in which it operates. It also varies with value added services such as: parking facilities, food facilities, Wi-Fi facilities and others. It mainly focuses on premium pricing policy. Place:It is a hotel chain and its hotels are situated at different locations from where it provides services to customers. It provides online booking facilities as well. 4
Promotion:It uses an effective promotional strategy which helps it out in taking competitive advantages. It has collaborated with payment banks and different restaurants for providing variety of food products to customers (Ngarava and Mushunje, 2019). Monitoring and evaluation After making the plan, it is also important to monitor it in order to take effective controlling measurement and knowing viability. Hilton hotel will mainly focus on digital marketing campaign rather focusing on traditional method. By making an effective use of this strategy it can measure effectiveness of its plan and can take actions accordingly. P6 How Omni channel marketing is used to meet business objectives for Hilton Omni channel is a type of marketing in which Hilton hotel offers the best customers. It is one of the best and effective model by which companies can increase their sales and customers experience. As per this strategy, Customers are allowed to buy products and services online by making an effective use of internet. Opportunities of Omni-channel marketing There are several benefits of using Omni-channel marketing which can be used by Hilton hotel such as: Omni channel marketing can help this hotel in increasing customers’ loyalty. It can also grab attention of target market. So, it can be said that it is one of the best model which can improve relationship and engage customers with the hotel (Payne, Peltier and Barger, V.A., 2017). It can also support this hotel in increasing revenue as several customers invest in online channels. So, as per their preference and needs, it can be useful for this company. LO 4 P7 Measurement techniques and performance metrics for digital marketing plan In order to analyse impacts of digital marketing plan on the performance of the company and making it better, it is important for this hotel to make an effective use o measurement tools and techniques such as: Key performance indicators:it is known as one of the best and effective measurement tool which can help Hilton in measuring effectiveness performance of digital marketing. With the help of this tool, it can also analyse effectiveness of different channels in order to select the best 5
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one. By knowing that how customers use different channels and as per the product, which channel will be useful, it can analyse its performance (Turner and et.al., 2019). Measurable metrics:It is other important tool which can also support to Hilton in identifying effectiveness of performance. This tool can also allow this hotel in describing employees’ revenue and whether they are performing in an efficient manner or not. By making an effective use of this model it can also measure cost, customers’ satisfaction level and budget variances as well. P8 Set of actions and ways to improve performance in digital marketing There are mainly 3 steps of improving performance in digital marketing such as: Identification as well as selecting the best and appropriate measurement tool for measuring performance of digital marketing than acquainted with digital marketing measurement formula and lastly making an effective use of knowledge of digital marketing measurement tool. Rather, following all above discussed steps, Hilton can use below discussed tools such as: Feedback:Taking feedback from employees and customers is one of the best way of knowing the actual position of the hotel and effectiveness of digital marketing performance. As per the given feedbacks by customers bad and good, company can make changes in its strategies and model accordingly. Joining Digital marketing group:There are several digital marketing group and by taking active participation in such kinds of group, Hilton can know effectiveness of its performance. It can be an active participation in LinkedIn, Face book and other groups and share all informations related to products and services to customers (Mat, Trujillo and Mylopoulos, 2017). CONCLUSION From the above assignment, it can be concluded that marketing function played a vital role. It helped companies in making their business successful as well as accomplishing pre- determined goal, vision and mission. It has also shown importance of using measurement and analysis tool in order to know effectiveness and viability of its plan. Lastly, this study has discussed about importance of Omni-channel marketing and some ways by which company can improve their performance in market. 6
REFERENCES Books and Journals: Chaffey, D. and Ellis-Chadwick, F., 2019.Digital marketing. Pearson UK. Coester, C., 2019.Competitive analysis of k-server variants and metrical task systems(Doctoral dissertation, University of Oxford). Kotler, P. and et.al., 2017. Marketing for hospitality and tourism. Mat, A., Trujillo, J. and Mylopoulos, J., 2017. Specification and derivation of key performance indicators for business analytics.Data & Knowledge Engineering.108(C). pp.30-49. Ngarava, S. and Mushunje, A., 2019. Marketing mix strategy determinants in pork-based agri- businesses: Experiences from Zimbabwe.Acta Commercii.19(2). pp.1-9. Payne,E.M.,Peltier,J.W.andBarger,V.A.,2017.Omni-channelmarketing,integrated marketingcommunicationsandconsumerengagement.JournalofResearchin Interactive Marketing. Ryan, D. and et.al., 2018. Challenges in the implementation of the EAACI AIT guidelines: a situational analysis of current provision of allergen immunotherapy.Allergy.73(4). pp.827-836. Turner,J.andet.al.,2019.Identifyingpotentialmeasurestoassessambulanceservice performance and quality of care. InDeveloping new ways of measuring the quality and impact of ambulance service care: the PhOEBE mixed-methods research programme. NIHR Journals Library. [Online]. SWOT Analysis of Hilton Hotel. 2018. Available through: <https://www.howandwhat.net/swot- analysis-hilton-worldwide/> MissionandVisionofHiltonWorldwide.2017.Availablethrough:< https://notesmatic.com/2017/03/mission-and-vision-of-hilton-worldwide-an-analysis/> 7