This document discusses the roles and responsibilities of marketing in the hospitality industry, the importance of interrelationship between marketing and other functional units, and a comparison of different hospitality organizations in the marketing mix. It also includes a marketing plan for Ritz Hotel London.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY..................................................................................................................................3 Roles and responsibilities of marketing function........................................................................3 Importance of interrelationship between marketing with other functional units.........................5 Comparison of different hospitality organization in marketing mix...........................................6 Marketing Plan for Ritz Hotel London........................................................................................9 CONCLUSION..............................................................................................................................12 REFERENCES................................................................................................................................1
INTRODUCTION Hospitality is relation between host and guest, where hot attend guest with their goodwill, regard entertainment of guests, visitors and reception. It also manner to delicacy others, this is work of hospitable visitor for example in hotels. It plays fundamental role in reducing sales volume of organization which could be either followed by every business (Andersson,2018). The Ritz-Carlton hotel company is multinational organization which function the luxury hotel chain. Company has numerous resorts across countries. This report analyses role and responsibilities of marketing environment and interrelationship between marketing with other functional units. This report also evaluate different tactics which is applied in business objective to demonstrate hospitality organization along with marketing plan that meet to achieve goals. MAIN BODY Roles and responsibilities of marketing function Marketingisessentialpartfororganizationasitsetofinstitution,creatingprocess, communicating, delivering and have value for their customer, partner or society at range. It also refers to buying and selling of goods and services for making customer satisfaction with their needs and wants. Roles of marketing function- Meets consumer desired and wants:- Marketers identify their needs and wants in customer like in Ritz hotel they try to fulfil consumer by having new menu cards, services and new technological for achieving more target audience. Desired and wants can be influenced shape of cultural and single personalities. As they can be satisfied through exchange process at market with buying and selling of goods and services. Secure organizational development and reputation:- Marketing function helps business in developing their objective for consumer desired (Buhalis and Leung, 2018). In Ritz hotel marketing is essential in satisfying customer expectation as they can have different types of services that need to be complete, and they are the best promotional gadgets for developing their hotels skills. Adapting right price:- Price for every item and rooms price must be important for marketing. WhilehavingpricereasonablemanymorecustomervisitRitz-Carltonhotel.Marketing strategies helps them in setting fair prices, preparing right approaches and cooperate with changing environment. The exchange process moves smoothly if prices are fixed and flexible.
Better products offering:- Ritz-Carlton offers good product to their loyal customer and keep them connection with providing some offers, discount and rewards. Services being divided into intangibilityandinseparability.Thus,marketingfunctionsmayactiveroleindesigning organizational structure and manage product offers. Directionof need:- Marketersare skilled professed who influencedeven, regulationand constitution of demand (Cuiand Xiao, 2019.). Ritz-Carlton customer demand can be sometime negative either positive which helps them out in dealing different level of demand in competition market. Occurrence social responsibilities:- Improving in consumer prospect, government rules and regulation as they strained company to activity high level of social responsibilities. Therefore, social marketing also play important in market of Ritz-Carlton to promote their products and make them more developed in countries along with loyal customer. For example Ritz-Carlton in rural location being to develop. Economic growth:- Marketing the best skills to create demand among competitors. Increasing demand may leads to encourages production and distribution activities. As result in increasing Ritz-Carlton assistance and modification income level for rising employment opportunities. In improving modular of living by contribution superior and well-developed products. Thus, economic growth is overall modified. Responsibilities of marketing functions- Perception to customer needs:-It is most important to keep connection with customer so by that marketer can easily understand and listen throughout their problem and analysis their conflicts. Internal of Ritz-Carlton create surveys for sales person and customer support team that can enhancing and redirecting marketing strategies for future (Johnson And et.al., 2019). Outside of company they perform as researcher and develop actions on social networks for understanding their customer through social networking sites. Tracking trends and control competition:- Most necessary for company to know bout their competition in market. Ritz-Carlton hotels keep watching towards their customer trends along with that also keep on identifying their mistake in previous trends where they have done their mistake for achieving more motive. Brand values:- In Ritz-Carlton most of their products like towels, shampoo are branded. So that more of customer can be attracted towards that and more come to know about their products and
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services. As generally that items are luxury while high income or middle level income can afford that products. Innovative:- Customer can be surprised every day while by having more innovation in their products. In Ritz-Carlton regular basis customer can be surprised while by having more innovation of food items, services and other sources (Kandampully, Zhang and Jaakkola,2018). They can work on new promotion tactics, improving their tags or message and actions. It much better to keep on changing products while according to time. Communication from other organization:- Connection from other hotels is must be their. Basicallytheyhavecommonchaininachievingcommongoals.Ritz-Carltonmarketing department maintain their relationship with other hotels that can gain knowledge about what new brand and new products can be more required to their clients and more innovation can be done for their consumer. Importance of interrelationship between marketing with other functional units Marketing and finance:- Marketing and finance are two pillars of Ritz-Carlton. The finance department want to be more expenditure, high and fast budgets and shorter payment mode. On other side, marketing department wants flexible budget expenditure and flexibility in payment cycle. both departments are often disagree on their pricing. The finance department have overview to cover all costs and marketing department likes to use their pricing strategies' for market development. In Ritz-Carlton both department effective coordinates with finance team, marketing should have sense for using their budget well-prepared by finance departments. Meanwhile, market department could be also kept developing their sales persons for market strategies for more development of hotels. Marketing and human resource:-The marketing department in Ritz-Carlton have successfully part with relationship of HR. Marketing play role and responsibilities in advertising about hotels recruitment and selection process while by performing in their market skills and attracted many more candidates for join their organization (López-Rodríguez and Smith, 2020). Human resource also play important in developing of marketing department while by promoting them in outside or inside of company with some new strategies that would be more beneficially in company to achieve common goals and objective. As there can be some area of conflicts among both
department. In succession of marketing department depends heavily on selection training, placement and motivation its personal which are domain in human resource department. Production and marketing department;- Most of the hospitality like Ritz-Carlton have production department or operational department. This both are specialists for technical skills and in terms of productive with food production. This department may not be concerned with market needs and wants. There being some areas where production and marketing department mostly disagree. The production area wants the least changes in their technicals, while marketing team have modification on their products (Moorman and Day, 2016). Since, production team wants to maintain average quality if foods and other essential items and flexibility for their production schedule. In marketing roles want very high quality of control and insists on high delivery of foods products. Research and marketing functional:- Research can be mainly gone identifying some new ideas and innovation of work with more skills and knowledge. As marketing function depends on research and development teams to come up with some new products ideas and innovation for earning more profit. R&D cannot operate without marketingfunctionsabout buyers and preferences, trends of market, challenges and opportunities. Market function also provide commercialization to Ritz-Carlton hotel for developing their more products in food menu and their taste. Comparison of different hospitality organization in marketing mix
Marketing MixThe Ritz HotelThe city socialComments ProductThey are one of the leading chain of hotels.Theyservetheircustomers withpremiumfacilitieswith professionalwhohaveexpertisein service industry. They have high end services like, Private relaxing baths, bigspaciousrooms,banquethalls, different cuisines and spas facilities (Išoraitė, 2016). This hotel is not that popular in comparison with the Ritz. But they have specialized in catering their guestwiththetraditionaland authenticBritishcuisinewith personalized services. As per the comparison TheRitzhotelhave widerrangeof services and products to offer. PlaceThey are serving multinationals; they have their group of hotels in almost 30 pluscountrieslikeinIndia,Japan, Egypt, Spain, UK, Mexico, Malaysia, MoroccoandQataretc.Forthe selection of location, company have employees a dedicated staff to take site selection decisions by analyzing itscommutabilityfromremote locations. Itissituatedintheheartof London,whichfacilitatesthe peopletofindthehotel conveniently and also, they get to see the real city and their life and happenings,duringtheirstayin the hotel. Bothofthesehotels havesamelocation strategy. Physical evidence Ritz is famous for providing before and after sales services to their guests. They offer their guest with high class facilities with comfort, relaxing and soothing ambience with architectural interiors and bathroom supplies and toiletries of high quality. They have an advantage for vegan or veg. Customers as they offer vegan food and they arrange their sitting arrangements in accordance withtheguest’srequirements (Pogorelova and et. al.,2016). Due to the pandemic situation both of them shouldbuildappor provide PDF for their Menusforminimal contact. ProcessManagement of the hotel always make sure that their guest will feel most comfort and conveniency during their stay. All the process from entering the Theywelcomefeedbacksand suggestionsandfocusonthe healthandhygieneofthe customers. Should provide tokens and bill no. to guest so that they can monitor thescreenfortheir
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hoteltothecheckingoutprocess everythingiswellsortedoutand smoothly process. ordersinsteadof calling on waiters. PromotionRitz are using traditional as well as modernmethodforpromotional activity.Traditionalmethodinclude TV, newspaper, radio etc. They are using social media for the promotion associalmediapromotionsare trending nowadays (Kwok, Tang and Yu, 2020). People are using Facebook, Instagrametcmoresocompanyis usingadvantageandcarrytheir promotionalactivitiesonthem. Company also do promotion through their website. Social media promotion isthemostfastandcosteffective technique and also it reaches towards large customer base. Thecitysocialmostlyusesthe traditionalmethodforthe advertisement like TV, print media orradio.Thesetechniquesare costlyandalsoitcoverssmall customer base. Accordingtothe comparison Ritz hotel iscarryingthe promotionalactivity more wisely and will achievethe competitive advantage. PriceRitzareusingpriceeffective technique so that they can attract more customersandalsoadoptedsuch strategiestoadoptthehighclass customer. The menu of the company have the competitive price. The guest of the hotel get influenced by their pricing strategy. They charge high on peak season and low when there is less customerbase.Theyknowhowto take the advantage of the situation. Citysocialhasadoptedthe marketing strategy which help the companytocapturethelocal market. Bothhadadopted pricing strategy which givebenefittothe company. PeoplePeople are the asset for the company.City social also take care aboutCitysocialismore
Theymakepolicieswhichare essential for the employees. their workforce. They consider the employees in the decision-making and resolve the conflicts if they face any (Loo and Leung, 2018). good because they are includingtheirstaffs inthedecision- making. Marketing Plan for Ritz Hotel London Vision– To persuade life’s most momentous journeys. Mission– To deliver the outstanding personal services and facilities to guests, so that they enjoy a warm, comfortable and relaxed, yet elegant ambiance. Objective– To increase the sales by 12%, by the end of March 2021. To create more brand awareness. Service Description– The Ritz London is one of the finest 5star hotel which provides the exclusive and luxury services in the hotel industry such as signature suite, normal suite, rooms, restaurants, bars, spas space s of different types and categories for events, festive, dining, weddings etc(Wood and Jobber, 2016). Situational Analysis– SWOT Analysis Strength – The major strength of The Ritz Hotel is that have its presence in the best location. The locations are decided on the basis where the customer can easily avail the luxury accommodation and do not negotiate for the prices. Its quality employees is also one of its key strength and the hotel also focus on giving the best training to its employees and in the result they take care of customers satisfaction. Weakness – With the rising competition in the hotel industry, creating difference in the customers experience is getting hard, also to sustain the brand in today’s era is difficult as lot of different techniques promotions is to be done which needs the good budget(Chernev, 2020). Fluctuation in the customers demand as the demands vary with the segments, regions is also one of the weakness of the company. Opportunity - Customers growing preference for the luxury products and services is growing which is the opportunity for the Ritz hotel. The demand for the luxury is growing more with the
rising purchasing power of the people and the hotel should definitely work on this and grab the growing opportunity. Threat – The only threats for the company is one that is the growing competition within the industry and second is the occurrence of any uncertain situation such as Covid-19 because these things directly impact the hotel’s business. PEST Analysis – Political – The political factors that can affect the Ritz hotel can be the external political changes in the country. Terrorist attack can also be one of the reasons which can create the affect on the hotel business. Political instability, government change are the major reason. One of the major reasons which impacted the business is the Brexit which impacted the every business of the UK. Economical - The hotel needs to consider all the factors before investing on its business expansion in other countries, as all the countries have its own economical factors that can impact the business of Ritz. In some countries, hotel s facing growth issues, so it should consider all the factors before taking any step. Social – Social Factors means factors related to society which can impact the business. With the changing lifestyle of the people in UK, can impact the business of Ritz. Ritz hotel, needs t considers all the social demographics changes that happen and adjust its business accordingly (Wood and Jobber, 2016). Technological – Technological Factors has given the new heights to the business of Ritz Hotels, hotel adapted new technologies to benefit itself and provide the best with technologies to the guests. It uses digital technologies and social media to promote its business and get advantage. Marketing Mix– Product – The Ritz hotel offers its guest the exclusive luxurious treatment by providing outstanding facilities and personal services. Hotel wants that its guests or customers enjoy their luxurious, warm ambience. It has also decides to provide Yatch collection services from this year. Ritz has revolutionized the hotel and hospitality sector by offering the comfortable setting, spacious rooms, beautiful garden areas, bars , beach clubs, banquet halls, 24 hours desk service etc many more. Price –. The Ritz hotel, strives to offer memorable and exclusive experience to its each and every guest, and takes all the steps to give their guest the amazing comfortable experience. As the hotel
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is one of the premium hotels of UK, so it follows the premium pricing strategy(Fotiadis, Mombeuil and Valek, 2018). It serves the high-elite class people. For the elite group, comfort and luxury matters more than money. Hence, they pay the premium prices for its services. Place - The name and fame of the hotel which help them in getting the esteemed guests. It has its operations (hotels and resorts) in various countries. It is the brand and has paid extreme attention to the location of all its hotels and resorts. Every time whenever the company decides to come to new location its team selects the locations by thoroughly before approving it. Generally, they choose the location which is on highways and near to airports. Ritz hotel has its own website and mobile app through which the customer can book online. Promotion – The Ritz Hotel, London believes in mouth of word as its promotional strategy, for this customer satisfaction is must and it constantly works on it. If the guests are satisfied with the services of the hotel they will go and tell about this to their friends and families(Kreutzer, 2019). Also the hotels collect the feedback and reviews about their experience and advertise them on various websites and if someone has face something uncomfortable they try to improve that. It also uses social media platforms and the offers rewards and discounts to attract the customers. It also advertises its brand on television and high-end lifestyle magazine. Budget– Area of ExpenditureCost Social Media£1,500 Search Engine Optimization£1,000 TV advertisement£1,500 Employees/Staff Salary£1,600 Sponsorship£1,000 Total£6,600 Success Key performance Indicators (KPIs) – KPIs demonstrate that how effectively Ritz hotel is achieving its key business objective. The following are the Key performer indicator for Ritz Hotel – The Ritz monitors the difference between the total available rooms and the total rooms available through which the hotel does the proper planning of their inventory, which could lead to room booking.
CONCLUSION These report concluded that hospitality marketing function is most important for developing in market and satisfied their customer needs and wants that could be more earning and income sources for Ritz-Carlton hotels. Roles and responsibilities of marketing function can create innovationandideasintheirbusinessoperationcontext.Marketingmixstudy7P'sof competitors in market and helped in knowing more trends in market regarding hotels system. Marketing plan established succession key performance for hotels that can be benefited for organization.
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