Issues in Marketing Mix: Product, Price, Place in Travel & Tourism
VerifiedAdded on 2023/04/04
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Report
AI Summary
This report delves into the critical issues surrounding the product, price, and place elements within the marketing mix of the travel and tourism industry. It highlights the limitations of organizations offering products for solo travelers, the need for a wider range of services, and the importance of product safety and security. Pricing challenges are discussed, including cost dependency on competitors, budget constraints, global economic fluctuations, currency exchange rates, and tax provisions. Place-related issues emphasize the necessity of identifying high-traffic locations, including key destinations in holiday packages, promoting new destinations, and improving online media tools for sales. The report also underscores the importance of human resources in service delivery, quality maintenance, and customer satisfaction, as well as the concept of the total tourism product, focusing on accommodation, entertainment, leisure activities, cost reduction, and customer preferences. References to relevant academic works are included.
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