Marketing plan for your new product/service in tourism/hospitality
You are an entrepreneur in T&H industry. We (the class) are your target market. Develop a new tourism/hospitality product/service. Create a marketing plan for your new product/service: • Market segmentation • Target customers • Product • Positioning and promotion strategy • Pricing strategy • Distribution plan • Financial projections Notes: You can offer an existing product/service in a new market (e.g. a restaurant in Queenstown that uses robots as waiters/waitresses) or an entirely new product/service (e.g. flying car tours). Feel free to be as creative as you want, but you must be persuasive! New technologies can provide great opportunities for creating new products and markets. AI, Virtual reality, Augmented reality, etc. Ideas around sustainability (social and environmental) Your presentation should last at least 15 minutes (or 10% will be deducted) Your presentation will be stopped after 25 minutes Each presentation will be followed by 5 minutes for questions Useful links and resources for market analysis: http://dgit.nz/ https://figure.nz/ https://www.stats.govt.nz/ http://www.tourism2025.org.nz/ https://www.tomorrowstourist.com/