Comprehensive Marketing Plan: Hilton Hotel's Strategies & Analysis

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Added on  2023/01/16

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This report provides a comprehensive analysis of the marketing plan for Hilton Hotels. It begins with an overview of the company's mission, vision, and objectives. The report then delves into a SWOT analysis, examining Hilton's strengths, weaknesses, opportunities, and threats. Key aspects of the marketing plan, including the marketing mix (product, price, place, and promotion), are thoroughly discussed. Financial planning and monitoring are also covered, including the use of Key Performance Indicators (KPIs) and feedback mechanisms to assess and control the effectiveness of the marketing strategies. The report concludes with a list of references used in the analysis.
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Hospitality Marketing Essentials
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Marketing plan
Executive Summery
This report has analyzed marketing plan of Hotel Hilton.
This plan has been covered mission, Vision, objectives of the company to understand
their business plan.
This report has covered SWOT analyses to Hotel Hilton, so they can find their
Strength weakness and opportunities.
Report has also included Marketing Mix, financial planning and monitoring &
controlling.
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Mission
Hotel Hilton's mission is to become a world's best hospitable company
by providing their customers best experience to their customers.
They want to provide high values to the community and their owners.
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Vision
To fill world with the warmth and light of hospitality by delivering exceptional
experience to their every guest, hotel and every time.
Objectives
To become world best hospitality providers.
To have strong and skillful workforce so Hotel Hilton can increase their growth
To provide customers satisfaction with their quality services
Recruitment of new employees
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SWOT Analysis
Strength
Hotel Hilton have reputation in the hospitality industry.
they are having hotels in 103 counties which strength of this company.
Hotel Hilton are working in this industry from more than years which shows
that their goodwill in the market.
Technology is main source of attraction toward these hotels, which makes
this hotel best.
More than 17000 employees are working in this company, and they all well-
trained.
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To be Continued...
Weakness
They have reputed name in the global market, but they have only limited
shares .
Activities and operations of the Hotel Hilton is affected by the polices of the
government because every country have different tax structure and polices.
Opportunities
There are some potential markets where Hotel Hilton can expand their
business and achieve high profitability in their business.
They can gain opportunities by innovating services for customers and create
better experience for them.
They should analyze new technology trends to take competitive advantages.
If they use pricing strategies then they can achieve high growth.
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To be Continued...
They can ask for the business if they want to start and take advice from the
people by asking questions about business which they want to start.
Experts will provide the ways to start their business.
They can also ask for the new business plans which they can start and
successful in their life.
This side is used by the experts, and they will only give suggestions.
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To be Continued...
Product
Hotel Hilton is selling varieties of the products so customers have different
choices.
Customers can select their products and services according to their demand.
They are proving higher facilities to the customers, so they are willing to pay
high prices to rent a room in the Hotel Hilton.
Price
Hotel Hilton is using pricing strategies to compete with their competitors.
They are using data of their competitors which is easily available online so it is
easy to set prices for their rooms and services.
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To be Continued...
Place
Hotel Hilton have strong hold on most of the counties.
Now they are looking to expand their business on developing county such as
china.
They have enough opportunities in this market because on the basis of population
this company comes in 1st position in all over the world.
It will be easy for Hotel Hilton to target amount of customers in this country.
Promotion
They are promoting their Hotel through various promotional strategies such as
newspapers, TV advertisement and Digital marketing.
There teams have enough skills to promote Hotel in various market with low
budget.
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Financial planning
They can ask for the business if they want to start and take advice from the
people by asking questions about business which they want to start.
Experts will provide the ways to start their business.
They can also ask for the new business plans which they can start and successful
in their life.
This side is used by the experts, and they will only give suggestions.
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To be Continued...
Particular Amount
Total salaries of the 10
employees
50000
Marketing 50000
Training & development
program
15000
Estimated cost 1,5000
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Monitoring & Controlling
KPI's
KPI's is known as Key performance Indicator which is used to measure
performance of the employees.
This tool will help Hotel Hilton to measures the performance of company
after implementing new marketing plan.
They can see the process and training programs which is their objective.
Manager of the Hotel Hilton will measure and if they will found any
problem in the planning and strategies then they can develop new
strategies in particular areas.
There will be some areas where indicators will be set and measure the
performance by superiors of the company, so they can monitor and
control the process and planning
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