IMPACT OF PROMOTIONAL STRATEGY IN THE HOTEL INDUSTRY
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TITLE PAGE
IMPACT OF PROMOTIONAL STRATEGY IN THE HOTEL INDUSTRY
BY
---
EE/H2013/01430
DEPARTMENT OF ----
SCHOOL OF ---
INSTITUTE OF ---
DECEMBER,2018
APPROVAL PAGE
This is to certify that the research work, "impact of promotional strategy in the hotel industry" by ---, Reg. No. EE/H2007/01430 submitted in partial fulfillment of the requirement award of a Higher National Diploma on --- has been approved.
By
--- . ---
Supervisor Head of Department.
Signature………………. Signature……………….
……………………………….
---
External Invigilator
DEDICATION
This project is dedicated to Almighty God for his protection, kindness, strength over my life throughout the period and also to my --- for his financial support and moral care towards me.Also to my mentor --- for her academic advice she often gives to me. May Almighty God shield them from the peril of this world and bless their entire endeavour Amen.
ACKNOWLEDGEMENT
The successful completion of this project work could not have been a reality without the encouragement of my --- and other people. My immensely appreciation goes to my humble and able supervisor mr. --- for his kindness in supervising this project.
My warmest gratitude goes to my parents for their moral, spiritual and financial support throughout my study in this institution.
My appreciation goes to some of my lecturers among whom are Mr. ---, and Dr. ---. I also recognize the support of some of the staff of --- among whom are: The General Manager, Deputy General manager, the internal Auditor Mr. --- and the ---. Finally, my appreciation goes to my elder sister ---, my lovely friends mercy ---, ---, --- and many others who were quite helpful.
PROJECT DESCRIPTION: This work "impact of promotional strategy in the hotel industry" research material is a complete and well researched project material strictly for academic purposes, which has been approved by different Lecturers from different higher institutions. We made Preliminary pages, Abstract and Chapter one of "impact of promotional strategy in the hotel industry" visible for everyone, then the complete material on "impact of promotional strategy in the hotel industry" is to be ordered for. Happy viewing!!!
TABLE OF CONTENTS
Title
Approval
Dedication
Acknowledgement
Table of content
Abstract (proposal)
CHAPTER ONE
- Introduction
- Aims and objectives of the study
- Statement of research problems
- Significance of study
- Scope of the study
- Limitation of study
- Historical background of Kwara hotel
CHAPTER TWO
- Literature review
- Promotion
- Advertising
- Sales promotion
- Public relations
- Publicity
- Personal selling
Reference
CHAPTER THREE
3.0 Research methodology
3.1 Research population
3.2 Research sample
3.3 Source of data
3.4 Sampling method
CHAPTER ONE
- This chapter is intended to discuss certain vital element in marketing known as the “marketing communication mix”. The purpose of the study will be discussed. Attempts will be made to identify problems of the organization (i.e. Kwara Hotel), upon which hypothesis will be formulated to be analyzed in later chapters. The aims, objectives and significance of the study will also be discussed, and a brief historical background of the organization.
Promotion is marketing involves the designa dn communication of information about the existence, the nature and the usefulness of a business organization and or its product or service to a given market audience or the society at large. Through promotional activities an organization seeks to inform its existing and potential customers of the desirable elements or special attraction of its product. Since the large of the selling organization is intricately interwoven with its products, additionally, a business organization through promotion creates for itself the desirable impression in the minds of its customers and its community. Buyers patronize products or services because of their believes in the qualities of the product as well as, having confidence in the ability or the firm to make reliable and functional product or services.
As an economy shifted from of the relative scarcity to one comparative abundance as both the number of consumer and the number of producers grew, moreso, completion for consumer’s money intensified, a need emerged for planned, controlled marketing communications.
Over the years, the transmission of information about products to potential buyers in a manner designed to prompt positive action has grown increasingly sophisticated. We (marketers) have developed good ways to communicate. We have learned to identify and segment market. We have made intensive studies of motivation and buyers psychology or consumers behaviour. We have home to rely increasingly on marketing research as opposed to hunches. And we have come to depend on planned communications to arouse attention, stimulate interest, generate desire and motivate action. Most firm on longer operates on the principles that all you need is a “good product” sell itself. Modern marketing therefore,e calls for more than developing a good product, pricing it attractively and making it available to target customers.
Organization or marketing organization manages a complex marketing communication system. The organization communicates with its middle men, customers and public. To communicate well, organization wires advertising agencies to develop effective, sales promotions specialist to design sales incentive programmes, and public relation firm to develop their corporate image. They train their sales people to friendly helpful and persuasive. For many organizations, the question is not whether to communicate, but know how much to spend on communication and in what ways.
The goals of specific communication and in what ways may include selling more of products to existing customers, selling the product during off seasons, increasing sales by promotion new uses for the product and so on. While, some firms have money than others to spend for promotion, on firm has unlimited resources.
Therefore, each company must determine for itself which of those goals are most important and how much it can afford to spend to reach them.
1.1 STATEMENT OF RESEARCH
There is no special training or course for the staff so as to effectively promote the services the organization is rendering.
Duet to bungetary constraints the organization cannot meet the necessary requirement needed to facilitate their promotional activities.
There is no form of bonus to the staff based on their performance regarding their effort on promotional activities of the Kwara hotel.
1.2 AIMS AND OBJECTIVE OF THE STUDY
The aims and objective of this study is to research into problem affecting the promotional activities of the Kwara hotel and recommend solutions toward solving the problems. And to consider how Kwara hotel employ these strategies to promote their services so as to meet the needs of their customers. The effect of promotional activities on the organization.
1.3 SIGNIFICANCE OF THE STUDY
The significance of the study will be to provide insight into the effectiveness of the promotional strategies adopted by the organization. Also to consider the role of management of Kwara hotel, in ensuring an effective promotion of the services it’s rending of acceptable prices so as to give customer the desired level of service and satisfaction.
However, after completion of this research work, the organizations of Kwara hotel is expected to identify some basic problems and the anticipated problem that could envisage in the future time, having in mind that this research work would have provide some workable and realistic solution and also giving room for further research when necessary.
1.4 SCOPE OF THE STUDY
The research is restricted to Kwara Hotel organization at Ilorin Kwara-state.
This research work will cover the following benefit on how to make used of the promotional tools in term of advertising, Awareness, Absolute price difference, Balance strategy, broadcast advertising, chatter, competitive advantage, competive, coupon, Discourage retention strategy, marketing, marketing mixes, pricing, promotional publicity, strategy etc.
1.5 LIMITATIONS OF STUDY
The determination of sample size was one of the limitations faced by the researcher, in the process of generating relevant data for this project. However, I was able to sample quite a large number of people.
Time (lack of time) was one of the constraints but in confine myself to those points I consider very important for this research project. Moreso, getting an appointment with administrative manager dueto is official busy schedule which lead to distribution of only fifty questionnaires because my intention was to distribute up to an hundred for easy calculations.
1.6 DEFINITIONS OF TERMS
1.6.1 Advertising: Non personal promotional activities that are paid for by one or more sponsors.
1.6.1 Awareness: A means of measuring factors having to do with advertising campaigns, such as creating awareness of a new product.
1.6.3 Absolute price difference: The price difference in absolute terms as compared with the price originally charged pair to a change.
1.6.4 Balancing strategy: A marketing strategy in which the firm seeks to balance revenue cost flows to achieve desired profit and market share.
1.6.5 Broadcast advertising: Advertising is one in television or radio
1.6.6 Chatter: The promotional environment in which the buyer is presented with so many choices that is difficult for one promotion to stand out from the others.
1.6.7 Competitive advantage: An advantage that a firm can offer over a competitive firm.
1.6.8 Competitive: Organization was competing with the firm for business or the acceptance of ideas.
1.6.9 Coupon: A direct – response device used for ordering or inquiring about a product or service. Also a promotional device used to promote increase in sales through price discount or other forms of special purchase offer.
1.6.10 Discount pricing: Pricing at a discount when ordered in large qualities or under other special circumstances determined by the seller.
1.6.11 Free offer: Free items given in return for purchasing a product
1.6.12 Goodwill: An advantage that a marketer has acquired due to past performance of actions, which goes beyond the product or services sold.
1.6.13 Maintenance strategy: A strategy of maintaining firm’s position in the market.
1.6.14 Marketing retention strategy: A marketing strategy that involved holding onto market currency served
1.6.15 Marketing: the process of planning and executing the conception, pricing promotion, and distribution of ideas, goals, and services to create exchange that satisfy individual (customer or consumer) and organizational objectives.
1.6.16 Marketing mixes: The combination and amount of resources allocated by the marketing managers to product, price and promotion, known as 4ps.
1.6.17 Pricing: the action by which the cost of a product or service to the buyer is set the price structure in a particular industry.
1.6.18 Promotion: Marketing activities that involve communicating information between buyer and seller, They include advertising face to face selling sales promotion etc.
1.6.19: Publicity: A firm of promotion that is non-paid and non-personal.
1.6.20 Strategy: A specific action carried out to achieve a certain goal
1.7 PROJECT WORK ORGANISATION
The work is organized as follows: chapter one discuses the introductory part of the work, chapter two presents the literature review of the study, chapter three describes the methods applied, chapter four discusses the results of the work, chapter five summarizes the research outcomes and the recommendations.
CHAPTER TWO: The chapter one of this work has been displayed above. The complete chapter two of "impact of promotional strategy in the hotel industry" is also available. Order full work to download. Chapter two of "impact of promotional strategy in the hotel industry" consists of the literature review. In this chapter all the related work on "impact of promotional strategy in the hotel industry" was reviewed.
CHAPTER THREE: The complete chapter three of "impact of promotional strategy in the hotel industry" is available. Order full work to download. Chapter three of "impact of promotional strategy in the hotel industry" consists of the methodology. In this chapter all the method used in carrying out this work was discussed.
CHAPTER FOUR: The complete chapter four of "impact of promotional strategy in the hotel industry" is available. Order full work to download. Chapter four of "impact of promotional strategy in the hotel industry" consists of all the test conducted during the work and the result gotten after the whole work
CHAPTER FIVE: The complete chapter five of design and construction of a "impact of promotional strategy in the hotel industry" is available. Order full work to download. Chapter five of "impact of promotional strategy in the hotel industry" consist of conclusion, recommendation and references.
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