I am in @ 9pm today.Gurpreet, do you know what topics need to be covered for the presentation?
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In addition to Manohar's analysis ...Challenges:1. Competition from global players like expedia and travelocity for foreign travel as they have the muscle and deep pockets.2. Fluctuations in ticket prices due to the nature of industry.Recommendations:1. Focus on Outbound travel and vacations from India as it is a growing segment with middle class having the purchasing power.2. Opening offices in south east asia like singapore, thailand, malaysia, sri lanka, philipines, indonesia3. Tie up with hotels for packages and bargain low prices.4. Leverage on their MMT US office for foreign package deals.5. Implement a strong CRM to profile customers, get feedback, identify and retain repeat buyers.6. Reduce dependence on agents and consolidators. Invest in infrastructure that aids in obtaining tickets directly from airlines.7. Build a brand alliance by partnering with well known sources in the industry in travel and tourism.8. Explore value added services like travel planner or organiser.9. Explore cash/card on delivery for local customers reluctant to purchase online.
Q1:
Inbound:
General:
1. Lot of corporate travels are booked by reputed travel agent. MMT can target these with good promotion and discounts as such travels are very common for international destinations.
2. Target seasonal travels like students travel etc
3. Capture market from Middle east? How? B2B? Promotions?
NRI:
1. Currently the package tour plans for NRI traveler in India is ineffective mainly for pilgrimage plan and holiday destination. MMT can think of personal touch in planning for their clients
2. Opening offices in south east asia like singapore, thailand, malaysia, sri lanka, philipines, indonesia
Non NRI:
1. Focus on foreign travelers only for destination India with complete tour package
2. Create partnership with few associations for example AAA etc
Domestic:
1. Tie up with hotels for packages and bargain low prices.
2. Huge potential exists with domestic traveller for residents.
3. 2. Should tie up with govt in promoting tourist destinations. This can promote MMT for domestic segment
4. 3. Tie up with Bangalore one etc to spread awareness
5. 4. Come out with publications on travel and promote MMT
6.
Outbound:
1. Focus on Outbound travel and vacations from India as it is a growing segment with middle class having the purchasing power.
2. Leverage on their MMT US office for foreign package deals.
Generic Operations:
1. Implement a strong CRM to profile customers, get feedback, identify and retain repeat buyers.
2. Reduce dependence on agents and consolidators. Invest in infrastructure that aids in obtaining tickets directly from airlines.
3. Build a brand alliance by partnering with well known sources in the industry in travel and tourism.
4. Explore value added services like travel planner or organiser.
5. Explore cash/card on delivery for local customers reluctant to purchase online.
6. Franchisee Model??
7. Kiosks? Partnership with CCD, etc ? BDA?
Q2:
1. Ad revenues can be targeted. But this might irritate customers. This should be nicely thought do that user experience of customer not hindered. Around their business.
a. Related to Indian/South East Asian Tourism.
b. Car rentals
c. Packages
d. Internal ads
e. More Partnership with NRI focused brands
f. Airlines around India/South east Asia.
g. Hotel ads
Realize Own Core Strengths
- Cost leader in domestic market
- Superior Customer Service
- Larger reach within India
Analyze Competitor’s Core Strength (May vary across geography)
- Cost Leader in overseas market
- Larger reach worldwide
- High Brand Recall
Decide on Growth Strategy:
- Volume Player Vs. Margin Players
- Focus: Domestic Market Vs Overseas Market
- Advertisement Strategy and spend will drive its strategy
Other Business Channels:1. Including 'Holiday Activities' as service-ofeerings. For example:
a. Safari Tours
b. Disney Land
c. National Park
d. Tirupathi Darshan Tickets
e. Niagara Falls Ticket
f. Etc.2. Providing 'Visa assistance service', like Expedia does today
3. Tie up with Bulk Corporate, on special travel rates4. Tie up with domestic leaders in specific segments, rather than building new brands there, for example in Egypt, Switzerland, China, Thailand, etc.Ideas to increase Market-share and Brand-recall:1. Tie up with airlines, for free food/drink for tickets booked thru MMT
2. Persona/Profile-based suggestions (low-cost traveller, high-quality traveller, etc.)3. Lowest Price Guarantee – return 200% of the differential price
4. MMT Loyalty Cards – 10% discount on food bills, amusement park bills, daru bills in Goa pubs, etc.5. Advertisement for locations/Places, rather than hotels (don’t want to give wrong messages)6. Ties up with Lonely Planet, Travel Magazines, etc. for AdsRegards,Subrat
Some more points while researching on South East Asian segment ...Focus:1. More value for customers time and money.2. Move from customer satisfaction to customer delight.3. Provide the best environment for suppliers and make their business profitable.4. Dynamic packaging mix and consolidation.5. Non air travel.6. Leverage social networking and mobile internet.7. Get best in the industry technology and stay ahead.- Integrated travel solution- Filtered Search for packages- Direct ticketing from airline- Direct hotel booking from hotels8. Provide unique services and constantly innovate.- Party package- Shopping package- Beach package- Wildlife package- Out-of-the ordinary package- ethnic package- island tours9. Integrated packagingsource - airport drop - destination - airport pickup - local transport - accomodation - create experience - drop back to destination10. Bring in customer to value chain- provide transport suggestions- hotel and accomo11. Add geographies- Celebes islands- Sri lanka, inland12. Open office in south east asia, say thailand or malaysia
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Few points on Domestic growth Strategy
Growth in India - Disposable income is increasing at the rate of 8.5%
Focus on
· Increase in Inbound and outbound and medical tourism
· Prepare offers based on special interest activities
· Create packages tailored to customers ( Based on Customer segmentation like youth , high school , singles , family, couples)
· Long term investments in building profitable tourism ,i.e working with tourism development council in developing new tourist locations.
Regards
krishnamma
Sorry was travelling, the call could not connect,,
Plugged in a few points,,
India Approach for Make my trip should come from Consolidation, dynamic packaging, offering more for less and creating a memorable experience .
Medical Tourism: White Space for MYT- Tie up with Apollo, Fortis & Escort Hospitals in addition to Star and Budget Hotels to strengthen end to end services for both Domestic Travelers (From Smaller cities, other states seeking good/ specialized treatment.. Focus also on inbound foreign visitor).
Religious Tourism : White Space for MYT – As part of Package, End to End Travel, Visa Services, tie up with Hotels in Node Cities and Destination Cities and last mile Travel agents eg. Chennai in South India can be a node for excursions to Madurai, Thanjavur and Trichnapalli.
School / College Excursions : White Space for MYT – Apart from Travel, Tie up with YMCA / YWCA, Orgin and last mile travel agents, budget hotels.
Adventure Tourism : White Space for MYT – As part of Package, End to End Travel, Visa Services, tie up with Hotels in Node Cities and Destination Cities, last mile Travel agents
Border Management Services (Tie up with VFS) : Tie up with VFS Global to address Visa processing for Inbound travelers, VFS has has 1030 Visa Application Centres (VACs) located in 81 countries across five continents. This builds on unifying experience of inbound travelers thru a critical travel phase,,,
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Possble to change the time to 9. 6 looks diff. For me too. May have to go to a doc.
Guys,I've added my 2 1/3 bits in the shared presentation. I may not be on time for today's call but will try to get back asap. Feel free to edit my content as you'll feel appropriate.
PFA on Africa approach!
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<SA.pptx>
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