Strategic Marketing for Tourism and Hospitality CW2 Analysis Report

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Added on  2023/01/12

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This report provides a detailed analysis of Merlin Entertainments' marketing strategies within the tourism and hospitality industry. It begins by reviewing how the company develops its marketing and sales strategies, considering external factors, and then explores its product, pricing, place, and promotion strategies. The report examines the strategic partnerships that exist within the destination, focusing on how they contribute to new product and service development. It then evaluates the success of Merlin Entertainments' existing marketing plan, providing examples of marketing materials. The core of the report is the development of a proposal for a new marketing campaign, based on the preceding analysis. The report concludes with a summary of the findings and includes references to support the analysis.
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STRATEGIC MARKETING FOR
TOURISM AND
HOSPITABILITY CW2
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TABLE OF CONTENTS
Introduction
Review how your chosen destination develops their marketing
and sales strategies
Explain what strategic partnership exist within the destination
Evaluate how successful their existing marketing plan
Develop a proposal of a marketing campaign
CONCLUSION
REFERENCES
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INTRODUCTION
Strategic marketing is the tool and technique that are used by
the company in order to manage the better and effective
outcomes within the timely manner. The tourism and the
hospitality industry provide the better care to the customers
and provide the broader category to the customers. It
includes the different services as like food and drink
services, lodging, theme parks, event planning, cruise line,
travelling airline, transportation and other different
additional fields as well.
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CONTINUE…
Marketing plan includes the different strategies and the tactics that are
applies by the company in order to achieve its objectives within
standardise period of time. This report is based on the Merlin
Entertainments plc is the British-based company and having the
headquartered in Poole, Dorset. They manage the broad portfolio of
the different locations that attracts the family as of for entertainment.
This report includes the marketing and sales strategies that account
the external factor, strategic partnership within the destination and
development of new product and services. In addition to this includes
the marketing plan and the proposal of marketing campaign as well.
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REVIEW HOW YOUR CHOSEN DESTINATION DEVELOPS
THEIR MARKETING AND SALES STRATEGIES; CONFIRM
HOW THEY TAKE IN TO ACCOUNT EXTERNAL FACTORS
The marketing strategies involve the different tactics that consist of
the long term goals that are achieved by the company. On the
other hand the sales strategy includes the short time goals that are
performed for the certain period of time as on monthly manner.
Marketing and sales strategies involves the promotion and the
distribution of the different products and the services of the
company that in order to attract the large number of customers
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CONTINUE…
There are different marketing and sales strategy of the Merlin
Entertainments that are as defined below as:
Product: In reflect the different services that are provided
by Merlin Entertainments and they provide the diversified
collection of a lot of memorable attractions. They having the
indoor attraction that is based on the resorts and it include
the city centre as well. In addition to this having the resort
parks that are national branded and operated at the global
level.
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CONTINUE…
Price: Merlin Entertainments is the most leading
entertainment of Europe and the second largest attraction in
all across the world. They generated the revenue of 1.69
billion pound and that is always keeps on increasing as the
time passes on and as per the year passes. They are having
the most walk up pricing strategy that will be changes as per
the requirement and the visitors approach. As the one day
audit of the Legoland resort+ water park+ sea life is around
$121.99 and the cost of Legoland is $95.99 and other too.
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CONTINUE…
Place: Merlin Entertainment uses the demographic target in
order to make the better connectivity with the customers. For
this they make their new hotels in the Legoland themes park
that is next to the Castle Hotel in the California. That helps is
looks like the bricks that is featured with as like the theme
decor. There is the wider painting that looks like that the
individual is living in the medieval castle. Thus they have
more focus to get link with the demographic changes that
helps to make better and strong relation with the customers.
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CONTINUE…
Promotion: Merlin Entertainments works with the aim to
provide the most memorable and unique experience that
added in their life as the rewards and grows the estate with
higher revenue. They have using their own social site as like
merlinentertainments.biz as from there also visitors could
book their package and that has more advanced profit to the
Merlin Entertainments.
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CONTINUE…
The external factors define the different aspects that are not in
the control of the Merlin Entertainments but they could
induce several strategies within the company in order to
protect their business from the adverse effect of external
factors. For marketing strategies will be based on the
different up and downs of the market that will affect by the
different situation of the market.
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DESTINATION AND EVIDENCE HOW
THEY CAN BE USED WHEN
DEVELOPING NEW PRODUCT AND
SERVICES
The strategic partnership is the agreement between the two
parties that didn’t compete with each other and works
together for to produce and gain the better and effective
outcome. It is the alliance that is presented between the
two or more that two parties and it is to emphasis the
marketing share the profit with more sufficiency. Strategic
partnership is due to gain and expand the growth of the
company with the acquiring with the other parties.
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CONTINUE…
The new technologies that are highly standardising that also
enhance the capabilities, resources and the knowledge of the
company. Strategic partnership could be used to develop the
new products and the different services as it brings the
better change and more resources that help to gain the
higher and vulnerable opportunity for the company. There
are different strategic visions of the Merlin Entertainments
that are as follows as:
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