Marketing and Sales Management MBA 750 Green Meadows Travel and Tourism < Marketing Plan> Dr. Mamoun Akroush 1- Executive Summary and brief history Green Meadows Travel & Tourism founded in 1995 under the ownership of Naori Group, it is a multiple function company offering a wide range of travel and tourism related services using two different business modules; by which it provides services to the public on behalf of suppliers such as airlines, car rentals, hotels, and package tours. In addition, they use their vast inventory of travel products to supply other travel agencies, tour operators and other travel businesses and to power B2C & B2B websites. Green Meadows Travel & Tourism locates in …show more content…
2.1.1 Market segmentation and the target market Since most of Green Meadowss’ sales come up from the wholesaling function, they are mainly targeting the agencies that they already represent such as hotels, airline and car rental agencies. In addition, the Company is also targeting end users such as honeymooners and luxury cruise ships’ lovers by dedicating a special department for custom-designing packages that suit all of their clients’ wishes. 2.1.2 Market Demographics and Geographic: Since Green Meadowss serves as a sales agent for many international and regional travel airlines, so it is targeting passengers from all over the world and especially Passengers from the MENA Region in which it is actually operating, while 30% of its sales are in Jordan, so they are targeting areas covering most of Jordan from North to South. In addition, it is targeting people from different ages and various income levels. 2.1.3 Psychographic: Green Meadows meets the different customer’s lifestyles, tastes and wishes in offering customized trips depending on the customer wants, needs and demands and on their levels of income. 2.1.4 Consumer Behavioral factors: Due to the difficult economic situation that people are facing these days, customer’s income has a major factor in determining their consumption behaviours. In addition, Globalization and each customer taste
It came up with the designs of executive and luxury lifestyle. It appealed to young professionals. It landed them the award of the best product in Dallas. For 28 years Grand Homes has been focusing on their mission to ameliorate the quality of life of their employees, customers and trade partners through the Grand Homes experience.
Amazing Destinations Ltd. is an independently run Travel Agency that specializes in adventure holidays. The company has been in operation for 12 years organizing tours and independent holidays to destinations such as Greenland, Alaska, Burma, Borneo and Namibia; and targets the luxury end of the travel market.
In addition to focusing on lifestyle marketing, the brand's strategic plan calls for system growth, improved property performance, an enhanced guest experience and further leveraging of Wyndham Hotel Group's resources including its Global Sales team, TripRewards® loyalty program and School of Hospitality Operations. "Our strategic plan will enable us to continue providing the value
Creating brand awareness to the budget traveler under their new branch name, OHANA, providing affordable condos.
The company offers a range of business services such as offices and video conferencing, fractional and whole residences in New York, Costa Rico, Mexico and San Diego, wedding services and vacation packages.
Village Roadshow’s marketing team focuses on domestic clientele. An analysis of the current conditions reveals a fluctuation and overall decline in the international visitation to the Gold Coast Region. There has been a slight increase in international visitors in the last three years with the dominant international source marketing being China and New Zealand, however the domestic visitation is still approximately four times larger than the international tourist numbers.
The company’s goal is to serve its customers through provision of value added services and products while remaining profitable. This is realized through the creation of a cultural environment marked with excellence and customer pride.
Even the United States government is offering tax credits to people who purchase energy efficient appliances. This opens up a whole new market for appliance manufactures. These appliances can actually save electricity/ gas and the consumers will save money in the long run.
”Beer is proof that God loves us and wants us to be happy” Benjamin Franklin
The key to a successful business is creating a specific detailed strategic marketing plan outlining product pricing. It is important for the marketing plan to include product pricing strategies in anticipation for the fluctuation of competing products and consumer demands. In the article Prices Marketing Strategies by Adrian Gherasim (2012), the article details the various methods to price product from creation, when competition enters the market, to when price adjustments should be made. Marketing strategies should take into consideration supply and demand when determining prices since pricing will consistently need to be adjusted depending on the market. Marketing strategies should continue to follow marketing trends to increase and decrease product prices in order to maximize profit.
Any company, of any size that is successful in marketing always starts with a marketing plan. Large companies have plans with hundreds of pages; while small companies can get by with a half-dozen sheets. You should at the very least refer to it quarterly, but better yet monthly. By adding monthly reports on sales/manufacturing; this will allow you to track performance as you follow the plan. Any marketing plan begins with an assessment of your company’s current situation. This should include the 5 Cs; customer, company contest, collaborators and competitors. You can then draw on these to develop segments and chose what sections you want to focus on; per the strategizing stage which consists of segmentation, targeting and positioning. The STP segments usually involve summaries of marketing research. Marketing and financial goals then stipulate the objectives the company wished to achieve and how success and your return on investment will be measured. The 4P section; product, price, place and promotion section will be long and detailed because it should contain all the small details of your marketing plans as well as the master plan of your strategy. You should at the very least refer to it quarterly, but better yet monthly. By adding monthly reports on sales/manufacturing; this will allow you to track performance as you follow the plan.
Once when our business is planned and everything is done in proper manner than our time
For a firm to remain competitive, decisions must be made that will ensure profit and success. If products are not selling well adjustments to these products must be done in a way that improves, reintroduces, adds to or removes products from the market. To ensure successful sales of a product a brand name should be established within the market. Customers must be able to distinguish your product from the competitor’s products. The product must be of high quality and earn the trust of your customers and develop a loyal customer base. Once your product has that loyal customer base and product identity it is much easier to introduce a new product due to the familiarity and trust in your product name. The branding strategy used by
Over the past two decades store brands have grown faster than the national brands. In recent years many retailers and wholesalers have invested in the creation of their own store brands. Since the economic decline many consumers have decided to buy store brand products over national brands, the reason is that more of this consumers are more conscious over the price of an item than the brand name. Brand name products once were known as the “generic” or “no-name” brand, but with the recent growth the brand name products they are getting rid of the cheap image that they once had. Today, many store brands offers a wide variety of products and the product selection still expanding. Retailers such as Target have store brands that are rapidly growing and achieving name-brand quality.
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