Hotel Marketing and Communication The Cornerstones Copyright Copyright © Texas Education Agency, 2012. These Materials are copyrighted © and trademarked ™ as the property of the Texas Education Agency (TEA) and may not be reproduced without the express written permission of TEA, except under the following conditions: 1) Texas public school districts, charter schools, and Education Service Centers may reproduce and use copies of the Materials and Related Materials for the districts’ and schools’ educational use without obtaining permission from TEA. 2) Residents of the state of Texas may reproduce and use copies of the Materials and Related Materials for individual personal use only, without obtaining written permission of TEA. 3) Any portion reproduced must be reproduced in its entirety and remain unedited, unaltered and unchanged in any way. 4) No monetary charge can be made for the reproduced materials or any document containing them; however, a reasonable charge to cover only the cost of reproduction and distribution may be charged. Private entities or persons located in Texas that are not Texas public school districts, Texas Education Service Centers, or Texas charter schools or any entity, whether public or private, educational or non-educational, located outside the state of Texas MUST obtain written approval from TEA and will be required to enter into a license agreement that may involve the payment of a licensing fee or a royalty. For information contact: Office of Copyrights, Trademarks, License Agreements, and Royalties, Texas Education Agency, 1701 N. Congress Ave., Austin, TX 78701-1494; phone 512-463-7004; email: copyrights@tea.state.tx.us. Copyright© Texas Education Agency, 2012. All rights reserved. 2 Marketing Basics Marketing Concept – the idea that businesses must satisfy customer needs and wants in order to make a profit Marketing – the creation, management, and selling of products 3 Copyright© Texas Education Agency, 2012. All rights reserved. Products Goods • Tangible, hold or touch • examples: T-shirts, furniture Services • Intangible, can’t touch • examples: spa, miniature golf 4 Copyright© Texas Education Agency, 2012. All rights reserved. Marketing Process Identify the customer Market Segmentation Determine customer’s wants Target Marketing Make the right product… Product Management …at the right place… Place (Distribution) …at the right price Price Management Communicate to the customer Promotion The Marketing Mix (4 P’s of Marketing) 5 Copyright© Texas Education Agency, 2012. All rights reserved. Identifying the Customer • Market – All potential customers – share common needs and wants – have the ability and willingness to buy • Marketers can conduct research to identify a target market • Identifying a target market is achieved through market segmentation • The strength of a marketing mix depends on two things: – How well the target market is defined – How well all marketing decisions are directed toward that target market 6 Copyright© Texas Education Agency, 2012. All rights reserved. Determine What the Customer Wants Wants are determined by segmentation and research 7 Copyright© Texas Education Agency, 2012. All rights reserved. Marketing Mix Product Place (Distribution) Marketing Mix Price Promotion 8 Copyright© Texas Education Agency, 2012. All rights reserved. Make the Right Product… • • • • Obtaining Developing Maintaining Improving 9 Copyright© Texas Education Agency, 2012. All rights reserved. Product Strategies • • • • • • • Amenities Benefits Branding Features Image Packaging Services 10 Copyright© Texas Education Agency, 2012. All rights reserved. …at the Right Place Location, location, location! 11 Copyright© Texas Education Agency, 2012. All rights reserved. …at the Right Price • • • • Complex decision Non-price Revenue Management Software Strategies include: – based on demand – competitors – image 12 Copyright© Texas Education Agency, 2012. All rights reserved. Communicate to the Customer Advertising Sales Promotion - print - broadcast - coupons, rebates, discounts - frequent buyers program Interactive -website - social media Personal Selling - suggestive and group - telecommunication Public Relations - press releases/kits - media relationships Personal Selling 13 Copyright© Texas Education Agency, 2012. All rights reserved. Communication • Beyond Promotion to direct communication • Verbal – face-to-face – telephone • Non-verbal – body language – facial expressions – writing – letters, email, text • Interpreting cues Copyright© Texas Education Agency, 2012. All rights reserved. The Marketing Plan • Marketing goals • How to achieve the goals • Strategies • 4 P interaction • Competitor analysis 15 Copyright© Texas Education Agency, 2012. All rights reserved. References and Resources Images: • Microsoft Office Clip Art: Used with permission from Microsoft. Textbooks: • Farese, Kimbrell, Woloszyk, (2002) Marketing Essentials, Woodland Hills, California: Glencoe McGraw-Hill, Inc. • Reynolds, Johnny Sue. (2010) Hospitality Services Food & Lodging. Second. Tinley Park, Illinois: The Goodheart-Willcox Company, Inc. 16 Copyright© Texas Education Agency, 2012. All rights reserved.