Travelodge Marketing Plan: Analysis of Strategy and Implementation
VerifiedAdded on 2023/02/03
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Essay
AI Summary
This assignment presents a marketing plan for Travelodge, beginning with an executive summary that outlines the company's goals of providing quality services and building strong customer relationships. The plan details the 4Ps of marketing: Product, including room services and amenities; Place, highlighting the global presence of Travelodge; Price, discussing the pricing strategies; and Promotion, detailing the marketing tools used. The assignment further explores the STP model, including segmentation, targeting, and positioning. It concludes with a discussion on control and evaluation, emphasizing the roles of management and the importance of coordination for successful planning and development. The plan incorporates examples of how Travelodge uses marketing to promote its services and maintain its position in the market.