Introduction
Nowadays in Hospitality Industry creation of loyalty program is the key to retain customers and to demonstrate customers that they can trust in companies’ services and products available to consume and to make customers to want to continue stay with that company continually. Loyalty programs it is also useful method to bond the relationship between organisations and customers. Different organizations establish different programs according to their size, competitors, location. Whatever program the company use its must be efficient in order to achieve the goals. Some hotel use programs where guests earn points by staying or expending within hotel can be exchange to a room or other benefits such as discount, especial treatment, use of extra facilities or room upgrade to convince the guest’s t of paying new visit to hotel. Recognition program plays an important role towards company, helping company to find what guests’ preferences and enhance performance.
O’Shaughnessy, J. (19988) argued that sales promotion is a tool used to stimulate consumers in buying products or using services. Furthermore it is relevant to give an incentive to consumers sometimes in buying service because once they try it, they return again. These recognition programs play an important role towards company where they can find what guests’ preferences are and recorded so brand will be able to utilize this information to enhance future visits In addition Jagdish N. Sheth and Rajendra S. Sisodia (2012) stated that the four As theory (Acceptability, Awareness, Affordability and Availability) are crucial to evaluate if the products offered by companies meets and exceed the expectations of customers. Also to now the value of money that customers are willing to pay for services and products. According to Banks, C. J (2012) when creating brand loyalty must be bounded firstly between employee and employer and secondly between staff and clients. Company need to take care of employees, training and knowledge policies and procedures as well the brand culture. Employees take care of the guests, forming a lasting brand loyalty between all involved parties.
Marriot and Hilton rewards Marriot | HHonors | First time Members get 50,000 bonus points | Quick reservations and check-ins based on your room preferences | Instant redemption, e.g. client can have free night | Credit Cards | Anniversary Free Night Stay E-Certificate when is customer anniversary (first time free) | Spouse stays free | Customers earn Elite night credit for each $3,000 in net purchases. | Elite club | Your preferences remembered | Online & Mobile Phone Services | No blackout dates | No blackout dates | Promotion Central | Exchange Miles for Points or Purchase Points | Dedicated Customer Service line and E-folio | Car & Rail Travel | Member Exclusive Offers | Hotel rate discounts and partner offers | Priority check-in | Shopping | Late check-out | Express check-out | Marriott strategically applies the annual fees just after the first year, because they intend to gain e great volume of customer as possible, just in the first year they make it attractive and free but after they start charging customers. In the beginning it is possible gain customers but may lose them if customers discovered that there are numbers of advantage as it seemed to be when they make the offer. Also both of hotels prioritize members when they are doing check-in, it is an excellent benefit for customers whom arrive late for their check-in and want to have everything sorted as quickly as possible Marriott to have some extra advantages than Hilton, such as customers helpline, anniversary free stay for client, this can be an advantage for Marriot when trying to persuade first time customers because they may thing that there are more benefits if they stay with Marriot than other hotel. In my opinion Hilton
Expert Systems with Applications 31 (2006) 101–107 www.elsevier.com/locate/eswa Customer segmentation and strategy development based on customer lifetime value: A case study Su-Yeon Kim a, Tae-Soo Jung b, Eui-Ho Suh c, Hyun-Seok Hwang d,* b a School of Computer and Information Technology, Daegu University, 15 Naeri, Jinryang, Gyeongsan, Gyeongbuk 712-714, South Korea Department of Management Strategy, Samsung Economic Research Institute, 191 Hangangro 2-ga, Youngsan-gu, Seoul 140-722…
is marketing: Marketing is managing profitable customer relationship. The twofold goal of marketing is to attract new customer by promising superior value and to keep and grow current customers by delivering satisfaction. Marketing is the process by which companies create value for customer and build strong customer relationship in order to capture value from customer in return. The Marketing Process 1) Understand the marketplace and customer needs and wants. 2) Design a customer driven…
mobile service is a pet salon on wheels, offering customers in the Fairfield County an “at home” grooming and bathing service for their dogs and cats. On our self-sufficient van, we will groom the pets, including: bathing, chipping, nail trimming, ear cleaning, scissors styling, and fluff drying. We will also do health checking on the pets. The objective of our website is to introduce our services, post our contact information, and allow customers to book an appointment by filling out a form in…
It is agreed by many scholars that the concept of marketing was originally brought up around the time when industrial revolution took place. (Elvy, 1991; Evans & Berman, 1994) However, the definitions of marketing varied from time to time. ) People still get confused by the term “marketing” nowadays thinking it is only about advertising and selling the product, however it is actually a broad term that involves not only advertisement but also many other activities for instance, market research, media…
Study Guide Marketing: the activity for creating and delivering offerings that benefit the organization, its stakeholders, and society For marketing to occur you need: two or more parties with unsatisfied needs, a desire and ability on their part to be satisfied, a way for parties to communicate, and something to exchange TO SERVE BOTH BUYERS AND SELLERS, and achieving the marketing objectives EXCHANGE must happen: trade of things of value b/w a buyer and a seller so that each is better…
based on the study of “Customer Value Marketing” starts with introduction section. We have mentioned the contents of the study in objectives of the report section. The methodology section deals with the means of preparation of this report and the processes that we have followed. Then the report describes the theoretical aspects of the study in the literature review. This section mainly consists of brief description about different important topics about customer value marketing. Finally in the last…
Dealing with customers is not easy and require attention because they are or main concern when we own a business that sell goods or service. By knowing the law regarding customer rights put organisation in a better position if companies face any problem occur with customers by knowing the law that protect customers we protect our business and keep customer satisfaction. Been positive and having the right approach the company will always benefit. Customer’s right: * Sale of goods act this act…
of the marketing process is that the companies must fully understand customers’ needs, wants and demands, and then they provide the customers with the method of satisfaction. Sometimes maybe the customers do not really want to buy the products, but the companies use the marketing to make people puzzle. Such as undertakes a large-scale selling and promotion effort. Apply the concept 1. Delivery superior customer value and satisfaction are the most important thing in manage the customer relationship…
strong many small supplier weak. Threat of new entrants.-low, high investment costs, difficult to raise capital. Rivalry: High. High barrier to entry, high costs [pic] [pic] Webcast two: Marketing Motivation drives our behaviour, when we are interested at a item, we would purchased it. Marketing tries to increase the involvement because when involvement is high, consumer is interested about a product, when low, not really interested. Manufacturer pay for their products to be placed on…
Marketing and Advertisement: ConAgra has been criticized by investors for its lack of branding power for a long time. Now it has redesigned its logo (a plate with a smile and a spoon) and is focusing on getting better shelf space at retailers. In order to push its new products, the company has been offering coupons and staging other promotions. ConAgra has increased 33%, or $27 million, on advertisement and promotion expense in its third quarter of the current fiscal year. ConAgra doesn’t spend its…