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Marketing may be defined as the process through which products and services move from mere concept to its actual and potential consumers. The environment around the business operations is known as marketing environment. In this Unit 8 Marketing in Hospitality Sample Assignment, the main focus will be on the environment in which the National Trust operates. We will discuss the product life cycle of the National Trust. We will have a view on the importance of marketing mix to National Trust and the pricing strategies being used by National Trust. Also we will discuss the functioning of the AIDA model in relation with sales promotion and public relations. The Marketing in Hospitality will focus on the importance of market research and marketing survey.
The National trust was established in the year 1895. Its main objective is to protect the buildings and coastlines of countries like England, Wales and Northern Ireland. It makes its income from the fees of the members, donations and the investments made by it.
SWOT Analysis: The SWOT analysis is conducted to determine the internal capabilities and the threats outside so as to correlate them. The National trust cannot be secluded from other regions.
PESTLE Analysis: PESTLE analysis is an important way of having a understanding of the environmental factors which should be considered while doing any market research. There are a number of factors:
National Trust was established to save the heritage of the nation and the open spaces. After so many years, it is still working hard to keep its values.
Product life cycle: The main points of the product life cycle are:
National trust must always be aware of the factors which in turn affects the length og a product life cycle.
Below the line marketing: The marketing in which organizations have a greater control over the methods used is below the line marketing. It mainly consists of news articles, newspaper articles, direct mailing, and exhibitions. The National trust uses below the line marketing at micro level and have greater control over the methods used by it.
Above the line marketing: The marketing in which organizations generally do not have much control over the methods used is above the line marketing. It mainly consists of typical media advertisements like newspapers, magazines, radio, TV, cinema. National trust uses above the line marketing in order to promote its products (Business case studies 1, n.d.).
See complete brief of this Unit 8 Marketing in Hospitality Sample Assignment
The promotional mix of marketing mainly consists of activities through which communication with customers and distribution channels can be made in order to increase the sales of the product. The main objective of the promotional mix is to tell the advantages of products to the targeted customers in order to convince them to buy the product.
Advertising: It is the tool of the promotional mix used by the business in order to promote its products. It is a kind of non personal presentation of ideas, services and products for which sponsors pay to the advertisers. Through advertisement, the producer of the product conveys many messages like advantages of using the product, its price and its availability in the market. It attracts the customers and pull them towards the product. Its main features are:
National trust launched a new Campaign ‘Nation’s love for new places’ with 18 feet & rising to celebrate the love of the people towards natural places. It aims to attract the public towards the places they love and to motivate then to return to those places in order to make more memories. The objective is to make people share their love for natural places with the organization (Thedrum, n.d.).
Sales Promotion: Sales promotion includes short term offers in order to increase the sale of a product. The programs such as contests, coupons, trade programs, discounts, locusassignments. product demonstrations etc are the programs that companies create in order to increase the sale of a product during a particular season of time. The objectives of sales promotion are:
Public Relations: It is a kind of communication of organization whose aim is to build good working relationship with the customers, stakeholders and government. It aims to make a good and favorable image of the organization and preventing any unfavorable rumor about the firm. Its objective is to build a long term positive image of the organization. Writing press releases, Special events holdings and conducting various surveys are examples of public relations. Main objectives are:
The National Trust is a charity organization that looks after the cultural heritage. It is now adopting promotion strategies for various purposes. The AIDA model defines the different stages of promotion:
Therefore, National Trust focuses on promotion strategy so as to make customers know of its various offers and what kind of jobs that the National trust has (Business case studies 2, n.d.).
There are many reasons to determine the effectiveness of advertising campaign. Some are:
Therefore, advertisement effectiveness is required to determine whether the particular advertisement should be used or not and whether the on going campaign should be continued or stopped (Anon 4, n.d.).
Questionnaire: Questionnaire consists of a number of questions in order to gather information from the respondents. Below is an example of questionnaire:
How much do you remember this advertisement
What was the main aim of the advertisement other than convincing you to buy the product
What was the thing you like most about the advertisement
What was the thing you like least about the advertisement
While telling your friend about this advertisement, what would you say it is
The message conveyed by advertisement is understandable
The advantages described in the advertisement are believable
Please indicate your age
Marketing Surveys: Marketing survey is a very important part of market research because it evaluates the needs of the customers and their preferences in the market. Companies decide what to offer to the customers and to market those products. To achieve the results there are certain steps which are as follow:
Relevance of Market Research: All the successful business conducts market research from time to time in order to have the information of the changing trends of the market. Market research is very important for the continued success in the market. The importance of market research can be understood by having a look at the following factors:
Marketing may be defined as the process through which services or products of organization actually move from mere concept to its potential customers. In marketing the business should have a basic understanding of what customer need and what they value. Finding the correct person to convince for your business is marketing. Marketing includes allocating your time and money in order to achieve success. There are 4P’s of marketing:
Hospitality industries mostly deal with the customer satisfaction. The sectors included in hospitality are hotels, airlines, cruises, fancier trains etc. Its main objective is the happiness of the customers. It is different because it deals with physical products such as maintain bed in the hotel or looking after the food in the restaurant. It also deals with the non-physical services to customers. Hospitality marketing is the process through which hospitality industry such as hotels, restaurants, airlines etc promote their products or services. Its main direction is towards bringing revenue to the hospitality industry. Hospitality marketing is very important for the success of any tourism or hospitality industry. By the help of proper marketing efforts, customer needs are met. In this way, marketing brings profit to the hospitality industry.
From the Unit 8 Marketing in Hospitality Sample Assignment, we conclude that market research and marketing survey are very important for the success of any business. We also concluded that for charity organizations like National Trust, the 4P’s of marketing mix are very vital. We have discussed successfully the product life cycle of the National Trust and referred above-the-line and below-the-line marketing. We also conducted a survey questionnaire and produced an advertising campaign. We also discussed the importance of market research and marketing survey for sectors in hospitality industry.
Anon 1, Introduction ,[Online], Available: https://www.gbz.hu-berlin.de/publications/working-papers/downloads/pdf/Engelhardt.pdf [Accessed 5 December, 2014]
Anon 2, National Trust UK,[Online], Available: http://www.ashden.org/files/NT%20full%20winner_0.pdf [Accessed 6 December, 2014]
Anon 3, Pricing made Simple,[Online], Available: http://www.sayervincent.co.uk/Asp/uploadedFiles/File/Publications/MadeSimpleGuides/Pricing_Made_Simple.pdf [Accessed 9 December, 2014]
Anon 4, Advertising Effectiveness,[Online], Available: http://www.slideshare.net/hemanthcrpatna/a-project-report-on-advertising-effectiveness [Accessed 11 December, 2014]
Business case studies 1, The Use of Social Media in Promotion,[Online], Available: http://businesscasestudies.co.uk/national-trust/the-use-of-social-media-in-promotion/above-the-line-promotion.html#axzz3Lf6V1BC6 [Accessed 6 December, 2014]
Business case studies 2, The Purpose Of Promotion,[Online], Available: http://businesscasestudies.co.uk/national-trust/the-use-of-social-media-in-promotion/the-purpose-of-promotion.html#axzz3Lf6V1BC6 [Accessed 10 December, 2014]
Flatworld solutions, Research and Analysis Services,[Online], Available: http://www.flatworldsolutions.com/research-analysis/articles/market-research-for-business-success.php [Accessed 12 December, 2014]