Question
Make a Research, analyze, and create the marketing plan sections described below for Choice Hotels International, which includes the followings Situation Analysis: Using the
Make a Research, analyze, and create the marketing plan sections described below for “Choice Hotels International”, which includes the followings
• Situation Analysis: Using the sections below, analyze the competitive market, the company’s targeted market segments, and how your company’s capabilities stack up to the competition.
• Market Summary: Describe, in detail, the target market segments by determining their segment size, segment needs, segment growth, and segment trends. Using more detail to describe these market segments will prove to be beneficial as a basis for the marketing strategies and tactical programs presented later in your marketing plan.
• SWOT Analysis: Include the sections described below.
Strengths: In this section, list and describe your company’s internal physical and financial capabilities that can enable it to reach its stated objectives.
Weaknesses: In this section, list the internal elements that may prevent or slow your company's ability to achieve its stated objectives.
Opportunities: In this section, list the external and potentially profitable areas in which your company may find an interest in which to target, engage, and perform.
Threats: In this section, list the external and potentially unfavorable trials that can negatively affect your company’s business model and competitiveness.
• Competition: List your company’s main competitors, and describe what positions they occupy in the market in which your company wishes to compete. Also, this section is where you should provide a summary of the competitors’ strategies.
• Product Offerings: Review the company’s products or product lines, and identify their main features.
• Distribution: Describe and provide an overview of each of your company’s product distribution channels. Your assignment will be a minimum of three pages in length. Ensure that you introduce the company you have chosen, and identify each section with a heading in your assignment. You should reference at least three sources to support this section of your marketing plan.
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Choice hotel international operates properties in the United States and across the globe The focus is on the midscale and the upscale segments of the market Some of the brands under its name include c...Get Instant Access to Expert-Tailored Solutions
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