Académique Documents
Professionnel Documents
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ON
Submitted by
PRIYATA DALAL
Regd. No- 1706286091
Batch- 2017-19
TABLE OF CONTENT
Authorisation
Certificate from Guides
Acknowledgements
Executive Summary
1. Introduction
1.1 Company Profile
2. Literature Review
3. Methodology
3.1 Data Collection
4.2 Conclusion
4.3 Recommendation
5. Annexure
6.Bibliography
GUIDANCE-cum-COMPLETION CERTIFICATE
This is to certify that Ms.Priyata Dalal ,BPUT Regn No-1706286091,has
undertaken the project titled Effectiveness of promotion Mix” under our
guidance from 13th June 2018 to 15th July 2018 at BOOKINGJINI and has
completed the said project successfully.
Signature
Priyata Dalal
ACKNOWLEDGEMENT
“It is not possible to prepare a project report without the assistance & encouragement of other
people. This one is certainly no exception”. On the very outset of this report, I would like to
extend my sincere & heartfelt obligation towards all the personages who have helped me in
this endeavour. Without their active guidance, help, cooperation & encouragement, i would
not have made headway in the project.
At last but not the least, gratitude goes to all of my friends who directly or
indirectly helped me to complete this project report.
Any omission in this brief acknowledgement does not mean lack of gratitude.
Thanking You
(PRIYATA DALAL)
Executive Summary: This report examines and provides a detailed
analysis of Effectiveness of Promotional Mix with respect to its
implementation in the company. The study investigates market
trends ,levels of its current practice , levels of successes and failures
and factors associated with the implementation of the same. In
order to gain proper understanding of the subject matter research,
two different case studies are discussed in detail. At the end , the
study presents a proposed model of successful implementation of
effectiveness of promotion mix along with a set of
recommendendations following the conclusion.
Company Profile
Objectives of the study
Scope and Limitations
Company Profile
WHAT IS BOOKINGJINI?
We Help Hotels Generate Sales from their websites Traffic! An Analytical and Intelligent,
Lead Conversion Platform for Hotel Websites.
We are a group of young entrepreneurs and innovators who are constantly thinking out of the
box to enable hotels to increase their productivity and thereby increase sales.
Our Revenue Managers are on their toes to grab every opportunity to convert a looker into a
booker, a website visitor into your guest.
We strongly believe for hoteliers they should focus on their domain i.e. hospitality and leave
the technology aspect from end-to-end for us.
With more than 10 years of experience in application of Technology in Hospitality services
management in government and private sector, we clearly understand the pain area of a hotel
management or owner and we go out of the way to remove it through our technology based
product and services.
BOOKINGJINI-:
BookingJini is Technology Company offering complete spectrum of technology solutions to
the hotel industry. The company was formed in May 2016 by group of young entrepreneurs
and innovators who were constantly thinking out of the box to enable hotels to increase their
productivity and thereby increase sales. They provide SMAC (social, mobile, analytics and
cloud) solutions to hotels and offer products like iBooking Engine, Channel manager,
Digital marketing services, Analytic tools, Mobile App under one roof which resolve major
pain points for hoteliers and streamlines processes.
BookingJini believes analytics and guest tracking is a key factor in today’s competition. Their
analytics and revenue manager worked together to ensure the website lookers are converted
into bookers. With real-time offers and real-time hand holding, the team will increase the
conversion rate and enhances the bottom-line of the hotel.
Sibasish Mishra, CEO & Founder has tremendous Sales acumen and deep understanding of
customer culture.Having experience in sales and development for 15 years across financial
and technology products he came up with the idea to ease the way hotels productivity is and
ultimately aiding them to increase their Online Revenue. Being always clear in vision,
direction and strategy, he knew how to sew all these factors together to have successful and
growing company.
In past, his team has successfully implemented E-Governance solution with one of the State
Tourism Dept. and seen the revenue increase by 300%. This strong proof of concept paved
way for BookingJini.
Sibasish believes in growth of all his associates. He has tremendous knowledge of handling
people & maintaining productive relationship with them. He is a man of wisdom. Humility
and Pro-active drive are his key qualities.
The way company’s culture being set and Sibasish gets work done with his team, everyone is
profoundly attached to the company and he has created great place so that people can give
their best at that place which is commendable. Team-building is another thing which he
always considers.
Booking Engine– Enables hoteliers to get bookings through their hotel website.
Some key product highlights are – highly customizable, great user experience and has
an integrated payment gateway which overall helps hotels increase their site traffic
and increase revenue.
Channel Manager– Automates inventory and rate management with all online travel
agents
Sales Analytic Tools– Helps hoteliers learn more about hotel website visitors and
prospective customers.
Mobile App-An App which helps customers coordinate with hotel staff and request
services, etc.
Digitization helps hotels increase their revenue because you can be in greater control of the
prices and the rooms that you sell. On the other hand, it helps hotels use social media
platforms and online advertisements, so that they can attract potential customers based on the
different patterns of booking in a region or among people of a certain taste.
Online Hotel Business in India is approx. $ 1.8 billion and is likely to grow to $ 3.5 billion in
next 4 years. Demonetization plays a catalyst to surge in online hotel business. According to
Sibasish, “While 63% of hotel buyers do research online, only 29% book rooms online. This
is likely to grow to 45% in next 3 years”.
Moving ahead, BookingJini has set realistic goals in the operational context of evolving
market conditions and technologies. Within 6 months into market, the company has already
250 hotel clients using its products and has successfully partnered with OTAs.
In coming days, the company’s main aim is to increase the number of hotels to 1500 by Dec
2017. Besides making sure that their customers and partners succeed through their
engagement, they also try to provide high class customer services and helping them to
increase their revenue by many folds.
As of today, 85% of hotels still don’t have online booking technology, which
is a key factor to growth. Hotels should get a Good responsive and parallax
website in place with the integration of Booking Engine in the website. This
will boost your conversions and it will also increase customer satisfaction
which will Build trust in your Booker.
The Channel Manager effectively connects you with the online travel agents.
Also, the Global Distribution Systems manages and automates the Hotel's
online rates and inventory distribution while minimizing overbooking.
Limitations
The study was confined to Bhubaneswar so there may be a
variation in the analysis.
Maintains the transient rooms inventory for the hotels and responsible for
maximizing transient revenue.
The Client Support Manager releases group rooms back into general
inventory and ensures clean booking windows for customers.
2. Accuracy: Accuracy is defined as the degree to which bias is absent from the
sample. An accurate (unbiased) sample is one which exactly represents the
population. It is free from any influence that causes any differences between
sample value and population value
3. Size: A good sample must be adequate in size and reliable. The sample size
should be such that the inferences drawn from the sample are accurate to a
given level of confidence to represent the entire population under study.The
size of sample depends on number of factors.
3. Nature of study: The size of sample also depends on the nature of study. For
an intensive study which may be for a long time, large samples are to be
chosen. Similarly, in case of general studies large number of respondents may
be appropriate one but if the study is of technical in nature then the selection
of large number of respondents may cause difficulty while gathering
information.
• Bias: Bias is the term refers to how far the average statistic lies from the
parameter it is estimating, that is, the error, which arises when estimating a
quantity. Errors from chance will cancel each other out in the long run, those
from bias will not. Bias can take different forms.
Defining the population of interest, for business research, is the first step in
sampling process. In general, target population is defined in terms of element,
sampling unit, extent, and time frame. The definition should be in line with the
objectives of the research study. For ex, if a kitchen appliances firm wants to
conduct a survey to ascertain the demand for its micro ovens, it may define the
population as ‘all women above the age of 20 who cook (assuming that very
few men cook)’. However this definition is too broad and will include every
household in the country, in the population that is to be covered by the survey.
Therefore the definition can be further refined and defined at the sampling
unit level, that, all women above the age 20, who cook and whose monthly
household income exceeds Rs.20,000. This reduces the target population size
and makes the research more focused. The population definition can be
refined further by specifying the area from where the researcher has to draw
his sample, that is, households located in Hyderabad.
Once the definition of the population is clear a researcher should decide on the
sampling frame. A sampling frame is the list of elements from which the
sample may be drawn. Continuing with the micro oven ex, an ideal sampling
frame would be a database that contains all the households that have a
monthly income above Rs.20,000. However, in
practice it is difficult to get an exhaustive sampling frame that exactly fits the
requirements of a particular research. In general, researchers use easily
available sampling frames like telephone directories and lists of credit card and
mobile phone users. Various private players provide databases developed
along various demographic and economic variables. Sometimes, maps and
aerial pictures are also used as sampling frames. Whatever may be the case, an
ideal sampling frame is one that entire population and lists the names of its
elements only once.
A sampling frame error pops up when the sampling frame does not accurately
represent the total population or when some elements of the population are
missing another drawback in the sampling frame is over –representation. A
telephone directory can be over represented by names/household that have
two or more connections.
The sampling method outlines the way in which the sample units are to be
selected. The choice of the sampling method is influenced by the objectives of
the business research, availability of financial resources, time constraints, and
the nature of the problem to be investigated. All sampling methods can be
grouped under two distinct heads, that is, probability and non-probability
sampling.
The sample size plays a crucial role in the sampling process. There are various
ways of classifying the techniques used in determining the sample size. A
couple those hold primary importance and are worth mentioning are whether
the technique deals with fixed or sequential sampling and whether its logic is
based on traditional or Bayesian methods. In non-probability sampling
procedures, the allocation of budget, thumb rules and number of sub groups
to be analyzed, importance of the decision, number of variables, nature of
analysis, incidence rates, and completion rates play a major role in sample size
determination. In the case of probability sampling, however, formulas are used
to calculate the sample size after the levels of acceptable error and level of
confidence are specified. The details of the various techniques used to
determine the sample size will be explained at the end of the chapter.
units and the households are the sampling elements. This step outlines the
modus operandi of the sampling plan in identifying houses based on specified
characteristics. It includes issues like how is the interviewer going to take a
systematic sample of the houses. What should the interviewer do when a
house is vacant? What is the recontact procedure for respondents who were
unavailable? All these and many other questions need to be answered for the
smooth functioning of the research process. These are guide lines that would
help the researcher in every step of the process. As the interviewers and their
co-workers will be on field duty of most of the time, a proper specification of
the sampling plans would make their work easy and they would not have to
revert to their seniors when faced with operational problems.
This is the final step in the sampling process, where the actual selection of the
sample elements is carried out. At this stage, it is necessary that the
interviewers stick to the rules outlined for the smooth implementation of the
business research. This step involves implementing the sampling plan to select
the sampling plan to select a sample required for the survey.
4.FINDINGS AND RECOMMENDATION
Results
Conclusions
Recommendation
Results
On the basis of the following questions, the survey was
conducted.The results are explained with the help of the pie-charts &
bar graph.
Q1.
CONCLUSION
My training was a very enriching experience for me, I have learnt so many
things, and i got insight into the start up company. These sectors today playing
a major role for strangers an every customer. I came to know about the
wonderful services and their features. Bookingjini also provides various
comfortable and suitable services to the fullest to their customers.
After a start up company, BOOKINGJINI is trying to improve as its quality of
services. It works in a proper manner. It follows some particular rules and
regulation in their work. They are very much dedicated to their work and
eyeing to achieve a unique position as a hotel booking sector.
Dear sir/Ma’am,
Name:- ------------------------------------------------------------------
Address:- ---------------------------------------------------------------------------
a)1years
b)1-2years
c)2-4years
a)Highly satisfied
b)Satisfied
c)Somehow satisfied
d) Dissatisfied
b)No
a)Yes
b)No
Q5.How do you rate the process of taking orders & giving services?
a)Good
b)Bad
a)Yes
b)No
a)Yes
b)No
a)Yes
b)No
a)Yes
b)No
Q10.Do they call you or text you regarding your feedback of the sevices?
a)Yes
b)No
6.BIBLIOGRAPHY
References:
www.google.com
www.bookingjini.com
www.slideshare.net