Marketing Mix Strategies: A Comparative Analysis of Two Hotel Brands
VerifiedAdded on 2023/01/13
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Report
AI Summary
This report provides a comparative analysis of the marketing mix strategies employed by Intercontinental Hotel Group (IHG) and Marriott Hotel. The introduction defines marketing and its key elements such as advertising, promotion, and sales techniques. The main body of the report compares the marketing mix components (product, price, place, promotion, people, process, and physical evidence) of both hotel brands. For product, it highlights the range of services and amenities offered. Price strategies, including competitive and premium pricing, are discussed. Place focuses on online and offline distribution channels. Promotion covers various tools like social media and advertisements. People addresses employees, suppliers, and customer service. Process examines online delivery services and manufacturing processes. Physical evidence looks at online presence and physical design. The conclusion summarizes the importance of marketing in business growth, customer base expansion, and productivity. The report references sources on marketing mix strategies for both hotel chains, emphasizing the practical application of marketing essentials in the hospitality sector.
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