SlideShare uma empresa Scribd logo
1 de 30
HTM 2121
TOURISM AND HOSPITALITY MARKETING
                      Group Project
        Food and beverage operation in TST East
                     Molecular Gastronomy Bar


                   Tomorrow’s Bar
                         Candy Ma 11076006D
                               Matthew Ng 11186013D
                               Ida Hung 11010000D
                               Yvonne Chan 11072109D
Overview

   External
                   Implementation   Marketing
Environmental
                     milestone       budget
   Analysis


                   Marketing Mix    Marketing
Opportunity and
                   Strategies and    controls
   Threats
                     Programs


   Internal
                   Target Market
 Environment
                      Analysis
   Analysis
External Environmental Analysis
                       Demographic
                         trends




    Economic                             Technological
     trends                                 trends




          Ecological             Political-legal
            trends                   trends
Demographic trends
                                   aged15-35 half of
                                  total HK population

                             total of 17,032 population
                             in TST East in which 79.5%
                              of them is aged between
                                       15 to 64

                     median monthly domestic household
                           income is HK$ 21,000.


Census and Statistics Department of The Government of the Hong Kong Special Administrative
Region. (2012). Table: Summary Statistics of Constituency Areas in Yau Tsim Mong District, 2006.
Ecological trends



               Food supply will not
                                              food waste issue :50
                 be able to meet
                                                tons waste/year
                demand by 2050




Cathy. (2009). Food waste in restaurant. Retrieved from
http://www.greenecoservices.com/food-waste-in-restaurants/
Economic trends
   GDP of Hong Kong for the increased 3%
   in 4th quarter of 2011


          Consumer Price Index (CPI), the overall
          consumer prices raised by 6.1% in
          January 2012

                 >40% of households in HK. medium and
                 high expenditure ranges, increased 6.3%
                 and 6.4% respectively

Census and Statistics Department of The Government of the HKSAP. (2012).
Table 200: Selected Industry Averages and Analytical Ratios in the Industry Sections of
Import/Export, Wholesale and Retail Trades, and Accommodations and Food Services.
Technological trends



                                                                   Introduce new cuisines
      Internet users (per 100
                                         spend 70%                    on a regular basis,
       people) in Hong Kong
                                        discretionary                observe customers’
        was last reported at
                                    expenditure on leisure          eating habit, discover
           69.26 in 2010
                                                                    new target customers




Kattiyapornpong, P. (2009).
Profiling Generation Y- Where do they travel. Journal of Travel Research. (3-6)
Political-legal trends

                                            Apply Declaration through the
                                              Department of Food and
                                            Environmental Hygiene (DFEH)



                                              Apply Liquor Licence and Club
                                           Liquor Licence Liquor Licence from
                                             the Liquor Licensing Board (LLB)



                                           Amended Smoking (Public Health
                                               Ordinance (Cap. 371)




Centre for Food Safety (2012), Food and Environmental Hygiene Department, HKSAR,
Part V of the Public Health and Municipal Services Ordinance (Cap. 132).
Competitors
     Bo Innovation • Similar products and service
          廚魔       • Same customers


           Aspasia               • Location: TST


         Other                   • The Krug Room
       Competitors               • Caprice
Aspasia. (2010). Retrieved from
http://www.tripadvisor.com/Restaurant_Review-g294217-d918027-Reviews-Aspasia-
Hong_Kong.html
Opportunity and Threat
              • Increased conscious in the trend of
                Molecular Gastronomy
Opportunity   • Increasing Income of GDP
              • Increasing concern of food
                shortage



              • Lack of technology in HK

  Threat      • Various competitors
Internal Environment Analysis


      Tomorrow’s Bar    Mission
                       Objective
                       Resources
Mission
                                      Target
Tomorrow’s Bar       Theme                          Opening hours
                                     Customer
                 • a cross-       • white-collars   • from
                   cultural of    • aged 18-35        11:30a.m. to
                   Molecular                          15:00p.m
                   Gastronomy                       • 7:30p.m. to
                   with Eastern                       3:00a.m
                   and Western                      • Everyday
                   style.
                 • located in
                   TST East
Objective
                                                      Performance-
      Short-term                Long-term
                                                   maximizing objective
• To establish positive   • To become the          • expected to be
  public image within       famous superior          market-stimulated
  1-3 years in HK.          restaurant in Hong       with a high degree of
• To gain a year-on-        Kong in the coming       uncertainty about
  year 10% sales            10 years.                their ultimate market
  during first five       • To develop a good        potential.
  years.                    public relation with   • emphasizing unique
• To increase market        the customers in the     products and
  share by 15% after 3      society within 10        services to increase
  years.                    years.                   its competitive
• To retain 5% of the                                advantages and to
  customers/year.                                    enlarge its market
                                                     share
Resources
              • Top Chefs
 Human        • Talented Managers
Resources     • Training courses for
                employees


              • Non-monetary reward
 Morale       • Keep in high level



Capital and   • Obtain bank loan
              • Maintained regularly
 Machine      • Monitored raw material
Target Market Analysis
    Target       Characteristics
                                       Needs
  customers       of customers
• Aged 18-35     • Non-            • Facing huge
• White-collar     pecuniary         work
  employees        rewards           pressure
• In TST East    • 35%             • Want to relax
                   motivated by      after work
                   social needs
                 • Join club or
                   bar
Marketing Mix Strategies
        Positioning
                   Creative and
                    innovative




  Middle class
                                   Advanced
business man as
                                  techonology
target customers
4Ps
               Price




            Marketing
Promotion      Mix       Product
            Strategies



               Place
Price
Method
• Price range is set between HK$200 to HK$500 per dish,
  which is higher than ordinary food
• Send a message to prestige-conscious consumers
• Continue to associate these values with the product

Strategy
• Planned to implement market skimming as its pricing
  approach
• Recoup the investment involved in product development
Product
Place

     Location      Decoration          Private Rooms

• TST East      • Relaxing           • rectangular form
• Upper floor   • Comfortable        • grid pattern
                • dim lights         • side by side with
                • candles on table     sofa and
                                       cushions
                                     • home-away-
                                       from-home
                                       sense of feelings
Promotion

              Advertising




Personal                     Public
 selling     Promotion      Relations




                 Sales
              promotion
Advertising
                           Mobile
  TV Programme           application           Websites

• Invite several      • providing the     • official website
  famous                bar’s menu,         in multiple
  gourmets (e.g.        transportation      languages
  Tao Tao) to taste     information and   • FaceBook
  through               special offers    • Yahoo! and
  Television          • Game: creating      Googles
  programmes            new forms of
• will be               molecular
  broadcasted at        gastronomy by
  night period          users
Public Relations
Promotional event
• Planned to hold a public event in the plaza
• Demonstrate the cooking process of various types of
  dishes and audiences will be invited to taste the dishes
• Provide the theme night every Friday

Teaching class
• The first 100 customers will be invited to a teaching class
• The Chef Executive of bar will teach them
• Making the unique style and taste of dishes
Sales Promotion

Sales Promotion
•Provide VIP cards
•Consume more than $1500 in bar
•Enjoy 85% discount off
•First 100 customers can get the VIP
 card for free
Implementation Milestones
Milestones          Start date   End date   Budget           Who is           How to evaluate?
                                                             responsible?
Decorating          1/1          31/3       $750000- 1000000 Person in charge Inspection on
                                                                              every week
Recruiting staffs   3/3          17/3       $10000-15000     HR manager       Hold the
                                                                              recruitment day
Training            15/3         1/5        $30000-45000      Training          Work rules test
                                                              department        and role play
                                                                                before the
                                                                                opening
TV programme        1/5          31/11      $28888 x 6 =      Marketing         Compile statistics
                                            $173328           department        of customers a
                                                                                week after the
                                                                                programme
                                                                                released
Mobile application 1/6           31/12      $6000-10000       Marketing         Compile statistics
                                                              department        of downloading
                                                                                rate from the
                                                                                system
Printed             1/6          31/12      $8000 x 6 =       Marketing         Questionnaire
advertisements                              $48000            department
Promotional event 1/7,1/8,1/9    31/7,31/830 $50000-70000     Marketing         Questionnaire
                  each month     /9 etc.                      department
Teaching Class    11/7           18/7        $9000-12000      Marketing         The popularity
                                                              department        from the joining
                                                                                number
Market evaluation 1/8            31/8       $1500/report      Marketing         Questionnaire
                                                              department
Market research     1/10         31/10      $2000/survey      R & D department Analyze the
                                                                               factors related to
                                                                               the business
                                                                               operation
Marketing budget
                                             • Sales forecast:
                                                 First 10 months the growth slow
                                                 because of low brand.
                                                 In year 2, we expect our sales
                                                 volume will increase further as
                                                 we should have gradually
                                                 developed .



                                            Expenses Distribution
Expenses Distribution
                                       6%   2%
Employees
                         25%
salaries                                              25%
                                                                    Empolyees salaries
Maintainers
                         2%    20%                                  Maintainers expenses
expenses
Promotion                                                           Promotion expenses
                         15%
expenses                                                            Food & Baverage expenses
                                                            2%
Food & Beverage
                         30%                                        TST East rental fee
expenses
TST East rental                                                     Operational expenses
                         20%                           15%
fee                                                                 sundries
Operational
                         6%          30%
expenses
sundries                 2%
Marketing controls
        External                    Internal               Contingency plan

• Brand name:               • organize a weekly        • plan B to adjust the
  1) collect the opinions     meeting                    situation
  2) questionnaires will    • food safety              • Discount
  be conducted half           supervision              • Set of dinner
  yearly                    • menu of the meal
  3) professional             have to change every
  marketer will be hired      3-4 months
• Financial measures        • he quality of the food
  1)professional
                            • e advanced
  auditing company
                              knowledge about the
• 2)cash flow will be         meal for waiters
  monitored every
  month
Reference list
•   Arboleya, J. C., Aduriz, A., Lasa, D., Vergara, J., Duch, A., Olabarrieta, I., et al. (2007). Oral presentation. 2nd International symposium on delivery of
    functionality in complex food systems. University of Massachusetts. Amherst. USA. From the chef's mind to the dish: How a scientific approach can
    help to make the way easier.
•
•   Aspasia. (2010). Retrieved from http://www.tripadvisor.com/Restaurant_Review-g294217-d918027-Reviews-Aspasia-Hong_Kong.html
•
•   Bo Innovation. (n.d.). Retrieved from http://www.boinnovation.com/html/restaurant.php
•
•   Caprice. (n.d.). Retrieved from http://www.dianping.com/shop/2198821

•   Cathy. (2009). Food waste in restaurant. Retrieved from http://www.greenecoservices.com/food-waste-in-restaurants/

•   Centre for Food Safety (2012), Food and Environmental Hygiene Department, HKSAR, Part V of the Public Health and Municipal Services Ordinance
    (Cap. 132). Retrieved form:
    http://www.cfs.gov.hk/english/food_leg/food_leg_list.html#part5

•   C.J. Reissig.& E.C. Strain. & R.R. Griffiths. (2009). Caffeinated energy drinks—A growing problem. Drug and Alcohol Dependence. 99. (1–10).
•
•   Census and Statistics Department of The Government of the Hong Kong Special Administrative Region. (2012). Table 200: Selected Industry Averages
    and Analytical Ratios in the Industry Sections of Import/Export, Wholesale and Retail Trades, and Accommodations and Food Services. Retrieved from
    http://www.censtatd.gov.hk/hong_kong_statistics/statistical_tables/index_tc.jsp?charsetID=2&tableID=200&subjectID=
•
•   Census and Statistics Department of The Government of the Hong Kong Special Administrative Region. (2012). Table: Summary Statistics of
    Constituency Areas in Yau Tsim Mong District, 2006. Retrieved from
•   http://www.censtatd.gov.hk/hong_kong_statistics/statistical_tables/index_tc.jsp?charsetID=2&tableID=174&subjectID=
•
•   Cuisine Innovation (2012) website. Retrieved from: http://www.cuisine-innovation.fr/php_creations/cuisine-
    innovation/cms/content/view/14/46/lang,en/
•
•   Guide on Types of Licences Required (2012), Food and Environmental Hygiene Department, Ordinance (Cap. 371).
    Retrieved form:
    http://www.fehd.gov.hk/english/licensing/Guide_on_Types_of_Licences_Required.html

•   H. McGee. (2004). On food and cooking: The science and lore of the kitchen, (2nd ed.)Scribner, New York.
•
•   Janthima Kaewpradab. (2006). Bangkok: Huacheaw Chalermprakiert University. Photocopied. The Relationship between Job Satisfaction and the
    Organizational Commitment of Employees, M.B.A. (Business Aministration).
•
•   Kattiyapornpong, P. (2009). Profiling Generation Y- Where do they travel. Journal of Travel Research. (3-6)
•
•   Line Holler Mielby & Michael Bom Frøst. (2010). 「Expectations and surprise in a molecular gastronomic meal」. Food Quality and Preference. 21.
    (213–224).

•   N. Kurti. (1969).The physicist in the kitchen, Proceedings of the Royal Institution of Great Britain. 42. (451–467).

•   Mr John C Tsang. (2010). the Appropriation Bill 2010. Retrieved from: http://www.info.gov.hk/gia/general/201004/21/P201004210173.htm

•   New.gov.hk from Hong Kong’s information Services Department (2011), GDP rises 7.2%, Business & Finance, June 20, 2011.Retrieved from:
    http://archive.news.gov.hk/en/categories/finance/html/2011/06/20110620_192823.shtml

•   Roongrawee Saithep. (2008). M.A. (Business English for International Communication). Bangkok: Graduate School, Srinakharinwirot University. A
    Survey of Motivational Factors of White-Collar and Blue-Collar Employees at Mattel Bangkok Limited. Retrieved from:
    http://thesis.swu.ac.th/swuthesis/Bus_Eng_Int_Com/Roongrawee_S.pdf

•   Tabacco Control office of Department of Health, (2012), Tobacco Control Legislation. Retrieved from:
    http://www.tco.gov.hk/english/legislation/legislation_sa.html

•   The Krug Room. (n.d.). Retrieved from http://food.vpire.com/614/the-krug-room/

•   The S. Pellegrino World. (2007). The S. Pellegrino world's 50 best restaurants, Restaurant Magazine.

•   Vega. César. & Job Ubbink. (2008). “Molecular gastronomy: a food fad or science supporting innovative cuisine?” Trends in Food Science &
    Technology 19. (7). (372–382).

Mais conteúdo relacionado

Destaque

Molecular gastronomy introduction
Molecular gastronomy introductionMolecular gastronomy introduction
Molecular gastronomy introductionJozef_a
 
Molecular Gastronomy
Molecular GastronomyMolecular Gastronomy
Molecular GastronomyAjmal Ak
 
Bartending(History)
Bartending(History)Bartending(History)
Bartending(History)guestd683a4
 
Food and Beverage Cost Control
Food and Beverage Cost ControlFood and Beverage Cost Control
Food and Beverage Cost ControlAkmal Hafiz
 

Destaque (8)

Molecular gastronomy introduction
Molecular gastronomy introductionMolecular gastronomy introduction
Molecular gastronomy introduction
 
Molecular Gastronomy
Molecular GastronomyMolecular Gastronomy
Molecular Gastronomy
 
Wine & food harmony
Wine & food harmonyWine & food harmony
Wine & food harmony
 
Food n wine harmony
Food n wine harmonyFood n wine harmony
Food n wine harmony
 
Food and wine pairing
Food and wine pairingFood and wine pairing
Food and wine pairing
 
Bartending(History)
Bartending(History)Bartending(History)
Bartending(History)
 
Food and beverage cost control (2nd edition)
Food and beverage cost control (2nd edition)Food and beverage cost control (2nd edition)
Food and beverage cost control (2nd edition)
 
Food and Beverage Cost Control
Food and Beverage Cost ControlFood and Beverage Cost Control
Food and Beverage Cost Control
 

Semelhante a Tomorrow's Bar

China Marketing Proposal
China Marketing ProposalChina Marketing Proposal
China Marketing Proposalcneub
 
Reatailing consumption behaviour
Reatailing consumption behaviourReatailing consumption behaviour
Reatailing consumption behaviourkiran karanjkar
 
Chipotle mexican grill
Chipotle mexican grillChipotle mexican grill
Chipotle mexican grillMoMu Jung
 
Chinese Foodservice: The Future of Foodservice in China to 2016
Chinese Foodservice: The Future of Foodservice in China to 2016Chinese Foodservice: The Future of Foodservice in China to 2016
Chinese Foodservice: The Future of Foodservice in China to 2016ReportsnReports
 
Bingo Product- Analysis
Bingo Product- AnalysisBingo Product- Analysis
Bingo Product- AnalysisRinshi Singh
 
Singaporean Foodservice: The Future of Foodservice in Singapore to 2016
Singaporean Foodservice: The Future of Foodservice in Singapore to 2016Singaporean Foodservice: The Future of Foodservice in Singapore to 2016
Singaporean Foodservice: The Future of Foodservice in Singapore to 2016ReportsnReports
 
Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...
Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...
Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...Iftekhar Rashid
 
Analysis of FMCG industry in India
Analysis of FMCG industry in IndiaAnalysis of FMCG industry in India
Analysis of FMCG industry in IndiaRahil Shaikh
 
consumer behaviour ppt 1.pptx
consumer behaviour ppt 1.pptxconsumer behaviour ppt 1.pptx
consumer behaviour ppt 1.pptxAmuSaurav
 
(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES
(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES
(Ecothon Group2)ESG, SDGs, SCP ESG SLIDESkursuskemahiranonlin
 
Report on microbrewery restaurant business in india
Report on microbrewery restaurant business in indiaReport on microbrewery restaurant business in india
Report on microbrewery restaurant business in indiaAjay Tiwari
 
Beverage Industry Analysis
Beverage Industry AnalysisBeverage Industry Analysis
Beverage Industry AnalysisANNI GUPTA
 
Global Organic Food Market Forecast and Opportunities, 2020
Global Organic Food Market Forecast and Opportunities, 2020Global Organic Food Market Forecast and Opportunities, 2020
Global Organic Food Market Forecast and Opportunities, 2020TechSci Research
 
Quaker Oats- Market Plan
Quaker Oats- Market PlanQuaker Oats- Market Plan
Quaker Oats- Market PlanJane Gozenpud
 
FMCG Industry Analysis
FMCG Industry AnalysisFMCG Industry Analysis
FMCG Industry AnalysisSubham Jaiswal
 

Semelhante a Tomorrow's Bar (20)

China Marketing Proposal
China Marketing ProposalChina Marketing Proposal
China Marketing Proposal
 
Reatailing consumption behaviour
Reatailing consumption behaviourReatailing consumption behaviour
Reatailing consumption behaviour
 
Presentation on Close UP toothpaste
Presentation on Close UP toothpaste Presentation on Close UP toothpaste
Presentation on Close UP toothpaste
 
Chipotle mexican grill
Chipotle mexican grillChipotle mexican grill
Chipotle mexican grill
 
Chinese Foodservice: The Future of Foodservice in China to 2016
Chinese Foodservice: The Future of Foodservice in China to 2016Chinese Foodservice: The Future of Foodservice in China to 2016
Chinese Foodservice: The Future of Foodservice in China to 2016
 
Bingo Product- Analysis
Bingo Product- AnalysisBingo Product- Analysis
Bingo Product- Analysis
 
Singaporean Foodservice: The Future of Foodservice in Singapore to 2016
Singaporean Foodservice: The Future of Foodservice in Singapore to 2016Singaporean Foodservice: The Future of Foodservice in Singapore to 2016
Singaporean Foodservice: The Future of Foodservice in Singapore to 2016
 
Marketing Plan of Gastril Plus
Marketing Plan of Gastril PlusMarketing Plan of Gastril Plus
Marketing Plan of Gastril Plus
 
Ppt
PptPpt
Ppt
 
Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...
Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...
Bangladesh Household Food Security and Nutrition Assessment (HFSNA) 2009 Pres...
 
08_chapter 1.pdf
08_chapter 1.pdf08_chapter 1.pdf
08_chapter 1.pdf
 
Analysis of FMCG industry in India
Analysis of FMCG industry in IndiaAnalysis of FMCG industry in India
Analysis of FMCG industry in India
 
consumer behaviour ppt 1.pptx
consumer behaviour ppt 1.pptxconsumer behaviour ppt 1.pptx
consumer behaviour ppt 1.pptx
 
(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES
(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES
(Ecothon Group2)ESG, SDGs, SCP ESG SLIDES
 
Report on microbrewery restaurant business in india
Report on microbrewery restaurant business in indiaReport on microbrewery restaurant business in india
Report on microbrewery restaurant business in india
 
Beverage Industry Analysis
Beverage Industry AnalysisBeverage Industry Analysis
Beverage Industry Analysis
 
Global Organic Food Market Forecast and Opportunities, 2020
Global Organic Food Market Forecast and Opportunities, 2020Global Organic Food Market Forecast and Opportunities, 2020
Global Organic Food Market Forecast and Opportunities, 2020
 
Quaker Oats- Market Plan
Quaker Oats- Market PlanQuaker Oats- Market Plan
Quaker Oats- Market Plan
 
FMCG Industry Analysis
FMCG Industry AnalysisFMCG Industry Analysis
FMCG Industry Analysis
 
2 hamzat marketing analysis of bitter kola traders in ibadan, oyo state
2   hamzat marketing analysis of bitter kola traders in ibadan, oyo state2   hamzat marketing analysis of bitter kola traders in ibadan, oyo state
2 hamzat marketing analysis of bitter kola traders in ibadan, oyo state
 

Último

8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCRashishs7044
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCRashishs7044
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCRashishs7044
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckHajeJanKamps
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesKeppelCorporation
 
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...ShrutiBose4
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCRashishs7044
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03DallasHaselhorst
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis UsageNeil Kimberley
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...ssuserf63bd7
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...ictsugar
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCRashishs7044
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607dollysharma2066
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchirictsugar
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607dollysharma2066
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Kirill Klimov
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationAnamaria Contreras
 

Último (20)

8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
8447779800, Low rate Call girls in Shivaji Enclave Delhi NCR
 
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
8447779800, Low rate Call girls in New Ashok Nagar Delhi NCR
 
8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR8447779800, Low rate Call girls in Saket Delhi NCR
8447779800, Low rate Call girls in Saket Delhi NCR
 
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deckPitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
Pitch Deck Teardown: Geodesic.Life's $500k Pre-seed deck
 
Annual General Meeting Presentation Slides
Annual General Meeting Presentation SlidesAnnual General Meeting Presentation Slides
Annual General Meeting Presentation Slides
 
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
No-1 Call Girls In Goa 93193 VIP 73153 Escort service In North Goa Panaji, Ca...
 
Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)Japan IT Week 2024 Brochure by 47Billion (English)
Japan IT Week 2024 Brochure by 47Billion (English)
 
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
Ms Motilal Padampat Sugar Mills vs. State of Uttar Pradesh & Ors. - A Milesto...
 
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
8447779800, Low rate Call girls in Kotla Mubarakpur Delhi NCR
 
Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03Cybersecurity Awareness Training Presentation v2024.03
Cybersecurity Awareness Training Presentation v2024.03
 
2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage2024 Numerator Consumer Study of Cannabis Usage
2024 Numerator Consumer Study of Cannabis Usage
 
International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...International Business Environments and Operations 16th Global Edition test b...
International Business Environments and Operations 16th Global Edition test b...
 
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...Global Scenario On Sustainable  and Resilient Coconut Industry by Dr. Jelfina...
Global Scenario On Sustainable and Resilient Coconut Industry by Dr. Jelfina...
 
8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR8447779800, Low rate Call girls in Rohini Delhi NCR
8447779800, Low rate Call girls in Rohini Delhi NCR
 
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
(Best) ENJOY Call Girls in Faridabad Ex | 8377087607
 
Marketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent ChirchirMarketplace and Quality Assurance Presentation - Vincent Chirchir
Marketplace and Quality Assurance Presentation - Vincent Chirchir
 
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607FULL ENJOY Call girls in Paharganj Delhi | 8377087607
FULL ENJOY Call girls in Paharganj Delhi | 8377087607
 
Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024Flow Your Strategy at Flight Levels Day 2024
Flow Your Strategy at Flight Levels Day 2024
 
PSCC - Capability Statement Presentation
PSCC - Capability Statement PresentationPSCC - Capability Statement Presentation
PSCC - Capability Statement Presentation
 
Corporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information TechnologyCorporate Profile 47Billion Information Technology
Corporate Profile 47Billion Information Technology
 

Tomorrow's Bar

  • 1.
  • 2. HTM 2121 TOURISM AND HOSPITALITY MARKETING Group Project Food and beverage operation in TST East Molecular Gastronomy Bar Tomorrow’s Bar Candy Ma 11076006D Matthew Ng 11186013D Ida Hung 11010000D Yvonne Chan 11072109D
  • 3. Overview External Implementation Marketing Environmental milestone budget Analysis Marketing Mix Marketing Opportunity and Strategies and controls Threats Programs Internal Target Market Environment Analysis Analysis
  • 4. External Environmental Analysis Demographic trends Economic Technological trends trends Ecological Political-legal trends trends
  • 5. Demographic trends aged15-35 half of total HK population total of 17,032 population in TST East in which 79.5% of them is aged between 15 to 64 median monthly domestic household income is HK$ 21,000. Census and Statistics Department of The Government of the Hong Kong Special Administrative Region. (2012). Table: Summary Statistics of Constituency Areas in Yau Tsim Mong District, 2006.
  • 6. Ecological trends Food supply will not food waste issue :50 be able to meet tons waste/year demand by 2050 Cathy. (2009). Food waste in restaurant. Retrieved from http://www.greenecoservices.com/food-waste-in-restaurants/
  • 7. Economic trends GDP of Hong Kong for the increased 3% in 4th quarter of 2011 Consumer Price Index (CPI), the overall consumer prices raised by 6.1% in January 2012 >40% of households in HK. medium and high expenditure ranges, increased 6.3% and 6.4% respectively Census and Statistics Department of The Government of the HKSAP. (2012). Table 200: Selected Industry Averages and Analytical Ratios in the Industry Sections of Import/Export, Wholesale and Retail Trades, and Accommodations and Food Services.
  • 8. Technological trends Introduce new cuisines Internet users (per 100 spend 70% on a regular basis, people) in Hong Kong discretionary observe customers’ was last reported at expenditure on leisure eating habit, discover 69.26 in 2010 new target customers Kattiyapornpong, P. (2009). Profiling Generation Y- Where do they travel. Journal of Travel Research. (3-6)
  • 9. Political-legal trends Apply Declaration through the Department of Food and Environmental Hygiene (DFEH) Apply Liquor Licence and Club Liquor Licence Liquor Licence from the Liquor Licensing Board (LLB) Amended Smoking (Public Health Ordinance (Cap. 371) Centre for Food Safety (2012), Food and Environmental Hygiene Department, HKSAR, Part V of the Public Health and Municipal Services Ordinance (Cap. 132).
  • 10. Competitors Bo Innovation • Similar products and service 廚魔 • Same customers Aspasia • Location: TST Other • The Krug Room Competitors • Caprice Aspasia. (2010). Retrieved from http://www.tripadvisor.com/Restaurant_Review-g294217-d918027-Reviews-Aspasia- Hong_Kong.html
  • 11. Opportunity and Threat • Increased conscious in the trend of Molecular Gastronomy Opportunity • Increasing Income of GDP • Increasing concern of food shortage • Lack of technology in HK Threat • Various competitors
  • 12. Internal Environment Analysis Tomorrow’s Bar Mission Objective Resources
  • 13. Mission Target Tomorrow’s Bar Theme Opening hours Customer • a cross- • white-collars • from cultural of • aged 18-35 11:30a.m. to Molecular 15:00p.m Gastronomy • 7:30p.m. to with Eastern 3:00a.m and Western • Everyday style. • located in TST East
  • 14. Objective Performance- Short-term Long-term maximizing objective • To establish positive • To become the • expected to be public image within famous superior market-stimulated 1-3 years in HK. restaurant in Hong with a high degree of • To gain a year-on- Kong in the coming uncertainty about year 10% sales 10 years. their ultimate market during first five • To develop a good potential. years. public relation with • emphasizing unique • To increase market the customers in the products and share by 15% after 3 society within 10 services to increase years. years. its competitive • To retain 5% of the advantages and to customers/year. enlarge its market share
  • 15. Resources • Top Chefs Human • Talented Managers Resources • Training courses for employees • Non-monetary reward Morale • Keep in high level Capital and • Obtain bank loan • Maintained regularly Machine • Monitored raw material
  • 16. Target Market Analysis Target Characteristics Needs customers of customers • Aged 18-35 • Non- • Facing huge • White-collar pecuniary work employees rewards pressure • In TST East • 35% • Want to relax motivated by after work social needs • Join club or bar
  • 17. Marketing Mix Strategies Positioning Creative and innovative Middle class Advanced business man as techonology target customers
  • 18. 4Ps Price Marketing Promotion Mix Product Strategies Place
  • 19. Price Method • Price range is set between HK$200 to HK$500 per dish, which is higher than ordinary food • Send a message to prestige-conscious consumers • Continue to associate these values with the product Strategy • Planned to implement market skimming as its pricing approach • Recoup the investment involved in product development
  • 21. Place Location Decoration Private Rooms • TST East • Relaxing • rectangular form • Upper floor • Comfortable • grid pattern • dim lights • side by side with • candles on table sofa and cushions • home-away- from-home sense of feelings
  • 22. Promotion Advertising Personal Public selling Promotion Relations Sales promotion
  • 23. Advertising Mobile TV Programme application Websites • Invite several • providing the • official website famous bar’s menu, in multiple gourmets (e.g. transportation languages Tao Tao) to taste information and • FaceBook through special offers • Yahoo! and Television • Game: creating Googles programmes new forms of • will be molecular broadcasted at gastronomy by night period users
  • 24. Public Relations Promotional event • Planned to hold a public event in the plaza • Demonstrate the cooking process of various types of dishes and audiences will be invited to taste the dishes • Provide the theme night every Friday Teaching class • The first 100 customers will be invited to a teaching class • The Chef Executive of bar will teach them • Making the unique style and taste of dishes
  • 25. Sales Promotion Sales Promotion •Provide VIP cards •Consume more than $1500 in bar •Enjoy 85% discount off •First 100 customers can get the VIP card for free
  • 26. Implementation Milestones Milestones Start date End date Budget Who is How to evaluate? responsible? Decorating 1/1 31/3 $750000- 1000000 Person in charge Inspection on every week Recruiting staffs 3/3 17/3 $10000-15000 HR manager Hold the recruitment day Training 15/3 1/5 $30000-45000 Training Work rules test department and role play before the opening TV programme 1/5 31/11 $28888 x 6 = Marketing Compile statistics $173328 department of customers a week after the programme released Mobile application 1/6 31/12 $6000-10000 Marketing Compile statistics department of downloading rate from the system Printed 1/6 31/12 $8000 x 6 = Marketing Questionnaire advertisements $48000 department Promotional event 1/7,1/8,1/9 31/7,31/830 $50000-70000 Marketing Questionnaire each month /9 etc. department Teaching Class 11/7 18/7 $9000-12000 Marketing The popularity department from the joining number Market evaluation 1/8 31/8 $1500/report Marketing Questionnaire department Market research 1/10 31/10 $2000/survey R & D department Analyze the factors related to the business operation
  • 27. Marketing budget • Sales forecast: First 10 months the growth slow because of low brand. In year 2, we expect our sales volume will increase further as we should have gradually developed . Expenses Distribution Expenses Distribution 6% 2% Employees 25% salaries 25% Empolyees salaries Maintainers 2% 20% Maintainers expenses expenses Promotion Promotion expenses 15% expenses Food & Baverage expenses 2% Food & Beverage 30% TST East rental fee expenses TST East rental Operational expenses 20% 15% fee sundries Operational 6% 30% expenses sundries 2%
  • 28. Marketing controls External Internal Contingency plan • Brand name: • organize a weekly • plan B to adjust the 1) collect the opinions meeting situation 2) questionnaires will • food safety • Discount be conducted half supervision • Set of dinner yearly • menu of the meal 3) professional have to change every marketer will be hired 3-4 months • Financial measures • he quality of the food 1)professional • e advanced auditing company knowledge about the • 2)cash flow will be meal for waiters monitored every month
  • 29. Reference list • Arboleya, J. C., Aduriz, A., Lasa, D., Vergara, J., Duch, A., Olabarrieta, I., et al. (2007). Oral presentation. 2nd International symposium on delivery of functionality in complex food systems. University of Massachusetts. Amherst. USA. From the chef's mind to the dish: How a scientific approach can help to make the way easier. • • Aspasia. (2010). Retrieved from http://www.tripadvisor.com/Restaurant_Review-g294217-d918027-Reviews-Aspasia-Hong_Kong.html • • Bo Innovation. (n.d.). Retrieved from http://www.boinnovation.com/html/restaurant.php • • Caprice. (n.d.). Retrieved from http://www.dianping.com/shop/2198821 • Cathy. (2009). Food waste in restaurant. Retrieved from http://www.greenecoservices.com/food-waste-in-restaurants/ • Centre for Food Safety (2012), Food and Environmental Hygiene Department, HKSAR, Part V of the Public Health and Municipal Services Ordinance (Cap. 132). Retrieved form: http://www.cfs.gov.hk/english/food_leg/food_leg_list.html#part5 • C.J. Reissig.& E.C. Strain. & R.R. Griffiths. (2009). Caffeinated energy drinks—A growing problem. Drug and Alcohol Dependence. 99. (1–10). • • Census and Statistics Department of The Government of the Hong Kong Special Administrative Region. (2012). Table 200: Selected Industry Averages and Analytical Ratios in the Industry Sections of Import/Export, Wholesale and Retail Trades, and Accommodations and Food Services. Retrieved from http://www.censtatd.gov.hk/hong_kong_statistics/statistical_tables/index_tc.jsp?charsetID=2&tableID=200&subjectID= • • Census and Statistics Department of The Government of the Hong Kong Special Administrative Region. (2012). Table: Summary Statistics of Constituency Areas in Yau Tsim Mong District, 2006. Retrieved from • http://www.censtatd.gov.hk/hong_kong_statistics/statistical_tables/index_tc.jsp?charsetID=2&tableID=174&subjectID= • • Cuisine Innovation (2012) website. Retrieved from: http://www.cuisine-innovation.fr/php_creations/cuisine- innovation/cms/content/view/14/46/lang,en/ •
  • 30. Guide on Types of Licences Required (2012), Food and Environmental Hygiene Department, Ordinance (Cap. 371). Retrieved form: http://www.fehd.gov.hk/english/licensing/Guide_on_Types_of_Licences_Required.html • H. McGee. (2004). On food and cooking: The science and lore of the kitchen, (2nd ed.)Scribner, New York. • • Janthima Kaewpradab. (2006). Bangkok: Huacheaw Chalermprakiert University. Photocopied. The Relationship between Job Satisfaction and the Organizational Commitment of Employees, M.B.A. (Business Aministration). • • Kattiyapornpong, P. (2009). Profiling Generation Y- Where do they travel. Journal of Travel Research. (3-6) • • Line Holler Mielby & Michael Bom Frøst. (2010). 「Expectations and surprise in a molecular gastronomic meal」. Food Quality and Preference. 21. (213–224). • N. Kurti. (1969).The physicist in the kitchen, Proceedings of the Royal Institution of Great Britain. 42. (451–467). • Mr John C Tsang. (2010). the Appropriation Bill 2010. Retrieved from: http://www.info.gov.hk/gia/general/201004/21/P201004210173.htm • New.gov.hk from Hong Kong’s information Services Department (2011), GDP rises 7.2%, Business & Finance, June 20, 2011.Retrieved from: http://archive.news.gov.hk/en/categories/finance/html/2011/06/20110620_192823.shtml • Roongrawee Saithep. (2008). M.A. (Business English for International Communication). Bangkok: Graduate School, Srinakharinwirot University. A Survey of Motivational Factors of White-Collar and Blue-Collar Employees at Mattel Bangkok Limited. Retrieved from: http://thesis.swu.ac.th/swuthesis/Bus_Eng_Int_Com/Roongrawee_S.pdf • Tabacco Control office of Department of Health, (2012), Tobacco Control Legislation. Retrieved from: http://www.tco.gov.hk/english/legislation/legislation_sa.html • The Krug Room. (n.d.). Retrieved from http://food.vpire.com/614/the-krug-room/ • The S. Pellegrino World. (2007). The S. Pellegrino world's 50 best restaurants, Restaurant Magazine. • Vega. César. & Job Ubbink. (2008). “Molecular gastronomy: a food fad or science supporting innovative cuisine?” Trends in Food Science & Technology 19. (7). (372–382).