Manual on elective iii - hospitality marketing
Manual on elective iii - hospitality marketing
Manual on elective iii - hospitality marketing
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Hospitality Marketing<br />
C<strong>on</strong>cluding example: Let’s take a look at the various influences that may affect the<br />
purchase meeting space by IBM for its sales meetings:<br />
a) A slow down in the ec<strong>on</strong>omy, which could be translated to less computer sales<br />
may<br />
cause IBM to tighten its travel expenses to help maintain profitability (ec<strong>on</strong>omic<br />
envir<strong>on</strong>mental factors).<br />
b) The customary three-day sales meetings of IBM that close with a dinner banquet<br />
allow hotel sales people to promote its specialty banquet to the company<br />
(organizati<strong>on</strong>al factors).<br />
c) The hotel sales pers<strong>on</strong> who is rude to the recepti<strong>on</strong>ist of the IBM may be blocked<br />
by the recepti<strong>on</strong>ist from c<strong>on</strong>tacting the decisi<strong>on</strong> maker of the sales meetings<br />
(interpers<strong>on</strong>al factors).<br />
d) A detailed-oriented meeting planner of IBM who is new to his job may prefer the<br />
hotel sales pers<strong>on</strong> to talk him through the entire process (individual factors).<br />
As compared to the c<strong>on</strong>sumer market, the buying process of the business market tends<br />
to be more formalized and complex since it involves more participants. Keep in mind<br />
that the final users of the <strong>hospitality</strong> products and services may not be the same<br />
pers<strong>on</strong>s who have the authority to select the <strong>hospitality</strong> organizati<strong>on</strong>s and arrange the<br />
terms of purchase, or have the final say <strong>on</strong> the purchases. Therefore, it is important for<br />
<strong>hospitality</strong> marketers specializing <strong>on</strong> group businesses to understand who these<br />
participants are and their specific roles in the buying process.<br />
As menti<strong>on</strong>ed above, the organizati<strong>on</strong>al purchase decisi<strong>on</strong>-making process is slightly<br />
different from the c<strong>on</strong>sumer market; the process is more complicated and it requires<br />
more professi<strong>on</strong>al effort. Table 6 and Figure 5 illustrate this process using a scenario<br />
where a company intends to provide a series of training for its sales pers<strong>on</strong>s in a hotel.<br />
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