Marketing Plan: Sydney Rocks Festival Event - Detailed Analysis Report

Verified

Added on  2020/02/19

|10
|1705
|34
Report
AI Summary
This report presents a marketing plan for the Sydney Rocks Festival, a food and drink festival held in Sydney, Australia. The plan analyzes various aspects, including the target market (young people and affluent families), event objectives (enjoyment and economic growth), and key messages (promoting the festival's unique selling proposition). The report covers environmental forces using PEST analysis, business conditions through SWOT analysis, and execution strategies involving communication channels (internet, social media) and budget considerations (approximately AU$200,000 million). The paper emphasizes the importance of effective marketing to attract tourists and maximize profits, referencing the festival's popularity and potential for economic benefits. The conclusion reinforces the need for proper marketing and informing the target audience about the festival's offerings.
Document Page
Running head: MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
Marketing Plan-Event for Sydney the Rocks
Name of the Student
Name of the University
Author Note
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
1MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
1. Executive Summary
The following paper focuses on the marketing plan for the Rocks festival to be held in Sydney in
September. This festival is going to attract a huge number of guests so the organizers have to do
their marketing very well. This will lead them to get more profits from organizing this event. The
things that are required to make this event successful have been discussed in this paper. An
analysis has been done on the overall condition of organizing this festival.
Document Page
2MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
Table of Contents
3. Introduction..................................................................................................................................3
4. Background..................................................................................................................................3
a) General description of the tourist attraction............................................................................3
5. Environmental forces...................................................................................................................4
6. Business conditions.....................................................................................................................5
7. Target market...............................................................................................................................6
8. Event objective............................................................................................................................6
9. Key message................................................................................................................................6
10. Execution...................................................................................................................................7
a) Communication channels........................................................................................................7
b) Message source........................................................................................................................7
c) Budget, legal and ethical concerns..........................................................................................7
11. Conclusion.................................................................................................................................7
References........................................................................................................................................9
Document Page
3MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
3. Introduction
The following paper looks to focus on the various factors of making a marketing plan for
a festival to be held in Sydney, Australia. This is very important to note that the marketing
activities are interconnected with each other because the main purpose of the program is to draw
customers and make profits. The best way to do it is selecting the target market for this festival
and assessing the value of the program to be held there. The more people pour in, the more will
be the profits. This has been one of the most popular festivals in that part of the country so the
authority is organizing it with more pomp this time.
4. Background
The background for this event can be considered to be one of the foods and drink festival.
This is a festival that is focused on arranging for the coffee, tea, chocolate and spices (Haeusler,
2014). The date of this festival is on September 10 and it is celebrated between 10 am and 5 pm.
This is a very enjoyable festival and mostly the young people can tend to take over this festival
in large numbers. At least 1000 tourists are likely to take over this festival in very quick time.
The festival takes place at the Rocks, considered as the trade centre when it was a colony.
a) General description of the tourist attraction
This is a very good place for the tourists and the main attractions for this area are the
Circular Quay and Campbell’s Cove (Maitland & Newman, 2014). It has been noted that the
tourists use to gather here and they make fun all through that mentioned time. The food stalls are
put up in this area in the Museum of Contemporary Art along George Street. The tourists gather
here and they celebrate this festival by eating the delicious foods and the coffee that is sold at a
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
4MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
very cheap cost. The different kinds of foods and drinks like coffee, tea, chocolate and spices are
sold in this area. The venue is a very beautiful one in the Rocks (Maitland & Newman, 2014).
5. Environmental forces
a) The environmental forces work as the deciding factor in fetching the tourists to that spot years
after years in succession. The macro-environmental and micro-environmental forces help to draw
the people to these places like Sydney and Melbourne. The macro environmental issues can be
discussed through the PEST analysis (Ho, 2014).
Political factors
The political stability in these places helps to attract the tourists (Almond & Verba,
2015).
The good governance policies by the government work as a catalyst as well.
Economic factors
The places like Sydney and Melbourne are quite accessible in terms of the monetary
issues as well.
The costs for lodging and paying the fares can be handled by the guests properly.
The economic policies of the government have a huge impact on it as well (Ho, 2014).
Social factors
The social factors like the gathering of so many people together can be taken as an
important factor.
The lifestyle brands of the target market consumers have a huge impact on it (Ho, 2014).
Document Page
5MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
As it is a major event, many people prefer to be a part of it.
Technological factors
The innovation technique of the R&D technology has been quite influential (Anzoategui
et al., 2016).
The technology of incentives has been quite interesting as well.
The effect of telecommunications in the venues will enable the organizers to address
more guests.
6. Business conditions
The business conditions can be assessed by making a SWOT analysis of the situations.
Strengths
Australia’s scenic beauty and uniqueness
The global recovery in the economic section is growing that dictates the growth in
volume
The aviation sector support and transport support is also an important support for tourism
industry to flourish (Grant, 2016).
Weaknesses
The accommodation for the total number of people is very limited
The European countries attract the customers more than Australia
The number of hotels is not sufficient enough (Grant, 2016).
Opportunities
Document Page
6MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
The Asian communities can be attracted to this festival for more popularity
The inbound and outbound logistics supply has to be strengthened
Threats
The threats of the inflation and global recession can affect the participation of people in
this luxurious ceremony
The transport fares in airplane and train is not affordable by everyone (Grant, 2016).
7. Target market
The target market for this festival is the young people mostly and the people who have a
great affinity with this luxurious festival and want to be present every time. These people belong
to well affluent families (Thorson & Moore, 2013).
8. Event objective
The objectives for this event are to make the visitors enjoy the festival to the fullest and
strengthen the economy of Sydney. The government of Sydney makes a huge profit by
organizing this event.
9. Key message
The key message that can be delivered to the target audience is to make them aware of
the festival and its dates and timings. The various kinds of delicious foods and drinks that are
offered in this festival at such a cheaper rate are its Unique Selling Proposition (USP) itself
(Kiel, 2014).
tabler-icon-diamond-filled.svg

Paraphrase This Document

Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
Document Page
7MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
10. Execution
a) Communication channels
The communication channels that can be used here to communicate with the target
audience are the internet, social media platforms and websites. The traditional communication
channels will help in this matter as well (Kiel, 2014).
b) Message source
The message sources are the people who have been part of organizing this festival and
the media. They will help to spread the messages about the expansion of this festival.
c) Budget, legal and ethical concerns
The budget for this festival has to be within the affordability of the guests who turn out
here. The festival will take place for one day only and the costs of the operations, marketing,
food services, raw materials, decorations and all other aspects have to be included in this. It can
be estimated that around AU$200,000 million will be needed to cover this festival. The
organizers can take the help of their sponsors to cover up this event.
All the legal frameworks regarding the event operations have to be maintained and the
organizers should maintain the ethics as well (Ferrell & Fraedrich, 2015).
11. Conclusion
This paper can be concluded by saying that this event will attract a lot of guests on the
day of the event so the organizers should do the marketing activities properly for it. The target
audiences should be informed about these things and they should know be informed about the
Document Page
8MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
various facilities and advantages they will get if they turn up on that day. This will be beneficial
for them and profitable for the organizers as well.
Document Page
9MARKETING PLAN-EVENT FOR SYDNEY THE ROCKS
References
Almond, G. A., & Verba, S. (2015). The civic culture: Political attitudes and democracy in five
nations. Princeton university press.
Anzoategui, D., Comin, D., Gertler, M., & Martinez, J. (2016). Endogenous Technology
Adoption and R&D as Sources of Business Cycle Persistence(No. w22005). National
Bureau of Economic Research.
Ferrell, O. C., & Fraedrich, J. (2015). Business ethics: Ethical decision making & cases. Nelson
Education.
Grant, R. M. (2016). Contemporary Strategy Analysis Text Only. John Wiley & Sons.
Haeusler, M. H. (2014). The Sydney Vivid Festival: From Place Branding to Smart Cities. Cities
of Light: Two Centuries of Urban Illumination, 144.
Ho, J. K. K. (2014). Formulation of a systemic PEST analysis for strategic analysis. European
academic research, 2(5), 6478-6492.
Kiel, I. H. (2014). Entrepreneurial marketing.
Maitland, R., & Newman, P. (Eds.). (2014). World tourism cities: Developing tourism off the
beaten track. Routledge.
Thorson, E., & Moore, J. (Eds.). (2013). Integrated communication: Synergy of persuasive
voices. Psychology Press.
chevron_up_icon
1 out of 10
circle_padding
hide_on_mobile
zoom_out_icon
[object Object]