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Report 1 - Introduction -Summarise the business !-Explain what you’ve been asked to do in order to achieve the company’s aim!-Explain which of the two options you’re choosing to and for what reason!-Explain the chosen marketing message and how it’ll benefit the company!-‘For this activity I have been asked to prepare a rational for … in order to … To achieve this the company will either be … I have chosen to follow the promotional strategy of … as I believe … My chosen marketing message will be to promote … as a …This will demonstrate …’!Aims & Objectives -State main aim from briefing, and a rough idea of what will need to be done to achieve it!-State a personal marketing aim for the company!-Give 3/4 SMART objectives (Specific, Measurable, Assignable, Realistic, Time bound) that relate to the business’ aim!-Using data from the case study justify the realism of the objective !-What’ll be done, why will it help, who will help, and when will it be completed !Justification (SWOT & PESTLE) -SWOT formatted in a table, 3-4 well explained points for each SWOT factor!-Each point should explain why it is a strength, weakness, opportunity or threat to the business and should be backed up from the case study!-PESTLE formatted in six short paragraphs, (Political, Economic, Social, Technological, Legal, Environmental)!-Each point should explain how it’ll affect the business and how they might react - backed up by case study !Reliability/Validity of research -Two paragraphs on the reliability/validity research you’ve used!-Reliability - are the sources based on opinion or fact? Is the sample size of the research are enough to make a judgement? How could this be improved?!-Validity - Is the research you’ve used up-to-date and relevant to the point your making!Report 2 - Introduction -Explain this section will include a full marketing plan including the budgets, timescales, and recommended strategies for the company based on the 7 P’s of marketing !Marketing Mix -Seven short paragraphs on seven recommendations for each of the 7 p’s (Product, Price, Place, Promotion, People, Physical, and Process) of the marketing mix, based on the market (size of market, target market, competitors etc), Aims and Objectives, and Marketing Message!-Also use data/evidence from case study to explain how each recommendation will help the business to achieve the objectives and convey the marketing message!-Also explain any negatives to any recommendations!Budget -Provide all costs for each activity/recommendation !-Provide costs for each months formatted within a table!Timescales -Decide on a total length of time for the business to complete the marketing plan!-Provide a Gantt chart or table to demonstrate the timescale and breakdown each activity!-Provide an explanation as to why each activity will take so long!-[Combine Gantt chart with costings for each activity too]!Conclusion -Very brief paragraph explaining as to why this marketing plan will help the business achieve its aim of generating more revenue

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Geüpload op
13 januari 2024
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2
Geschreven in
2023/2024
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College aantekeningen
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Mr o'donoghue
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Part A – Rationale

Introduction Best Rest Hotels – owns and operates several budget hotels in the UK
- Business owners want to increase market share
Marketing Aims & How are business owners going to increase market share:
Objectives (3) - Increase social media followings by 75% in set time – using TikTok and Instagram ads
- They can introduce a loyalty programme and have 1000 customers sign up to it – may
increase sales
Market Research

Size & Structure  In 2023, UK hotel market is worth around £19.8 billion and budget hotels make up
59% of this market.
 Budget hotel market is forecast to grow by 17% in the next 5 years
 Mass market
 Monopoly
Target Market  Business and leisure travellers
 Couples and families
 Tourists
 Primary research aimed at 18-42-year olds
Primary & Primary Secondary
Secondary  The largest age group was 28-32  Data collected from Travelodge
Research  Most people stay in hotels for shows that people said style,
Considerations choice and quality were priorities
leisure reasons
when booking
 73.4% of people have stayed in a  “Going Green” – McKinsey
hotel in the last 12 months reported that 76% of customers
 29.3% of people expect to pay £75- are requiring more
89 per night in a budget hotel environmentally friendly
 The 3 main factors people think are accommodation
important in budget hotels are  Customers are more likely to pay
higher nightly rates for
price, cleanliness and wi-fi access
environmentally friendly hotels
 Travelodge uses recycled and
sustainable materials and Holiday
Inn Express launched its “Green
Engage System”
Competition  The market leader is Premier Inn known as the largest hotel brand in the UK
 They focus on a wide target market – including individuals, couples, families and
business customers
 Relied on television marketing
 Launched a campaign to broaden its customer base and improve its market share
 Used 60-second television adverts with social media, print and radio advertising

 Travelodge operates 590 hotels across the UK and is the second largest hotel brand in
the country
 They advertise using social media, pop-up adverts and video advertising
Trends  Consumer trends have changed from corporate and business to focussing on leisure
for customers
 The cost of hotel rooms has increased and so cheaper options are in higher demand
 This change has led to more bookings for budget hotels in rural locations, reducing
the demand for city centre accommodation
Justification of the Campaign

SWOT S- The budget hotel market is forecast to grow by 17% in the next 5 years
€20,27
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