1. Introduction Intercontinental Hotels was launched on 4th April 1946 as part of Pan American World Airways’ first international hotel brand in Belém Brazil. Ever since, the hotel chain has spread worldwide. Thailand has a booming tourism industry with visitors from all parts of the world. Due to its rich cultural background and pristine natural environments, it is a prime location with potential for Intercontinental Hotel’s next sustainable venture. Located in South East Asia, Thailand is the world’s 51st largest country, with a total area of 513,120 sq. km (NationMaster) and population of 67,741,401. Chiang Mai, being the hub of the northern Thailand province, houses a population of over 170,000 people in the city center. It is Thailand’s …show more content…
The main strength which Intercontinental possesses would be being a well- organizes establishment with an outstanding brand image. Thus, the new venture into Thailand can be financially supported and managed. The rooms would have a unique individuality to it. This, would help overcome the competitors that are already holding on to the market share. Weaknesses would include maintenance cost of the hotel. Since the rooms would be perched on the trees, they would make maintaining them a challenging obstacle. The locals do not speak English as their first language and this would be a weakness when it comes to conducting inter company …show more content…
The concept of the product life cycle is to adapt different strategies in to different time period. (Reid & Bojanic, 2009). As mention before, different stage has its different marketing strategies. In introduction stage, our hotel will inform consumer in order to create self-awareness. We must ensure to reach potential consumer and encourage first time experience at our hotel (Reid & Bojanic, 2009). Furthermore, we will create the package such as holiday program. In growth stage, the hotel become well known and there is the rapid sales increase as well as profit, therefore consumer willing to pay for the service(Tan, Tse, & Wong, 2009). Furthermore, in this stage we will expand our hotel such as increase unit, or open new market. For Maturity stage, more competitor will enter the market leading to decline in sales, we will expand our number of outlets throughout Thailand and southeast Asia. The last stage is decline, this is where even more promotional items for upcoming holidays will be handed to our patrons so as to ensure a return
Clete Barret Smith and William Sleator have similar settings in the books Aliens on Vacation and Marcos Millions. In both books, the setting is at a family member's house. Also, the area where the house is located is a friendly environment. Plus, the area is very nice for younger children like Scrub and Marco.
Evaluate two to four (2-4) weaknesses that are evident in the selected organization’s product life cycle. Generate a new product design and product selection, and then determine three (3) strategies that the organization needs to strengthen the operation. Product Life Cycle (PLC) is known as the stages in its lifetime that a product goes through, where the demand changes over time. [Rei132.
Weaknesses: 1. The high seasonal dependency for most of the hotel facilities. 2. The imbalanced market coverage and business portfolio. 3.
Awareness and knowledge fall under the cognitive phase (thinking), liking and preference fall under the affective phase (feeling) and lastly, the conviction and purchase stages 19 under the conative phase (behavior). The theory proposes that in order for an advertiser to successfully sell the brand, the customer must go through all of the six
Oaks Mall in Gainesville, Florida, which is in northern Florida. The largest city in Alachua County, Gainesville is the largest growing populated city in Florida. Oaks Mall 's anchor stores include Belk, Sears, JCPenney, and Macy 's, and opened in 1978. Whether you 're done getting all that fun shopping done, or you just want to head to a nearby restaurant, you can hop over to Crafty Bastards Restaurant and Pub! Sometimes the old adage "when in Rome" is just so applicable.
Marketing strategy Customers Youth, families, tourists, older customers and the middle working class Product life cycle. According to Kotler, P. & Gary, A. (2011), the product life cycle has five stages namely product development, introduction, growth, maturity and decline stage. The stages are determined by the market share of the product.
SMART marketing objectives for a hospitality and tourism business: From the brief meeting, Mr Ramesh summarized the main objectives of the Village Hotel Bugis will coincide with the Group’s mission statement. (i) To develop an enterprise and operate the businesses by serving with grace and love, integrity and honesty (ii) To inspire better lives to all stakeholders using the core values of BUILD (iii) To market VHB is a destination of pleasure and business with its unique characteristics of its locality. 2. Marketing plan development for a hospitality organization: Marketinng audit ( PEST ): PEST analysis is a simple widely used tool that helps to analyze the Political, Economic, Social- cultural, Technological changes in the business environment. Let’s see how The Village Hotel uses PEST analysis to their business.
Bhutan IAS project Bhutan, also know as the Kingdom of Bhutan, is a country in South Asia located in the Eastern Himalayas. It is a landlocked country which means it is almost entirely surrounded by land having no coastline. It is bordered by Tibet Autonomous Region in the north, by India in the south, the Sikkim State of India; the Chumbi Valley of Tibet in the west, and Arunachal Pradesh state of India in the east. The region of Bhutan is the second least populous nation after the Maldives. It’s capital is Thimphu as well as being the largest city.
Holiday Inn is a world wide chain and its international functional strategies will always yield profitable returns. The potential customers are from all over the world. It has been noted that the holiday inn company has given the market such as Europe, Asia, America with regards to their social-cultural needs. Holiday Inn, like all other hotels has established a good system in determining the needs of the market. The company uses the concept of product, personality, behaviour of the customer and purchasing to its advantage.
After these companies go about developing products, which may be product modification or it may be a completely new product. Product offerings are increasing every year as consumers are looking for more and more variety of products. Companies which are unable to churn out new products fall back on competition and suffer the consequences. Companies face danger not just from competitors but consumer needs, technology, and product life cycle. New product development has its share of challenges.
a. The product and production orientation of marketing asserted that a company should first develop product and then they should scan the market for sale opportunities. Now days in the modern world the market have changes. The process orientation of marketing requires a company to first to analyse the market, understand customer requirement and then develop products. In todays world, the modern marketing is based on the reverse process, in which the first the customer needs and demands are identified. The subsequent market program of the firm depends on how the market identifies the potential customer, profiles them, target them and positions his offering in the minds of customer.
SWOT Analysis SWOT analysis is a tool that helps in assessing the Strengths, Weaknesses, Opportunities, and Threats involved in any commercial business. An individual or firm look at the strengths and weaknesses which are in relation to the internal operations of the business and can be controlled by the firm, whereas the opportunities and threats are facets which are exterior to the business and not controlled by them (Kerzner, 2015). A detailed SWOT analysis of our new product, The World of Monopoly, introduced by the organization is as follows: Strengths • The World of Monopoly theme park and resort will be strategically located on Sheikh Zayed Road just after the ever-popular Ibn Battuta Mall, the theme park will also become the
Intercontinental Hotels is using the market differentiation strategy in segmenting its market into appropriate market divisions based on characteristics of the varying needs and characteristics of the target markets. The company has more than 3500 hotels in over 100 countries with around 535000 guest rooms. It has established a substantial customer base with over 120million customers whose preferences vary based on price and quality expectations. The Intercontinental group is made up of many brands such as the Intercontinental Hotels and Resorts, Holiday Inn Garden Court, Crown Plaza Hotels & Resorts, SunSpree, Holiday Inn, Staybridge Suites, Holiday Inn Family Suites Resort, Holiday Inn Express, Holiday Inn Select, Holiday Inn, and Candlewood
Product design can fulfil the demands of the customers and they are willing visit the same company again in the future. Referencing to the words of Vonderembse (n.d.),
The foreign exchange that earn by the business abroad is one of the reason that Shangri-La hotel internationalization. Shangri-La hotel also gained advantages of opening in new location and in term of goodwill. As Shangri-La hotel gained benefits in terms of revenue from the international location, the popularity growth and now Shangri-La hotel has become five star hotels and resorts in