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Hotel S Souvenir Shop
               SEM005
 Cheng Yee Wing, Emily 11061912D
 Cheung Ka Wing, Gloria 11025437D
 Yip Wai Ching, Leo 11099525D
 Yu Tsz Yan, Francesca 11141982D
Objectives:
Provide comprehensive and convenient service
  add value to the guests’ experience
Add promotional value to Hotel S
Missions:
Our fundamental purpose:
 give chances for the design students of PolyU
 to design the souvenirs
 to win the scholarships
Our main focus:
 gain maximum profits with lowest operational
 cost
Customers Analysis
Online souvenir shop: convenience
  - match the needs of business travellers
36% Hotel S guests: for business trips and
 meetings
>80% guests use online to do reservation
  - accept the usage of online technology
<8% guests recognize ‘HK = country of
 residence’
  - others are interested in HK culture
External Environment -
             Macroenvironment
Demographic
Trends:
  ‐ Tourists from countries of all around the world choose
    Hong Kong as their destination
  ‐ Some even chose to live in Hong Kong
Opportunities:
  ‐ Most Hotel S guests came from different countries
  ‐ Interested in a new and different culture
  ‐ Hotel S guests have great purchasing power
External Environment -
              Macroenvironment
Social-cultural
Trends:
  ‐ Concerning about quality of life
  ‐ Mice tourism becomes popular
Opportunities:
  ‐ Hotel S is a stylish hotel, helps the store to sell stylish
    products
  ‐ Hotel S has many businessmen, they have stronger
    purchasing power
Threats:
  ‐ Some people do not have much confidence on on-line
    souvenir shop
External Environment -
             Macroenvironment
Technological
 Trends:
  ‐ Developed online system
  ‐ Online shops become popular
  ‐ More companies establish webpage
Opportunities:
  ‐ Do not have to face high rental cost
  ‐ Free- assess to online souvenir shop
Threats:
  ‐ Technical problems during operation
  ‐ Losing guests’ personal information
External Environment -
           Microenvironment
1. Suppliers
 Products of the online souvenir shop are
    designed by the design students of PolyU
     opportunity to our business
     cut cost for employing designers
     unique products
 Outstanding designs
     awarded with scholarships
     selected to make mass production
External Environment -
            Microenvironment
2. Publics
Opportunities
  ‐ Hotel S is gaining its reputation
     →has got several prizes in the hotel industry
  ‐ Recognized in TripAdvisor's Traveler's Choice Awards
     →more customers would be interested in staying at
      Hotel S
     →increase the possibility of buying our online
      product
External Environment -
             Microenvironment
3. Customers
People or organizations purchase a company’s goods and
 services
Business and meeting :36% of the main purpose of trips (29
 Apr - 31 Oct 2011)
 second highest
Opportunities
 Our target customers are business travelers
 Rush
 More convenient for them
    - an online souvenir shop
    - trolleys selling souvenirs
    - leaflets
    - a display cupboard
 Highly increase the convenience for guests
External Environment -
             Microenvironment
4. Competitors
Both opportunities and threats to our business
Opportunities
 i. Webpage - get all information (price & materials)
     lot more convenient
 ii. Trolleys - selling the souvenirs
 iii. Displaying cupboard
     give understandings on what the real products are
Threats
 Without a physical shop
   →no sales to sell the products
   →customers cannot enjoy a face-to-face buying
      experience
Competitive Analysis

Make sure our souvenir shop gian more
 market share and high reputation
product form competition
product category competition
general competition
Product form competition
Choose an online souvenir shop: W Hotel
Online product + high reputation
Strengths: 1) high reputation
             2) diversifaction of product
             3) advertisement
Weakness: Only show the price in US dollar
Competitive advantage of Hotel S: not only
 fashionable but also innovative+ uniqueness
 ( co-operation with PolyU design student )
Product category competition
Similar product: business, innovative, HK
 charactristic product
HK gift shop, gift shop at Avenue of Stat and
 Peak, Log-On
Strengths: high accessibilty, famous attraction,
 high reputation brings confidence
Threat: high rental cost in HK
Competitive advantages of our online-shop:
 Mix business style, HK style to create an
 innovative product
Competitors
General Competition
Shops in Harbour City
Reason for choosing Harbour City:
   • Largest shopping zone in Hong Kong
     enormous scale
   • Convenient location to Hotel S
      attract our hotel guests to purchase their
products
        - MaBelle and Links of London (Jewelries & accessories)
        - Cartier (Watches)
Competitive advantage of our online
           souvenir shop
Habour City
 takes relatively longer time for tourists to
  shop all over the shopping zone.
Online souvenir shop of Hotel S
 the well-organized webpage
 uniqueness and special designs
Product
Two types of products
 1. Innovative Products
 2. Hong Kong characteristic souvenir
            Innovative Product                  Product with HK characteristics
USB Flash Drive                            Printed T-shirt
-with special appearance                   -with HK related words or pictures
Pen                                        Pillowcase & Bed Sheet
-with special appearance or multi-usage    -with HK related words or pictures
Office Stationary                          Bottle & Mug
-e.g. special shape memo pad/ calculator   -modern-feel shape with HK related
                                            words or pictures
Computer Product                           Ornament
-e.g. special shape mouse                  -HK building/attraction
Smart Phone Case
-with fancy shiny stone
Product
Trend: Adopting a more active role in the
 protection, preservation and conservation of
 the environment
  →green product: attractive
Using Environmental friendly material
  -e.g. bio-degradable/recyclable plastic
        recycle paper
Product
∵Sell some unique products
Launching a competition for the students of
 PolyU School of Design
Students: Win Scholarship
Our Shop: Gain Unique Design
           → Competitiveness↑
Price
Set middle to relatively higher than the
 market
Sell premium products and services
Two pricing strategy:
Competition-based Pricing
Price-bundle Pricing
Competition-based Pricing
• Customers would compare the price and value
• Do research on the price level on competitor
• cannot set the price which diverges from
  other competitors
• Can maximize the profit

        Product-bundle pricing
• Our hotel guests can enjoy the discount to buy
  our souvenirs
Place

Delivery
Hotel S guests
  ‐ Room delivery service
  ‐ Can specify the time of receiving the products
Not Hotel S guests
  ‐ Pay extra money for the delivery charge
  ‐ Depend on the distance between the products
    receiving countries and Hong Kong
Place

Display Cabinet
Place a display cabinet showing our real
 products in the front desk counter
Draw guests’ attention and raise their
 interested
Increase the chance of surfing on our website
Place

Trolley Service
Tackle the problem of guests can not see the
 real products
If the guests needed, our staff would show
 the product trolley to their room and see the
 real products
Promotion
1. Pop-up advertisements in Hotel S homepage
hotel website: 41% of the reservation
  channels
  placing advertisements on Hotel S website
  will be an effective way
  Advertisements will pop up on the hotel
  website
  more efficient than just placing the
  advertisements on the hotel website
Promotion
2. Sales promotion by Front Desk staffs
front desks staffs
  - distribute promotion leaflets
  - sell and promote the online souvenir shop
display cabinet located near the front desk
  guests are able to have a quick look of the
  products
recycle paper
  wish not to damage the environment due to
  the paper used for printing
Promotion
3. Discounts
4. Direct mails
Direct mails will be sent to the guests who have made
   reservation
    →more specific to our target customers

5. Television in hotel room
A program specialized in the television of the guestrooms
    →advertisements or short video
    →providing information and promoting the online
      souvenir shop
No paper leaflets
   Because of environmental reasons
Marketing Budget
  Expenses For Opening       Monthly Expenses
  Webpage Design($2000)            Server($468)
  Video Clip Design($1000)       Product($4000)
    Scholarship($60000)          Salaries($18600)
   Copyright Fee($14945)          Leaflets($300)
       Trolley($3900)
       Cabinet($700)


Total for 1 year : ~HKD360,000
Marketing Budget
                                 Estimated Sales Revenue

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         1st   2nd   3rd   4th      5th   6th   7th   8th   9th   10th   11th   12th




 Aim T    Gaining huge profits
      R Adding value for customers’ experience
 - Keeping 3-4% revenues growth rate each month
   Total for 1 year : ~HKD430,000
Marketing Control

*Sales Analysis
Measure month-to-month percentage growth
 of sales and hotel guests to buy
3-4% sales growth
At least 10% hotel guests buy our product
Marketing Control
*Feedback from Customers Satisfaction survey
Measure the degree of share of mind and heart
Conduct an online questionnaire
Offer coupons and gifts to encourage customers
  to do the survey
Set the target: 80% customers are satisfied
Marketing Control
   Actions to deal with when targets
             cannot be met
Put more emphasis on promotion
Set a Facebook Fans page
  Deliver updated information of the product
  Increase the growth rate back to our
standard level
SEM005 Souvenir Shop

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SEM005 Souvenir Shop

  • 1. Hotel S Souvenir Shop SEM005 Cheng Yee Wing, Emily 11061912D Cheung Ka Wing, Gloria 11025437D Yip Wai Ching, Leo 11099525D Yu Tsz Yan, Francesca 11141982D
  • 2. Objectives: Provide comprehensive and convenient service  add value to the guests’ experience Add promotional value to Hotel S Missions: Our fundamental purpose: give chances for the design students of PolyU to design the souvenirs to win the scholarships Our main focus: gain maximum profits with lowest operational cost
  • 3. Customers Analysis Online souvenir shop: convenience - match the needs of business travellers 36% Hotel S guests: for business trips and meetings >80% guests use online to do reservation - accept the usage of online technology <8% guests recognize ‘HK = country of residence’ - others are interested in HK culture
  • 4. External Environment - Macroenvironment Demographic Trends: ‐ Tourists from countries of all around the world choose Hong Kong as their destination ‐ Some even chose to live in Hong Kong Opportunities: ‐ Most Hotel S guests came from different countries ‐ Interested in a new and different culture ‐ Hotel S guests have great purchasing power
  • 5. External Environment - Macroenvironment Social-cultural Trends: ‐ Concerning about quality of life ‐ Mice tourism becomes popular Opportunities: ‐ Hotel S is a stylish hotel, helps the store to sell stylish products ‐ Hotel S has many businessmen, they have stronger purchasing power Threats: ‐ Some people do not have much confidence on on-line souvenir shop
  • 6. External Environment - Macroenvironment Technological  Trends: ‐ Developed online system ‐ Online shops become popular ‐ More companies establish webpage Opportunities: ‐ Do not have to face high rental cost ‐ Free- assess to online souvenir shop Threats: ‐ Technical problems during operation ‐ Losing guests’ personal information
  • 7. External Environment - Microenvironment 1. Suppliers  Products of the online souvenir shop are designed by the design students of PolyU  opportunity to our business  cut cost for employing designers  unique products  Outstanding designs  awarded with scholarships  selected to make mass production
  • 8. External Environment - Microenvironment 2. Publics Opportunities ‐ Hotel S is gaining its reputation →has got several prizes in the hotel industry ‐ Recognized in TripAdvisor's Traveler's Choice Awards →more customers would be interested in staying at Hotel S →increase the possibility of buying our online product
  • 9. External Environment - Microenvironment 3. Customers People or organizations purchase a company’s goods and services Business and meeting :36% of the main purpose of trips (29 Apr - 31 Oct 2011) second highest Opportunities Our target customers are business travelers Rush More convenient for them - an online souvenir shop - trolleys selling souvenirs - leaflets - a display cupboard Highly increase the convenience for guests
  • 10. External Environment - Microenvironment 4. Competitors Both opportunities and threats to our business Opportunities i. Webpage - get all information (price & materials) lot more convenient ii. Trolleys - selling the souvenirs iii. Displaying cupboard give understandings on what the real products are Threats Without a physical shop →no sales to sell the products →customers cannot enjoy a face-to-face buying experience
  • 11. Competitive Analysis Make sure our souvenir shop gian more market share and high reputation product form competition product category competition general competition
  • 12. Product form competition Choose an online souvenir shop: W Hotel Online product + high reputation Strengths: 1) high reputation 2) diversifaction of product 3) advertisement Weakness: Only show the price in US dollar Competitive advantage of Hotel S: not only fashionable but also innovative+ uniqueness ( co-operation with PolyU design student )
  • 13. Product category competition Similar product: business, innovative, HK charactristic product HK gift shop, gift shop at Avenue of Stat and Peak, Log-On Strengths: high accessibilty, famous attraction, high reputation brings confidence Threat: high rental cost in HK Competitive advantages of our online-shop: Mix business style, HK style to create an innovative product
  • 14. Competitors General Competition Shops in Harbour City Reason for choosing Harbour City: • Largest shopping zone in Hong Kong enormous scale • Convenient location to Hotel S attract our hotel guests to purchase their products - MaBelle and Links of London (Jewelries & accessories) - Cartier (Watches)
  • 15. Competitive advantage of our online souvenir shop Habour City takes relatively longer time for tourists to shop all over the shopping zone. Online souvenir shop of Hotel S the well-organized webpage uniqueness and special designs
  • 16. Product Two types of products 1. Innovative Products 2. Hong Kong characteristic souvenir Innovative Product Product with HK characteristics USB Flash Drive Printed T-shirt -with special appearance -with HK related words or pictures Pen Pillowcase & Bed Sheet -with special appearance or multi-usage -with HK related words or pictures Office Stationary Bottle & Mug -e.g. special shape memo pad/ calculator -modern-feel shape with HK related words or pictures Computer Product Ornament -e.g. special shape mouse -HK building/attraction Smart Phone Case -with fancy shiny stone
  • 17. Product Trend: Adopting a more active role in the protection, preservation and conservation of the environment →green product: attractive Using Environmental friendly material -e.g. bio-degradable/recyclable plastic recycle paper
  • 18. Product ∵Sell some unique products Launching a competition for the students of PolyU School of Design Students: Win Scholarship Our Shop: Gain Unique Design → Competitiveness↑
  • 19. Price Set middle to relatively higher than the market Sell premium products and services Two pricing strategy: Competition-based Pricing Price-bundle Pricing
  • 20. Competition-based Pricing • Customers would compare the price and value • Do research on the price level on competitor • cannot set the price which diverges from other competitors • Can maximize the profit Product-bundle pricing • Our hotel guests can enjoy the discount to buy our souvenirs
  • 21. Place Delivery Hotel S guests ‐ Room delivery service ‐ Can specify the time of receiving the products Not Hotel S guests ‐ Pay extra money for the delivery charge ‐ Depend on the distance between the products receiving countries and Hong Kong
  • 22. Place Display Cabinet Place a display cabinet showing our real products in the front desk counter Draw guests’ attention and raise their interested Increase the chance of surfing on our website
  • 23. Place Trolley Service Tackle the problem of guests can not see the real products If the guests needed, our staff would show the product trolley to their room and see the real products
  • 24. Promotion 1. Pop-up advertisements in Hotel S homepage hotel website: 41% of the reservation channels placing advertisements on Hotel S website will be an effective way Advertisements will pop up on the hotel website more efficient than just placing the advertisements on the hotel website
  • 25. Promotion 2. Sales promotion by Front Desk staffs front desks staffs - distribute promotion leaflets - sell and promote the online souvenir shop display cabinet located near the front desk guests are able to have a quick look of the products recycle paper wish not to damage the environment due to the paper used for printing
  • 26. Promotion 3. Discounts 4. Direct mails Direct mails will be sent to the guests who have made reservation →more specific to our target customers 5. Television in hotel room A program specialized in the television of the guestrooms →advertisements or short video →providing information and promoting the online souvenir shop No paper leaflets Because of environmental reasons
  • 27. Marketing Budget Expenses For Opening Monthly Expenses Webpage Design($2000) Server($468) Video Clip Design($1000) Product($4000) Scholarship($60000) Salaries($18600) Copyright Fee($14945) Leaflets($300) Trolley($3900) Cabinet($700) Total for 1 year : ~HKD360,000
  • 28. Marketing Budget Estimated Sales Revenue /通用格式 /通用格式 /通用格式 /通用格式 /通用格式 /通用格式 /通用格式 /通用格式 /通用格式 /通用格式 1st 2nd 3rd 4th 5th 6th 7th 8th 9th 10th 11th 12th  Aim T Gaining huge profits R Adding value for customers’ experience - Keeping 3-4% revenues growth rate each month Total for 1 year : ~HKD430,000
  • 29. Marketing Control *Sales Analysis Measure month-to-month percentage growth of sales and hotel guests to buy 3-4% sales growth At least 10% hotel guests buy our product
  • 30. Marketing Control *Feedback from Customers Satisfaction survey Measure the degree of share of mind and heart Conduct an online questionnaire Offer coupons and gifts to encourage customers to do the survey Set the target: 80% customers are satisfied
  • 31. Marketing Control Actions to deal with when targets cannot be met Put more emphasis on promotion Set a Facebook Fans page Deliver updated information of the product Increase the growth rate back to our standard level