What is a Marketing Plan? A marketing plan is a document that lays out the marketing efforts of a business in an upcoming period, which is usually a year. It outlines the marketing strategy, promotional, and advertising activities planned for the period. Elements of a Marketing Plan A marketing plan will typically include the following elements: Marketing objectives of the business: The objectives should be attainable and measurable – two goals associated with SMART, which stands for Specific, Measurable, Attainable, Relevant, and Time-bound. Current business marketing positioning: An analysis of the current state of the organization concerning its marketing positioning. Market research: Detailed research about current market trends, customer needs, industry sales volumes, and expected direction. Outline of the business target market: Business target market demographics. Marketing activities: A list of any actions concerning marketing goals that are scheduled for the period
Welcome to my blog on Hospitality Marketing and Sales. This blog has been designed to provide guidelines, suggestions, tips and of course notes related to hospitality marketing. Please read the posts and prepare for the semester on HOSPITALITY SALES AND MARKETING. You may provide me the feedback on learnwithpeeyushsir@gmail.com Disclaimer : This is an academic blog for the students of service industry and hotel management in INDIA.