Alton Towers – Marketing Audit: TOWS MATRIX Weaknesses W1: Clarity of the companies target market. W2: Increasing ticket Prices Strengths S1: The Companies reputation for high quality experience & rides. S2: Discounted tickets. Threats T1: Recession & Economic Climate. Opportunities O1: Current ‘Staycation’ Trend O2: Companies expanding business via the internet. T2: Health & Safety regulations may limit the companies product (T1 & W2)-Despite the current recession, Alton Towers continue to increase ticket prices. The company could use more promotional offers to keep ticket sales up. (O1 & W1)- Alton Towers could take advantage of the current ‘Staycation’ trend within the UK, whist focusing on increasing target market awareness. This trend may boost the amount of families (T1 & W1)- The key target choosing to stay within the market of 16-24 year olds Alton Towers Hotel Resort. currently hold the highest unemployment rate. Alton (O2 & W1/2)- The use of Towers need to introduce promoting the company further offers to ensure the online could attract the other main target market are able to target market of 16+ year afford ticket prices, despite olds. By making tickets the unemployment rates. available online, this could also reduce the cost of production of ticket which may reduce the cost of ticket prices. (T2 & S1)- Although Alton (O1 & S1)- Alton Towers hold a Towers must follow many positive reputation of their health & safety laws, the core product (rollercoasters). company hold a highly However the company can use positive reputation regarding their reputation to build on the product & experience on their other products including offer. To increase this, the the Alton Towers hotel resort. company may wish to explore This will also allow the more themed rides & company to take advantage of experiences to target markets the current ‘Staycation’ trend interested. within the UK. (T1 & S2)- The company are responding to the economic climate by introducing promotional ticket offers including annual passes and student discount. However the company must continue to explore other areas to discount to promote to a clearer target market. (O2 & S1/2)- Many companies have thrived in keeping their businesses up to date with technological advances. Alton towers may use the internet to promote tickets and offers, as well as continue to enhance their reputation by the company making it easier to purchase tickets & find information about the products & services on offer.