The stages of growth and maturity

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maksudasm
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Joined: Thu Jan 02, 2025 7:11 am

The stages of growth and maturity

Post by maksudasm »

Thus, the marketing plan in a travel company is drawn up taking into account the current phase of the product life cycle. Non-standard curves, such as a curve with a repeated cycle, can be used to describe the life cycle.

of a tourism product are repeated if optimal sales growth was achieved during the decline stage.

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Marketing strategy of the organization at different phases of the life cycle of a tourism product
Marketing program element Phases of the life cycle of a tourism product
implementation height maturity decline
Marketing objectives Enter the market Take market share Maintain the existing market share Ensure a natural transition to a new life cycle
Information Categories of people interested in tourism products, the most important consumer qualities of tourism products Estimated market size, types of buyers, detailed characteristics of the tourism product The overall size of the market, the prospects for its full saturation, the degree of dissatisfaction of buyers with the tourism product Saturation level, options for modernization of tourism products
Tourism product Basic service option Improved
​ Differentiated
​ Increased profitability
Consumers Lovers of the new Mass market Mass market Regular customers or "stragglers"
Price Tall Reaches the limit value and decreases slightly Continues to gradually decrease Low, almost equal to cost price in the end
Deliveries to the market In limited size (test market) They are increasing sharply They reach their maximum and begin to contract. The smallest possible volume
Number of competitors Small It is gradually increasing Big Decreases
Profit Low Increase in profits Maximum Reduced to a minimum
Distribution channels Traditional New distribution channels to drive sales growth There are fewer channels Only distribution channels that ensure minimum supplies are used
Advertising Aggressive, emphasis is placed on the quality of the new tourism product, its distinctive characteristics, and its prestige is noted Supportive, makes customers want to go on a trip Supportive, reminiscent Reminiscent
Marketing expenses Tall High (sometimes increasing) Minimum High (preparation for a new life cycle)
Sales level Low
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