Preview

International Marketing - Marketing Plan for Setting Up Business in Foreign Countries

Powerful Essays
Open Document
Open Document
2395 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
International Marketing - Marketing Plan for Setting Up Business in Foreign Countries
MARKETING PLAN FOR ITC HOTELS – INTERNATIONAL MARKETING

1

ITC Hotels going global: Marketing plan for international marketing

Submitted by:

Aron Aseer Freni Thivya Remi – P10021 Madhava Prasad – P10039 K. Sivakumar – P10064 R. Veera Dhandapani – P10069

Under the guidance of

Prof. R. B. Easwaran

Loyola Institute of Business Administration, Loyola College, Chennai - 600 034, India.

MARKETING PLAN FOR ITC HOTELS – INTERNATIONAL MARKETING

2

Executive Summary: Launched on October 18, 1975, ITC Hotels, India's premier chain of luxury hotels, as a brand has become synonymous with Indian hospitality. With over 90 hotels in 67 destinations throughout India, ITC Hotels has set new standards of excellence in the hotel industry in Accommodation, Cuisine, Environment and Guest Safety. A leader in the premium hospitality segment, ITC Hotels have had the privilege of hosting world leaders, Heads of State and discerning guests from across the world and within. This is a core competitive advantage for ITC going global. Growth under Four Brands: Acknowledged as one of the finest in Indian hospitality, ITC Hotels are classified under four distinct brands. ITC Hotels - Luxury Collection are a super deluxe and premium hotels located at strategic business and leisure locations. Welcom Hotel & Sheraton Two of their Hotels have been aligned under the renowned Sheraton brand, offering warm, comforting services to the global traveler. Three Welcom Hotels are designed to cater to the discerning business and leisure traveler offering five-star hospitality. Fortune Hotels offer full service properties all over India, including smaller towns and cities, ideal for the budget traveler. WelcomHeritage brings together a chain of palaces, forts, havelis and resorts that offer a unique experience. WelcomHeritage endeavors to preserve ancient royal homes and the historical Indian grandeur and opulence for the future Indian generations. Objective: Present study analyzing the opportunities of

You May Also Find These Documents Helpful

  • Powerful Essays

    Pandey, Ashok, Poonam Nigam, Carlos R. Socool, Vanete T. Soccol, Dalel Singh, and Radjiskumar Mohan.…

    • 2769 Words
    • 12 Pages
    Powerful Essays
  • Powerful Essays

    Launching a new high-tech product, the Water Logged Company in Australia has been dealing with gardening products with good reputation in domestic market. The new product called ‘Jelly House’ is a solidified log of water that is like a clear log jelly which can be buried in the ground at the base of plants, as the ground dries out, the water log slowly breaks down liquefying as required, ensuring the plant receives the necessary water to survive. Due to the convenience of the product, the company recognises another opportunity with foreign countries. Meanwhile the ‘Jelly House’ could be welcomed for people who live in a big city without garden. From February to August 2013, we are aiming to sell 50,000 sets of ‘Jelly House’ into Seoul for the first promotion in Korea.…

    • 5660 Words
    • 23 Pages
    Powerful Essays
  • Satisfactory Essays

    IHG analysis

    • 352 Words
    • 12 Pages

    -­‐ selectivity of the brand (share's price) -­‐ tailored customer services Marketing weaknesses: With 11 different hotel brands, IHG has a wide offer of hotel standards. This may sometime be misleading for the customer whom can be lost in the multiple options offered to him. IHG has yet to diversify its activities in order to integrate the different aspect of the tourism industry. China is an important market, they haven’t opened yet their dedicated line of hotels.…

    • 352 Words
    • 12 Pages
    Satisfactory Essays
  • Satisfactory Essays

    The type of business, product or service proposed and a brief description. A brief description of the country proposed for trade, the rationale for selecting the country, identification of existing, trade barriers, identification of sources of information (research sources and interviews).…

    • 517 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    As the brand managers for a subset of Allstar Brands we are tasked with figuring out the most lucrative way we are going to enter the Latin American market in a ten-year period. We are selling Allsmile brand toothpaste, in various SKU’s to best satisfy the demand in each country. We first analyzed each country focusing on unemployment rate, poverty rate, size of population, and quality of water. After analyzing each country we decided to enter Brazil first because it has the highest population, high unemployment rate, and a moderate poverty rate for the region. We also decided to base our manufacturing plant in Brazil because there are no tariffs when producing and selling and because of its central location to other Latin American countries we are entering in the future. When we entered Brazil in years 1 and 2 we produced 3 different SKU’s, had only 1 advertisement, and sold through traditional and hypermarkets. We quickly realized we needed to advertise more and add another SKU and advertised each SKU individually.…

    • 4126 Words
    • 17 Pages
    Good Essays
  • Better Essays

    Bollman Hotels has net revenue of $100,000,000 with a 15% growth expected within the first year. A workforce of 25,000 employees with plans to increase by 20% with the expansion to India and the current employee turnover is 5%. Based on this information and the stage of their business development, they will need to enter the Indian market fiercely, but with as little interruption to the tourism industry as possible. Therefore, Bollman will have to be competitive and establish a premier hotel chain that will lure international travelers seeking the exotic, heterogeneous, and lavish experience by offering elitism while on business or pleasure (Incredible India, n.d.).…

    • 2276 Words
    • 10 Pages
    Better Essays
  • Powerful Essays

    International Marketing Plan

    • 7528 Words
    • 31 Pages

    Anti-aging, how to look younger, must be beautiful, you are not old. These are images that a woman sees on a daily basis. The magazines, Television commercials and even family will tell you that you have grey streaks or wrinkles. When did these things become bad? In an article of Psychology Today (Scarf Merrell, 1996);…

    • 7528 Words
    • 31 Pages
    Powerful Essays
  • Good Essays

    Once a company decides to expand in emerging international markets, it faces a stream of decision making sequences and marketing strategies. The criteria to select entry market exclusively depends on country infrastructure, political risk, market access and potential, shipping considerations, foreign exchange, service requirements, timing, product fit and factor cost, conditions etc.…

    • 993 Words
    • 4 Pages
    Good Essays
  • Best Essays

    The following comprehensive strategic plan focuses on the Intercontinental Hotel Group (IHG). Recommend the board of directors to adopt a diversification strategy in order to increase profitability and grow its presence in globally and emerging markets. This paper will further evaluate the company strategic direction with the mission, vision statement and corporate social responsibility. Follow with a SWOT analysis to identify the internal and external situation, financial ratios are used to determine the company's financial health. Finally, provide possible strategic alternatives with recommendation and strategic implementation plan.…

    • 3787 Words
    • 16 Pages
    Best Essays
  • Good Essays

    Volkswagen is based in Germany and has global distributors. Volkswagen produces different models of automobiles including compact, wagons, minivans, and sport utility vehicles. Team C will focus on Germany, the brand, and one specific model of vehicles, the classic Bug that has evolved into the Beetle. Learning Team C must determine the mission statement in regard to what the objectives are in marketing the Beetle internationally. Team C must determine what marketing techniques could be applied to the international marketing plan and what objectives will need to be addressed when marketing the Beetle internationally.…

    • 835 Words
    • 4 Pages
    Good Essays
  • Better Essays

    Embassy Group Case Study

    • 1081 Words
    • 5 Pages

    Dedicated to the concept of customised luxury since its inception in the Sixties, the Four Seasons Group under the leadership of Chairman Isadore Sharp, has transformed the hospitality industry by combining innovation and superior design with the deeply instilled ethic of intuitive service. While the company owns some of the world’s finest hotels and resorts, it is also known for its exclusive brand of private residences. Operating 34 projects across 18 countries, the Four Seasons group partnered with Embassy, and India’s first-ever Four Seasons Private Residences was born at Embassy…

    • 1081 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Itc's Ge Matrix

    • 1465 Words
    • 6 Pages

    • Their brands ITC Hotel, Welcome Hotel, Fortune and Welcome Heritage, which spans luxury to mid-market segments, have been on a growth trajectory in recent months. They have leveraged the unique advantages that India offers in terms of diversity and heritage.…

    • 1465 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    Please choose a country that you have some interest in and would like to develop in-depth knowledge. There are only three restrictions in the selection of a country: 1) you must study a country other than your own, 2) two groups cannot select the same country, and 3) you cannot study the United States. You can select countries ranging from the most economically developed to most recent developing nations. You must have a country selected by week 3.…

    • 1260 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    Cdm Mechanism

    • 3191 Words
    • 13 Pages

    PRESENTED BY GROUP – 13 PANKHURI NEB – P111034 VEDIUM VASANTH – P111053 VIJAY ABILASH – P111024 ANKUSH CHADDHA – P111003…

    • 3191 Words
    • 13 Pages
    Satisfactory Essays
  • Powerful Essays

    (a) That the work presented for assessment in this Summer Internship Report is my own, that it has not previously been presented for another assessment and that my debts (for words, data, arguments and ideas) have been appropriately acknowledged…

    • 7797 Words
    • 32 Pages
    Powerful Essays

Related Topics