StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Marketing /Lipitor - Assignment Example

Cite this document
Summary
The most affected segment is the travel guides whose roles continue to be unpopular with the clientele. According to Jupiter Research, online reservation…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94% of users find it useful
Marketing /Lipitor
Read Text Preview

Extract of sample "Marketing /Lipitor"

Marketing Effects of Online Reservation Sites to the Travel Agencies The massive developments in Information and Communication Technology (ICT) have tremendously impacted on the tourism sector. The most affected segment is the travel guides whose roles continue to be unpopular with the clientele. According to Jupiter Research, online reservation started gaining ground in the 1870s when the internet availed platforms like Yahoo Travel, Cheap Tickets, Expedia and Priceline to the clients to book for airlines, hotels, rent cars and reserve rooms.

Since then, online booking has become popular as many people now have access to internet (Singh, 2008). Today, online travel is overtaking the traditional offline reservation system in which clients were compelled to physically travel to the tour agents’ offices so as to make their bookings and reservations. Because of this, more than 40% of bookings are done online. This not withstanding, it is projected that it will overtake the offline system in the near future. Meaning, if the trend continues, the travel agents will become obsolete and eventually get eliminated from the market especially if they fail to adapt with the new changes (Leask, Fyall & Barron, 2014).

As a result of the use of Smartphone, tablets and computers, many people now prefer online booking because it has got many advantages. Unlike the traditional offline booking, it is cheaper, convenient, faster and friendly. So long as one has access to the internet, one does not need to travel to the tour agents, but use their Smartphone at the comfort of their homes or offices at any time of the day (Ritchie et al., 2011). Besides, it is flexible and can grant a client and opportunity to compare services and rates offered by different organizations before making their choice.

Indeed, the rapid shift to online booking has been a bad news to the tour agents. Should they fail to come up with smarter and more brilliant ideas, they might not survive. For this reason, many tour agents have also decided to adapt to these changes since it is the only choice for them (Ferrer et al., 2015). They have blended online and brick-and-mortar strategies. This simply implies that the tour agents now offer offline and online services. The provision of these services makes them more attractive as they are seen to be flexible and dynamic.

So, they can cater for the interests of the clients who require online or offline services. Therefore, anyone who does not want to meet the agents will only have to be served through the internet.In conclusion, embracing technology means that the agents use high tech devices such as faster internet connectivity, text messages, voice communication, instant video and highly developed software like Unit4’s Central Command at all times. These are necessary for ensuring efficiency, timeliness, effective and cost-friendly services.

It is therefore incumbent upon tour agents to adapt so quickly to these changes. If it is properly done, the tour agents will not be faced out of business, but will still have to enjoy a large share of the market no matter how competitive it might be. Such changes must be embraced because they have become part of the tourism sector and won support of the market. References Ferrer, J. G. et al. (2015). ‘Social Tourism and Healthy Ageing’. International Journal of Tourism Research. Volume 17, Issue 3.p 232-239.Leask A., Fyall A. & Barron P. (2014). ‘Generation Y: An Agenda for Future Visitor Attraction.

’ International Journal of Tourism Research, 16, pages 462–471.Ritchie, J. R. et al. (2011). "Impacts of the World Recession and Economic Crisis on Tourism: North America". Journal of Travel Research 49 (1): 5–15.Singh, L. K. (2008). "Issues in Tourism Industry". Fundamental of Tourism and Travel. Delhi: Isha Books.

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Marketing /Lipitor Assignment Example | Topics and Well Written Essays - 500 words”, n.d.)
Marketing /Lipitor Assignment Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/marketing/1699127-marketing-lipitor
(Marketing /Lipitor Assignment Example | Topics and Well Written Essays - 500 Words)
Marketing /Lipitor Assignment Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/marketing/1699127-marketing-lipitor.
“Marketing /Lipitor Assignment Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/marketing/1699127-marketing-lipitor.
  • Cited: 0 times

CHECK THESE SAMPLES OF Marketing /Lipitor

Pfizer: SWOT and Financial Analysis

Blockbusters like lipitor, Effexor, and Viagra all are going to lose its exclusivity within the next three years.... “Pfizer is facing considerable exposure to general competition, focal point of which is lipitor, due to loss patent exclusivity in 2011” (Pfizer: Swot analysis, n.... “Strong sales and marketing infrastructure is another strength of Pfizer”(Pfizer: Swot analysis, n.... According to Bob Van Voris and Janelle Lawrence (2010) “Pfizer engaged in a racketeering conspiracy of marketing Neurontin over a 10-year period (Voris and Lawrence, 2010)....
4 Pages (1000 words) Essay

The Top Management of Bedfordshire

To prevent Bedfordshire from undergoing the process of decline stage, it is essential on the part of its marketing manager to consider the importance of re-branding to ensure that this particular tourist site will maintain an increasing trend in its sales and profitability.... Rebranding is all about “revitalising and repositioning a brand through gradual, incremental modification of the brand proposition and marketing aesthetics” (Muzellec & Lambkin, 2006, p....
8 Pages (2000 words) Essay

Marketing project

The industry and market analysis has been given for the product of Lipton Ice Tea.... The advertising objectives and strategies are discussed in the report.... The budgeting of the… Lipton tea is a product of the Unilever organization.... Unilever is a popular organization with popular brands....
4 Pages (1000 words) Coursework

Pfizer- Puffery or Deception

Jarvik as an ambassador for lipitor.... Secondly, the House Committee on Energy and Commerce has expressed doubts about the reliability of claims pertaining to lipitor, made by Dr.... Considering the contemporary business environment defined by cut throat competition, especially in the pharmaceutical sector, advertising has become an integral part of the sales and marketing strategies.... is pertaining to this aspect of advertising. Even if one assumes that the information Puffery, Deception and Ethics of the Name of the Concerned Professor February 9, 2011 Puffery, Deception and Ethics Considering the contemporary business environment defined by cut throat competition, especially in the pharmaceutical sector, advertising has become an integral part of the sales and marketing strategies....
2 Pages (500 words) Essay

Marketing - Lipton Yellow Tea

This paper 'marketing - Lipton Yellow Tea" focuses on the fact that when marketing in these changing economic times, a company has to form marketing strategies that will enable or help it to maintain its credibility and be part of the consumer's budget.... nbsp; The Lipton company has chosen a consumer-based marketing strategy....
1 Pages (250 words) Case Study

Exploring Business: Pfizer

This removes liability from Pfizer and also supports his credentials to promote lipitor without much concern over ethical judgment consequences from society and regulatory entities.... Seeking celebrities that actually have used lipitor are more in-line with regulatory framework guidance for advertisers to avoid consumer perceptions of deception.... Additionally, Pfizer could reposition lipitor under a product benefits focus, using chemists and developers as appropriate endorsers to describe product quality as well as the credentials of research and development teams....
2 Pages (500 words) Essay

The Advent of the Internet

The paper entitled 'The Advent of the Internet' presents a new vista in the marketing world as now we can communicate anything anywhere almost instantaneously.... This will categorize the entire audience into subgroups having specific interests and preferences.... hellip; Thus before any large investment is to be made in any advertising campaign; detailed research, threadbare planning and extensive pilot projects need to be run and re-run to ensure that the targeted audience is hit with the exact content that has the highest possibility of successful conversion of an inquiry or expression of interest into a sale....
8 Pages (2000 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us