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HTM 2121
TOURISM AND
MARKETING

SEM002
Group C
LAU Ellen 11302520D

Mak Ka Tik, Roy 11317559D

Ng Wing Chung, Witty 11367431D

Wang Huihan, Freda 10834481D

Zhang Xi yue, Everlyn 10813412D
Today’s presentation
External environmental analysis

Opportunities and threats

Competitor analysis

Objective

Target market

Marketing Mix strategies and programs (4Ps)

Implementation Milestone

Marketing Budget

Marketing controls
External environment analysis
Demographic trends

 Chinese   females travel consumption
 amount

 Growth   rate of household consumption in
 China

 Salesof premium chocolate      129% in
 past 5 years
Ecological tends
Sustainable chocolate production trend

 Utilize  organic cocoas
  -little pollution
  -Ensured qualities
Technological trends
   Health-conscious consuming trend
   New technology to produce
       reduced-fat & fat-free chocolate items

    Multi use trend
   Innovative technology to produce
     chocolate cocktails
     chocolate cosmic
     chocolate hotpots
Political-legal trends
 Issue:   Use of child labor and slaves in cocoa
  farms

e.g.15,000 children were working
in the chocolate farms of Cote d'Ivoire

 Establishment    of a industry-wide labor
  standards
 System for monitoring the industry
Social-cultural trends
 Double side trends:
 Criticism:
 high-fat milk chocolates – threaten health

Popularity :
contain antioxidant flavones- associated health
 benefits

  Pursuit for ‘healthy chocolates’
-Low fat
-Nutritious
-Organic
Opportunities and Threats
Opportunities
   Satisfaction for ‘diet ’ trend
-   Low fat and calories

 Satisfaction for ‘healthy and fit’ trend
- Organic materials with rich nutrition

   Best choice as souvenirs
-   Hong Kong as an attractive tourism destination
-   Specialty of Hong Kong-Chinese chocolate brand

   Cooperation with hotel chains
-   Special promotional tool
-   Concentration on target market
Threats
 Competition    from other matured
   companies (e.g. Godiva)
    Existing market share       Loss of potential
    Recognizable brand          customers

    Powerful promotion
 Imitation of brand concept
 - ‘Organic and Diet chocolate’
- Diminishing uniqueness
Competitor analysis
A  new market
 Current Competitor
 Godiva ( similar image and services
  at similar prices)
Competitor analysis
PRODUCT
 -Two production methods (enrobing and shell-
 molding )
 -Made by fine chocolate and high quality
 ingredients
 -Two types of chocolates: Gold collection and
 Piece by Piece

 PLACE
 -15 stores in Hong Kong
 -Luxury product shopping mall
Competitor analysis
   PRICE
   Piece-by-Piece: HK$140 per 100gm.
   Gold Collection 8/15pcs: HK$150/$280
   Gold Collection 25/32pcs: HK$450/$580.

   PROMOTION
 Cooperate    with Town gas Cooking
    Centre Chocolates School for making
    chocolates class.
Competitor analysis
   Strength
   High quality product
   Global brand
   Leader
   Complete sales net in the worldwide

   Weakness
   Godiva chocolate’s price set on a high level
Competitor analysis
 Opportunities
 Luxury image and positive brand name
 Close interaction between Hong Kong
  and Mainland China

 Threats
 Keen  competition
 E.G: Agnes B operated its own chocolate
  shop these years.
Our Objectives...

 To   become a famous brand in Hong Kong

 5%   Market share in Hong Kong market
Market share of choclatiers in
                  China



         30%                              Foreign
                                          chocolate
                                          brands
                          70%             Local




According to Marbury (2009), foreign chocolate brands
have captured 70% of the Chinese chocolate market.
Become a famous brand
          HOW?
    A high quality
     materials
    Well-planned strategy
    An environmental
     friendly way and
     sustainable
     development policy
    High quality
Target customer
 Mainland   traveler in Hong Kong
 aged 26-45
 Financially independent
Target customers analysis
 Chinese traveler is a big group of
  potential customers
 High demand of product and purchasing
  power
 Our product can satisfy their wants
    Healthy
    Psychology
    Purchase pattern
Marketing Mix strategies and
programs (4Ps)
 Positioning
 Mainland female traveler in Hong Kong
  aged 26-47
 Luxury brand
 Main competitor - Godiva
 Trailer made chocolate for Mainland
  female
 Hong Kong based company
 Cater cultural need
Marketing Mix strategies and
programs (4Ps)
 Products
 French   woman
 Sophisticated
 Independent
 Stylish and modern
Marketing Mix strategies and
programs (4Ps)
 Products
 AUSTRALIAN VITAMINS
 CSR
 Organic cocoa bean


   low-fat ingredient
Marketing Mix strategies and
programs (4Ps)




   Chocolate bar
                   Chocolate Gift box
Marketing Mix strategies and
programs (4Ps)
 Seasonal   design
Marketing Mix strategies and
programs (4Ps)
 Price

          Femme
 Godiva
          Moderne
Marketing Mix strategies and
programs (4Ps)
 Place
 Business and leisure
 5 stars chain hotels
Marketing Mix strategies and
programs (4Ps)
 Promotion
 Free  chocolate desert for the hotel
  restaurant
 Hotel staff promote our chocolate
 Free chocolate gifts for hotel guests on
  their birthday
Sales forecast
(Unit=1,000 HKD)




 Cost will exceed sales in the first
 year
 Profitable in long term
(Unit=1 HKD)
Marketing controls

   Questionnaire
Marketing controls
Corrective        actions
   Services
   Ensuring staff quality meets standard
   Lessons for improving service attitude
   Food
   Consider another cocoa supplier to enhance
    higher quality
   Develop more products that can attract
    different customers
Marketing controls
   Corrective Actions

   Promotion
   Decreasing the budget of the least effective
    channel.
   Cut the budget of the most effectiveness
    promotion channel and uses it to other new
    channels in order to test the market.
   Remain one or two highest effective channels
    instead of multi channels if the promotion cost
    could not provide expected sales.
Reference
Australian Vitamins. (n.d.). Cacao Beans: Raw Organic. In Australian
Vitamins.
Retrieved Mar 7, 2012, from
http://www.australianvitamins.com/products/view/908.Price.

China.com. (2006). 中國女性生活狀態報告. In China.com. Retrieved
2006, from
http://big5.china.com.cn/info/zhuanti/nxsh/node_7003138.htm.

Godiva. (n.d.). Godiva Chocolatier. Retrieved March 8, 2012, from
http://www.godiva.com.hk/

HIGHBEAM BUSINESS. (2011). Chocolate and Cocoa Products market.
In HIGHBEAM BUSINESS. Retrieved March 8, 2012, from
http://business.highbeam.com/industry-reports/food/chocolate-
cocoa-products
Reference
HKTB. (2010). Visitor arrival statistic. In HKTB . Retrieved 2010, from
http://tw.partnernet.hktb.com/pnweb/jsp/comm/index.jsp?pageContent=%2Fjsp
%2Frso%2Frso_pub.jsp&charset=b5.

In N Marbury (Chair)(2009). Paper presented at Godiva brand brief.

H.Smith. (1935). 中國人的性格. In angelfire. Retrieved 2010, from
http://www.angelfire.com/hi/hayashi/xinge.html.

Karyu Realty Ltd. (n.d). Retrieved March 21,2012, from
http://smeitrade.com/showroom/model/T0126/templateCategoryProductList.do
?ParentId=1326965323672000479&webId=1318559973524012836&editCurrentLan
guage=1318559973556012837.

Leanne, M. (2011). Top 10 Luxury Chocolatiers. In The Asia City Network. Retrieved
March 21,2012, from
http://hk.asia-city.com/restaurants/article/top-10-luxury-chocolatiers.
Reference
National Bureau of Statistics of China.Retrieved March 8, 2012, from
http://www.stats.gov.cn/

Net MBA Business knowledge Center. (n.d.). The Marketing Mix (The 4 P's of
Marketing). In Net MBA.Retrieved Mar 7, 2012, from
http://www.netmba.com/marketing/mix/


Qunar. (2010).女性旅遊報告趨勢. In Qunar. Retrieved 2010, from
http://hot.qunar.com/download/2010womentravelreport.pdf.
The Epoch Times. (2005). 中國女性生活質量報告.In The Epoch Times . Retrieved
2006, from
http://tw.epochtimes.com/b5/6/3/2/n1242531.htm.


Ycharts. (2011). Rocky Mountain Chocolate Factory Gross Profit Margin. In
Ycharts. Retrieved March 21,2012, from
http://ycharts.com/companies/RMCF/gross_profit_margin.
END

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Marketing Sem002 Gp C

  • 1. HTM 2121 TOURISM AND MARKETING SEM002 Group C LAU Ellen 11302520D Mak Ka Tik, Roy 11317559D Ng Wing Chung, Witty 11367431D Wang Huihan, Freda 10834481D Zhang Xi yue, Everlyn 10813412D
  • 2. Today’s presentation External environmental analysis Opportunities and threats Competitor analysis Objective Target market Marketing Mix strategies and programs (4Ps) Implementation Milestone Marketing Budget Marketing controls
  • 4. Demographic trends  Chinese females travel consumption amount  Growth rate of household consumption in China  Salesof premium chocolate 129% in past 5 years
  • 5. Ecological tends Sustainable chocolate production trend  Utilize organic cocoas -little pollution -Ensured qualities
  • 6. Technological trends  Health-conscious consuming trend  New technology to produce reduced-fat & fat-free chocolate items  Multi use trend  Innovative technology to produce chocolate cocktails chocolate cosmic chocolate hotpots
  • 7. Political-legal trends  Issue: Use of child labor and slaves in cocoa farms e.g.15,000 children were working in the chocolate farms of Cote d'Ivoire  Establishment of a industry-wide labor standards  System for monitoring the industry
  • 8. Social-cultural trends  Double side trends:  Criticism: high-fat milk chocolates – threaten health Popularity : contain antioxidant flavones- associated health benefits  Pursuit for ‘healthy chocolates’ -Low fat -Nutritious -Organic
  • 10. Opportunities  Satisfaction for ‘diet ’ trend - Low fat and calories  Satisfaction for ‘healthy and fit’ trend - Organic materials with rich nutrition  Best choice as souvenirs - Hong Kong as an attractive tourism destination - Specialty of Hong Kong-Chinese chocolate brand  Cooperation with hotel chains - Special promotional tool - Concentration on target market
  • 11. Threats  Competition from other matured companies (e.g. Godiva) Existing market share Loss of potential Recognizable brand customers Powerful promotion  Imitation of brand concept - ‘Organic and Diet chocolate’ - Diminishing uniqueness
  • 12. Competitor analysis A new market  Current Competitor  Godiva ( similar image and services at similar prices)
  • 13. Competitor analysis PRODUCT -Two production methods (enrobing and shell- molding ) -Made by fine chocolate and high quality ingredients -Two types of chocolates: Gold collection and Piece by Piece PLACE -15 stores in Hong Kong -Luxury product shopping mall
  • 14. Competitor analysis  PRICE  Piece-by-Piece: HK$140 per 100gm.  Gold Collection 8/15pcs: HK$150/$280  Gold Collection 25/32pcs: HK$450/$580.  PROMOTION  Cooperate with Town gas Cooking Centre Chocolates School for making chocolates class.
  • 15. Competitor analysis  Strength  High quality product  Global brand  Leader  Complete sales net in the worldwide  Weakness  Godiva chocolate’s price set on a high level
  • 16. Competitor analysis  Opportunities  Luxury image and positive brand name  Close interaction between Hong Kong and Mainland China  Threats  Keen competition  E.G: Agnes B operated its own chocolate shop these years.
  • 17. Our Objectives...  To become a famous brand in Hong Kong  5% Market share in Hong Kong market
  • 18. Market share of choclatiers in China 30% Foreign chocolate brands 70% Local According to Marbury (2009), foreign chocolate brands have captured 70% of the Chinese chocolate market.
  • 19. Become a famous brand HOW?  A high quality materials  Well-planned strategy  An environmental friendly way and sustainable development policy  High quality
  • 20. Target customer  Mainland traveler in Hong Kong  aged 26-45  Financially independent
  • 21. Target customers analysis  Chinese traveler is a big group of potential customers  High demand of product and purchasing power  Our product can satisfy their wants  Healthy  Psychology  Purchase pattern
  • 22. Marketing Mix strategies and programs (4Ps)  Positioning  Mainland female traveler in Hong Kong aged 26-47  Luxury brand  Main competitor - Godiva  Trailer made chocolate for Mainland female  Hong Kong based company  Cater cultural need
  • 23. Marketing Mix strategies and programs (4Ps)  Products  French woman  Sophisticated  Independent  Stylish and modern
  • 24. Marketing Mix strategies and programs (4Ps)  Products  AUSTRALIAN VITAMINS  CSR  Organic cocoa bean  low-fat ingredient
  • 25. Marketing Mix strategies and programs (4Ps) Chocolate bar Chocolate Gift box
  • 26. Marketing Mix strategies and programs (4Ps)  Seasonal design
  • 27. Marketing Mix strategies and programs (4Ps)  Price Femme Godiva Moderne
  • 28. Marketing Mix strategies and programs (4Ps)  Place  Business and leisure  5 stars chain hotels
  • 29. Marketing Mix strategies and programs (4Ps)  Promotion  Free chocolate desert for the hotel restaurant  Hotel staff promote our chocolate  Free chocolate gifts for hotel guests on their birthday
  • 30.
  • 31.
  • 32. Sales forecast (Unit=1,000 HKD) Cost will exceed sales in the first year Profitable in long term
  • 34. Marketing controls  Questionnaire
  • 35. Marketing controls Corrective actions  Services  Ensuring staff quality meets standard  Lessons for improving service attitude  Food  Consider another cocoa supplier to enhance higher quality  Develop more products that can attract different customers
  • 36. Marketing controls  Corrective Actions  Promotion  Decreasing the budget of the least effective channel.  Cut the budget of the most effectiveness promotion channel and uses it to other new channels in order to test the market.  Remain one or two highest effective channels instead of multi channels if the promotion cost could not provide expected sales.
  • 37. Reference Australian Vitamins. (n.d.). Cacao Beans: Raw Organic. In Australian Vitamins. Retrieved Mar 7, 2012, from http://www.australianvitamins.com/products/view/908.Price. China.com. (2006). 中國女性生活狀態報告. In China.com. Retrieved 2006, from http://big5.china.com.cn/info/zhuanti/nxsh/node_7003138.htm. Godiva. (n.d.). Godiva Chocolatier. Retrieved March 8, 2012, from http://www.godiva.com.hk/ HIGHBEAM BUSINESS. (2011). Chocolate and Cocoa Products market. In HIGHBEAM BUSINESS. Retrieved March 8, 2012, from http://business.highbeam.com/industry-reports/food/chocolate- cocoa-products
  • 38. Reference HKTB. (2010). Visitor arrival statistic. In HKTB . Retrieved 2010, from http://tw.partnernet.hktb.com/pnweb/jsp/comm/index.jsp?pageContent=%2Fjsp %2Frso%2Frso_pub.jsp&charset=b5. In N Marbury (Chair)(2009). Paper presented at Godiva brand brief. H.Smith. (1935). 中國人的性格. In angelfire. Retrieved 2010, from http://www.angelfire.com/hi/hayashi/xinge.html. Karyu Realty Ltd. (n.d). Retrieved March 21,2012, from http://smeitrade.com/showroom/model/T0126/templateCategoryProductList.do ?ParentId=1326965323672000479&webId=1318559973524012836&editCurrentLan guage=1318559973556012837. Leanne, M. (2011). Top 10 Luxury Chocolatiers. In The Asia City Network. Retrieved March 21,2012, from http://hk.asia-city.com/restaurants/article/top-10-luxury-chocolatiers.
  • 39. Reference National Bureau of Statistics of China.Retrieved March 8, 2012, from http://www.stats.gov.cn/ Net MBA Business knowledge Center. (n.d.). The Marketing Mix (The 4 P's of Marketing). In Net MBA.Retrieved Mar 7, 2012, from http://www.netmba.com/marketing/mix/ Qunar. (2010).女性旅遊報告趨勢. In Qunar. Retrieved 2010, from http://hot.qunar.com/download/2010womentravelreport.pdf. The Epoch Times. (2005). 中國女性生活質量報告.In The Epoch Times . Retrieved 2006, from http://tw.epochtimes.com/b5/6/3/2/n1242531.htm. Ycharts. (2011). Rocky Mountain Chocolate Factory Gross Profit Margin. In Ycharts. Retrieved March 21,2012, from http://ycharts.com/companies/RMCF/gross_profit_margin.
  • 40. END