* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download Marriott
Consumer behaviour wikipedia , lookup
Bayesian inference in marketing wikipedia , lookup
Grey market wikipedia , lookup
Darknet market wikipedia , lookup
Affiliate marketing wikipedia , lookup
Social media marketing wikipedia , lookup
Market analysis wikipedia , lookup
First-mover advantage wikipedia , lookup
Market penetration wikipedia , lookup
Food marketing wikipedia , lookup
Ambush marketing wikipedia , lookup
Marketing research wikipedia , lookup
Marketing communications wikipedia , lookup
Market segmentation wikipedia , lookup
Sports marketing wikipedia , lookup
Multi-level marketing wikipedia , lookup
Viral marketing wikipedia , lookup
Digital marketing wikipedia , lookup
Neuromarketing wikipedia , lookup
Guerrilla marketing wikipedia , lookup
Direct marketing wikipedia , lookup
Youth marketing wikipedia , lookup
Marketing plan wikipedia , lookup
Integrated marketing communications wikipedia , lookup
Target audience wikipedia , lookup
Marketing mix modeling wikipedia , lookup
Multicultural marketing wikipedia , lookup
Product planning wikipedia , lookup
Segmenting-targeting-positioning wikipedia , lookup
Street marketing wikipedia , lookup
Marketing channel wikipedia , lookup
Target market wikipedia , lookup
Green marketing wikipedia , lookup
Advertising campaign wikipedia , lookup
Marketing strategy wikipedia , lookup
Marketing  What is Marketing?  Segmentation and Marketing  Marketing Services What is Marketing  Human activity directed towards satisfying needs and wants through “exchange” processes What is Marketing  A social and managerial process by which individuals and groups obtain what they need and want through creating, offering and exchanging products of value with others What is Marketing  Marketing, like many other terms associated with recreation and leisure, is not easily defined  Ideas about marketing have changed over time  One might simply define marketing as “anything that facilitates exchange” What is Marketing  Please note that marketing and selling are not the same thing!  Marketing is often given negative association based on its confusion with selling Identifying A Market  Markets are identified in numerous ways:  Looking at existing products  Listening to consumer complaints/suggestions  Demographic trends  Direct consumer solicitation Market Segmentation  Once a market is identified, the market is then divided into segments  This division leads to an identification of subgroups of the larger market as being made up of clusters of people with like qualities Target Marketing  Once segments are identified and labeled, products can be marketed at a particular segment. This is called target marketing.  Target marketing is more effecting than general blanket marketing in that there is an indication that your market is clearly interested in your product. Target Marketing  For many scholars, target marketing is the only true marketing based on its preidentification of a select market  Often blanket marketing may be used in advance to help identify a particular market segment (consumer response, surveys, etc may be used) Positioning  The combination between the selected target market and the appropriate market mix (see 4Ps) Marketing Services  As discussed before, resorts often market services or experiences, rather than goods products  Because of their intangible quality, service products and experiential products may require special marketing techniques 4Ps of Marketing      Product Price Place Promotion (Oddly enough, the customer is not part of the traditional 4Ps of marketing) 4Ps of Marketing  The 4Ps may not be sufficient given that the customer is present during the service production and delivery process  The customer will encounter the “service factory” and other people that may impact the subjective quality of the service product 3 Additional Ps  Physical Evidence  Process (and Procedure)  People Physical Evidence  There are always tangible aspects of the service product:     Appearance and condition of facilities Hotel rooms Restaurants The kind of car your lawyer drives??? Physical Evidence  Service products may be difficult to appreciate at a later date (unlike goods products)  Service providers often supply tangible reminders of the service     T-shirts Post cards Bath robes Other souvenirs Process and Procedure  Processes often affect the nature of a service product more than a goods product  The more restrictive the process, the more likely the customer will be unsatisfied     Penalties for late bookings Restaurant dress codes Rules of conduct Hours of use People  Possible the most important of the Ps  People can include the employees of the service provider as well as the customers People  In the purchase of goods products, the attitude or appearance of the personnel manufacturing the product is of little interest and most likely not apparent (except when Nike or some other company is accused of sweat shopping) People  Other customers purchasing the same good are encountered only during the purchase process itself (unlike a service product…say a theme park…where other customers are encountered continually and may greatly affect the environment and ultimately the satisfaction levels of that product) People  The consumer’s own temperament or recent experiences are much less likely to affect the performance of a good’s product Key Terms  Satisfaction  Quality  Value Market Segmentation Magic  Wal-Mart  Disney Cruise Lines Wal-Mart Brand Distinction  Hotels use brands to attract different audiences  Brands may be created within one hotel chain, or a chain may buy another chain, which gives them additional brands Brand Distinction  Until the 1980s, it was often thought that one brand name with many levels was the best policy  It was felt that this might confuse customers Brand Distinction  During the late 1980s and definitely in the 1990s, creating new brands become the trend  Corporate take-over was also a big trend of the 1990s  Each audience could then clearly identify with a certain brand and avoid confusion “Purina” Method  Own the competition  Create as many possible variations on your product as possible to appeal to as many different market segments as possible  You may even create directly competing brands that target the same market segment Pampers/Luvs  Both companies are owned by Proctor and Gamble  To increase their shelf space, Proctor and Gamble invented Luvs  Appealed to slightly different market segment  Allowed for Proctor and Gamble to dominate the shelf space (if you want Pampers, you have to carry Luvs too)  Coke does the same thing Hotels on the Highway  Marriott  Grouping different brands to attract new convention markets  Fills up zoned “shelf space” at highway exits Disney/Las Vegas  Own several resort properties with different themes to appeal to different markets  Own several theme parks to beat out competition  Movie studios create battles between their top films, which gives them more headline space in the press Hyatt Regency  Hyatt Regency and Hyatt  Hyatt  Hyatt Regency, Grand Hyatt and Park Hyatt  Hyatt sold off less glamorous hotels Hyatt Regency, Atlanta (The first atrium hotel) Hyatt Regency, San Francisco Hyatt Object Hyatt Regency, Dallas Hyatt Regency, Kansas City (Largest structure disaster in terms of human life) Marriott Marquis, Atlanta (Looks more like a Hyatt – Kind of like Coke trying to taste like Pepsi) Marriott Marquis, Atlanta Marriott            Marriott Hotels and Resorts Marriott Executive Apartments Marriott International Ritz-Carlton Marriott Vacation Club International Renaissance Hotels and Resorts Residence Inn Courtyard Town Place Suites Spring Hill Suites Fairfield Inn Starwood       Westin W Hotels Sheraton Four Points St Regis Luxury Connection Hilton          Hilton Doubletree Embassy Suites Conrad Hotels Hampton Inn Hilton Grand Vacation Club Hampton Inn and Suites Hilton Garden Inn Homewood Suites InterContinental Hotels Group        InterContinental Hotels and Resorts Crowne Plaza Hotels and Resorts Holiday Inn Hotels and Resorts Holiday Inn Express Holiday Inn Select Holiday Inn Garden Court Staybridge Suites Cendant (World’s Largest)  Ramada Inn (although Ramada International is owned by Marriott)  Super 8 Motels  Howard Johnson’s  Days Inn  Travel Lodge  AmeriHost Inn  Knights Inn Carlson Companies       Radisson Hotels TGI Fridays Park Plaza Hotels and Suites Park Inn Country Inn and Suites Golden Arch Hotels Choice        Quality Inn Comfort Inn Roadway Inn Comfort Suites Sleep Inn Clarion Econo Lodge InterContinental Hotels Group        InterContinental Hotels and Resorts Crowne Plaza Hotels and Resorts Holiday Inn Hotels and Resorts Holiday Inn Express Holiday Inn Select Holiday Inn Garden Court Staybridge Suites Articles/Websites  John Portman (Architect of the Hyatt Regency, Atlanta; Hyatt Regency, San Francisco and Marriott Marquis, Atlanta) http://mywebpages.comcast.net/rlinger/Georgia/portman.html  Hyatt Regency, Kansas City Tragedy http://www.glendaleh.schools.nsw.edu.au/faculty_pages/ind_arts_web/bridgeweb/Hyatt_page.htm  Top 50 Hotel Companies http://www.ahla.com/products_info_center_top50.asp  Hyatt Regency, Atlanta http://mywebpages.comcast.net/rlinger/Georgia/Atlanta/Downtown/hyatt.html  Marriott Marquis, Atlanta http://www.bluffton.edu/~sullivanm/atlanta/portmanmarriott/marriott.html Articles/Websites  List of hotel chains and brands  Building brand equity  Rebranding begins at the top  Starwood Hotels http://www.hospitalitynet.org/web/Hotel_Chains_&_Brands/page21.html http://www.hospitalitynet.org/news/4010351.search?query=%22old+logo%22+hyatt http://www.hotelsmag.com/0302/0302update.html http://www.starwood.com/
 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
									 
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                             
                                            