1.Executive Summary
Our hotel aim to be a global business company and want to provide premier and professional service for our customers. Furthermore, we want to attract more economic chance in order to improving the competitiveness of the city. For this reason, staff training and hotel management should be kept in touch with the trend, learn from the competitors and use it on the right direction to improve. The way for change that our hotel creates would serve to our customers for many years and support our global development plan and being the one of the world’s preeminent company. “A better experience could be served to our guest , a better working opportunity could be provided to our investors or partners, a better facilities for our staffs and a better service to our communities , giving to the people instead of removing it and also improving it. “ (Nassetta, 2008) we should never hesitate for any change because that could provide a much more better environment for us to keep on developing. 2. SWOT Analysis
Strengths:
Location
The Perfect 6 hotel is located in town and at the seafront, from the airport to town is less than 30 minutes, and there is complete public transportation. Also, there are main shopping Center near
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Demographic segmentation is based on measurable statistics. Dividing them into specific groups based on their variable helps us to provide the best match service for them. For example, gender-based segmentation is important, female prefer skincare or spa activities while male prefer sports supplement. On the other hand, we can segment our customer by age. Kids like colorful, cartoon decoration and playing video games while elderly people prefer quite activity and may need some supplement to support. Using demographic segmentation may lead customers’ loyalty, because we can respond to customers’ need in a short time to satisfy them. And it also save time.(Thionnet S.,
Fort Myers is known for their beautiful beaches and many attractions. They also have pristine white sands and they have the best nature adventure as well as trips you cant miss out on. This is because they take good care of their natural surroundings. Laws have been enacted in order to prevent the investors who would like to build tall buildings near their ecosystems. They are also noted for their Old South Ambiance, their museum and historic spots along with nature walks, festivals and events.
An example of demographic segmentation is being used in the automobile market. This is done on the basis of income from a household. Suzuki has a low-price bracket for their cars whereas BMW have a high price bracket so it targets high end buyers who are willing to spend more money. BMW have segmented a market by differentiating their products. Comparing it to Suzuki, BMW allow customers to design their car such as the seat material, colour, wheels and engine.
Figuring out your target market is a very important first step to figuring out a new marketing strategy for a company. The company my group chose was, Dave and Busters. Dave and Busters is an American-style entertainment center, featuring a restaurant, sports bar, and an arcade. There are many things that influence the demographic of a target market. In this paper I will analyze the target market demographics for our company; Dave and Busters, and explain why these demographics are so important for the financial side of Dave and Busters.
Assessment of STP Options Both behavioral segmentation and age segmentation are strategies that can effectively divide consumers into two major markets
The segmentation process allows Company X to understand the changing needs of each demographic. Emerging opportunities can be easily identified in potential markets. To address retail customers within different industries accordingly Company X must develop an effective demographic segmentation strategy. The customer segments of Company X will be a diversified group. The groups are broken down into two main categories which are individuals and businesses.
Tourism Because the city has such a strong pull for visitors and vacationers, there are more than 3000 hotels, resorts, and other accommodations. During the peak tourism season, most of the hotels run at nearly full capacity. This is why booking early is essential for those planning to visit. The city is diverse in that it is a great place for families, single people, and those with young children to vacation. History Preserved
Common definition market, which means economic that’s approach customers in terms of people to find a goods or services they want, while segmentation is processes dividing specific part into many parts of some things. Market segmentation is mean an organization target its product, services, or ideas only to specific groups of consumers rather than to everybody, even if it means that other consumers who don’t belong to this target market aren’t attracted to it, for example is ASIMO might be suitable for housewife to do household works. Honda company has been targeted three major part of market segmentation that is include demographic, behavioral, and psychographic segmentation. Demographic segmentation is based on age, income, family size and socio- economic status, etc.
SWOT Analysis STRENGTHS Solid Reputation: Coral Divers Resort has developed itself to a safe and knowledgeable diving resort. Location: CDR has a beachfront location that offers divers not only diving opportunities but also the liberty to explore islands with a peaceful and quiet atmosphere. Association with PADI and NAUI: Since Greywell was a certified diving instructor from two of the well-known certified training organisations in the world; this implied the owners experience, reliability, and credibility. Land availability for future expansion: there was massive land and resource availability if Greywell thinks of expanding his resort in future.
CASE JOURNAL-ROSEWOOD HOTEL& RESORTS Rosewood’s management is on the right track to increasing brand awareness among its customers by pursuing the corporate branding strategy. Implementation of the corporate branding strategy not only increases the number of repeat visitors to the hotels, but also increases the gross profits made by the company by $2,599,000. Corporate branding has a positive impact on the customer lifetime value as well. Rosewood Hotels & Resorts is a privately owned hotel management company that is known for its unique properties like The Carlyle and the Mansion on Turtle Creek that differentiates the company from other luxury hotel competitors.
Segmentation, Targeting and positioning, also known as STP are an essential part in marketing today. This model is important for generating marketing communication strategies and it aids the marketers to prioritize schemes and deliver personalized and pertinent messages to diverse audiences. This approach is audience oriented rather than product focused in terms of communication, which results in conveying appropriate messages to the members who are more commercially appealing. Segmentation benefits the managers in finding out the area on which they have to concentrate on in terms of geography, demographics, social factors or behaviors.
BE201 TMA Draft Karim Mahmoud Ghweil Question 1: A. Market segmentation is the process strategy of dividing a product or service for the general or specific groups based on their preferences, style, perceptions, needs, and interests. As Marks & Spencer already segmented its customers in some ways. It used demographic segmentation in which it targeted people with the age of 30 and above and also with relatively good or high income. But why M&S used market segmentation in the first place and how is it beneficial?
Market are segmented in order to make it easier for businesses to target these segments according to the features and habits they exhibit. These segments must be definable, specific, profitable, and is has room to grow. The following outlines the segmentation for the market of Mercedes Benz broken down into demographic, behavioral and psychographic segmentation. Demographic Segmentation: Markets can be segmented by geography where the business would market its offering towards individuals living in a certain area.
According to TrackMaven, market segmentation is the process of dividing the market of potential customers into groups, or segments, based on different features. The created segment consists of consumers who will respond to the same marketing strategy and who share the nature of the same interests, needs, or locations. McDonald uses demographic segmentation as their main types of market segmentation. According to Sakshi Natani (2016), McDonald in Malaysia used mainly demographic segmentation, which divided in age, income, family-life cycle and social class.
The process of market segmentation involves the division of a market into groups of smaller size whose needs, behaviour and characteristics are distinct from each other. These smaller groups or 'segments ' may require separate marketing strategies. There are four major market segmentation variables namely behavioural, psychographic, geographic and
1. MARKAT SEGMENTATION Market segmentation is a strategy that is generally used by a company to identify and define the target customers, and provide the supporting data for the marketing plan elements. There are five types of market segmentation which are demographic segmentation, geographic segmentation, psychographic segmentation, benefits segmentation and volume segmentation. • Demographic Segmentation Demographic segmentation is market segmentation according to age, family size, religion, race, gender, income and education. By using this segmentation, a company can categorize the needs of consumers more easily and target its consumers more accurately because demographics can segmented into several markets.