Слайд 2The Marketing Plan
Marketing is the foundation for sales; without a marketing plan
based on thorough research, sales efforts may be wasted
A marketing plan is the property’s road map, telling you who you are, where you are going, and how you’re going to get there
Sample marketing plans and templates are available online, or through franchisors (for franchise properties); marketing consultants can help in creating a marketing plan
A marketing plan need not be long and complicated
Marketing plans should include programs to attract business to each of a property’s revenue centers
Слайд 3.
The Marketing Plan
Different market segments need their own marketing approach
A marketing
plan should be developed for at least a three-year period and be regularly reviewed and updated
A marketing plan should be flexible, not rigid
Слайд 4Benefits of Long-Range
Marketing Planning
Forces managers to think ahead and make better
use of resources
Sets responsibilities and coordinates and unifies efforts to reach sales goals
Creates an awareness of problems and obstacles
Identifies opportunities to increase market share in currently served segments and open new ones
Ensures that sales promotions and advertising are not wasted due to misdirected efforts
Слайд 5The Marketing Team
The marketing team is established to create and implement marketing
strategies
The team should include at least one representative from each revenue center; nonrevenue areas should be represented as well
Team members should develop strategies for their revenue centers and present them to the marketing team for review and revision before they are incorporated into the marketing plan
A marketing team makes sure that no property areas are overlooked and that marketing responsibilities are shared by key property personnel
Слайд 6Steps of a Marketing Plan
Conduct a marketing audit
Select profitable target markets
Position the
property
Establish objectives and action plans
Monitor and evaluate the marketing plan
Слайд 7Step 1: Conducting a
Marketing Audit
The marketing audit is the research step
in the planning process. There are several elements involved in conducting a marketing audit:
Internal sources of marketing information
External sources of marketing information
Property analysis
Competition analysis
Marketplace analysis
Слайд 8Internal Sources of Marketing Information
The simplest marketing information system to design and
implement is an internal system designed to collect data from within the hotel or restaurant
An internal information-gathering system can provide lots of information while requiring less time and money than an external system
Internal information-gathering methods include using guest histories and sales data, guest comment cards, in-house guest surveys, and face-to-face conversations with guests
Employees and managers are also internal sources of marketing information as they frequently receive guest feedback
Слайд 9External Sources of Marketing Information
There are a number of syndicated services that
collect consumer information, including customer profiles, shopping behavior, customer responses to advertising, and consumer attitudes/preferences
Some firms gather statistics that enable a property to compare itself against its competition
Other external sources of marketing information include trade associations, trade journals and periodicals, popular periodicals, convention and visitors bureaus, travel bureaus, government sources, and the Internet
Слайд 10Property Analysis
A property analysis is a written, unbiased self-appraisal used to assess
the strengths and weaknesses of a property
A property analysis takes into account both revenue- and non-revenue-producing areas, as well as intangibles such as reputation and location
First, a detailed room-by-room and facility-by-facility inspection should be made; building exteriors, landscaping, and the property’s sign should also be examined
The entire property should be evaluated in terms of traffic flow, accessibility, eye appeal, and compatibility with local surroundings
Слайд 11Property Analysis
The property should also be analyzed from the guest’s perspective
Part of
performing a property analysis is to conduct an occupancy and activity analysis, which is an analysis of the property’s past, present, and potential operating statistics used to track sales history patterns over a three- to five-year period; this analysis reveals low-business periods and should be conducted for all revenue centers
A geographic origin study reveals where guests come from and can help a property focus its marketing efforts
Слайд 12Competition Analysis
The objectives of a competition analysis are to discover (1) profitable
guest groups being served by competitors that are not being served at your property, (2) some competitive benefit or advantage your property enjoys that cannot be matched by major competitors, and (3) weaknesses in the marketing strategies of competitors on which your property can capitalize
A competition analysis should be made at least four times a year
One of the main reasons for assessing your competition is to determine how you can differentiate your property in a way that adds value for customers
Generally speaking, competitors are properties in the immediate area that sell to similar market segments and offer similar products and services at similar prices (your competitive set)
Слайд 13Management’s Role in Marketing and Sales
You can identify your competitors through a
competitive rate analysis, preparing competitive fact sheets, and analyzing need fulfillment by market segment
A competition analysis involves walking the properties of competitors, talking with competitors’ employees, studying the advertising of competitors, and taking note of how they use social media
The three most commonly used statistics for measuring your performance against your competitors are market share, fair share, and revenue per available room (RevPAR)
Слайд 14Market Share, Fair Share,
and RevPAR
Слайд 15Marketplace Analysis
A marketplace analysis researches the property’s current position in the marketplace
and reveals potential opportunities to promote the property, as well as identifies environmental opportunities and problems that can affect business
Marketplace factors that affect business include changes in demographics; positive and negative events in the community, region, state, and nation; energy availability and costs; government regulation; and the cost of travel
Statistics for projecting environmental effects on business can be found in census data, information from industrial commissions, and industry reports
Слайд 16Step 2: Selecting Profitable Target Markets
A hotel is actually a series of
businesses that cater to a number of different markets
Market segmentation consists of viewing a market as a number of smaller market segments, each segment a group of consumers with similar product and service preferences
Markets can be segmented by demographics, purpose of trip, benefits sought, geography, lifestyle, usage, and intermediary
Слайд 17Step 2: Selecting Profitable Target Markets
It is impossible to be all things
to all people; properties must define their product in terms of the major market segments they can best satisfy (these become their target markets)
Properties can identify their current guest mix through the use of a revenue grid and an occupancy chart, and by gathering guest profile information
Слайд 18Guest Profile Information
Using guest registration/reservations information can reveal:
A breakdown of the present
guest base
The demographics of each guest: age, sex, marital status, family size, income, occupation, etc.
The point of origin or the feeder city from which each
guest arrives
Average length of stay and the pattern of occupancy (revealing peak, shoulder, and valley periods)
How guests get to the property
Sources of reservations
Lucrative market segments that should be targeted
for future promotions
Слайд 19Guest Mix
A property wants to create the mix of business that will
generate the greatest revenue and produce the most profit
A balanced guest mix is ideal, because it will help ensure that a property can maintain a fairly steady occupancy rate regardless of changing market trends
A property’s guest mix should be reviewed periodically
Defining and redefining markets is a continual process; adjustments to the marketing plan and the guest mix are frequently required as conditions change
Unforeseen events, such as economic downturns, strikes, highway reroutings, and weather may alter the guest mix, requiring adjustments on the part of management
Слайд 20Step 3: Positioning
the Property
Every property projects a certain image in the
minds of the public; this is known as the property’s market position
The process of designing a property’s market position is known as positioning
Positioning is not simply advertising; it involves the hospitality a property offers and its managers and marketers ability to create unique selling points based on the property’s location, internal or external features, and personnel
Слайд 21Step 3: Positioning
the Property
There are two basic positioning choices: you can
directly compare yourself to the competition, or you can identify a new need in the marketplace and fulfill that need before the competition discovers it
Developing a positioning strategy requires identifying the benefits that will be most important to potential guests and knowing exactly what the property has to offer
Слайд 22Questions to Assist with Positioning Development
Who are we? What do we stand
for? What are our strengths and weaknesses? Does our property have a liability that can be turned into an asset?
How does our property differ from the competition? Does our property have tangible or intangible advantages over the competition? Are there areas in which we can set ourselves apart?
What areas are not producing the desired revenue or response? Are there areas that show a high potential for repeat business?
Which target market segments can be most beneficial to us?
What are the needs and wants of each segment? What benefits do they seek? Does the property offer any features or services that are unique?
Are there opportunities in the marketplace? How can we go about attracting this business?
Слайд 23The Positioning Statement
A property’s positioning statement expresses the property’s uniqueness
The positioning statement
must communicate the property’s advantages to its selected target markets
The positioning statement should be targeted to market segments of sufficient size to warrant the expenditures required to attract additional business from those segments, and the property must have the ability to meet the needs of these market segments
Strong positioning creates an image, outlines guest benefits, and distinguishes a property from its competition
It is important to reassess your positioning periodically
Слайд 24Step 4: Establishing Objectives
and Action Plans
This step in creating the marketing
plan involves:
Setting marketing objectives
Developing and implementing action plans
Budgeting
Слайд 25Setting Marketing Objectives
At the beginning of the year, marketing objectives should be
established for each month and each market segment
Sales objectives and quotas can be developed as a result of these marketing objectives
Marketing objectives should be simple and should be set for each market segment, revenue center, and revenue-producing service (valet, laundry, and so on)
Слайд 26Characteristics of Effective Marketing Objectives
In writing
Understandable
Realistic and challenging
Specific and measurable:
Quantity-specific
Time-specific
Market share–specific
Слайд 27Developing and Implementing
Action Plans
Action plans are the heart of a marketing
plan
There should be detailed action plans for each market segment and revenue center
Action plans can be as simple or as complicated as necessary
Action plans should be very specific and incorporate the following six areas:
A description of the types of business and the market segments to be solicited
Target customers—a specific definition of who will be solicited
Rates/packages/promotions/special plans—a listing of the rates that will be charged for business within each segment
Слайд 28Developing and Implementing
Action Plans
Objectives
Action steps
Budgeting
Each action plan should include the who,
what, where, when, and why of each step in the plan
Слайд 29Budgeting
Most marketing budgets include sales, advertising, online marketing/website costs, and promotional expenses;
direct mail postage and handling charges; promotional premiums; and salaries of the marketing and sales staff
Individual budgets should also be established for each market segment and each action plan designed to reach that segment
Budgeting should be broken down into quarterly segments to make effective monitoring possible (the exception is media advertising, which is often budgeted on an annual basis)
Слайд 30Budgeting
A zero-base budget starts at zero; monies are budgeted at levels needed
to get the job done, and all expenses must be justified
Although zero-base budgeting takes more time and effort than percentage-of-sales, competitive-parity, or affordable-funds budgeting, it is considered the best way to budget for marketing
Слайд 31Step 5: Monitoring and Evaluating
the Marketing Plan
00000The more carefully the marketing
effort is measured, the easier it will be to plan future marketing activities and programs
The cost-effectiveness of some public relations efforts and sales promotions may be difficult to measure, but it is important to establish some sort of monitoring system for them
The marketing plan should be reviewed periodically so that corrective action can be taken throughout the planning cycle
Слайд 32Methods of Monitoring the Marketing Plan
Record the number of room nights for
each market segment
Chart and compare the number of restaurant covers sold before and after advertising
Survey zip codes to determine which media are most effective in local advertising
Track prospecting results and sales production versus goals by salesperson
Слайд 33Methods of Monitoring the Marketing Plan
Keep track of each salesperson’s (1) production
of room nights by market segment; (2) business booked by peak, shoulder, and valley periods; and (3) repeat business versus new business booked
Record direct mail responses and telephone inquiries in a logbook that indicates the specific salesperson to whom each lead was assigned
Use return mail coupons and tabulate responses to coupons distributed to guests and employees
Use specific response techniques, such as using special telephone numbers or instructing respondents to ask for a specific individual
Слайд 34Reasons that Efforts to Reach
Sales Goals Fail
Lack of responsibility
Lack of communication
Lack
of time
Lack of authority
Lack of appeal
Lack of control
Lack of realistic goals