Study

EFT3- Marketing mix

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  • in the past: sold through travel agents – travellers received an envelope full of documents such as a letter of confirmation, flight tickets and hotel vouchers • now: actual physical location is not so important
    Place
  • the work of a waitress or bar staff serving a customer or the job of housekeeping
    intangible
  • offering discounts, promotional codes and loyalty programmes, e.g. airmiles
    sales promotions
  • a hotel room or airline seat after the specified date
    perishable
  • the price needs to be slightly cheaper or more or less the same as the price charged by the nearest competitor offering a similar product or service
    Price: competition
  • the actual food and drink served in a hotel restaurant
    tangible:
  • perceived benefits must be greater than the costs
    Price: Value for money
  • direct mail, websites, advertisements on TV and in the press, telemarketing, point-of-sale material (tour operator brochures)
    Promotion: • direct marketing