STRATEGIC MARKETING PLANPatricia ArenasFai CharoonsriShirley HoDuyguHostanKatharina RulandYu TippayasantiMKT 343Summer 2010
AGENDAShirleyTrish and KatharinaFaiDuyguYuiiTrishKatharinaShirley
STRATEGIC MARKETING PLAN
MISSION & BACKGROUNDRoyal Caribbean Mission StatementWe always provide service with a friendly greeting and a smile. We anticipate the needs of our customers. We make all efforts to exceed our customers' expectations. We take ownership of any problem that is brought to our attention. We engage in conduct that enhances our corporate reputation and employee morale. We are committed to act in the highest ethical manner and respect the rights and dignity of others. We are loyal to Royal Caribbean and Celebrity and strive for continuous improvement in everything we do.(Royal Caribbean, 2010)
MISSION & BACKGROUNDVision and ValuesOur vision is to empower and enable our Employees To deliver the best vacation experience for our Guest, thereby generating superior returns for our Shareholders and enhancing the well-being of our Communities.
PROPOSED PROJECTCHINESE COASTAL CRUISELINEDalianTianjinQingdaoShanghaiFuzhouShenzhenXiamenZhanjiangSanya
Situational Analysis
China’s Tourism industryRanked 4th among the top ten destinations in the world
53 million visitors in 2008
Accelerated infrastructure development
Government support and foreign investment$5.4B in tourism$205 billion13% growthNet Worth (end of 2010)
China’s tourism industry
Global Cruise industry
Firm analysisStrengths	Second largest cruise company in the world
High global brand awareness
Innovative ship design
Strong relationship with distribution channel
Desirable berthing places
Expanding fleet capacityWeaknessesRising expenses because of increasing amenities, cost of fuel, food, etc.
Increased liability
Lack of revenue and fleet expansion lower ROIFirm analysisOpportunitiesExpanding cruise market in China
Increasing passenger capacity
Renovation of existing ships
Government support
Infrastructure developmentThreatsFierce competitive landscape
Economic situation negatively impacts consumer’s discretionary income
Increasing fuel prices
Travel restrictions for Chinese residents
Price competition against local direct competitorsCompetitive analysisDirect CompetitorsInternational cruise lines
River cruises
Highly competitive 			environment
High capital requirement
Infrastructure 	development = more 	competition	Indirect CompetitorsInternational hotels
Ferries
AirlinesProject concept
Current product offeringAsia3 Ports of Departure

Royal Caribbean Inc.

Editor's Notes

  • #23 Chinese locals prefer to go on holiday within their own countryHigh urban income- RMB 13,786/ per headCoastal populations have high disposable incomeDomestic tourists who do not meet the RMB capital requirement (RMB 300,000 or approximately US$44,000) are restricted from traveling outside the country