This report presents the fundamentals of marketing used by Qantas Airlines to attract its target customers and increase its revenue. It includes an overview of the company, target market, marketing activities, and recommendations for improvement.
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Running head: FUNDAMENTALS OF MARKETING Fundamentals of Marketing October 16 201 8
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FUNDAMENTALS OF MARKETING1 Table of Contents Introduction................................................................................................................................2 Overview of Qantas Airlines..................................................................................................2 Target Market of Qantas Airlines..........................................................................................2 Marketing Activities of Qantas Airlines................................................................................3 Recommendations..................................................................................................................4 Conclusion..................................................................................................................................4 References..................................................................................................................................5
FUNDAMENTALS OF MARKETING2 Introduction The basic chant of marketing is to get the attention of the customer in the services and products offered by the company and to attract the customer; business should understand the demands and needs of the consumers. Therefore, it could be said that knowing the customers is important to satisfy the customers (Dikkatwar, 2018). The purpose of this report is to present the fundamentals of marketing used by Qantas Airlines to attract its target customers and increase its revenue. The report will highlight different strategies that the company will use to target its audience and promote its services in the market. Overview of Qantas Airlines Qantas is the short form of “Queensland and North Territory Aerial Services”, is one of the oldest airline services of Australia. The company presently operates 5000 weekly flights all around Africa, South America, Australia, Asia, New Zealand, Europe, and North America. Qantas has also been given a nicknamed i.e. The Flying Kangaroo. Qantas operate its business domestically under QantasLink as the brand name that carries around 2000 flights intersecting the Australian continent. Besides this, the company offer huge employment opportunities in the market and presently hires around 35,000 employees internationally (Qantas, 2018). Target Market of Qantas Airlines Qantas market segmentation can be said as a complex activity, depending on the evidence that segments have varied necessities, wants, and expectations. The company for the selection of target market adopts behavioral segmentation. Qantas place its services of the airline as one that offers infinite luxury and the highest quality with excellent service. Safety is also one of the essential aspects that are focused by the company (Qantas, 2018).
FUNDAMENTALS OF MARKETING3 Target SegmentationTarget AudienceTypes Segment 1Business Travellers (Qantas, 2018) EmergencyBusiness travellers Conference Travellers Routine Travellers Segment 2Leisure TravellersMultipleDestination Travellers Weekend Tourists The target market of Qantas Airlines does not falter to pay for the amenities offered by the company. It has adopted a popular program of customer loyalty, called Qantas Frequent Flier. Marketing Activities of Qantas Airlines Qantas Airlines make sales promotions, advertisements, public relations, direct marketing, and personal selling to attract its target audience. Advertisement- Internet advertisement, magazines, TV, brochures, radio, billboards, etc. are utilized for product promotion and branding. Direct marketing is utilized to deliver messages to different customers. Messages are tailored as per the behavior and perception of every customer segment in order to attract the, at a personal level (Qantas, 2018). Qantas Makes use of Sales Promotion during low seasons Direct selling is utilized for corporate consumers Email marketing, Social networking, and blogs are utilized to reach customers Public Relation- Sponsorships of sports, entertainment relayed programs, PR activities, charitable programs sponsorship, event art programs, etc.
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FUNDAMENTALS OF MARKETING4 Additional Information- Qantas provide incentives such as Frequent Flier program to trap new customers and uphold previous travelers. The company makes use of a tagline ‘The Spirit of Australia' in order to demonstrate that it does what it declares, the business is linked with the well-being of the Aboriginal Community. Besides this, it also endorses the art and culture of Australia. Qantas provisions LGTIQ community and parity in marriage theme with the help of different campaigns as the part of its community services (Bhasin, 2018). Recommendations From the analysis, it has been analyzed that Qantas Airlines majorly focus towards the business and leisure seeker travelers; therefore, it could be recommended that it should try to reduce the range of flight delays. Besides this, it should maintain the consistency in the standards of service in each class. Qantas Airlines should increase its focus towards internet advertisements on business and travel sites visited by target customers. Flash ads, down ads/pop-up ads, and rich content ads must be engaged at maximum level. Revamping of social networking is required. The page must be attractive, customer-friendly, and informal. The use of Newsletter sending and email marketing must be increased. Conclusion From the above analysis, it could be said that Qantas Airline is one of the oldest airlines of Australia and offering its quality services to business class travelers and leisure seeker travelers. The company makes use of different public relation and advertisement activities to attract its target audience. However, it needs to give more importance to internet promotions and update the company’s online website in order to make it customer-friendly.
FUNDAMENTALS OF MARKETING5 References Bhasin,H.(2018)MarketingmixofQantasAirways[online].Availablefrom https://www.marketing91.com/marketing-mix-of-qantas-airways/[accessed 16 October 2018] Dikkatwar,R.(2018)BasicsofMarketing[online].Availablefrom http://cms.sinhgad.edu/media/365810/sample%20notes%20of%20basics%20of %20marketing.pdf[accessed 16 October 2018] Qantas(2018)OurCompany[online].Availablefrom https://www.qantas.com/travel/airlines/company/global/en[accessed 16 October 2018] Qantas (2018)CustomerCharter and Frequent FlyerCustomerCommitment[online]. Available fromhttps://www.qantas.com/travel/airlines/customer-charter/global/en[accessed 16 October 2018] Qantas(2018)Customerservice[online].Availablefrom https://www.qantas.com/in/en/about-us/qantas-careers/customer-service.html[accessed16 October 2018] Qantas(2018)WorkingTowardsOurVision[online].Availablefrom https://www.qantas.com.au/infodetail/about/corporateGovernance/BusinessPracticesDocume nt.pdf[accessed 16 October 2018]