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Htm2121 Mkt pj Group C (sem006) final
1. HTM 2121
TOURISM AND HOSPITALITY MARKETING
An F&B outlet in TST East
Lau Yan Yu Yammy 11328194D
Sin Kai Ho Alan 11207071D
Tam Ho Leung Anthony 11027756D
Wong Yuk Fung Sandy 11195185D
3. Executive summary
To outline the strategies and programs used in the opening of café in TST East
To analysis External environmental
To analysis our main competitor CAFFE HABITU
To analysis the promotion channels
To calculate the cost and forecast sales
Estimate to have the payback period within 11months
4. Cafaholic
• Café located in Tsim Sha Tsui East
• theme display local brand product
e.g self- designed assesories, clothing
6. Demographic trends
(TST East)
• Size of population 320,600
• Median age 40.8
More than 70% ranges within 15-64
• Gender Female 53.4% > 46.6% Male (2010)
• Changes of population size
raised by 12.5% by 2019 (highest population growth
rate)
take up 4% of population in HK
7. Economic Trends
Steady growth of Hong Kong local Economy
*GDP of HK keeps
increasing in the
following years
Source from HK Tourism Board statistics review 2010
8. Economic Trends (cont’d)
High purchasing power of target customers
• As indicated by income level
median monthly domestic household income of Hong Kong (2010) :
$18000
• As indicated by usage of credit card
Supply
Active service providers : Standard Chartered,
HSBC
Demand
majority of Hong Kong people own credit cards
use their credit card more than once / month
9. Political Trends
licenses and regulations to operate café (required by
law)
• Basic
Office-insurance-Plan
Business Registration Certificate
• Maintaining the business under a legal condition
General Restaurant License
• Selling of general food items
Frozen Confection Factory License
• Selling of frozen items such as Ice-cream
Liquor Licensing
10. Political Trends (con’t)
Selling of alcoholic beverages
• Hazard analysis and critical control
points(HACCP)
To ensure food production procedure is
followed in established standard
Fire Safety Ordinance
• Necessary for emergency uses
• takes 8 to 10 weeks to proceed
11. SWOT Analysis
Strength
• Unique theme
• the atmosphere
Created by displaying lovely, cool and creative
local brands
Teenagers can be easily attracted
12. SWOT Analysis(con’t)
Weakness
• Financial issue
• A new and immature shop
difficult to invite considerable numbers of investors
within a short period
May have insufficient money to have further
investment
13. SWOT Analysis(con’t)
Opportunities
• lower price by comparing to other café
shop in TsimShaTsui East
e.G , CaffeHabitu
the average cost per dish of Caffe Habitu
is$111
attract more teens
• High purchasing power
Of target customers
14. SWOT Analysis(con’t)
Threats
Relatively large number of competitors
• more than 10 café shops in Tsim Sha Tsui
East
e.G Caffe Habitu
enjoying a first-mover advantage in the
local cyber-cafe market.
15. Objectives
Mission
• To operate a theme and ambience café
• To make it as a small museum
displaying local brand and self-designed fashion
products
• To promote our local brand as well as local culture
(TST East)
• To promote creative industry in Hong Kong by
increasing exposure of the local brand product.
16. Objectives (con’t)
Marketing Objective
First year operation objectives
• Create brand recognition for TST residents
Maintain a group of loyal customers
• An annual growth of sales for 10%
• An annual growth of customers for 20%
17. Target market
Market Segmentation:
• To differentiate the potential customers
• To figure out the most profitable and feasible market
segment
rivet the resource on it.
Age Highest Lowest
Demographic (Age)
preference preference
15 fatty and sugary dairy food and
food vegetable
16-24 snack-related
foods
25-34 snack-related
foods and meal-
related
Reference: (Wansink B., Cheney M. M. & Chan N., 2003)
(Census and Statistics Department, 2011)
18. Target market(con’t)
Market Targeting:
• Concentrated marketing
Target the segment range from customers aged 16-30
• Combination of the age groups 15-24 and 25-34
(share very similar preferences on food)
19. Market Positioning
Specific marketing mix programs
• Product,
• Price,
• Place ,
• Promotion
create the desired perception of the product.
provides customers with a prescribed image of the product
21. Market Positioning-
Product (cont’d)
• Services /Theme
small exhibition provide a venue for displaying some
local brands for free
• Designers
(1)designers from Hong Kong Polytechnic University
School of Design
Clothing
Accessories
(2) Maya from AVENUES Company
Shoes
Handbags
Accessories
• Ambience atmosphere
22. Market Positioning
-Price
2P Pricing Strategy
• Competition-based pricing as the pricing strategy
• Consideration of pricing method of the competitors
make sure the price competitiveness of the café towards
its competitors
set up the maximum price of similar items
23. Market Positioning
-Place
• Direct distribution
No middlemen should be involved
add a high profit margin
high Cost
Higher price reduces the price
competitiveness
25. Budgeting
Sales forecasts
With the direct observation of our major
competitors forecast
Consumer per day 60
Average consumption $ 82.25
Upon calculation,
Cafaholic can balance the revenue and
expenditure within a year
(estimated to be 10.9 months)
26. Marketing Controls
• Maintain the accomplishment of objective
differentiate Cafaholic from other café in TST East
• Ongoing controls
Maintain the effectiveness of promotion tools
• Adjustment on our strategy on promotion
changing our channel on advertisement
quit from the channel
In case promotion get out of track