Question
From an early start in 1994, Banyan Tree Hotels & Resorts has grown into one of Asia's most successful hospitality brands with numerous international awards
From an early start in 1994, Banyan Tree Hotels & Resorts has grown into one of Asia's
most successful hospitality brands with numerous international awards and accolades from
publications like the prestigious Cond Nast Traveler and others. Banyan Tree is one of the
most ambitious and iconic chains of up-market luxury hotels, resorts, and spas. By
successfully blending its environmental concern with the unique Asian traditions and
heritage and the concept of individual luxury villas offering an intimate experience, Banyan
Tree has emerged as one of the leaders in the hospitality industry. Concern for the nature
and environment surrounding the resorts has always been a trademark of Banyan Tree. Many
environmentalists appreciate their efforts to nurture and protect the surroundings of their
resorts. True to its belief that environmentally sustainable and socially responsible tourism
is compatible with making profits, Banyan Tree has established the Green Imperative Fund
mechanism and Banyan Tree Global Foundation to extend financial assistance to
environment conservation and community projects. Banyan Tree initially resorted to
advertising to build awareness in the market, but the advertising budget was soon cut to save
costs. In fact, the overall marketing budget of Banyan Tree has been 7% of the total revenue,
with 60% allocated for trade and 40% allocated for consumer promotions. The entire brand
communications strategy has been based on third party endorsements, word-of-mouth, and
public relations.
(a) Discuss thefivemarketing management orientations. Illustrate each with an
example.
(b) From the information provided, identify and explain the marketing management
orientation(s) that Bayan Tree Hotels and Resorts adopted.
(c) Examine thetwobroad market categories that Banyan Tree Hotels and Resorts
served and how it communicates its value proposition to each market.
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