The Hospitality Marketing Mix: Product and Price

COURSE ID: SHA503

Course Overview

Marketing success requires both careful analysis and smart planning. You must identify target markets, strategically promote to customers, and ensure that the product design, price and presentation line up with client needs and perception of value.

Because these issues are so critical—product design, pricing, promotion, and place/distribution—they are constantly evaluated and reevaluated by marketers as the set of factors and decisions known as the "marketing mix".

In this course, you focus on a key market segment for one product (or service) and attempt to increase its probability of purchase by focusing on product, price, place, and promotion. Explore product life cycles, new product development, product innovation and adoption, and how service quality is measured. You learn about tailoring the product, the price, the place, and the promotion to arrive at an optimal "marketing mix" for your business.

This course is designed for hospitality professionals who are responsible for the design and pricing of products and services.