Unit 15 Hospitality Marketing Plan for Travelodge Hotels
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AI Summary
This report provides a detailed analysis of the marketing plan for Travelodge Hotels, focusing on key aspects such as segmentation, targeting, and positioning (STP). It examines Travelodge's market segmentation based on demographic factors like income and its targeting of corporate and business class customers. The report includes a SWOT analysis, outlining the hotel's strengths, weaknesses, opportunities, and threats. It also presents a marketing budget spanning five years, detailing initial investments, marketing outlays, and promotional strategies. The report further explores the implementation, monitoring, and control processes within the marketing plan. Additionally, it offers an overview of Travelodge, including its vision, mission, goals, and objectives, emphasizing its commitment to quality service and market share enhancement. The report also includes a discussion on hospitality marketing essentials and the significance of marketing in building brand loyalty and attracting new customers.