This document discusses the key roles and responsibilities of marketing function in the organization, how different organizations apply the marketing mix to achieve business objectives, and provides a basic marketing plan for The Imperial London Hotel Limited.
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Hospitality Marketing Essentials 1
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Table of Contents INTRODUCTION...........................................................................................................................................3 TASK 1..........................................................................................................................................................3 Describe the key roles and responsibilities of marketing function in the organization...........................3 P2 Roles and responsibilities of marketing relates to the wider organizational context.........................4 TASK 2.......................................................................................................................................................6 Evaluate the ways in which different organizations apply the marketing mix to the marketing planning process in order achieve the business objective......................................................................................6 TASK 3..........................................................................................................................................................8 Produce a basic marketing plan which help the organization in accomplishing its business objectives..8 CONCLUSION.............................................................................................................................................10 REFERENCES..............................................................................................................................................12 2
INTRODUCTION Hospitality industry main focus is on providing great services to its customer and make them feel delighted(Anggani and Suherlan, 2020). Marketing is one the essential tool which is use by every organization as it helps in increasing the sales and revenue of company with use of effective marketing and advertising techniques. With the organization the marketing strategies are formulated after considering the external and internal business environmentand current marketing trends. In context of hospitality industry their primary motive is to offer quality services and provide comfortable and save environment to its customers. The organization chosen for this report is The Imperial London HotelLimited. The company was established in year1837 andistheheartof centralLondon.Thecompanyfocusonprovidinglively environment and great experience to its customers. The topics covered in the report are roles and responsibilities of the marketing function and how they relate to the wider organizational context. Marketing Mix of organization which helps in achieving business objective and marketing plan of the organization. TASK 1 Describe the key roles and responsibilities of marketing function in the organization. Marketing has a crucial role in the management of hotel as it is responsible for making people aware about the services and features of the company. In Imperial London , marketing function ensures that the services of the hotel is appropriately placed in the market and is focusing on meeting the needs and requirement of its customers. The marketing department is involve in the activities related to branding and publicity of the services in the marketplace and focus on attracting the customers towards services of company. Moreover they are developing various strategies which helps in achieving the target market and using different theories and principles in order to remain competitive in marketplace (Brown, Buhalis and Beer, 2020). In context of The Imperial London the marketing roles and responsibilities are explained below- Requirements of Customers- The role of marketing function within the organization is to identify and analyze the needs of customers. It is prime responsibility to identify the needs, desires, habits, taste and preferences of customers. According to data acquired the marketing department of Imperial London analyze what customers are demanding. Customerrelationshipmanagment-Themarketingfunctionistoanticipatethe requirements of customers which provide great advantage to the organization and helps the management in meeting the needs and wants of customers. Customer satisfaction- The main role of the marketing function is to satisfy the needs and wants of customers. They identify the services which have potential to satisfy the needs of customers and provide value to customers. 3
Profit motive- Marketing function with the organization is responsible to find out new and innovative methods to attract the customers towards the services of company. They focus on providing value to its customers which contributes in increasing the overall sales and profit volume of the organization. Main characteristics of marketing services of hospitality companies are as follow- No physical existence- The services which are provide by hospitality sector has no physical evidence that is intangible in nature. For example the room services provided by the company don't has any proof I.e it is based on the experience of customers. Differentiated services-The services in the hotel industry are provided by human only and it is highly influenced by the mood, freshness, time , etc. The role of marketing in context of Imperial London is to implement the analysis strategy according to different situations. Thus it helps in accomplishing the corporate level goals and objectives of company. The marketing function of company is focusing on growing the market share by identifying the growth areas and also enhancing the demand for its services and facilities (Brown, 2017). P2 Roles and responsibilities of marketing relates to the wider organizational context. The primary focus of The Imperial London is to function in coordination and cooperation with other functional departments and formulate business strategy together which helps in achieving desire results. The marketing process includes various activities and actions in the process of production , promotion and consumption of products and services. Marketing process of The Imperial London, focus on building and developing an effective market plan which is capable of meeting the changing needs and taste of customers. Moreover they are also focusing on formulating plans which comply with the rules and laws of the land. They have designed their rooms in most desirable way in order to meet the diverse taste of customers. In this changing market environment the marketing function of The Imperial London is focusing on the analyzing and evaluating the changes in the needs and wants of customers and accordingly redesigning and changing its products and services. The interrelationship between marketing and other functional departments is describe below- MarketingandFinance-Marketingstrategiesandtheplansarerequiredtobe formulated as per the set budget. These strategies and plans involves profit and cost margin of the products, services, brand and many more. The finance department in Imperial London is responsible to provide a define budget to the marketing department so that they can conduct the marketing campaigns in set budget. Moreover the finance department provide support and guidance to marketing department in cost related matters and provide cost for carrying different marketing activities. In context of The Imperial 4
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London, the marketing department works in coordination with finance department and knows the current financial state of the company so that it can conduct its campaigns and other marketing activities according to the prevailing situation. MarketingandHumanResource-ThemainfunctionofHRdepartmentinthe organization is to work for the wellbeing of the staff members and to hire the right person for the job role in the set budget (Chen, Chen and Liu, 2020). In context of The Imperial London, the marketing department functions in coordination with HR departments and ensures that all job roles are perform on time, is their need for new employees and right person should be hired for marketing team with required set of skills and abilities. Moreover the marketing departmentcooperates with the HR department in order to ensure that proper training should be provided to new employees so that they can work effectively in various challenging market conditions. Moreover the HR department provide the feedback of employees performance to the marketing department in order to determine that performance are up to mark and should help in accomplishing the targets of the company. Also, HR department provide full support to marketing department in evaluating the performance of members of marketing team so that corrective steps can be taken in case of inefficiency (Chiou, Chao and Hsieh, 2020). Marketing department and production and operations department-The production department primary function is to focus on the development of new products and services and related activities. In context of The Imperial London, the marketing department functionsincoordinationwithproduction andoperationdepartmentto ensure the development of services and products in order to satisfy the needs and wants of customers. Moreover the marketing and production department functions together in research work that in identifying the needs and desires of customers in order to make improvement in its existing products and services. Moreover the marketing department operates in coordination with operation department in order to ensure that the activities and operations are conducted in proper manner that is are carried in line with the objectives of marketing team. Furthermore, both the departments work hand in hand with marketing department in order to ensure that the plans and strategies are appropriate for operations of management and for related schedules of productions. Both the departments work in coordination with each other in order to acquire quality materials from suppliers so that they will be able to provide good quality products and services to its guests. Marketing and Customer Service-Marketing and the customer services are the most essential functions within the organization. Both these function have common motivate that is to provide satisfaction to its customers and derive great customer experience. In context of The Imperial London , the customer service department provides information to the marketing department regarding customer response and their feedback on the productsandservicesofcompany(David,2018).Henceithelpsthemarketing department in development and marketing activities of products and services of the 5
company. The main motive of both the department is to develop positive and strong relation with its customers. MarketingdepartmentandITdepartment-Thesebothdepartmentworkin coordination with each other with the motive to provide benefit to company and carry activities in the best possible manner. IT department functions according to the needs and requirements of marketing department in order to make sure that latest technological support should be provided to the marketing team. This helps marketing department in carrying its operations effectively and efficiently. TASK 2 Evaluate the ways in which different organizations apply the marketing mix to the marketing planning process in order achieve the business objective. Marketing mix approach is been used by the marketing managers with the motive to identify and analyze the current market trends and conditions in order to create effective marketing plan (Eisenstein, 2018). Goals and objective of The Imperial London and Whitbread Hospitality SectorGoalsObjectives The Imperial LondonThegoalofcompanyisto provide services to its guests. Todeliverservices according to the needs and desires of customers. WhitbreadThe goal of the company is to become the market leaders in the sector of hospitality. Tomaximizegrowthand providevaluetoits customers. 7 P’s of Marketing Mix 7 P’s of marketing mixThe Imperial LondonWhitbread Product/ ServicesThey provide wide range of servicesandfacilitiestoits guests. It helps in reaching to potentialcustomersinthe efficientmanner. Itprovides serviceslikecarrental services, dry cleaning services, AC rooms, room services and many more. On the other hand, Whitbread focusonprovidingfamily- friendly services to its guests. They provide lodging, food services,eventplanning, transportationandmany moreservicestoits customers. PricingThe company has adopted cost leadership business strategy as ithelpsinprovidinggreat Whitbreadisfollowing competitivepricingstrategy duetolargenumberof 6
services on large scale to its customers. Moreover they are providingqualityservicesat affordablepricesin comparison to its competitors. competitors.Incomparison to Imperial it is charging high fromitsguestsforthe servicesitisprovidingto them. PlaceThe company is operating in London only. WhereasWhitbreadis operating in various cities of UK. PromotionThe Imperial London is using various promotional strategies suchasadvertisementin magazines,newspapers, televisionsandmanymore. Moreovertheyareusing various popular social media platformsinordertomake peopleawareaboutits services and facilities. Whereas Whitbread is using variousmarketingand advertisementcampaigns with the help of traditional andsocialmediaplatform withthemotivetotarget large number of guests across the globe. PeopleTherearemorethan3000 employeeswhoareworking withthecompanyandtheir main objective is to provide excellenttrainingand development to its employees inordertodeliverquality servicesandattractnew potential guests. IncomparisontoThe Imperial London, they have large number of employees astheyareoperatingin variouscitiesofUK. Moreoverthecompany believes in the effective and efficientworkofitsstaff members. ProcessTheprocessfollowedby companyistodeliverthe quality services to its guests wheretheyofferspecial services to its loyal customers. The process of Whitbread is well defined that is they have standardprocedurefor operationswherethey maintain set standards in its servicesandofferbest services and experience to its customers. Physical EvidenceThecompanyprovides functionswhichhelpsin impressing the guests and its employees(Yaldaie,2019). Moreoverwithitsdesigner interiorand hygienelevel it attracts customers. Whitbreadhasits headquarters in England and it servers china, Dubai, UK and many other countries by offer same level of services. From the above comparison, The Imperial London is required to extend its services in order to increase its customer base. They should focus on online marketing in order to attract 7
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potential customers. The company is operating on one location, it should focus on expanding its business in popular cities of UK (Elshaer and Marzouk, 2019). Moreover they should focus on strengthening its standard operating procedures while serving its customers. TASK 3 Produce a basic marketing plan which help the organization in accomplishing its business objectives. Marketing is define as the process where various activities are carried by marketers in order to promote the business of company. Marketing activities includes advertising, selling, delivering of products and services to the potential customers (Foroudi, Tajeddini and Marvi, 2019). Marketing plan of The Imperial London is as follow: Executive summaryThis marketing plan is focusing on various strategieswiththemotivetoimproveand increase the sales and revenue of the business organisation by expanding business in other parts. Vision and valuesVision- To become effective in its operations as a result people will prefer it over other competitive companies. Value- To develop trust among employees and focus on effective team work. Pricing StrategyCompany is currently following competitive pricing strategy where as I order to attract morecustomerstheyhavetofollow penetration and economy pricing policies. Economypricingstrategysuggeststhat company should sell the rooms at lowestrate possible with the motive to sell all the rooms. Whereaspenetrationpricingsuggeststhat companyshouldprovideitsroomsto customers with quality services at the lower prices then of competitors. This method will helptheminattractingandengagingnew 8
customers and to retain the existing customers. SWOT AnalysisStrength Thecompanyhasvastscopeof business as people are preferring hotels and restaurants in order to satisfy their needs and wants. The company is using latest technology and delivering high quality services to its customers. Moreover they are having strong and attractive property portfolio which is helpinginattractinglargenumber customers(Hughes, 2018). Weaknesses The company is totally dependent on theUKmarketandisnotflexible enough. They are not having strong network connectivity as they are serving one particularareasowillfacelotof difficulties in expanding its business. Moreoverthecompanyishighly dependent on its propriety and don’t have great lodging network (Jiao and Lu, 2019). Opportunities Oneofthebiggestopportunitythey havetoexpanditsbusinessinthe marketplaceastheyareproviding qualityservicesatmuchaffordable prices. Moreovertheycanfocuson establishing and enhancing its presence 9
in the medium level budgeted hotels whichwillhelpinbuilding connectivity. Threats Theyarefacinghighlevelof competition in marketplace as there are various brands in hotel industry which has strong brand image in marketplace. Whileexpandingbusinessinother countries they have threat of terrorism and the political instability effect they performance (Krupskyi and Stesenko, 2018). Market SegmentationThe company is segmenting its services on the bases of its unique features and ambience and offering services on complementary bases such as spa, gym, etc. They are focusing on cost leadership pricing strategy as there motive is to provide services to business class and middle class of the society. It is using differentiation strategy in order to stand on its words while servingitsguests(KrupskyiandStesenko, 2018). Marketing ObjectivesImproving its services and to increase its sale revenue by entering into new marketplace. Improving online marketing that is its online brand image. Increasingitsnumberofloyal customers. Marketing ChannelsPaid advertising- With the help of hoardings, various popular social media platforms, etc. Digital marketing- In this digital world with 10
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the help of own website, by running various social media campaigns, etc. Public relation- Digital influences, bloggers, T.V, media, etc. SMART GoalsTheSMARTobjectiveofTheImperial London is to expand its business in market of US with 2 year with the motive of increasing its profit margin by 35%. Marketing TacticsUsing AIDA Model: Awareness-Focusisonimprovingand enhancing company's awareness with the help of digital advertisement. Interest-Byintroducingvisualcontenton varioussocialmediaplatformsfocusison developingtheinterestamongpotential customers and to engage them. Desire- They want its potential customers to look at the brand personality of the hotel and to increase it number of guest list. Action- By building effective public relation the focus is on building direct relation with the customersandtointeractwiththem effectively. The primary aim is to convert the marketingintosalesandtoincreaseits revenue. Marketing BudgetingThe marketing budget is been decided by the finance department of the company. Where as it is expected to be 25% more than the regular marketing budget. Ansoff Matrix for new marketing plan 11
Market Penetration- The Imperial London, in order to increase its profit volume it should adopt the aggressive marketing strategy. It includes various marketing campaigns on popular social media platform in order to enhance its presence in the marketplace. Product development-The company is currently serving one location and satisfying the needs and wants of people belonging to that particular location. Therefore its essential to enhance and add more services and products in its existing line in order to capture the market of US (Ramaj and Ukaj, 2018). Diversification- It is very important for company to diversify its services according to its guests that is should focus on providing more and special services to its loyal customers. Moreover company need to bring diversification in its products and services in order to remain competitive in the marketplace (Ruhanen, 2019). 4P’s of Marketing for new marketing plan Marketing process involves creating effective and efficient strategy for marketing mix and its implementation in order to retain the existing customers and for attracting the new potential customers. The target customer segment of The Imperial London includes people from all age groups and the tourist who have come to visit the location (Sepula, 2019). Price- Pricing the products and services according to the market price of competitors in order to make it affordable for its potential customers. The company should focus on competitive price in order to sustain in the marketplace. The company should have different prices according to services it is providing to its customers that is for special services it should have different prices and for normal services it should have different price. Place-Furthermore the marketing process includes the place for the products and services in the market that is right direction from where they can reach to its potential customers. The company should focus on establishing its business in prime locations of US market. Promotion-It’s very important for the marketers to adopt the effective tools for promotion of products and services of the company in order to attract maximum possible customers. As people are spending more time on various social media platforms so they should do their promotion on the popular social media platforms such as instagram, snapchat, you-tube, etc. Product- The marketing department designs the products and services which are capable of meeting the needs and wants of customers (Shin, Severt and Fjelstul, 2017). They need to diversify its products and services according to the needs and desires of customers of 12
US. They should add more facilities and services in its existing line in order to attract large number of customers. Monitoring and controlling- This cycle of monitoring and controlling undertaking work is critical as it can happen that you can finish the venture on-schedule, in any case, have not had the option to meet the ideal quality levels. Checking and Controlling venture work include observing some other exhibition measure that the undertaking director has made or utilized for this task.The task of monitoring andcontrollingbeginningswhenaventurestarts(TanandChen,2020).Checkingand controlling task work is the way toward following, inspecting, and managing the advancement so as to meet the exhibition destinations. CONCLUSION From the above study it has been concluded that marketing plan is essential for the organizations in order to survive and grow in the marketplace. In case of hospitality sector, the companies can attract the large number of customers by providing efficient quality services and products. Theproper formulationof marketplan afteridentifyingthe variousfactorsin marketplaceanditsproperimplementwitheffectivemonitoringandcontrollinghelps organization in achieving its goals and objectives. The organizations should focus on latest technologies and advancement in order to carry the business operations in most effective and efficient manner. 13
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REFERENCES Books and Journals Anggani, M. and Suherlan, H., 2020. E-reputation Management of Hotel Indusrty. Brown, L., Buhalis, D. and Beer, S., 2020. Dining alone: improving the experience of solo restaurant goers.International Journal of Contemporary Hospitality Management. Brown, P. T., 2017.Food Safety Knowledge of Undergraduate Nutrition Majors vs. Hospitality Management Majors(Doctoral dissertation, Kent State University). Chen,L.,Chen,T.L.andLiu,H.K.,2020.IDENTIFYINGAIRBNB ENTREPRENEURS'ROLESANDCOMPETENCIES:PERSPECTIVESFROM PRACTITIONERS.International Journal of Organizational Innovation.13(1). Chiou, M. R., Chao, S. L. and Hsieh, H. Y., 2020. The Moderating Role of Service Recovery on Customer Loyalty in the Context of Cruise Passengers.Maritime Policy & Management. pp.1-17. David, J., 2018. PESTEL analysis of Australia.Howandwhat. Recuperado de https://www. howandwhat. net/pestel-analysis-australia. Eisenstein,B.,2018.MarkenführungvonDestinationen–ZwischenökonomischemNutzen, sozialerKonstruktionundMachbarkeit.ZeitschriftfürTourismuswissenschaft.10(1). pp.67-95. Elshaer, A. M. and Marzouk, A. M., 2019. VOCATIONAL SKILLS TRAINING IN HIGHER TOURISMANDHOSPITALITYEDUCATIONINEGYPT:ANANALYTICAL FRAMEWORK.InternationalJournalonRecentTrendsinBusinessandTourism (IJRTBT).3(3). pp.12-26. Foroudi, P., Tajeddini, K. and Marvi, R., 2019. 7 A land for all season.Place Branding: Connecting Tourist Experiences to Places. p.109. Hughes, J. C., 2018. Advancing engagement: debates in the field and proposed directions for hospitalityandtourismresearchandpractice.InHandbookofHumanResource Management in the Tourism and Hospitality Industries. Edward Elgar Publishing. Jiao, F. and Lu, L. W., 2019. Earnings Management, Benchmarks, and Market Valuation—A Perspective from the Hospitality Industry.Journal of Accounting and Finance.19(3). Krupskyi, O. and Stesenko, Y., 2018. International experience of integration of tourism and hospitality enterprises. Krupskyi, O. P. and Stesenko, Y. E., 2018. Mizhnarodnyy dosvid intehratsiynoho rozvytku pidpryyemstv turyzmu ta hostynnosti [International experience of integration of tourism and hospitality enterprises]. 14
Ramaj, B. and Ukaj, F., 2018. Review of literature for internet marketing and social media in tourism.Acta Universitatis Danubius. Communicatio.12(2). Ruhanen, L., 2019. The prominence of eco in ecotourism experiences: An analysis of post- purchase online reviews.Journal of Hospitality and Tourism Management.39. pp.110- 116. Sepula, M. B., 2019. Predicting Customer Satisfaction Using a Two-level Service Expectation Framework: Empirical Evidence from Star Rated Hotels in Malawi.African Journal of Education, Science and Technology.5(3). pp.90-105. Shin, Y. H., Severt, K. and Fjelstul, J., 2017. RV traveler’s pull factors to campgrounds in leisure tourism.Journal of Quality Assurance in Hospitality & Tourism.18(4). pp.493-508. Tan, W. K. and Chen, Y. C., 2020. Tourists’ work-related smartphone use at the tourist destination: making an otherwise impossible trip possible.Current Issues in Tourism. pp.1-16. Virabhakul, V. and Huang, C. H., 2018. Effects of service experience on behavioral intentions: Serialmultiplemediationmodel.JournalofHospitalityMarketing& Management.27(8). pp.997-1016. Yaldaie, T., 2019. Profitability analysis of digitalization tools for small hospitality service providers: a case study. 15